Gupta will work with the India team on areas such as investment strategies in his non-executive role, according to a statement by the Singapore state investor. He left the city-state’s biggest bank early this year after more than 15 years where he oversaw a period of substantial profit and share price growth.
That helped to bolster the net portfolio value of its biggest shareholder Temasek Holdings Pte., which hit S$434 billion ($335 billion) as of March 31. The firm is looking to boost its $50 billion India portfolio with larger, more selective bets, its country head Ravi Lambah told Bloomberg in July, adding he is looking to back more family-owned businesses.
One example is its investment in snacks business Haldiram Snacks Food Pvt Ltd. This year, it also agreed to sell its 35% stake in Schneider Electric India Pvt. joint venture in a €5.5 billion ($6.4 billion) deal, marking one of its largest exits in India.
Temasek is undergoing a reorganisation of its holdings, which will see its assets split into three key subsidiaries from April 1, 2026. That would place much of its Indian holdings placed under the newly-created Temasek Global Investments unit led by Nagi Hamiyeh.