While most of the investments have remained under the wraps, Premji Invest’s portfolio has a unique mix of companies ranging from sectors like technology, e-commerce, financial services, retail, fashion, healthcare to consumer goods.
The diversification of portfolio is perhaps the billionaire’s forte as he took Wipro from an edible oil manufacturer to India’s third largest IT services company over three decades. During the same time, Wipro also built its position as one of the leaders in the consumer goods and electronics segments.
Founded in 2006, Premji Invest’s assets under management are worth over $ 2 billion across India, the US and China. It is known for making investments in the range of $ 20 million to $ 60 million.
Premji Invest’s portfolio
Mar 2012: Acquires 4.91% in Trent for Rs 122 crore
Mar 2012: Ethnic retailer Fabindia sells 7% stake to Premji Invest for Rs 125 cr
Oct 2012: Invests $ 35 mn in JSM Corp, which runs Hard Rock Cafe and California Pizza Kitchen restaurants
Dec 2012: Premji Invest buys stake in Hyderabad-based Heritage Foods
Aug 2013: Premji Invest buys ‘non-voting preference shares’ in Tata Capital for Rs 75 cr
Feb 2014: Myntra raises $ 50 mn from Premji Invest
May 2014: Premji Invest buys 10% in Biyani’s fashion firm
Oct 2014: Payments processing firm FSS raises around Rs 350 crore from Premji Invest
Dec 2014: Premji Invest to buy under 1% stake in HDFC Standard Life Insurance for $ 31 mn