Fairfax India Holdings Corporation (T:FIH*CA)
Business Focus: Investment Holding Companies (NEC)
| Sector: Financials | Industry: Investment Holding Companies |
| Company Contact | |
| Address: | 95 Wellington St W Suite 800 TORONTO ON M5J 2N7 |
| Tel: | N/A |
| Website: | https://www.fairfaxindia.ca |
| IR: | See website |
| Key People | ||
| Chandran Ratnaswami Chief Executive Officer, Director | Amy Lynn Sherk Chief Financial Officer | Amy Tan Chief Executive Officer and Director of FIH Mauritius and FIH Private |
| Gopalakrishnan Soundarajan Chief Operating Officer, Director | Jennifer Allen Vice President | John C. Varnell Vice President - Corporate Affairs | Jennifer Pankratz General Counsel, Corporate Secretary |
| Business Overview |
| Fairfax India Holdings Corporation is a Canada-based investment holding company. The Company's investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. The Company makes its investments either directly or through one of its wholly owned subsidiaries based in Mauritius, FIH Mauritius Investments Ltd (FIH Mauritius) and FIH Private Investments Ltd (FIH Private). The Company, through its subsidiaries, holds investment in the Bangalore International Airport Limited, Sanmar Chemicals Group, Seven Islands Shipping Limited, and more. The Company's portfolio manager is Hamblin Watsa Investment Counsel Ltd. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fairfax India Holdings Corp revenues increased from $237.5M to $598.9M. Net income increased 94% to $371.8M. Revenues reflect Unrealized gain/loss- Bonds and common s increase from $153.7M to $361.7M, Net realized gains (losses) on investmen increase from $95.9M to $193.2M, Foreign Exchange Gain/Loss - Unrealized increase of 93% to -$3.5M. |
| Employees: | 10 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,878M as of Dec 31, 2023 |
| Annual revenue (TTM): | $598.86M as of Dec 31, 2023 |
| EBITDA (TTM): | $451.90M as of Dec 31, 2023 |
| Net annual income (TTM): | $371.77M as of Dec 31, 2023 |
| Free cash flow (TTM): | $66.61M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $323.21M as of Dec 31, 2023 |
| Shares outstanding: | 135,152,447 as of Apr 12, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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