Infosys Founder to double private firm’s investments
BANGALORE, INDIA — Catamaran Ventures, the private investment firm managing the assets of Infosys Founder Narayana Murthy, intends to double its US$1 billion in investments under management over the next five years.
Murthy’s pioneering strategy of outsourcing technology services helped transform Infosys into one of India’s leading tech firms. His daughter, Akshata Murty, holds a directorial position at the British branch of the clan’s investment firm, which operates independently. Notably, Murty is also the spouse of United Kingdom Prime Minister Rishi Sunak.
Catamaran is keen to harness India’s potential as a quality manufacturing hub. As part of its growth strategy, the firm is looking to launch strategic partnerships focused on three new areas: deep tech, precision engineering, and manufacturing, according to Chairman MD Ranganath. Catamaran also plans to add four specialists to its team of investment professionals.
The firm’s past collaboration with Amazon resulted in the development of Prione Business Services. The firm invests in the social network Reddit and India’s largest stock exchange, the National Stock Exchange, and aims to continue supporting early and late-stage companies.
Catamaran Ventures’ move indicates the vast potential in deep tech, precision engineering and manufacturing, and renewables industries. These sectors could potentially unlock new opportunities for expansion and investment.
Infosys, a global consulting and IT services company, has operated since 1981 and is listed on the New York Stock Exchange. With over 343,000 employees, the company services clients from over 50 countries. Infosys is headquartered in India and has offices in the Americas, Asia Pacific, Europe, the Middle East, and Africa.
The company has impressive LTM FY23 revenues of US$18.21 billion and a market capitalization of around US$72.35 billion.
Its business process management subsidiary, Infosys BPM, ranked #8 in the Time Doctor OA500, the world’s first objective index of the top 500 outsourcing companies.
