We believe this is a reaffirmation of India’s potential as the preferred investment destination, and importantly, of the Indian infrastructure story.  

What excites us the most is the purpose that deal is set to achieve. Smart meters will play a pivotal role in the transition to green energy by helping make our grids smarter and optimize operational efficiencies of Discoms.

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing, and are uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital, and infrastructure. GIC’s long-term approach, multi-asset capabilities, and global connectivity enable them to be an investor of choice. They seek to add meaningful value to their investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. 

Genus is the largest manufacturer of “smart meters” and has an integrated manufacturing facility that has supported its widespread installation of meters across India. With an in-house R&D centre and deep experience in Operations & Maintenance (O&M) of smart meters, Genus is a market leader in India in the metering business.

Thanks to KPMG for their support on tax, financial and commercial diligence