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Fairfax sells 51% stake in Saurashtra Freight to Japan's Kamigumi for INR 662 crore

#Taxation & Finance News#India
Last Updated : 16th Sep, 2025
Synopsis

Fairfax India Holdings has agreed to sell its 51% stake in Saurashtra Freight Private Limited to Japan's Kamigumi for INR 662 crore, in a deal expected to close in the fourth quarter of 2025. Fairfax had acquired the stake in 2017 for INR 200 crore. Saurashtra Freight operates one of the largest container freight stations at Mundra Port in Gujarat, while Kamigumi, with global revenues near USD 2 billion, plans to expand its logistics operations in India. The company will integrate Saurashtra Freight as a subsidiary and explore international intermodal transportation opportunities.

Fairfax India Holdings Corporation has sold its 51% equity stake in Saurashtra Freight Private Limited to Kamigumi Co., Ltd., a Japanese logistics company, for approximately INR 662 crore. The transaction is expected to be completed in the fourth quarter of 2025, ending an eight-year partnership between Fairfax and Saurashtra Freight. Fairfax had initially acquired this stake in 2017 for INR 200 crore, reflecting significant growth in the company's value over the period.


Saurashtra Freight manages one of the largest container freight station yards at Mundra Port in Gujarat, handling substantial cargo volumes and playing a key role in India's logistics sector. Kamigumi, with global revenues of nearly USD 2 billion, is a leading logistics and shipping company in Japan and has storage and warehousing operations in Indonesia. This acquisition aligns with Kamigumi's strategy to expand its presence in India, a market with increasing demand for efficient logistics services.

Prem Watsa, founder of Fairfax India, highlighted the contributions of Raghav Agarwalla in leading Saurashtra Freight, noting the company's consistent financial performance and strong market position in the container freight station business at Mundra Port. Kamigumi has stated that Saurashtra Freight will operate as its subsidiary and aims to create new business opportunities through international intermodal transportation and collaboration with local subsidiaries in nearby countries.

This divestment reflects Fairfax India's evolving investment strategy and Kamigumi's commitment to strengthening its footprint in India's growing logistics sector. Over the years, Saurashtra Freight has maintained steady growth and profitability, making it a valuable acquisition for a company looking to expand regionally.

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