Fairfax India's assets grow at five-year CAGR of 26% to $3.24 billion

Canadian billionaire Prem Watsa-led Fairfax India Holdings has said its return on equity since inception at end-January 2015, showed a compound annual growth rate (CAGR) of 13.8 per cent till 2019.

Its assets were $1.02 billion in 2015 and grew to $3.24 billion in 2019, a CAGR of 26.4 per cent. Investments saw a CAGR of 27 per cent, from $978.6 million (Rs 7.3 billion) in 2015 to $3.17 billion (Rs 235 billion) in 2019, according to the latest annual report.

The return on equity grew from 4 per cent in 2015 to 22 per cent in 2019 even though there was