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Canadian billionaire Prem Watsa's Fairfax India Holdings Corp (FIHL) is sitting on good returns on its investments in India. According to a recent disclosure, the Toronto-listed investment firm reported a return on equity (RoE) of 28.2 per cent in 2017, on the back of just three listed companies in India.
Fairfax has invested in eight companies since January 2015, and only three of them are listed — IIFL Holdings, Fairchem Speciality (formerly Adi Finechem & Privi Organics), and National Stock Exchange.
The performance was led by IIFL Holdings, which made a return of 93.3 per cent in 2017 - internal rate of
