Shaiva, Taranis invest big in India’s Telangana

UAE’s Shaiva and Taranis invest over AED 900 mn in India: UAE-based tech and real estate holding company Shaiva Group and fintech-focused investment firm Taranis Capital have committed INR 21.3 bn (c. AED 909 mn) to five companies based in India’s Telangana state, The Economic Times reports, citing a state government release. The investments are expected to create over 5k jobs within the state, though it’s not clear how much each firm will be investing in the Indian companies.

The investment targets:

• Revelations Biotech will receive INR 13.6 bn (c. AED 582.3 mn);
• Pathogen-detecting firm Manakin Bio is set to receive INR 3.4 bn (c. AED 145.6 mn);
• Svobodha Infinity Investment Advisors will receive INR 800 mn (c. AED 34.3 mn);
• Manufacturing firm Exigent Drilling Technology will receive INR 900 mn (c. AED 38.5 mn);
• Digital consulting company Yentra Tech Controls will receive approximately INR 2.6 bn (c. AED 109.2 mn).

More ahead: Telangana IT Minister Duddilla Sridhar Babu said the firms have also expressed interest in investing an additional INR 240 bn (c. AED 10.3 bn) over the next three years in biotech, AI, data centers, defense, energy, fintech, and public infrastructure.

About Taranis: Taranis Capital focuses on ethical fintech investments, backing companies with strong governance standards, fair labor practices, and high social responsibility, according to its website. Alongside capital, the firm provides hands-on advisory in areas like marketing, global expansion, and product development.

About Shaiva: Led by Amit Varma (LinkedIn) and Sumit Arigapudi (LinkedIn), Shaiva Group is a holding company that specializes in technology and real estate, and offers platform integration, design services, and real estate advisory.