Fairfax India Holdings Corporation on Friday said its wholly owned subsidiary — FIH Mauritius Investments Ltd — has sold 51 per cent of its stake in Saurashtra Freight Pvt Ltd for ₹662 crore to Japan’s logistic company Kamigumi Co. Ltd.
Mumbai-based Saurashtra Freight Pvt Ltd owns one of the largest container freight stations at Mundra in Gujarat. The transaction is expected to conclude in the fourth quarter of calendar year 2025 upon which Fairfax India will cease to own any shares in Saurashtra Freight, the company stated in an official release.
“We would like to thank Raghav Agarwalla, Founder of Saurashtra, for a wonderful partnership over the past 8 years. Saurashtra was one of Fairfax India’s early investments and under the able leadership of Raghav, Saurashtra consistently produced great financial results while continually achieving one of the highest market shares in the container freight stations business at Mundra Port. We wish Raghav continued success in all of his future endeavours,” stated Prem Watsa, Founder of Fairfax India, an investment holding company.
Raghav Agarwalla, Founder of Saurashtra Freight stated, “This transaction marks the conclusion of a cherished and memorable chapter in Saurashtra’s journey. Over the past eight years, Fairfax India has been an incredible partner, helping us grow the business multi-fold and supporting our ambitions with steady confidence. I would like to personally thank Prem for his unwavering support of me and the company. Fairfax India has played a pivotal role in transforming Saurashtra into a business worthy of becoming part of the highly respected Kamigumi Group.”
Published on September 12, 2025
