Temasek Taps Banking Veteran Piyush Gupta
Temasek has appointed former DBS Group chief executive Piyush Gupta as Chairman, India, in an advisory capacity effective 1 December 2025 – a move that signals the Singapore investment firm’s intent to sharpen its strategy and expand its institutional influence in one of its most important growth markets.
In his non-executive role, Piyush Gupta will work closely with Ravi Lambah, Head, Strategic Initiatives and Head, India, and Temasek’s India team to refine investment strategies and support portfolio companies as they navigate new opportunities in the country, according to a media release issued on Friday.
He will also take on an institutional mandate, engaging with government and business leaders to elevate Temasek’s profile and networks. Temasek is Singapore's global investment firm. It manages a large portfolio of investments across various industries, including financial services, telecommunications, and life sciences. Founded in 1974, it operates on commercial principles to deliver sustainable long-term returns.
Track Record of Transforming Financial Institutions
Gupta led DBS Group from 2009 to 2025, steering its digital transformation and regional expansion into what is widely regarded as one of the world’s strongest banks.
His current roles include Deputy Chairman of Keppel, Chairman of the Board of Trustees at Singapore Management University, and Chairman of Mandai Park Holdings. He also serves in multiple senior advisory positions in Singapore and abroad.
Reinforcing Temasek’s Long-Term India Strategy
Dilhan Pillay, Executive Director and CEO of Temasek Holdings, said: «Piyush Gupta brings extensive business insights and strong connections developed over decades in financial services.
«Complementing Ravi Lambah’s leadership of our India market, he will provide strategic counsel and help strengthen our institutional networks in India and beyond, enhance our franchise value, and expand our portfolio access,» he added.
Focus on Partnerships and Growth
Gupta welcomed the appointment, noting his longstanding familiarity with the Temasek ecosystem.
«I am honoured with this opportunity to work with the Temasek India team. Having been engaged with the Temasek ecosystem for many years, I look forward to collaborating with the team to deepen partnerships, pursue new opportunities, and contribute to Temasek’s continued growth in India,» he said.
Implications for Investors
The appointment strengthens Temasek’s leadership bench at a time when global investors are intensifying their focus on India’s structural growth story.
With Gupta’s combination of financial sector expertise, digital leadership credentials, and institutional relationships, Temasek is positioning itself to capture a broader share of India’s deal flow and long-term value creation.
