ETtechBengaluru: Global private equity firms ChrysCapital, True North and others have invested $150 million in QuEST Global for a minority stake in the engineering solutions provider. The investors purchased a portion of shares held by QuEST's cofounders and management team, the company said on Monday.
Existing investors Bain Capital, Advent and GIC remain invested in the company, it added. "The investment by three of the most respected global investors, despite the ongoing pandemic crisis, is a testament to our ability to build and grow our business to become the most trusted thinking partner to customers," said Ajit Prabhu, chairman and CEO of QuEST Global.
QuEST has a workforce of over 11,000 people, of which 7,000 are located across its nine centres in India.
Existing investors Bain Capital, Advent and GIC remain invested in the company, it added. "The investment by three of the most respected global investors, despite the ongoing pandemic crisis, is a testament to our ability to build and grow our business to become the most trusted thinking partner to customers," said Ajit Prabhu, chairman and CEO of QuEST Global.
QuEST has a workforce of over 11,000 people, of which 7,000 are located across its nine centres in India.
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