| BTS Investment Advisors, a Switzerland-based private equity fund, is all set to invest around $4 million in QAI India Limited (QAI India), one of the leading global consulting organisations addressing ‘Operational Excellence’ in IT, BPO and knowledge-intensive organisations for a significant minority position. |
| BTS India Fund has a corpus of $80 million, with prominent institutions as anchor investors including the Swiss government, ADB, The Belgian Investment Company for Developing Countries (BIO) and the International Cooperation and Development Fund, Taiwan. |
| The fund targets medium-size companies of growth sectors which are either export driven or address the booming domestic markets, and seeks significant minority stakes in these companies. |
| According to sources close to the deal, the transaction is likely to be inked in the next few days. However when contacted, K Srinivas, Managing Partner declined to comment. |
| QAI India is promoted by Navyug Mohnot, IIT-Delhi alumni. The company is based in New Delhi, with offices in Bangalore and Bombay; and wholly owned subsidiaries in Singapore, Malaysia and China. |
| In 2006-07, the company acquired a controlling stake in a UK-based company called Unicom. |
| This vast geographical presence would help the company to innovatively distribute and manage its engagements across multiple locations and spread its presence globally. |
| QAI India is partnering with over 300 clients including Accenture, IBM, Wipro and HCL in about 30 countries through multiple interventions spanning consulting, training, certification, assessments, international benchmarking and e-learning to IT, ITeS and other knowledge-based industries. |
Source: Business Standard