February 2008
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BTS to invest $4 million in QAI India

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

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