3i opens Knowledge and Resource Centre in India

By : |March 9, 2008 0

BANGALORE, INDIA: 3i, a world leader in private equity, announced the opening of a new Knowledge and Resource Centre in Bangalore, India, as a result of a partnership with Infosys BPO.

3i already has significant operations in India through its local growth capital and infrastructure teams, with recent investments including Nimbus Communications, a media and entertainment company focused on TV, advertising and sports rights, UFO Movies Pvt Ltd, the world’s largest digital cinema chain, Adani Power, a 2,600MW coal fired power plant in Gujarat and the recent successful IPO of Mundra Ports, the deepest all weather natural port, on the west coast of India.

The new facility with an initial staff of 20 will be managed by business process outsourcing subsidiary of Infosys Technologies Ltd (“INFY”), a NASDAQ listed global leader in next generation IT and consulting services. Having previously worked with Infosys and deployed outsourcing to powerful effect with our portfolio companies, the additional skills and resource Infosys brings will help provide further competitive advantage to 3i.

Infosys will initially focus on providing 3i with global research services to support its investment business as well as delivering a centralised service for 3i’s accounts payable, providing enhanced capability to 3i investment teams. 3i has pioneered many developments in the Private Equity industry during its 60 years and this latest innovation follows 3i’s rapid international business growth in recent times.

Chris Rowlands, managing partner, 3i Asia, explained “The partnership between 3i and Infosys BPO is a natural one; we’re both global, we’re both innovative in our respective markets and we’re both acknowledged for our partnership style. We believe that the expertise and additional resource Infosys brings will further drive 3i’s competitive advantage in India and globally.”

Joydeep Mukherjee, vice president and head, Knowledge Services, Infosys BPO, added “We are delighted to partner with a firm like 3i which has similar values and a similar innovative mindset. Infosys BPO brings to the table strong research and finance capabilities in the knowledge resource centre. We will leverage industry practices, technology, consulting and analytics in their transformational journey. “

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