3i Opens Knowledge and Resource Center in India
Private equity leader 3i, in association with Infosys BPO, opens Knowledge and Resource Center in Bangalore
Bangalore, India, March 6, 2008: 3i, a world leader in private equity, today announced the inauguration of a Knowledge and Resource Center in Bangalore, India, in association with Infosys BPO.
The new facility, with an initial staff of 20, will be managed by the business process outsourcing subsidiary of Infosys Technologies Ltd. (NASDAQ: INFY), a leader in next-generation IT and consulting services. Having previously worked with Infosys and deployed outsourcing to powerful effect with portfolio companies, 3i will gain competitive advantage from the additional skills and resource Infosys brings.
3i already has significant operations in India through its local growth capital and infrastructure teams, with recent investments including in Nimbus Communications, a media and entertainment company; UFO Movies Pvt. Ltd., the world's largest digital cinema chain; Adani Power, a 2,600 MW 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. 3i has pioneered many developments in the private equity industry over the last 60 years. The opening of the center in Bangalore follows 3i's rapid international business growth in recent times.
Infosys will initially provide 3i with global research services to support its investment business and deliver a centralised service for 3i's accounts-payable, providing enhanced capability to 3i investment teams.
Commenting on the partnership between the two companies, Chris Rowlands, Managing Partner, 3i Asia, said, "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 as Infosys 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."