Quest Global and IEEE Expand India Partnership to Empower Women Engineers

Quest Global, a leading global product engineering services company, has extended its strategic collaboration with IEEE, the world’s largest technical professional organization advancing technology for humanity, in India to provide opportunities for female engineers through its advancing women in engineering initiative.

Now in its third year, this strategic collaboration continues to deliver meaningful impact through two key Corporate Social Responsibility (CSR) initiatives - the Women in Engineering (WIE) Scholarship Program and the Returning Women Engineers Program (RWEP).

To date, the IEEE WIE Scholarship Program has benefited 790+ Women students from three Indian states, that is, Karnataka, Maharashtra, and Kerala, and is aiming to support 200+, including students from Underserved communities who aim to get admission to Engineering after the 12th Standard this year. The program offers a comprehensive development platform, including financial aid, technical courses through IEEE’s Blended Learning Program, industry-led learning sessions, mentorship, placement support, and professional networking opportunities.

Eligibility is based on academic performance, with applicants required to have a minimum of 60%, and preference given to candidates from Underserved Communities. The program is already yielding positive outcomes: 100+ students have successfully secured employment, with placement support ongoing for other participants.

“Quest Global is proud to continue our partnership with IEEE India in advancing equitable access to engineering education and careers for women in India,” said Cheryl Rodness, Global Head of Brand, Quest Global. “We are dedicated to enabling women to become leaders and innovators in this field because we believe in the transformative power of engineering.”

Srikanth Chandrasekaran, Country Head, IEEE India Operations, highlighted the importance of collaboration, stating, “We sincerely thank Quest Global for their continued support in empowering over 1,000 people through Women in Engineering initiatives across three states in India. Moving forward, IEEE is committed to expanding this impact to reach all states, fostering a truly inclusive engineering ecosystem nationwide.”

Complementing the scholarship initiative, the Returning Women Engineers Program (RWEP) is designed to help women professionals re-enter the workforce after career breaks. Developed by IEEE India and funded by Quest Global, the program provides training in both technical and soft skills, along with career preparation, interview coaching, resume building, and mentorship support.

About IEEE

IEEE is the world’s largest technical professional organization and is a public charity dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice in a wide variety of areas ranging from aerospace systems, computers, and telecommunications to biomedical engineering, electric power, and consumer electronics. Learn more at https://www.ieee.org.

Quest Global and ING Honoured with The Asset Triple A Award for Sustainable Finance 2025

Quest Global, a leading global engineering services firm, today announced that it has been recognized with The Asset Triple A Award for Sustainable Finance 2025 in South Asia, in partnership with ING, in the category of “Best Sustainability-Linked Loan – Engineering Services.”

This achievement is particularly noteworthy as Quest Global is the first engineering services company to have achieved this milestone. This prestigious award celebrates the innovative integration of sustainability into Quest Global's financial strategy.

The award acknowledges Quest Global's and ING's pioneering approach to embedding sustainability within the company's financing framework, a practice that remains relatively uncommon in the outsourced engineering services sector. The developed sustainability-linked loan (SLL) features a balanced discount and penalty mechanism, strategically designed to incentivize Quest Global to achieve significant advancements in its sustainability objectives through enhanced EcoVadis assessment scores.

"We are deeply honoured to receive this distinguished award from The Asset," stated Rajendra Shreemal, Chief Financial Officer, Quest Global. "This recognition underscores our unwavering commitment to sustainability in our business and financial strategy. Our collaboration with ING has been pivotal in crafting a sustainable financing solution. We would like to extend our gratitude to ING for their expertise in structuring this deal and identifying a sustainability-linked loan opportunity with our banking partners."

"We’re proud to showcase ING’s structuring expertise through innovative solutions like this sustainability-linked loan. It underscores our commitment to supporting clients across sectors, including engineering services, in embedding sustainability into their core strategies. We’re honoured that this collaboration is being recognised as a benchmark for impactful financing in the region,” said Michelle Kong, Head of Sector Coverage for ING Asia Pacific.

The Asset Triple A Awards for Sustainable Finance recognize organizations across Asia that actively contribute to and exemplify the burgeoning landscape of sustainable finance. The "Best Deals for Sustainable Finance" category, nominated by participating banks, recognizes transactions that champion sustainable finance across diverse financial instruments, with a focus on their environmental and social contributions as defined by the 17 UN Sustainable Development Goals.

With this prestigious award, Quest Global and ING reaffirm their commitment to leading the way in sustainable finance and driving positive change within the engineering services industry.

ChrysCapital, True North Managers and Others Buy Minority Stake in QuEST Global

ChrysCapital, True North Managers LLP, and other Institutional Investors invest a total of approximately US $150 million in the company

Bengaluru, Aug 23, 2021: QuEST Global, a global product engineering and lifecycle services company, announced that leading global investors - ChrysCapital, True North Managers LLP, and other institutional investors – have invested a total of approximately US $150 million to purchase minority stakes in the Company. The investors have completed the purchase of a portion of the shares held by the co-founders and management team of QuEST. The existing investors - Bain Capital, Advent, and GIC, continue to remain invested. O3 Capital acted as the sole financial advisor to the transaction.

Commenting on the investment in QuEST, Sudip Nandy, Sr. Advisor. Enhancin, ChrysCapital, said, “ChrysCapital has a strong track record of over 20 investments in the Technology Services sector, which has been an integral part of our portfolio across funds. QuEST is one of the leading players in the engineering services space and has consistently outperformed its peers and demonstrated the ability to scale accounts in a fragmented industry, by becoming the core engineering partner to most of the top global firms across its target industry verticals. We are excited to back Ajit and the executive team at QuEST and look forward to working with them on the journey ahead."

"QuEST is one of the top five players in the pure-play ER&D space and has built unique and deep expertise in an industry that is undergoing unprecedented digital disruption. As a leader in the engineering services space, QuEST has been offering strategic services to its customers rather than just a scale or merely cost differential. We were very impressed by the depth of engineering expertise and the diverse industries and emerging technologies in which QuEST is helping customers. We believe the ER&D space will continue to see significant growth and innovation in the years ahead, and we look forward to working with QuEST’s management team to capture these opportunities." said Prasad Thrikutam – Partner, True North.

Ajit Prabhu, Chairman & CEO, QuEST Global, said, “We started QuEST with the vision of becoming the most recognized and trusted global engineering partner for our customers across industries. 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. It also crystallizes the value we have created for our shareholders and employees who have placed their belief in us and partnered with us in this journey."

Ajit further added that as the industrial world bounces back into pre-pandemic days, enterprises would need help from companies like QuEST – to bridge the gap between the industrial and digital world - and rebuild the lost traction. “Our focus will be to develop capabilities in hi-tech, software, digital segments along with other industries and help our customers solve their engineering challenges,” he said.

With the pandemic accelerating digital transformation across industries, enterprises are investing heavily in digital solutions to lead and take advantage of this wave of software product engineering. Being a trusted thinking partner to its customers, QuEST has been helping solve some of the toughest problems they face by creating new products, opening new market opportunities, and maximizing efficiency. The company also provides an opportunity to its employees to learn and grow without limitations, develop expertise, collectively achieve aspirations and experience a rewarding journey.

About QuEST Global

For more than 20 years, QuEST Global has been a trusted global product engineering and lifecycle services partner to many of the world’s most recognized companies in the Aerospace & Defense, Automotive, Energy, Hi-Tech, Medical Devices, Rail, and Semiconductor industries. With a presence in 13 countries, 54 global delivery centers, and 11,250+ personnel, QuEST Global is at the forefront of the convergence of the mechanical, electronics, software, and digital engineering innovations to engineer solutions for a safer, cleaner, and sustainable world. QuEST Global’s deep domain knowledge and digital expertise help its clients accelerate product development and innovation cycles, create alternate revenue streams, enhance consumer experience and make manufacturing processes and operations more efficient.

NASSCOM Recognizes QuEST Global’s Sindhu Ramachandran as a Woman Role Model in ER&D

The award recognizes women in positions of technical leadership who serve as a role model for the entire ER&D ecosystem

Bengaluru, July 05, 2021 – QuEST Global, a global product engineering and lifecycle services company, today announced that Sindhu Ramachandran, General Manager with the company, has been recognized as ‘Woman Role Model in ER&D’ in the ESP segment at the NASSCOM Engineering & Innovation Excellence Awards, 2021. The award recognizes women in positions of technical leadership who serve as a role-model for their organization and the entire ER&D ecosystem.

Speaking on the development, Sindhu Ramachandran, said, "I am delighted to be recognized as a Woman Role Model in ER&D by NASSCOM. Apart from recognizing my effort, this award is an endorsement of the best-in-class services we provide to global clients from India as a team. This award reflects NASSCOM’s commitment towards increasing opportunities for women in Engineering and will inspire women to join the sector. I would also like to thank QuEST for giving me opportunities to create impact for customers globally."

Sindhu completed her B.Tech. in Computer Science & Engineering from College of Engineering, Trivandrum, and M.Tech. from University of Kerala and joined QuEST Global in 2008. She was interested to work in medical image processing, which motivated her to join QuEST Global. She has been working on projects involving the implementation of image processing algorithms and their optimization, medical imaging, and other such areas. Her experience in image processing and computer vision made her transition to the execution of AI projects easier and faster. As the relevance of AI increased, Sindhu successfully was able to marry industrial technologies with AI to add pertinent value to the various customers across industries. She conceptualized and positioned AI technologies as a strategic differentiator with the potential to scale across industries.

Currently, she leads the Artificial Intelligence (AI) Center of Excellence at QuEST Global. Sindhu makes QuEST an AI-aware organization internally by conceptualizing the competency framework for AI-related technologies and identifying the skills, competencies, and levels of expertise to be mapped to organizational roles.

"ER&D has become one of the fastest-growing segments in India as the country emerges as an engineering and design hub for automobiles, aerospace, consumer electronics, machinery, and semiconductors. Women generally bring diverse sets of experiences and will play a crucial role in the growth of the sector. Women leaders such as Sindhu are setting new benchmarks in the sector. I want to congratulate her and all the other awardees for their contributions to the Indian ER&D industry," said K S Viswanathan, Vice President, Industry Initiatives, NASSCOM.

"We are very proud of Sindhu’s contributions to the ER&D sector. Her ability to solve complex engineering challenges and drive innovation within the company had led to a positive impact for many of our customers. This recognition acts as an inspiration for more women to join the ER&D sector and take it to new heights. At QuEST, we pride ourselves in being a boundary-less organization and have an innovation-friendly atmosphere that has encouraged many amazing women in engineering to become role models in the last two decades. We will continue to provide a productive workplace to women across engineering streams," added Shrikant Naik, Global Delivery Head, QuEST Global.

The first edition of NASSCOM Engineering & Innovation Excellence Awards in 2021 recognized and felicitated the stellar performances of the Indian ER&D industry. These awards included key themes such as Futuristic Innovation, Inspirational Leadership, and Technical Prowess to showcase breakthrough solutions, honor disruptive leaders and recognize technical capabilities among Indian enterprises, respectively.

Two-wheeler Servicing Platform LetsService Gets Angel Funding

Bangalore-based LetsService Automotive Technologies Pvt. Ltd. backed LetsService, an on-demand marketplace and booking platform for two-wheeler servicing, has raised angel funding from QuEST Global chief operating officer Ajay Prabhu and Julia Computing Inc. co-founder Deepak Vinchhi.

The startup said, "The funding was raised earlier this year, will be used to build technology, streamline operations and upgrade its app." The funding amount is still undisclosed by the company.

It is also in an advanced stage of talks with investors for its pre-Series A round of funding and expect to raise it by the end of next month. The startup, which offers its services in Bangalore currently, has also set up its services in Mumbai and Pune recently.

Founded in October 2015 by Sachin Shenoy, Girish Gangadhar and Sachin Radder, LetsService helps motorcyclists get their 2 wheelers serviced at authorized service centers sitting at home or office.

The customer can track his bike through the day with intuitive alerts and notifications. Recently, the startup partnered with Quikr to provide convenience to two-wheeler owners on QuikrServices in Bangalore. The firm charges a convenience fee of Rs 300-400 from customers based on location. It also gets a referral fee of Rs 100-150 per service from the authorised service centres.

LetsService, which has tied up with around 100 service centres of different two-wheeler brands in Bangalore, claims to have served 10,000 customers so far.

“We are growing at 70% month-on-month and have a run rate of 3500 transactions per month currently,” the startup added.

Other players operating in this space are DrivoJoy, MotorExpert, Bumper and Cartisan. In March 2016, Bangalore-based on-demand two-wheeler servicing startup DrivoJoy raised an undisclosed amount of investment from Indian Angel Network (IAN) and a clutch of others. In December 2015, Bangalore-based Bumper, a mobile marketplace and booking platform for car servicing, secured $500,000 in seed funding from venture capital firm SAIF Partners. And in July 2015, Bangalore-based automotive services marketplace Cartisan raised an undisclosed amount in seed funding from Global Founders Capital, Yuvraj Singh’s YouWeCan Ventures, TaxiForSure founder Aprameya Radhakrishna and others.

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