Investor services group IQ-EQ has expanded its India operations with an office in India’s Gujarat International Finance Tec-City (GIFT City).
Atul Muchala, managing director for India, will lead both the new location and the company’s existing Mumbai office, which provides fund administration to domestic clients.
Having received a licence to operate in GIFT City, IQ-EQ can now deliver administration, compliance and corporate secretarial services to alternative investment funds and other structures domiciled in the city.
IQ-EQ has more than 30 years of experience in providing international support for India-based clients, and over300 employees based in the country.
Commenting on the expansion, Muchala says: “With GIFT City performing as India’s international investment gateway, our new office presents an opportunity to service the Indian asset management and investment community for both their inbound and outbound investments, as well as for global entities to invest in India using GIFT structures. We hope to be a significant contributor to [GIFT City’s] burgeoning ecosystem.”
Sridhar Nagarajan, regional managing director for Africa, India and the Middle East, states: “The launch of our GIFT City business marks the continuation of an exciting growth journey in the AIME region, following the opening of our Dubai and Abu Dhabi offices last year.
“Our ambition now is to continue growing our presence in the buoyant Indian market, cementing IQ-EQ as a leading investor services provider in the world’s fifth-largest and fastest-growing major economy.”
.jpg)