ChrysCapital, True North, and other global private equity companies have invested $150 million in QuEST Global for a minority position in the engineering solutions company. The investors bought a piece of QuEST's cofounders' and management team's stock, the business announced on Monday.

Existing investors Bain Capital, Advent and GIC remain invested in the company, it added. "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," said Ajit Prabhu, chairman and CEO of QuEST Global.

QuEST employs around 11,000 individuals worldwide, with 7,000 of them working in India's nine centres.

QuEST Global, founded in 1997 is a product engineering firm that specialises in the verticals of Aero Engines, Aerospace & Defense, Hi-Tech & Industrial, Medical Devices, Oil & Gas, Power, and Transportation. The company was created in 1997 and employs 12800 people in 15 countries, including the United States, Canada, Singapore, the United Kingdom, Germany, Italy, Spain, France, Sweden, Romania, Japan, and India. In June 2016, QuEST Global opened a regional operations office in Tokyo, bringing the total number of employees in Japan to 200.