PRESS RELEASE: QUANTUM EQUITY ADVISORS LAUNCHES USD 500 MILLION
PRIVATE EQUITY FUND WITH AN INFRASTRUCTURE FOCUS.

Quantum Equity Advisors (QEA) has announced its launch of a US$ 500 million private equity fund - The Q India Fund - focused on investments in infrastructure-related projects and companies in India. QEA is a partnership between Nasser Munjee (Executive Chairman), Satish Mehta (Managing Director & Chief Executive Officer) and Ajit Dayal of the Quantum Group. Munjee and Mehta will lead the investment team at QEA.

Over the past five years, India has invested USD 220 billion in infrastructure. In the next 5 years, there are plans to invest USD 500 billion in infrastructure-related projects of which 30% is expected to come from the private sector. This investment gap has created a tremendous opportunity for private equity to fuel growth in the infrastructure segment over the coming years. In addition, the uncertainty born of a volatile stock market and weakening global economics has driven companies that would have ordinarily chosen to fund their expansion plans with Initial Public Offerings into the arms of long term private equity players.

Munjee and Mehta were the first few employees at Housing Development Finance Corporation (HDFC) which was established in 1977. HDFC has grown from a start-up into a company with a balance sheet of USD 16 billion. Furthermore, through years of exceptional management, HDFC commands immense goodwill both in India & internationally. Munjee and Mehta have worked together as part of HDFC's core management team for 19 years.

While at HDFC, Munjee helped conceptualize and create Infrastructure Development Finance Company (IDFC) and was its Managing Director until 2005. Munjee has played a pioneering role in the development of infrastructure finance in India. The shareholders of IDFC included International Finance Corporation, Asian Development Bank, and many well known local financial institutions and banks. IDFC's balance sheet has grown to USD 6.5 billion.

During his time at HDFC, Mehta helped conceptualize and create India's first credit information bureau: Credit Information Bureau (India) Limited (CIBIL). The shareholders of CIBIL include HDFC, most of the leading international and local banks in India, Dun & Bradstreet, and TransUnion. CIBIL now with 100 million consumer credit files in its database has played an integral role helping banking and financial institutions in streamlining credit appraisal processes and avoiding loan delinquencies in India. Mehta was the founding Managing Director of CIBIL from 2001 to 2005.

Ajit Dayal, who has built the Quantum Group from its inception in 1990 has 24 years of experience in value investing. Dayal has served as Deputy Chief Investment Officer (2000-2004) with Hansberger Global Investors, Inc. with US$ 5 billion of assets and was the lead manager on the USD 2 billion Vanguard International Value Fund as well as lead manager on a USD 300 million pension account.

Nasser Munjee	Satish Mehta	Ajit Dayal

For further details please contact Satish Mehta at:
E-mail: Satish@QEAIndia.com
Mobile Phone: +91 98201 23560