“Our new office presents an exciting opportunity to service the Indian asset management and investment community for both their inbound and outbound investments,” said Atul Muchhala, managing director for IQ-EQ’s operations in Gift City and Mumbai, reflecting on the launch of its new office in Gift City. Photo: IQ-EQ

“Our new office presents an exciting opportunity to service the Indian asset management and investment community for both their inbound and outbound investments,” said Atul Muchhala, managing director for IQ-EQ’s operations in Gift City and Mumbai, reflecting on the launch of its new office in Gift City. Photo: IQ-EQ

IQ-EQ has expanded its global footprint by opening a new office in Gift City, India, aiming to bolster its fund administration and corporate services business in the country’s first smart financial hub.

The Luxembourg-headquartered investment fund services firm IQ-EQ has expanded its operations to the Gujarat International Finance Tec-City (Gift City), India’s inaugural ‘smart city’, bolstering its business strategy in India. The city is notable for housing India’s global bullion exchange and its first ‘international financial services centre’, featuring internationally aligned regulations, taxation and policies.

The opening of IQ-EQ’s fourth office in the country, on Tuesday 13 February, signifies the firm’s commitment to the Indian market, complementing its existing fund administration services provided from Mumbai, said IQ-EQ. With over three decades of international experience supporting India-based clients, IQ-EQ’s presence in Gift City is poised to further bolster its service offerings, particularly in fund administration, compliance and corporate secretarial services tailored for alternative investment funds and other structures within Gift City’s IFSC.

Atul Muchhala, managing director for IQ-EQ’s operations in Gift City and Mumbai, expressed optimism about the new office’s role in facilitating both inbound and outbound investments for the Indian asset management and investment sectors. This expansion is seen as a strategic move to tap into the opportunities presented by Gift City as India’s international investment gateway.

Sridhar Nagarajan, regional managing director for Africa, India and the Middle East at IQ-EQ, highlighted the company’s robust growth trajectory in the region.

IQ-EQ has a workforce of 300 employees across four locations in India, with operations in Mumbai and Gift City catering to the domestic market, while its teams in Noida and Hyderabad support IQ-EQ’s global offices. Following the establishment of offices in the and Abu Dhabi, the launch in Gift City is part of IQ-EQ’s broader expansion strategy in the AIME region, said Nagarajan.

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