Quest Global, the engineering services company backed by Carlyle Group, has hired investment banks to manage a Mumbai IPO that could raise up to $1 billion. The company’s valuation is estimated at approximately $4.6 billion, a significant increase from $1.8 billion in 2023. Revenue reached approximately $652 million in 2026, demonstrating its strong financial foundation. With around 23,000 employees across more than 20 countries, Quest Global serves diverse sectors including aerospace, automotive, energy, and defense. The IPO is expected within a 12-to-18-month window, placing the listing between early and late 2027.
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