The PE-backed firm is looking to set up 9,000 ATMs within three years with the first 100 coming up this month itself.
The firm counts names like Baring India PE, WestBridge Capital and India Equity Partners as shareholders.
Moelis & Co was founded in 2007 by investment banker Ken Moelis, former president of UBS Investment Bank.
Overseas investors have bought heavily into India as a sharply narrowing current account deficit and a more stable rupee have increased confidence.
Some PE firms are also looking at innovative exit strategies for their past investments.
It is indeed a great success story with smart initiatives.
Dear Sir, Yes it is absolutely correct that MCA is creating confusion instead bringing clarity and overmore this is...
Like your rather 'simplistic' analysis- had been looking forward to it since the deal announcement.
Tatas need to shed this non performing asset which in no way adding to TATAs brand