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Balaji Yellavalli to Drive QBurst’s Growth Strategy

April 25, 2025

Multiples Alternate Asset Management (Multiples) brings in Balaji Yellavalli as Senior Operating Advisor, who is deputed to join the QBurst leadership team.  

As Chief Growth & Strategy Officer–North America, Balaji will focus on go-to-market, account management, and operational efficiencies. Balaji’s announcement comes on the heels of Multiples acquiring a controlling stake in QBurst through an investment of approximately USD 200 million. Last week, QBurst also welcomed Arun Kumar Ramchandran (‘Rak’) as its new Chief Executive Officer. 

Balaji brings over 25 years of experience in leading high-growth business units of global consulting and technology firms, including HCLTech, Infosys, and Kyndryl. His expertise spans multiple domains, including Sales, Large Deals, Consulting, Application Services, Business Process Management, and Infrastructure Services delivery. He has spearheaded major pursuits across Banking & Financial Services, Retail, CPG and Hi-Tech clients across North America & Europe. 

Over time, Balaji will also leverage his operating expertise to strategic value creation initiatives across various Multiples’ portfolio companies in the Enterprise Technology space. 

Commenting on his appointment, Balaji said, “I am excited to join the Multiples family as a Senior Operating Advisor and play an instrumental role in shaping the journey at QBurst. QBurst has carved a niche for itself in the fast-evolving technology consulting and software engineering industry. I look forward to partnering with Rak and the QBurst team to deliver even greater value to our clients and stakeholders.”

Arun Kumar Ramchandran (‘Rak’), CEO of QBurst, said, “I am delighted to work with the wonderful talent the founders at QBurst have cultivated over the years. I am excited to welcome Balaji, who will lead our US sales function as well as support me in driving strategic initiatives globally. Balaji’s experience and expertise will meaningfully deepen our go-to-market function. QBurst is on the path to building an AI-first digital engineering company and will continue to invest leadership talent in the near future.”

Renuka Ramnath, Founder & CEO of Multiples and Manish Gaur, MD of Multiples, said, “Balaji’s deep understanding of technology, strong client relationships, and proven execution track record make him instrumental in QBurst’s scaling efforts into a global digital engineering powerhouse. Over the next 5 years, as Multiples deepens its presence in the Enterprise Technology space, targeting to invest over USD 2 billion in the sector, we will continue to bring significant operating talent to work in tandem with the investing team to drive value creation initiatives in our portfolio companies.”

Balaji is based out of the San Francisco Bay Area, California. He holds an MBA from the Indian Institute of Management, Lucknow, and a B.Tech from the Indian Institute of Technology, Madras.

About QBurst 

QBurst is a global product development and consulting company with over 20 years of experience. Founded in 2004, QBurst has a presence in 21 cities across 11 countries and employs 3500+ professionals globally. QBurst serves a diverse, worldwide clientele across a broad range of industries, offering comprehensive digital solutions. QBurst capabilities span a wide spectrum of digital solutions, encompassing cloud enablement, data and AI development, digitalization services (including mobility, CRM, and enterprise solutions), end-to-end product development leveraging microservices architecture, DevOps, and cybersecurity best practices, digital marketing strategies, and SaaS implementations. QBurst maintains strategic and technology partnerships with industry majors such as Microsoft, Amazon, Salesforce, Google, Adobe and Strapi to deliver value-added services to our global client base. QBurst has been recognized by industry analysts such as Deloitte, Dun & Bradstreet, Statista, Economic Times, and Financial Times as one of the fastest-growing technology companies in India and the Asia Pacific.

About Multiples Alternate Asset Management 

Multiples is India’s leading Alternate Asset Management company, distinguished by its long and successful experience of partnering with entrepreneurs. Multiples has backed 35 enterprises to build aspirational, distinctive, and responsible businesses. Multiples identifies opportunities that benefit from big shifts in its chosen sectors and partners with exceptional entrepreneurs and management teams in creating transformational growth.

Multiples focuses on core sectors of financial services, pharma & healthcare, consumer and technology, and more recently, the green economy. Some of Multiples’ distinctive investment partnerships include ACKO, Delhivery, Dream Sports, Encube, India Energy Exchange, Kogta Financial, Licious, Milltec, MoEngage, PVR, Quantiphi, TI Clean Mobility, Vastu Housing Finance, and Zenex.