Indian Research Outsourcer Plans Big Staff Expansion

By Jessica Papini , Wall Street Letter

Copal Partners, a global researcher, expects to boost its staff of 175 analysts in New Delhi to 225 by year end, as demand has picked-up. “The Delhi operation has almost doubled in size in the past several months and…well grow to become 400 analysts by the end of 2006,” said Rishi Khosla, co-founder and CEO. Copal outsources research from India to U.S. financial institutions.

The company, which was founded in 2001 by former Goldman Sachs, JPMorgan, GE Capital and McKinsey & Co. executives, recently signed a deal to get raw data from Reuters, which it will then analyze and customize into a combined product. Copal has offices in New York and London, but its research ops are based in New Delhi.