Stories
Stories
Upstart Startup
In 1999, Wall Street bankers Randy Altschuler (MBA ’98) and Joseph Sigelman (MBA ’97) founded OfficeTiger in Madras, India, to serve as an outsourcing shop to perform secretarial services for Wall Street financial firms. Today, the company has five Indian operations, employs 1,500 people, specializes in sophisticated financial analyses, and expects revenues of $100 million this year, according to Business Week (July 11, 2005).
In the beginning, “No one thought it was a viable idea, but we decided to do it ourselves anyway,” said Sigelman, who lives in Madras, while Altschuler does the rainmaking in New York. The company is a committed meritocracy, which can be distinctive in the Indian setting. “We have the best people, be they from the Brahmin caste or the lowest ‘untouchable’ caste,” Sigelman noted. He added that, looking beyond its own humble origins, “We’d like OfficeTiger to be a professional-services firm and outgrow being an entrepreneurial back-office venture.”
Post a Comment
Related Stories
-
- 15 Mar 2024
- Making A Difference
Hungry for Change
Re: Laurel Flynn (MBA 2012) -
- 01 Mar 2024
- HBS Alumni Bulletin
Game On
Re: Brian McCarthy (MBA 1972); By: Jen McFarland Flint; photographed by Edward Linsmier -
- 01 Mar 2024
- HBS Alumni Bulletin
Come Sail Away
Re: Michael Sard (MBA 2018); By: Julia Hanna -
- 01 Mar 2024
- HBS Alumni Bulletin
Action Plan: Wild at Heart
Re: Heather Evans (MBA 1983); By: Christine Speer Lejeune