Magistral Consulting, an India-based specialist financial research outsourcing firm, has opened sales office in New York and San Francisco.
Founded in 2018, Magistral Consulting offers consulting, research, and analytics services to clients in investment banking, private equity, venture capital, asset management, and real estate.
The firm’s offerings include investment analysis, strategy and research support for portfolio management, fund strategy, due diligence, M&A advisory, and deal sourcing.
Magistral’s team of more than 50 analysts in Gurgaon, India work as extended support for onshore teams, providing on-demand analyst capacity at reasonable rates. The firm recently worked on a $300 million investment decision for a hedge fund client, and has provided due diligence on numerous large foreign direct investment deals in India.
The company has seen blistering demand for its services, with 30% month-over-month growth and an expanding client roster of more than 100 firms globally.
Magistral says that much of its growth last year came from the US, UK, and Europe. This prompted the company to launch sales offices in San Francisco, New York, London, and Oslo. Magistral also has a sales office in Singapore, while its delivery center remains in Gurgaon.
“Our differentiator has been our quality for years now,” said Prabhash Choudhary, CEO of Magistral Consulting. “As a leader, my job is to make sure the quality that the Magistral team delivers is top-notch and can be compared with the best out there. Growth and profitability are just a certain byproduct of delivering consistent quality.”
Choudhary is a corporate strategy and operations professional with more than 15 years of experience. He was previously the head of research and data at News Corp and an associate director at analytics firm Crisil. Before that, Choudhary was a management consulting manager at Accenture, where he worked on strategy, operations, and supply chain projects. He was also previously a senior consultant in the strategy and operations practice of Deloitte Consulting, and a project manager at Renoir Consulting.
Magistral is currently targeting tenfold revenue growth in the next year. The firm plans to hire approximately 30 management trainees from MBA campuses in India between now and 2021.