Copal Partners Doubles Delhi Operation; Investment Research Firm Boosts Delhi Knowledge Process Outsourcing Site to 175 People, Plans Further Expansion.

LONDON -- Copal Partners, an investment research and analytics firm providing services to US and European financial institutions, has expanded its Delhi operation to 175 professionals and plans for it to reach 225 by year end.

"We're pleased to continue our expansion and proud that our clients are fully satisfied with our research and focus on quality. Our growth acts as a testimony to the Knowledge Process Outsourcing industry," said Rishi Khosla, co-founder and chief executive of Copal Partners. "The Delhi operation has almost doubled in size in the past several months and we are confident that we'll grow to become 400 professionals by the end of 2006."

Copal's revenue continues to rise 5 to 10 percent on a month-to-month basis and the company earlier this week announced a groundbreaking partnership with Reuters to provide bulge bracket banks and other financial institutions with customized financial models on companies globally. The agreement combines Copal's customized financial research and analytics with Reuters Fundamentals and database technology, enabling investment research departments to increase stock coverage and therefore provide more comprehensive industry and regional reports for their clients.

Founded in 2001, Copal Partners has offices in New York and London, in addition to its Delhi research operation. The firm provides company and sector research to its clients, which include investment banks, hedge funds, private equity firms and private and public corporations. Copal was formed by professionals with experience at McKinsey & Co., Citigroup, and GE Capital. The company employs MBAs and Chartered Accountants who work hand-in-hand with the in-house client teams at financial institutions.

For further information on Copal Partners please contact: [e-mail]