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Ludhiana based NRI businessman makes it big!
Niraj Goel, a self made NRI businessman from Ludhiana, has made it big in the technology business.
The company Clone Algo Inc is now valued at a staggering $11 billion. Mr. Goel controls a majority stake in the company, which essentially means that he is among the richest Indians! Besides the artificial intelligence based algorithms, the company also makes industry specific eco-systems as well. The applications from the company help the users in transacting safely and earn pretty good rewards.
In addition to the above, the services of the company include the following:
· Risk Management System.
· Trading Floor, Prop and Asset Manager Solutions.
· Hedge Funds.
· ECN Liquidity.
Clone Algo Inc. has a number of subsidiaries that include Dragon Holdings AG, Algo Markets and Clone Algo India. While Dragon Holdings AG caters to the client base in Germany and rest of Europe, the operations of Algo Markets are focused on New Zealand based consumers. Clone Algo India supports the operations of the group with a team based in Chandigarh. The top management of the company includes seasoned professionals in the banking and finance sectors such as Nitin Damodaran, Nakul Gupta, Paul Kuoch and Ravi Ramakrishna.
The company Dragon Holdings was listed on Berlin Börse on 8th April 2013 (Open Market Segment). The Clone Algo application is available on the Android platform as of now.
Page Updated Last on: Jun 06, 2014