Four Indian-American Owned Firms Named Largest Private Companies in Massachusetts

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Bharat Talwar

BOSTON—Four companies owned and managed by Indian-Americans are ranked in the largest private companies (by total revenue) in Massachusetts for 2016. The list was released late last month by Boston Business Journal.

Girish Navani

The four Indian-American-owned companies are: eClinicalWorks (2016 revenue: $444.17 million); TalentBurst Inc. ($60.2 million); Leader Bank NA ($56.56 million); and Aqueduct Technologies, Inc. ($34.57 million).

eClinical, founded and headed by Girish Navani, was ranked 26th largest private companies in Massachusetts. It was followed by TalentBurst, co-founded by Bharat Talwar, ranked at #79. Leader Bank, founded by Sushil Tuli, ranked #81, and Aqueduct Technologies (led by Manak Ahluwalia) ranked #99.

Bharat Talwar
Leader Bank Founder and CEO Sushil Tuli

The top five companies in the list of 100 largest private companies are: Massachusetts Mutual Life Insurance Company ($29 billion), Fidelity Investments ($15.9 billion); Demoulas Super Markets Inc. ($4.8 billion), The Kraft Group ($4.4 billion), and Bose Corp. ($3.8 billion).  Bose Corp. was founded by the late Amar Bose, who was also Indian-American.

Founded in 1999, eClinicalWorks is a leading cloud-based Electronic Health Record (EHR) in the industry, with over 115,000 providers and 800,000 medical professionals using its technology.

TalentBurst is a leading provider of contract Information Technology, Engineering, SaaS, Bio-Pharma, Accounting & Finance, Marketing, Utility and Compliance staffing solutions to over 65 Fortune 1000 corporations. The firm has

Manak Ahluwalia

branch locations in Boston, San Francisco, Miami, and international offices in Toronto, Canada and Gurgaon, India. INC. Magazine, Staffing Industry Analyst (SIA), Boston Business Journal and Div500 have consistently ranked it amongst the fastest growing privately held business in the US.

Leader Bank, which is ranked as one of the top residential lenders in Massachusetts, closed $2.8 billion of residential loans in 2016. Founded in 2002, Leader Bank is a nationally-chartered community bank with nearly $1.1 billion in assets and is headquartered in Arlington, MA.

Aqueduct Technologies, headquartered in Waltham, MA, is a solutions provider of critical applications whether they are deployed on the private, public, or hybrid cloud.

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