Case History trees Claris Life Sciences in 1999, which was founded in 2007. Claris is the second business venture Sushil Handa, whose first company achieved annual growth rate of 80% for 8 years and over 300 million market capitalization before encountered serious financial problems and had to be sold. The case describes how Sushil Handa explicitly incorporates the lessons learned from its first foray into the strategy and operations of Claris, and is growing at a CAGR of 40% between 2000 and 2006. It has set an ambitious goal of reaching $ 1 billion in revenue for 2012, and faces challenges on a number of different areas of success: recruiting, developing and retaining talent management, new product development, the compliance and financial management.
Date Posted: February 13, 2008. Prod #: IES194-PDF-ENG
Solution Claris Lifesciences Ltd case