Clutch Group Recognized for Outstanding Growth
Ranked 68th in Companies Honored for Accelerated Growth at the 10th Annual Aggie 100 Event.
COLLEGE STATION, TX –October 17, 2014 – Washington D.C. based Clutch Group positively impact the economy with outstanding growth and determination. The company was recognized Friday, October 17th as one of the fastest growing Aggie-owned or Aggie-led businesses in the world. Founder and CEO, Abhi Shah, earned a Bachelor of Business Administration in Marketing from Texas A&M University.
The firm ranked 68th at the 10th Annual Aggie100 Luncheon held at the Memorial Student Center at Texas A&M University. The firm experienced a compound annual revenue growth rate of 40.4% from 2011 through 2013.
“Over the past 10 years, Aggie honorees have demonstrated that the core values developed at our great university continue to play a significant role in their success,” said Dr. Richard Lester, Executive Director of the Mays Business School’s Center for New Ventures and Entrepreneurship. “As we reflect on the past decade of the Aggie 100, it is apparent that the 1000 Aggie leaders who have been honored continuously strive for excellence and have proven that solid business ideas, strong character, dedication, and hard work pay off.”
About the Aggie 100
The Aggie 100, the first of its kind at the college level, was created by the Center for New Ventures and Entrepreneurship in Texas A&M University’s Mays Business School, whose mission is to provide encouragement, education, networking and assistance to entrepreneurially-minded students, faculty and Texas businesses. The Aggie 100 is a unique way for Texas A&M University to demonstrate its pride in the accomplishments of its former students while enriching the educational experience for today’s students
While there are many ways to define business success, the Aggie 100 focuses on growth as an indicator of job creation, product acceptance, and entrepreneurial vision. The Aggie 100 identifies, recognizes, and celebrates the 100 fastest growing Aggie-owned or Aggie-led businesses in the world.
To qqalify, companies were required to meet the following criteria:
- In business for 5 years or more as of June 30, 2014,
- Verifiable revenues of $250,000 or more for calendar year 2011, and
- Operations consistent with the Aggie Code of Honor.
- Additionally, the company must meet one of the following leadership criteria:
- A Texas A&M University former student or group of former students must have owned 50% or more of the company from January 1, 2011 through December 31, 2013,
- A Texas A&M University former student must have served as the company’s chief executive (for example chairman, CEO, president or managing partner) from January 1, 2011 through December 31, 2013, or
- A Texas A&M University former student must have founded the company and been active as a member of its most senior management team from January 1, 2011 through December 31, 2013.
About The Center for New Ventures and Entrepreneurship
The Texas A&M Center for New Ventures and Entrepreneurship provides encouragement, education, networking, and assistance to entrepreneurially-minded students, faculty, and Texas businesses. Founded in 1999, the Center is part of Mays Business School’s Department of Management. The Center enhances student education through campus speakers, competitions, work experiences, and financial support. The Texas A&M faculty and Office of Technology Commercialization also benefit from the Center’s educational programs, extensive business community network, and the entrepreneurial services.
The Center reaches the state’s business community through educational programs, business assistance, and access to University resources. The Center receives financial support from corporations, individuals, and sponsors who believe in the value of entrepreneurial education and the value of Texas businesses working with a world-class university.
The entire 2014 Aggie 100 list in its entirety can be viewed athttp://www.aggie100.com.
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