Leading professional services firm, Deloitte has announced the 50 fastest-growing Indian companies in the Technology, Media & Telecom (TMT) space.
FatPipe Networks India Limited, with a spectacular growth of 1765% over the last 3 years, was ranked as the fastest growing company at the annual Technology Fast 50 India 2010 program. Ad2Pro Media Solutions Private Limited was ranked second with revenue growth of 1649%. Third position was secured by iYogi Technical Services Private Limited with a growth rate of 1438%.
The Deloitte Technology Fast 50 India 2010 Programme conducted by Deloitte Touche Tohmatsu India , now in its sixth year, ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years. The eligible companies are required to have their headquarters in India.
“It’s a positive sign that the top three companies this year have performed better than the toppers of the previous year. The optimistic approach of the companies has enabled them to achieve remarkable levels of revenue growth despite challenging industry conditions prevalent in the TMT sector,” said P. N. Sudarshan, Senior Director, DTTIPL.
Like last year, the Software segment continues to be the top contributor but Internet and Media & Entertainment sectors have emerged as key sectors which have exhibited impressive growth compared to the previous year. With the customers globally moving towards collaboration and infrastructure light models, a new breed of technology providers empowered by web2.0 & cloud-based services and 3G applications is emerging as a force to reckon with in India as well.
The top three companies saw an average growth rate of 1617% over the last three years.
Despite competitive conditions all round for industry players across India, the 50 companies in the list have managed to achieve an average revenue growth rate of 296% over the last three years. However, the number of larger corporations from the winners list this year has dramatically dropped to 26%, whereas it was 44% last year. Mid-size companies have been the best performers as their share in the list has doubled to 16% this year from 8% last year. This is a clear indicator that there is enough room left for growth among the India-based technology providers and we have barely scratched the surface of the market, says Deloitte.
The Deloitte 50
1 Fatpipe Networks India Limited 1765%Telecommunications/Networking 2 Ad2pro Media Solutions Private Limited 1649% Media and Entertainment
3 iYogi Technical Services Private Limited 1438%Computers/Peripherals
4 Pilani Soft Labs Private Limited 1025% Internet
5 Vriti Infocom Private Limited 687% Internet
6 Nexsus Techno Solutions Private Limited 433% Software
7 Nitor Infotech Private Limited 420% Software
8 Mobien Technologies Private Limited 416% Software
9 I-Create Software India Pvt Ltd. 400% Software
10 Kuliza Technologies Private Limited 361% Software
11 IDenizen Smartware Private Limited 353% Software
12 PK Online Ventures Pvt. Ltd. 310% Media and Entertainment
13 SMS Country Networks Private Limited 292% Software
14 UFO Moviez India Limited 278% Media and Entertainment
15 ZNet Technologies Pvt.Ltd. 268% Internet
16 Quick Heal Technologies Private Limited 244% Software
17 Nazara Technologies Private Limited 227% Software
18 Manipal Universal Learning Private Limited 221% Software
19 INDIAIDEAS.COM LIMITED 185% Internet
20 Fin-e-ssential Infotech India Limited 181% Software
21 Sai Infosystem (India) Ltd. 181% Software
22 Paladion Networks Pvt Ltd 179% Software
23 Eka Software Solutions Private Limited 175% Software
24 ValueMomentum Software Services Private Limited 171% Software
25 NextBiT Computing Private Limited 169% Semiconductor, Components and Electronics
26 Diksha Technologies Pvt Ltd 164% Software
27 Seclore Technology Private Limited 162% Software
28 Optra Systems Private Limited 158% Biotechnology/Pharmaceutical/Medical Equipment
29 G-Cube Webwide Software (P) Ltd. 153% Software
30 Manthan Software Services Private Limited 143% Software
31 Ninestars Information Technologies Limited 139% Media and Entertainment
32 Glodyne Technoserve Limited 134% Software
33 RateGain IT Solutions Private Limited 117% Software
34 LatentView Analytics Private Limited 116% Software
35 CresTech Software Systems Private Limited 107% Software
36 3i Infotech Limited 103% Software
37 Geodesic Limited. 101% Software
38 Anantara Solutions Private Limited 101% Software
39 Strand Life Sciences Private Limited 100% Biotechnology/Pharmaceutical/Medical Equipment
40 Quality Engineering and Software Technologies Private Limited 98% Software
41 IMI Mobile Private Limited 98% Software
42 ValueFirst Messaging Private Limited 97% Software
43 AurionPro Solutions Limited 91% Software
44 Camson Bio Technologies Limited 91% Biotechnology/Pharmaceutical/Medical Equipment
45 Intarvo Technologies Limited 88% Others
46 Cross-Tab Marketing Services Pvt. Ltd. 85% Software
47 ICSA (India) Limited 85% Semiconductor, Components and Electronics
48 Mindteck (India) Limited 81% Software
49 Micro Technologies (India) Limited 80% Software
50 MphasiS Limited 76% Software
November 16 2010