Deloitte Touche Tohmatsu is proud to present the Eighth edition of Deloitte Technology Fast50 India program.
This year we have seen India’s highest growth companies power through the global financial uncertainty, with the leaders actually increasing their revenue growth rate despite the world’s economic woes. This is a truly impressive achievement and we are proud that the Technology Fast50 Ranking remains a benchmark for their performance.
The program recognizes companies across the technology landscape who with their innovative business models, technological superiority and quality of human resources have managed to ride the wave of economic growth whilst being resilient in the face of economic downturns.
To maintain the comprehensiveness and quality of rankings of high-growth technology companies, key data is sourced from qualifying enterprises from across India. The resulting ranking tracks and testifies to the achievement of the fastest growing 50 technology companies in India, private or public, as gauged by their revenue performance over the past three completed financial years.
We are thankful to the technology companies across India who have participated in this year’s program as also all the participants from the inception of the program in 2005.
In this year, the top five companies showed a remarkable improvement in the average three-year revenue growth at 1947 percent, compared to 910 percent last year, the highest average three-year revenue growth across all editions of the Fast50 India program since 2005. And the average percentage growth for all the top 50 companies showed a tremendous improvement over last year’s total, at 432 percent, up from 236 percent in 2011 – testament to the strength, depth and adaptability of India’s growth economy. All the top 50 winners of this year recorded a three year revenue growth in excess of 100 percent – a phenomenon noted in five of the eight editions of the Fast50 India program.
The overall winner in this year’s ranking is Online Recharge Services Private Limited realizing a remarkable 5227 percent three year revenue growth.
The second, Amagi Media Labs Private Limited achieved 1497 percent, whilst the third placed Prizm Payment Services Private Limited, grew by 1190 percent.
We congratulate the winners on their outstanding achievement.
Click here for glimpses of the Awards ceremony.