Deloitte in India organized the seventh Technology Fast 50 award on 21 October 2011 at Bangalore, recognizing the fastest growing and dynamic technology companies in India. The program was initiated in 2005 by Deloitte in line with the regional program - Deloitte Technology Fast 500, which is well established in other parts of the globe, including North America, Europe, Middle East and Africa (EMEA) and Asia Pacific. The Technology Fast 50 programs are also independently conducted by Deloitte in other Asia Pacific countries including Australia, China, Japan, Korea, Indonesia, Taiwan and New Zealand.
Participating companies encompass all technology industry segments including Software, Telecommunications / Networking, Computers / Peripherals, Internet, Semiconductor, Components, Electronics, Biotechnology / Pharmaceuticals / Medical Equipment, Green Technology, Media and Entertainment. All eligible nominations for the Technology Fast 50 programs automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific program which recognizes 500 fastest growing technology companies in the Asia Pacific region.
The annual Deloitte Technology Fast 50 India Program ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years. In its 2011 edition, the 50 fastest growing companies on our list have achieved an average revenue growth of 236 percent over the last three years despite competitive conditions all round for industry players across India.
The top three winners of this year’s programme are:
1st: Ubona Technologies Private Limited with a growth of 1353%
2nd: Aujas Networks Private Limited with a growth of 1010%
3rd: Prizm Payment Services Private Limited with a growth of 792%
One of the key trend of this year has been that technology is no more limited to Tier 1 cities now. 14% of the winners this year are from Tier 2 cities spread across the country.
2011 Winners 
View snapshots of the Awards ceremony
