Deloitte Consulting, one of the largest professional services firm in India yesterday announced its ranking of Fastest Growing Indian companies and some of these companies have shown stellar growth, even during the downturn and Economic recession.
The Top 3 companies have collectively notched an average of over 1500% growth over last 3 years, which is really stupendous. FatPipe Networks India Limited, with a spectacular growth of 1765% over the last 3 years, was ranked as the fastest growing company. Ad2Pro Media Solutions Private Limited was ranked second fastest with revenue growth of 1649%. Third position was secured by iYogi Technical Services Private Limited with a growth rate of 1438%.
Here are some of the insights from the Deloitte report:
- The Software segment has again emerged as the top contributor this year. With the composition of 68% and unlike previous years where Software dominated with around 80% of the winners list, this year has seen a surge among other technology companies which are a little off the well trodden path.
- Internet and Media & Entertainment are the key sectors which have shown growth compared to the previous year.
- There is a significant reduction in the larger corporations (> INR 1 billion) from the winners list. Over the last four years, 44 percent to 54 percent of the winners have been from the larger companies (greater than INR 1 billion in turnover) whereas this year it has reduced to 26 percent.
- The mid-sized companies (turnover between INR 500 million to INR 1 billion) have been the best performers and have significantly moved up from their stable state performances in the previous years
Fastest Growing Technology Sectors
- There has been a significant decrease, from 28 to 14, in the number of repeat winners this year
- 6 companies have made it to the list four years in a row which highlights the sustainable nature of the growth that these winners enjoy.
- A significant number of newer companies have made it to the winners list this year. This combined with the surge in sector specific firms and product companies, perhaps indicates that that Indian technology sector is coming of age and is exploring newer options other than being confined to the generic services mould
- Among the repeat winners many have over past five years grown to a significant size, which is a sign of good momentum.
Top 50 Fastest growing Technology Companies in India
| No. | Company Name | %Revenue Growth | Industry Sector |
| 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 |
