Cranes ranked No 1 in India in 2003 Deloitte Touche Fast 500

Mumbai: Cranes Software International Ltd has announced that it ranked No 1 in India in the 2003 Deloitte Touche Tohmatsu Asia Pacific Technology Fast 500. The programme is a ranking of the leading technology companies across the Asia-Pacific region based on percentage revenue growth over a period of three years.

Cranes Software grew 325 per cent during this period. This year, Deloitte Touche Tohmatsu has identified the Next 250 companies, following the launch of the programme in Asia Pacific in 2002.

Cranes Software managing director Asif Khader credits the outstanding performance of Cranes Software to their focussed business model, dedication and perseverance of the team. "We are pleased to be ranked No 1 in India by Deloitte Touche Tohmatsu and this award is testimony the dedication of the team and effort to be toppers in this highly competitive and challenging IT environment. This award will raise the bar for quality, performance and business successes moving forward."

"Despite challenging conditions for technology companies across the region, the average revenue growth for the companies on the list was 412 per cent over three years, and for the top five winners, 8,441 per cent," says Ian Thatcher, lead partner, Deloitte Touche Tohmatsu, Asia Pacific Technology Fast 500. The winning companies came from new and established businesses and from across Asia Pacific and industry sectors.

Thatcher adds: "To succeed in today's Asia Pacific technology markets, companies need to be not only customer-focus, but have the ability to adapt to changes and new technologies. It is also important to note that rapid growth is not limited to small businesses only — our ranking shows that over 18 per cent (45) of winning companies have revenues in excess of $100 million and 3 per cent (eight) have revenues in excess of $1 billion."

As part of the Asia Pacific Technology Fast 500, Deloitte asked winning companies what the key issues and challenges facing their business are, as well as their forecast staffing level. The findings show that nearly one third of the CEOs regard growth management is their current biggest challenge.