The
50 companies in the finals list are selected after a
rigorous selection procedure that considers percentage
revenue growth from FY 2003 to FY 2005, among other
considerations.
"It
is an honour to be recognised amongst the Fast 50 rapidly
growing companies in India by Deloitte. This is the
third time in a row that our company has been judged
to be one of the fastest growing technology companies
in the Asia Pacific region by Deloitte Touche Tohmatsu,"
says Asif Khader, managing director, of the company.
In
FY 2003, Crane posted operating revenues of Rs610.10
million, which increased to Rs 1,136.90 million in FY
2004 and Rs 1,633.80 million in FY 2005. Over the two
last years, it has grown a at a CAGR of 63.6 per cent.
It
had earlier emerged the fastest growing Indian technology
company amongst the public-listed companies in Deloitte
Touche Tohmatsu's Asia Pacific 'fast 500 survey' over
two consecutive years: 2003 and 2004. These surveys
evaluated growth achievements over two consecutive years
ended March 2003 and March 2004.
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