Deloitte ranks 50 fastest-growing tech, media and telecom firms
13 Nov 2010
Deloitte today announced the 50 fastest-growing Indian companies in the technology, media and telecom space.
FatPipe Networks India Limited, with a spectacular growth of 1765 per cent over the last three years, was ranked as the fastest-growing company at the annual Technology Fast 50 India 2010 programme.
Ad2Pro Media Solutions Private Limited was ranked second with revenue growth of 1649 per cent, followed by iYogi Technical Services Private Limited with a growth rate of 1438 per cent.
The Deloitte Technology Fast 50 India 2010 programme conducted by Deloitte Touche Tohmatsu India Private Limited (DTTIPL), now in its sixth year, ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years. The eligible companies are required to have their headquarters in India.
''It's a positive sign that the top three companies this year have performed better than the toppers of the previous year," says P N Sudarshan, senior director, Deloitte India. "The optimistic approach of the companies has enabled them to achieve remarkable levels of revenue growth despite challenging industry conditions prevalent in the TMT sector,''
According to Sudarshan, the software segment continues to be the top contributor but internet and media and entertainment sectors have emerged as key sectors, which have exhibited impressive growth compared to the previous year.