Deloitte Touche Tohmatsu has announced the winners from the Eighth edition of Deloitte Technology Fast50 India program. In an official press release, Deloitte said, "This year we have seen India’s highest growth companies power through the global financial uncertainty, with the leaders actually
increasing their revenue growth rate despite the world’s economic woes. This is a truly impressive achievement and we are proud that the Technology Fast50 Ranking remains a benchmark for their performance.""The overall winner in this year’s ranking is Online Recharge Services Private Limited realizing a remarkable 5227 percent three year revenue growth. The second, Amagi Media Labs Private Limited achieved 1497 percent, whilst the third placed Prizm Payment Services Private Limited, grew by 1190 percent.We congratulate the winners on their outstanding achievement."
The Deloitte Fast 50 program recognizes companies across the technology landscape who with their innovative business models, technological superiority and quality of human resources have managed to ride the wave of economic growth whilst being resilient in the face of economic downturns.
They further added "In this year, the top five companies showed a remarkable improvement in the average three-year revenue growth at 1947 percent, compared to 910 percent last year, the highest average three-year revenue growth across all editions of the Fast50 India program since 2005. And the average percentage growth for all the top 50 companies showed a tremendous improvement over last year’s total, at 432 percent, up from 236 percent in 2011 – testament to the strength, depth and adaptability of India’s growth economy. All the top 50 winners of this year recorded a three year revenue growth in excess of 100 percent – a phenomenon noted in five of the eight editions of the Fast50 India program."
Click here for the official press release here.