Software sector dominates Deloitte Technology Fast50 India 2015 rankings

Last Updated: Tue, Nov 03, 2015 19:49 hrs

Deloitte announced the 50 fastest growing technology companies in the country as part of its Technology Fast50 India 2015 program.

Overall average three-year growth rate of this years Tech Fast50 India winners aggregated to 356 percent (compared to383 percent in 2014). The Software sector (including Business Applications and IT) dominated the list with 34of the 50 companies coming from this sector. These companies grew at an average of 255 percent. The Deloitte Tech Fast 50 India Program conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP) ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years. The 50 fastest growing companies this year consist of public and private Technology, Media and Telecommunications, including Business Applications, Internet, Online Education and IT, businesses headquartered in India, that have achieved the highest rates of revenue growth over the past three years. Mumbai-based F1 Info Solutions Services was ranked No. 1, with high three year revenue growth of 3961 percent. VMukti Solutions Private Limited was ranked second, with a growth of 1025 percent and GreyCampusEdutech Private Limited at the third place with a growth of 832 percent, over the past three years. Since 2005, when the first edition of Deloitte Fast 50 India event was launched, we have striven to recognise, honour, and encourage those businesses who are striving forward with remarkable revenue growth rates using their technology, innovations, and quality of human resources. Sustaining growth in a competitive and dynamic environment needs innovation and adaptability on a continuous basis, and our Top 50 Winners of 2015 are a testament to this. 31 companies in the 2015 winners list are repeat winners, said Rajiv Sundar, Senior Directorand Program Director-Technology Fast50 India 2015, Deloitte India. Through this program, we seek to recognize the companies who are not only achieving high growth rates but have also been able to sustain it consistently with great resilience, Sundar added.