In a world where valuations reign supreme, something as basic as growth is often overlooked in the quest to form the next big business. Wit...
In a world where valuations reign supreme, something as basic as growth is often overlooked in the quest to form the next big business. With an objective of putting the focus back on growth and recognizing companies leading the charge, the 2016 Deloitte Technology Fast 50 India in collaboration with ET SmallBiz has found India's tech industry is shrugging off any talk of a slowdown with the Top 10 showing average three year revenue growth of 900%.
"Over the 12 years of Technology Fast50 India, we have seen the composition of our winners shift from generic software services providers to developers of niche technologies, software products, digital marketing and ed-tech," says Partner and Program Director of Technology Fast50 India 2016, Rajiv Sundar. "Whilst the common belief is that Indian Technology-enabled businesses are at the threshold of breaking out on their own, the emergence of new age businesses in our Top 50 is a positive reflection that this would happen sooner than later," he added.
Ranked 3 in the previous edition, topping the list this year is GreyCampus Edutech Private Limited with a staggering three-year average growth rate of 1622% - in fact, the top 6 winners crossed 100% growth rates this year. GreyCampus provides online and classroom training for professional certification courses and primarily trains professionals in Project Management, Big Data, Data Science, Service Management and Quality Management.
Coming second in the list is Stellapps Technologies Private Limited with a three-year average growth rate of 1278%. One of the only companies in India involved in smart diary production or 'precision dairy', the full stack IoT company is leading a revolution in the India dairy farming sector through its end-to-end dairy technology solutions.
"Over the 12 years of Technology Fast50 India, we have seen the composition of our winners shift from generic software services providers to developers of niche technologies, software products, digital marketing and ed-tech," says Partner and Program Director of Technology Fast50 India 2016, Rajiv Sundar. "Whilst the common belief is that Indian Technology-enabled businesses are at the threshold of breaking out on their own, the emergence of new age businesses in our Top 50 is a positive reflection that this would happen sooner than later," he added.
Ranked 3 in the previous edition, topping the list this year is GreyCampus Edutech Private Limited with a staggering three-year average growth rate of 1622% - in fact, the top 6 winners crossed 100% growth rates this year. GreyCampus provides online and classroom training for professional certification courses and primarily trains professionals in Project Management, Big Data, Data Science, Service Management and Quality Management.
Coming second in the list is Stellapps Technologies Private Limited with a three-year average growth rate of 1278%. One of the only companies in India involved in smart diary production or 'precision dairy', the full stack IoT company is leading a revolution in the India dairy farming sector through its end-to-end dairy technology solutions.
