Deloitte Touche Tohmatsu India LLP, has announced the results for the twelfth edition of its Deloitte Technology Fast50 India programme. The programme was started in 2005 with an aim to recognise the India tech potential.
This is part of a global programme and currently takes place each year in more than 30 countries.
The resulting ranking tracks and testifies the achievement of the fastest growing 50 technology businesses in India, private or public, based on their revenue performance over the past three financial years.
As reported, this year, there were top six winners who have crossed the 1000%growth rate compared to two winners and five winners in the previous two editions, respectively. Interestingly, along with 23 new entrants in the winners list, the programme saw 27 repeat winners from previous editions.
Other Trends Observed During The Programme
- Big data analytics in the advertising sector made big waves in this year’s Technology Fast50, averaging growth of over 700%.
- 38% of Technology Fast50 companies belong to the software and IT services sector.
- The education sector in this year’s Technology Fast50 shows an average growth of over 700%.
- Digital marketing companies entered the Technology Fast50 list with an average growth of 170% over the last two years.
- Technology Fast50 companies from Tier II cities in the software product sector averaged growth of over 250%.
- Overall growth from Technology Fast50 companies from Tier II cities averaged a staggering 270%.
- 24% of companies in Technology Fast50 list are from Tier II cities.
- Hardware companies in Technology Fast50 list grew by over 600% in the past two years.
- 11 companies in Technology Fast50 list were from the digital marketing, advertising, and analytics sectors. These alone averaged a growth of over 400% over the last two years.
The Top 10 Startups
Rank 1: GreyCampus Edutech Private Ltd
The company emerged as the overall winner in this year’s ranking with a three-year revenue growth of 1622%. Based in Hyderabad, it was founded by Vijay Pasupulati. It provides online and classroom training for professional certification courses. Mainly trains professionals in project management, big data, data science, service management and quality management.
Rank 2: Stellapps Technologies Private Limited
The second, Stellapps Technologies Private Limited, recorded a three-year average revenue growth of 1278%. It is a Full Stack IoT Company – with key focus on the agile smart service delivery platform (smartSDPTM) that can help realise applications quickly (i.e., a platform that engenders an IoT App Store). Founded by Ranjith Mukundan, the startup is based in Bengaluru.
Rank 3: Polestar Solutions and Services India LLP
With an average revenue growth of 1166%, Polestar grabbed the third position. It is a Noida-based IT services company with offerings in analytics, data warehousing, enterprise application development & content management. It was founded by Chetan Alsisaria.
Rank 4: Fork Media Private Limited
Founded by Samar Verma, this Mumbai-based startup generated 1128% in three year average revenue to secure fourth place. The startup creates innovative solutions for advertisers and publishers using online, mobile and video platforms.
Rank 5: GoodWorkLabs Services Private Limited
The company took fifth position with a three year average revenue growth of 1112%. It was founded by Sonia Sharma and is based in Mumbai. It is a boutique software lab that offers agile solutions on mobile apps and web/ cloud/ SaaS Products, with an expertise in enterprise solutions.
Rank 6: Spire Technologies and Solutions Private Limited
Spire holds the sixth position with a three-year average revenue growth of 1003%. Based in Bengaluru, it was founded by Saurabh Jain. It offers big data and analytics solutions through a contextual search and intelligence platform that searches, understands, comprehends, and interprets data and deduces analytics.
Rank 7: Zomato Media Private Limited
With a three-year average revenue of 504%, Zomato has been able to secure the seventh position. It is for the third time in a row that Zomato has secured a place in top 10 positions. Based in Gurugram, it was launched by Deepinder Goyal. It is a restaurant search and discovery app present in 23 countries and have expanded its offering to include – online ordering, table reservations and a point-of-sale system.
Rank 8: Think & Learn Private Limited
It provides original educational content via its app BYJU’s on mobile tablets. With 470% three-year average revenue, the startup managed to take eighth place. It is based in Bengaluru and was founded by Byju Raveendran.
Rank 9: Mobisy Technologies Private Limited (Bizom)
It registered a three-year average revenue growth of 370%. It is based in Bengaluru and was founded by Lalit Bhise. It offers mobile-first workflow automation solution geared towards sales force automation, distributor management, & supply chain for enterprises via a SaaS product. The company is focussed on the Indian market.
Rank 10: Tiger Analytics India LLP
It secured tenth position with 367% three-year average revenue. It was founded by Mahesh Kumar and is based in Chennai. It is an advanced analytics consulting firm with offerings in retail, transportation, marketing science, and social media. It also has a presence in the healthcare, BFSI, and telecom segment.
The Other 40
Freyr Software Services Private Limited: It is a full-service global regulatory solutions and services Company and a specialist provider of regulatory consulting, operations & technology services.
Sokrati Technologies Private Limited: Sokrati’s intelligent digital marketing platform for ecommerce helps online businesses around the globe get real and relevant customers rapidly.
One 97 Communications Limited: It is a mobile-internet company which provides telecommunications value added services to telecom service providers, consumers, and enterprises.
Fluentgrid Limited: Fluentgrid Limited (formerly Phoenix IT Solutions Ltd) is a software product company catering to energy and water utilities, communities and cities.
F1 Info Solutions & Services Private Limited: It is is a neutral service provider in the field of IT, telecom, security surveillance, home automation and other areas.
BRIDGEi2i Analytics Solutions Private Limited: BRIDGEi2i is a global analytics solutions company with offices in India and USA. BRIDGEi2i helps companies transform the journey from information to insight to impact.
Mobinius Technologies Private Limited: It is a technology company specialising in product development and solutions for mobile, Windows and Mac OS platforms.
Attinad Software Private Limited: Attinad Software provides end-to-end SMACT solutions for various verticals with a holistic approach.
Kellton Tech Solutions Limited: Kellton Tech offers a rich set of proven SAP practices and capabilities delivering end-to-end solutions to its clients while providing a platform for exponential organisational growth.
Gramener Technology Solutions Private Limited: It is a data visualisation and analytics company which helps transform data into concise dashboards that make business problems & solution visually obvious.
SILABTECH Private Limited: It is a technology company that develops and licenses custom and standard silicon proven low power mixed signal IP cores for leading semiconductor companies worldwide.
AVR Edge Networks Private Limited: EdGE Networks offers next gen HR technology solutions for talent acquisition and workforce optimisation powered by data science and artificial intelligence.
FuGenX Technologies Private Limited: It operates in the field of mobile, social, and cloud computing and has claimed to design the top 10 downloaded apps and games in the play store.
Guru Gowri Krupa Technologies Private Limited: It is a global IT consulting and services firm that provides software development, product engineering, business intelligence, and quality assurance services to enterprise clients.
Webkul Software Private Limited: Webkul is a web and mobile product based organisation and develops softwares for enterprises.
MarketXpander Services Private Limited (LeadSquared): LeadSquared is a leading customer acquisition SaaS platform used by over 10,000 users worldwide to run their sales and marketing processes.
Intellectual Research Services Private Limited: iResearch Services is a leading company offering business research services in India, US, & UK. It helps turn data into a decision-making insight.
Robotic Wares Private Limited (FarEye): FarEye optimses businesses by moving their logistics operations onto mobile. Its SaaS mobility platform helps companies schedule & dispatch jobs, monitor executions and analyse performance, all in real-time, making businesses more responsive, customer-centric, and profitable.
Valueleaf Services (India) Private Limited: Valueleaf digital marketing agency offers SEO, SEM, SMM, SMS, Email Marketing services to the customers.
Successive Software Private Limited: a global consulting and IT services company, helping clients in various domains such as various domains including ERP/SaaS solutions, Google Map applications, GPS/GIS applications, custom solution implementation, ecommerce solutions and mobile-based development.
CustomerXPs Software Private Limited: CustomerXPs, through its flagship product Clari5 is helping fraud management and customer experience management in Fortune 500 banks by harnessing the power of extreme real-time intelligence.
Solutions Infini Technologies India Private Limited: It is an enterprise and bulk messaging solutions provider, using intelligent routing technology.
Report Bee Edusys Private Limited: It is the next generation smart report cards for schools which helps to track and monitor academic performance of students over the years.
CEDCOSS Technologies Private Limited: CEDCOSS Technologies is an offshore outsourcing services provider with services including website development, web design, search engine, and more.
DreamOrbit Softech Private Limited: DreamOrbit is an outsourced product development company, specialising in logistics and supply chain, mobility, Microsoft Dynamics CRM Solutions.
Nadhi Information Technologies Private Limited: Its flagship product nPulse enables to elegantly integrate building project information including schedule, cost/revenue, drawings and documentation, meeting agenda points and to-do lists, and labour and material between the owners, contractors, sub-contractors.
ZeMoSo Technologies Private Limited: It helps build data-intensive apps and mobile apps. Here, the large scale data processing is done using Apache Spark/Cassandra.
Aujas Networks Private Limited: It helps manage information risk for enterprises with its information security services, managed security services, and security analytics.
Nanobi Data and Analytics Private Limited: It is a simple-to-use, interactive, and visual full-stack platform delivered as subscription software on cloud or on-premise.
Zifo Technologies Private Limited: It provides R&D solutions and services that drives efficiency across its customers without increasing their regulatory and business risks.
Arohatech IT Services Private Limited: A software and web development company that provides CRM and BI tools to enterprises.
Rare Mile Technologies Private Limited: It provides outsourced IT services for complex software development like algorithms, machine learning, prototype development, text analysis, and API work.
White Rivers Digital: It is a social media, digital media solutions provider and 100% ROI-driven digital marketing agency.
Cocubes Technologies Private Limited: It is a cross-browser, web-based, technology platform that runs in majority of browsers including IE 7+, Firefox 4+, Chrome 10+. It helps corporate assess and hire candidates from campus and beyond.
Exult Infosolutions Private Limited: It is a solution provider for e-learning, mobility, and technology.
Prodapt Solutions Private Limited: A leading IT services provider that focusses solely on the communications.
Phonon Communications Private Limited: It offers an innovative telecom solutions for banks, airlines, and insurance companies.
Pay Point India Network Private Limited: Pay Point India’s solution provides consumers a quick and easy, single stop access to a wide array of services. Consumers can purchase or make payments for almost any fast moving consumer service in their neighborhood.
Gears Mobility Systems Private Limited: Its tools help movement of information within an enterprise in an efficient manner.
LatentView Analytics Private Limited: It is a global digital analytics company, providing solutions with actionable insights for business, marketing, supply chain, & risk mitigation.
