Technology Fast50 India 2016 Winners Report - Deloitte

Consistent Winners. 08. Top 10 of 2016. 10. Tchnology Fast50 India 2016, Ranking. 14. About Deloitte. 20 ... Internet and Media businesses lead the packs with strong growth rates. • Year of many ..... We hire the best and brightest talent this country has to offer and provide them with ... hosting such a wonderful platform and ...
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Technology Fast50 India 2016 Winners Report November 2016

Tech Fast50 India 2016 |  Winners report layout

Tech Fast50 India 2016 |  Winners report layout

Contents Foreword 04

02

12 years of Technology Fast50

06

Consistent Winners

08

Top 10 of 2016

10

Tchnology Fast50 India 2016, Ranking

14

About Deloitte

20

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Foreword Deloitte Touche Tohmatsu India LLP is proud to present the Twelfth edition of its Deloitte Technology Fast50 India program. A program that started in 2005 has become the pre-eminent event recognizing excellence in Technology in India and we are truly humbled by the appreciation and enthusiasm of the participants over the years. India in the last decade has transformed from being a generic technology services supplier to being a sophisticated driver of global supply and demand for technology. India today stands on the threshold of the next wave of growth with emphasis on technology and digital transformation to be the key enablers.

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In such exciting times, we bring out the Twelfth edition of Deloitte Fast50 - to recognize, honor, and encourage those businesses and entrepreneurs 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 2016 are a testament to this. To maintain the comprehensiveness and quality of rankings of high-growth technology companies, key data is sourced from qualifying businesses from across India. The resulting ranking tracks and testifies the achievement of the fastest

growing 50 technology businesses in India, private or public, as gauged by their revenue performance over the past three financial years. We are thankful to the participants in this year’s program as also all the participants from the inception of the program in 2005. This year, the average three-year revenue growth across segments were comparable to the previous trends. We have top six winners who have crossed the 1000 percent growth rate this year compared to 2 and 5 in the previous two editions, respectively. Interestingly, along with 23 new entrants into the winners list, we have 27 repeat winners from previous editions. Special congratulations to our repeat winners to

continue their growth momentum year after year and making the impact that matters. The overall winner in this year’s ranking is GreyCampus Edutech Private Limited with a three-year revenue growth of 1622 percent. The second, Stellapps Technologies Private Limited, recorded a three-year average revenue growth of 1278 percent, while the third placed, Polestar Solutions and Services India LLP, grew by 1166 percent. We congratulate all the winners on their outstanding achievement. Rajiv Sundar Partner Deloitte Touche Tohmatsu India LLP

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Technology | India 2016 Winners Tech Fast50 Fast50 India 2016 |  Winners report Report layout 

Technology Fast50 | India 2016 Winners Report

12 years of Tech Fast50 India 2005

•• Tech Fast50 India Program Launched; •• The program was one of the initial movers to recognize the India technology potential.

2006

•• Nominations to Tech Fast50 India start widening •• All the winners achieve a growth rate over 100%

2007

•• Collective average growth rate of Top 50 winners cross 450% •• 50th Ranked winner records a three-year average growth rate of over 150%

2008

•• The program widens with largest number of nominations to date

2009

•• Signs of downturn appear but Top 50 Winners continue their growth path

2010 2011

2012

2013

06

•• Emergence of Media & Entertainment and Internet-based businesses in Top 50 •• Average growth rates were lower, but signs of stability among fast growing technology companies •• Businesses in Tier 2 cities give stiff competition to Metros •• High growth rates rebound and we were tempted to ask: “Downturn, Where?” •• First time a Top 50 India Winner, records a three-year average growth rate in excess of 5,000% •• Internet and Media businesses lead the packs with strong growth rates •• Year of many firsts for the Tech Fast50 program in India •• First time for a Top 50 Winner to cross the 10,000% growth mark •• Internet enabled businesses stamp their dominance as growth leaders •• Highest ever collective average growth rate of Top 50 winners at over 650%

2014

•• Deloitte Technology Fast50 India celebrates its Tenth Anniversary - 10 years of recognizing excellence in Technology •• Over 50% of Top 50 Winners record over 200% growth rates

2015

•• Overall winner records third highest growth rate ever in the eleven-year history •• Top 25 record 200 percent plus growth rates •• 31 Repeat winners; 12 of whom improved on their prior rankings

2016

•• Top 30 recorded three year average revenue growth in excess of 200 percent, which last happened in 2009 •• 27 repeat winners and 23 new entrants •• 6 repeat winners having ranked 4 times or more

The Winners in each edition to date Winner

Growth rate

2016

GreyCampus Edutech Private Limited

1622%

2015

F1 Info Solutions & Services Private Limited

3961%

2014

Brain4ce Education Solutions Pvt. Ltd

2768%

2013

Ardom Telecom Pvt. Ltd.

12023%

2012

Online Recharge Services Private Limited

5227%

2011

Ubona Technologies Private Limited

1353%

2010

FatPipe Networks India Limited

1765%

2009

Enzen Global Solutions Pvt. Ltd.

1847%

2008

Radiant Info Systems Limited

2252%

2007

RateGain IT Solutions Private Limited

2641%

2005

ACL Wireless Limited

2102% 07

Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Consistent Winners This year’s ranking has 27 repeat winners and 23 first time winners

•• Aujas - back in the reckoning after a break last year – 5 time winner and counting;

•• 8th time winner consistently since 2009; Latent View Analytics – we have now run out of words to congratulate them!

•• Sokrati Technologies and Solutions Infini - 4 times continuously;

•• Byju’s & Zifo Technologies – continuing their run for the 5th consecutive year;

•• 8 winners have ranked 3 times now; •• 13 Companies stepping up as 2nd time winner

Salutations–8 times consistently since 2009

2nd time winners

5 times and counting THE LEARNING APP

First time winners in 2016 4 times in a row since 2013

3 times now

SILABTECH

TM

SILICON AND BEYOND

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Contextual Search & Intelligence

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Top 10 of 2016 Top 10 record an average three-year growth rate of just over 900 percent •• Top 3 record an average three-year growth rate of 1355 percent while Top 5 record just over 1260 percent •• Three of the Top 10 winners are repeat winners, with Two of them having

impressively improved their rankings from previous years •• The three-year average growth rate collectively for all winners this year was just over 340 percent

Rank 3: Polestar Solutions and Services India LLP Location

Noida

Three-year average revenue growth

1166 percent

Founder

Chetan Alsisaria

Website

http://polestarllp.com/

IT services company with offerings in analytics, data warehousing, enterprise application development & content management.

Rank 1: GreyCampus Edutech Private Limited Location

Hyderabad

Rank 4: Fork Media Private Limited

Three-year average revenue growth

1622 percent

Location

Mumbai

Founder

Vijay Pasupulati

Three-year average revenue growth

1128 percent

www.greycampus.com/

CEO & Founder

Samar Verma

Website

http://getforked.in/

Website

Provides online and classroom training for professional certification courses. Mainly trains professionals in Project Management, Big Data, Data Science, Service Management and Quality Management.

Creates innovative solutions for advertisers and publishers using online, mobile and video platforms

2nd time winner; improving from 3rd rank last year Rank 2: Stellapps Technologies Private Limited

Rank 5: GoodWorkLabs Services Private Limited

Location

Bangalore

Location

Mumbai

Three-year average revenue growth

1278 percent

Three-year average revenue growth

1112 percent

Co-founder, CEO & MD

Ranjith Mukundan

MD & Co-Founder

Sonia Sharma

Website

http://www.stellapps.com/

Website

http://www.goodworklabs.com/

Stellapps is a Full Stack IoT Company - with key focus on the Agile smart service delivery platform (smartSDP™) that can help realize applications quickly (i.e., a platform that engenders an IoT AppStore). 10

Boutique software lab that offeres Agile solutions on Mobile Apps and Web/ Cloud/ SaaS Products. Also has expertise in Enterprise Solutions

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Rank 6: Spire Technologies and Solutions Private Limited

Rank 9: Mobisy Technologies Private Limited

Location

Bangalore

Location

Bangalore

Three-year average revenue growth

1003 percent

Three-year average revenue growth

370 percent

Founder & CEO

Saurabh Jain

CEO

Lalit Bhise

Website

http://www.spiretechnologies.com/india/

Website

http://www.mobisy.com

Contextual Search & Intelligence

Offers big data and analytics solutions through a contextual search and intelligence platform that searches, understands, comprehends and interprets data and deduces analytics.

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 7: Zomato Media Private Limited Location

Gurgaon

Three-year average revenue growth

504 percent

Founder

Deepinder Goyal

Website

www.zomato.com

Rank 10: Tiger Analytics India LLP

A restaurant search and discovery app present in 23 countries. Expanded its offering to include – Online Ordering, Table Reservations and a Point-of-Sale system.

Location

Chennai

Three-year average revenue growth

367 percent

Founder & CEO

Mahesh Kumar

Website

http://www.tigeranalytics.com/

An advanced analytics consulting firm with offerings in Retail, Transportation, Marketing Science and Social Media. Also has presence in the Healthcare, BFSI and Telecom segments.

3rd year running; making a home in Top 10 Rank 8: Think & Learn Private Limited Location

Bangalore

Three-year average revenue growth

470 percent

Founder & CEO

Byju Raveendran

Website

https://byjus.com/

THE LEARNING APP

Provides original educational content via its app on mobile tablets. 5th year on a run; big leap in ranking 12

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Deloitte Technology Fast50 India 2016 Ranking

Rank

1

Winner

Location

Three-year average growth rate

Past wins

1,622%

2015 (3)

GreyCampus Edutech Private Limited

Hyderabad

2

Stellapps Technologies Private Limited

Bangalore

1,278%

3

Polestar Solutions and Services India LLP

Noida

1,166%

4

Fork Media Private Limited

Mumbai

1,128%

5

GoodWorkLabs Services Private Limited

Bangalore

1,112%

6

Spire Technologies and Solutions Private Limited

Bangalore

1,003%

11

Freyr Software Services Private Limited

Hyderabad

347%

12

Sokrati Technologies Private Limited

Pune

337%

2015 (26), 2014 (25), 2013 (3)

13

One 97 Communications Limited

Noida

326%

2009 (10)

14

Fluentgrid Limited

Visakhapatnam

306%

15

F1 Info Solutions & Services Private Limited

Mumbai

289%

2015 (1)

16

BRIDGEi2i Analytics Solutions Private Limited

Bangalore

282%

2015 (13)

17

Mobinius Technologies Private Limited

Bangalore

277%

2015 (34)

17

Attinad Software Private Limited

Trivandrum

277%

2015 (6), 2014 (10)

19

Kellton Tech Solutions Limited

Hyderabad

273%

2014 (21)

20

Gramener Technology Solutions Private Limited

Hyderabad

257%

2015 (8)

21

SILABTECH Private Limited

Bangalore

236%

22

AVR Edge Networks Private Limited

Bangalore

228%

23

FuGenX Technologies Private Limited

Bangalore

226%

2013 (30), 2012 (16)

24

Guru Gowri Krupa Technologies Private Limited

Hyderabad

222%

2015 (12)

25

Webkul Software Private Limited

Noida

217%

2015 (9)

MarketXpander Services Private Limited

Bangalore

214%

2014 (17) 2015 (38)

7

Zomato Media Private Limited

Gurgaon

504%

2015 (4), 2014 (3)

26

8

Think & Learn Private Limited

Bangalore

470%

2015 (21), 2014 (43), 2013 (29), 2012 (33)

27

Intellectual Research Services Private Limited

Pune

211%

28

Robotic Wares Private Limited (FarEye)

New Delhi

207%

9

Mobisy Technologies Private Limited

Bangalore

370%

29

Valueleaf Services (India) Private Limited

Bangalore

204%

10

Tiger Analytics India LLP

Chennai

367%

30

Successive Software Private Limited

Noida

203%

14

15

Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

31

CustomerXPs Software Private Limited

Bangalore

191%

32

Solutions Infini Technologies India Private Limited

Bangalore

187%

33

Report Bee Edusys Private Limited

Chennai

185%

34

CEDCOSS Technologies Private Limited

Lucknow

175%

35

DreamOrbit Softech Private Limited

Bangalore

172%

36

Nadhi Information Technologies Private Limited

Chennai

164%

37

ZeMoSo Technologies Private Limited

Hyderabad

162%

38

Aujas Networks Private Limited

Bangalore

152%

39

Nanobi Data and Analytics Private Limited

Bangalore

150%

40

Zifo Technologies Private Limited

Chennai

146%

41

Arohatech IT Services Private Limited

Noida

140%

42

Rare Mile Technologies Private Limited

Bangalore

136%

42

White Rivers Digital

Mumbai

136%

44

Cocubes Technologies Private Limited

Gurgaon

136%

2013 (23), 2012 (5)

44

Exult Infosolutions Private Limited

Pune

136%

2015 (39)

46

Prodapt Solutions Private Limited

Chennai

134%

2015 (45), 2011 (10)

47

Phonon Communications Private Limited

Baroda

129%

47

Pay Point India Network Private Limited

Mumbai

129%

2013 (19), 2012 (20)

49

42Gears Mobility Systems Private Limited

Bangalore

126%

2015 (14)

50

LatentView Analytics Private Limited

Chennai

123%

2015 (30), 2014 (12), 2013 (17), 2012 (12), 2011 (28) , 2010 (34), 2009 (2)

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2015 (15), 2014 (5), 2013 (9)

“Quotes” LatentView Analytics Private Limited

2015 (22), 2014 (37)

2014 (41), 2013 (26), 2012 (18), 2011 (2)

2015 (27), 2014 (39) , 2013 (35) , 2012 (21) 2015 (32), 2014 (23)

“LatentView Analytics is proud to win the Deloitte Technology Fast50 award for the eighth consecutive year. This year is especially meaningful to us as LatentView turned ten. We work with Fortune 500 companies across the globe helping them combine digital data with traditional data, to get a superior view of their consumers and marketplaces. We hire the best and brightest talent this country has to offer and provide them with training, tools and a work culture that supports innovation. It is our vision to be the most trusted analytics partner to our clients and our winning this award for the eighth consecutive year is a testament to the demand for our services.”- Gopi Koteeswaran, CEO, LatentView Analytics Stellapps Technologies Private Limited “We are grateful to Deloitte and very happy, privileged to win the Technology Fast50 award and consider it as a recognition of the entire Team Stellapps’ efforts and innovation and a vindication of how an IoT platform helps solve deeply vertical/domain centric problems.”

Mobisy Technologies Private Limited “Deloitte Fast50 is an extremely prestigious and aspirational recognition for us. We are both thrilled and humbled to a part of this list.”

GreyCampus Edutech Private Limited “We are delighted to be part of the Deloitte Fast50 rankings again this year. We are on a mission to enable working professionals and students prepare effectively for their tests. The key to our rapid growth has been the effective deployment of our educational platform and our ability to remain agile as we address the learning needs of our customers.” Solutions Infini Technologies India Private Limited

Spire Technologies and Solutions Pvt Ltd

“Solutions Infini brings businesses closer by communication and We are on a journey to simplify the same”. Success mantra for Solutions Infini

“Deloitte is a leading consultancy company with highly researched professionals identifying great technology solutions. We are very happy to be a part of this elite Fast50 winners club.”

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

Polestar Solutions and Services India LLP

Zomato Media Private Limited

“The team have been working very hard over this past year, and it’s always great to have the efforts acknowledged. And while we’re excited to be featured in the Technology Fast 50 India list for the 3rd consecutive year, we know we still have a long way to go and have only just scratched the surface as yet. Looking forward to what 2017 has in store.” GoodWorkLabs Services Private Limited “Winning the Deloitte Fast50 Award for 2016 showcases and legitimizes our rapid growth over the past 3 years. This is the most prestigious award in the industry where the numbers do the talking and it’s not some subjective selection. The numbers have spoken and we have won! This is a milestone event for GoodWorkLabs!”

Fork Media Private Limited “We are delighted to be recognized for our efforts by the Deloitte Technology Fast50 awards jury. The award platform has deep credibility for recognizing companies with strong growth and being part of an illustrious list of companies is an honor. The visibility that a fledgling startup like ours will receive with this honor will further encourage us to keep aiming for more and lets us dream big. We are extremely thankful to the Deloitte team for hosting such a wonderful platform and making us part of it.

Sokrati Technologies Private Limited “It is with enormous excitement and gratitude that I cherish this award for the fourth consecutive time. This fuels our inspiration further towards striving for nothing short of excellence in democratizing marketing technology & analytics. As we enter into 2017, I am thankful to Team Deloitte for recognising our hard work continually, and supporting us in our pursuit of delivering an enterprise class product with a global appeal - made out of India.” - Ashish Tiger Analytics India LLP “This recognition is in many ways a validation of our work and the value we are able to create. Our team has worked very hard with a vision of building the world’s best advanced analytics firm and this award will certainly help us in this journey. We thank Deloitte for such a wonderful program.”

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“We are delighted to be a Deloitte Technology Fast50 2016 winner. It’s very satisfying to be acknowledged as one of the fastest growing technology companies of India by the biggest and most respected Advisory & Audit firm of the world. It increases our belief further in what we are doing & motivates us more to achieve newer heights. A heartfelt thanks to Deloitte. We would also like to thank our team as well as our clients without whom this journey would not have been possible. We hope that the curve gets even steeper in the years to come.”

Aujas Networks Private Limited “Getting ranked in the Deloitte Tech Fast50 for the 5th year makes us ecstatically proud, but also gives us the assurance that we are doing something right very consistently. We have always been focused on one thing - Helping companies globally manage their information risk better, in-spite of the continuously worsening cyber threat landscape in this digital age. Getting this award 5 times is an absolute vindication of the path we have chosen.” Said Srinivas Rao, Co-Founder & CEO, Aujas.

Zifo Technologies Private Limited “It’s a proud moment for Zifo – We have been ranked as the fastest growing organization for the fifth consecutive year! This consistency is reflective of our team’s collective strength and commitment towards customer’s success. As we run on this marathon, we have noticed that every leg has been marked with memorable events that make our journey exciting and fulfilling. Such recognitions are very refreshing and encouraging for our team”

Think & Learn Private Limited “It is extremely encouraging to be the winner of Deloitte Fast50 award. We are humbled to have received this honor for the fifth time in a row. This is a testament of the fact that our efforts to create a better and engaging learning experience for children across the globe is working.With a strong, fast growing and passionate team of people committed to help children love learning, we will continue to work towards creating products that will empower children to learn better and become lifelong learners.”

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Technology Fast50 | India 2016 Winners Report 

Technology Fast50 | India 2016 Winners Report

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About Deloitte We believe that we’re only as good as the good we do. All the facts and figures that talk to our size and diversity and years of history, as notable and important as they may be, are secondary to the truest measure of Deloitte: the impact we make in the world. So, when people ask, “what’s different about Deloitte?” the answer resides in the many specific examples of where we have helped Deloitte member firm clients, our people, and sections of society to achieve remarkable goals, solve complex problems or make meaningful progress. Deeper still, it’s in the beliefs, behaviors and fundamental sense of purpose that underpin all that we do. With over 150 years of hard work and commitment to making a real difference, our organization has grown in scale and diversity—more than 225,000 people in 150 countries, providing audit, tax, legal, financial advisory, enterprise risk, and consulting services—yet our shared culture remains the same. For us, good isn’t good enough. We aim to be the best at all that we do—to help clients realize their ambitions; to make a positive difference in society; and to maximize the success of our people. 20

This drive fuels the commitment and humanity that run deep through our every action. That’s what makes us truly different at Deloitte. Not how big we are, where we are, nor what services we offer. What really defines us is our drive to make an impact that matters in the world. “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTTL does not itself provide services to clients. DTTL and each DTTL member firm are separate and distinct legal entities, which cannot obligate each other. DTTL and each DTTL member firm are liable only for their own acts or omissions and not those of each other. Each DTTL member firm is structured differently in accordance with

In India, we offer a range of Audit & Enterprise risk, Tax, Consulting and Financial advisory services across thirteen cities. Our existence for over a century in the Indian professional arena supplements the technical proficiency of the client service teams to create powerful business solution tailored to the client’s need. We focus on clients. We take pride in our ability to provide quality services - whether they are an owner-managed business or a large multinational corporation. We are a multi-skilled, multi-disciplined firm, offering clients a wide range of industry-focused business solutions. The Global Technology, Media & Telecommunications Industry (TMT) group consists of the practices organized in the various member firms of DTTL and includes more than 20,000 member firm partners, directors and other professionals dedicated to helping their clients evaluate complex issues, develop fresh approaches to problems and implement practical solutions. There are dedicated TMT member firm practices in 48 locations worldwide. DTTL’s member firms serve 91 percent of the TMT

companies in the 2015 Fortune Global 500. Clients of Deloitte’s member firms’ TMT practices include some of the world’s top software companies, computer manufacturers, mobile operators, broadcasters, advertising agencies and semiconductor foundries – as well as leaders in publishing, telecommunications, and mobile device manufacturing. Companies in the TMT sectors confront a swiftly changing marketplace. The TMT practices of Deloitte’s member firms are helping companies adapt quickly to this evolving terrain by helping them unlock the innovative and creative thinking they need to compete. About Deloitte Technology Fast50 India Progam The Technology Fast50 India program, which was launched in 2005, is conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is part of a truly integrated Asia Pacific program recognizing the India’s fastest growing and most dynamic technology businesses (public and private) and includes all areas of technology - from internet to biotechnology, from medical and scientific to computers/hardware. The program recognizes the fastest growing technology companies in India based on their percentage revenue growth over the past three financial years.

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Technology Fast50 | India 2016 Winners Report 

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Technology Fast50 | India 2016 Winners Report

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