Polestar Solution and Services India, Evolute systems and Mobisy Technologies are the Top 3 companies at Deloitte TechnologyFast50 India 2017.
Noida-based Polestar Solutions and Services India was ranked No. 1 with FY17 revenue at more than 9x in comparison to FY15 revenue. The second ranked company Evolute Systems saw their FY17 revenue jump more than 8x over their FY15 revenue, whilst the third placed Mobisy Technologies grew their FY17 revenue at more than 7x their FY15 revenue.
Top 10 Technology Fast50 India 2017 Winners:
- Polestar Solutions And Services India
- Evolute Systems
- Mobisy Technologies
- Stellapps Technologies
- Marketxpander Services
- Data Resolve Technologies
- Think and Learn (BYJU’s)
- Robotic Wares
- Nreach Online Services
- White Rivers Digital
“Over the 13 years of Technology Fast50 India we have seen the composition of our winners shift from generic software services provider to diverse activities, both product oriented and niche services, inclusive of highly capable analytics offerings, digital marketing, technology enabled education products & services, etc.,” said Rajiv Sundar, Partner and Program Director-Technology Fast50 India 2017, Deloitte India.
This year, the Top 10 companies recorded an average three-year growth rate of just over 500 percent. Impressively, seven winners in Top 10 are repeat winners, with four of them having improved on their rankings from previous years. While the Top 3 recorded an average three-year growth rate of 727 percent, the Top 5 record just over 658 percent. Three year average growth rate across Top 50 winners was just over 209 percent.
Bangalore continues to dominate Top 50 winners list with 19 winners. Analytics companies as well as new age businesses such as IoT, Ad-tech and cyber security were also well represented in the Top 50 winners list
The Analytics segment has strong representation in Top 50 led by this year’s winner – Polestar Solutions. Other winners that offer niche analytics services include Bridgei2i, Tiger Analytics and LatentView.
Software product companies are making an impact on the Fast 50 rankings. Evolute Systems, Mobisy Technologies, Stellapps Technologies, Marketxpander Services, Robotic Wares comes from software product companies.
EdTech companies such as the very popular Byju’s and GreyCampus are repeat winners this year. Data Resolve and Aujas Networks have been able ride cyber security and information security.
Deloitte announced the 50 fastest growing technology companies in the country as part of its Technology Fast50 India 2017 program. The Deloitte Tech Fast50 India Program conducted by Deloitte Touche Tohmatsu India ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years.