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Deloitte Touche Tohmatsu India Private Limited has called for nominations for the 8th India edition of the Technology Fast 50 (Tech Fast 50) 2012. The Tech Fast programme ranks 50 fastest-growing companies in the Technology and related sectors by comparing their three-year revenue growth. The eligibility criteria for participating companies necessitates being a technology company headquartered in India and having operating revenue of at least US $50,000 in the first year of the three years being analyzed.
“The Deloitte Tech Fast 50 has become a benchmark in the industry and the rankings heighten a company’s business profile on the regional and international levels, creating tech interest from investors and partners, gives a boost tithe company’s image to its employees and clients alike, and brings unique networking opportunities with industry and sector peers,” says Rajiv Sundar, Senior Director, Deloitte. “From our past experience, we have seen that the key drivers for growth have been continuous investments that technology companies have made on innovation and increasing domestic consumption of technology.”
Deloitte’s analysis of data over the past 6 years suggests that Software has dominated the list with a consistently greater than 70% share, followed by Telecom whose share has hovered between 8% and 14% during last six years. Looking at the Fast 50 2011, one can safely say that technology is no more limited to Tier 1 cities now. About 14% of our winners in 2011 year were from Tier 2 cities spread across the country.
To qualify for the ranking, companies must meet the definition of a technology company and the eligibility criteria of the program. Participants can be public or private, and include the following technology industry segments: Biotechnology/Pharmaceutical/Medical Equipment, Telecommunications/Networking, Semiconductor, Computers/Peripherals, Internet, Software, Media/Entertainment, and Genentech.
The program has fellow Technology Fast 50 programs conducted around the globe. All eligible nominations in the Tech Fast 50 India 2010 program automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2012 program, which recognizes the 500 fastest growing technology companies in Asia Pacific.
Companies can file their nominations here. The last date for filing nomination is July 31, 2012. The results will be announced on October 19, 2012.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.