India’s highest growth companies are overcoming the global financial uncertainty by increasing their revenue growth rate, according to research firm Deloitte.
Deloitte’s report on 50 fastest-growing Indian companies for 2012 in technology, media and telecommunications found that the top five companies showed a remarkable improvement in the average three-year revenue growth of a whooping 1947 per cent compared to 910 per cent last year.
Incidentally, last year’s 910 per cent was the highest average three-year revenue growth in all the previous editions of the Fast 50 India programme since 2005.
“In the past we have seen subdued economic environment skewing the winners list towards mature and well established companies. This year’s results, surprisingly, do not adhere to this trend,” said Rajiv Sundar, Senior Director, Deloitte Touche Tohmatsu India Pvt Ltd.
He added that combination of a strong India focus, presence in steadier segments like education, social sector and healthcare-aided these companies in achieving their growth rates.
According to Deloitte study, the average percentage growth for all the top 50 companies this year improved over last year’s 432 per cent.
Within software sector, mobile VAS registered a muted presence compared to last year, while e-based or mobile-based transactions grew exponentially despite tighter regulations, the study said.
Outsourced product developers continued momentum and internet portals increased their presence significantly.
Meanwhile, the presence of media and entertainment segment remained consistent.
On the other hand, biotechnology, telecommunications and networking companies showed a marginal decline compared to last year.