By IANS,
Bangalore : Indian technology, media and telecommunication companies are set to register a healthy growth in revenues this year despite a slowdown in economic growth and global uncertainties, an industry survey has revealed.
The top five fastest growing companies in technology, media and telecommunication sectors are estimated to a register revenue growth of 1,947 percent in 2012 as compared to 910 percent last year, according to a study conducted by Deloitte Touche Tohmatsu.
This will be the fastest growth in the past three years.
According to Deloitte Tech Fast 50 India Programme conducted by Deloitte Touche Tohmatsu India, average percentage growth for all the top 50 companies this year showed a tremendous improvement over last year’s total, at 432 percent, up from 236 percent in 2011.
The programme ranks the fastest growing technology companies in India based on their percentage revenue growth over the last three financial years.
The top 50 companies listed in this year’s programme recorded a three-year revenue growth in excess of 100 percent, a phenomenon noted in five of the eight editions of the Fast 50 India programme.
“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 Private Limited.
“Combination of a strong India focus, presence in steadier segments like education, social sector and healthcare aided these companies in achieving their growth rates,” Sundar said in a statement.