Deloitte, one of the leading professional services organisations, has announced the nomination for the 7th edition of its Tech Fast 50 Awards for the current year. Every year, Tech Fast 50 India ranks the 50 fastest growing technology companies in India. Nomination for this award is open till 19 August, 2011.
Tech Fast 50 was initiated by Deloitte Touche Tohmatsu India Private Limited in the year 2005 in line with the regional programs in other parts of the globe – Deloitte Technology Fast 500, which is well established in North America, Europe, Middle East and Africa (EMEA) and Asia, that recognises the world’s fastest growing and dynamic technology companies.
Now in its seventh year, the Technology Fast 50 program continues to be sought out by technology companies all over India. It honors business growth as well as technological innovation.
Among others, one of the important eligibility criterion for the program is that the operating revenues of the company must be at least USD$50,000 in the first year of the three years being analysed and the company must be headquartered in India. Also subsidiaries of a company are not eligible to enroll unless they have some public ownership and are separately traded.
“The rankings recognise the sustained growth of the Indian Technology industry especially in smaller segments.” says P.N. Sudarshan, Senior Director, Deloitte in India. “This year is going to be a landmark year for Deloitte Tech Fast 50 awards. We have been successfully conducting these awards since six years now and have seen sustained interest among the Indian companies for this program. During these years, several companies have managed to be ranked repeatedly among the Top 50. Given the dynamic market conditions and intense competition, this, by no means is an easy task.”
All eligible nominations in the Deloitte Technology Fast 50 India 2011 program automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2010 program, which recognises the 500 fastest growing technology companies in Asia Pacific. Participating companies encompass all technology industry segments including Software, Telecommunications / Networking, Computers / Peripherals, Internet, Semiconductor, Biotechnology, Media and Entertainment.
