Deloitte Touche Tohmatsu India Private Limited presented the Ninth edition of Deloitte Technology Fast 50 India program on the 18th October 2013. The Technology Fast 50 Program seeks to honor and encourage those companies who have been successful in achieving remarkable revenue growth rates using their technology, innovative business models and quality of human resources.
“The Deloitte Technology Fast 50 program measures revenue growth over three years, and to be recognized as one of the 50 fastest growing technology companies in India requires a sustained growth performance over the evaluation period, which is an impressive achievement,” said Rajiv Sundar, Senior Director, Deloitte in India. Congratulations to “Phoenix IT Solutions Ltd.” for their remarkable growth.”
This year, the top five companies showed a stupendous improvement in the average three-year revenue growth at 4017 percent, compared to 1947 percent last year and 910 percent the year before that, the highest average three-year revenue growth across all editions of the Fast 50 India program since 2005. And the average percentage growth for all the top 50 companies showed a remarkable improvement over last year’s total, at 657 percent, up from 432 percent in 2012 and 236 percent the year before that. All the top 50 winners of this year recorded a three year revenue growth in excess of 100 percent – a trend noted in six of the nine editions of the Fast 50 India program.
Mr.Sreehari M, VP-Finance and Mr.Winston Adams, VP-Corporate Affairs receiving the Award from Mr.P.N.Sudarshan, Senior Director and Ms.Manisha, Partner, Deloitte Touch Tohmatsu India at a grand function at ITC Gardenia, Bangalore on 18th October 2013.
Speaking on the occasion Mr.MuraliKrishna Gannamani, CEO & Managing Director expressed his happiness on winning this Award for the second consecutive year and said that Phoenix is committed and firmly believes in keeping it’s customers happy by delivering the best of the solutions designed for the Energy and Utilities sector with the motto “Customer is King”. He thanked all Phoenicians for giving their best and keeping pace with the demand of the industry. He also thanked the entire team at Deloitte for recognizing Phoenix IT Solutions commitment to the technology sector.