Recently, Financial Times along with Statista ranked companies based on their three-year aggregated CAGR. Out of Asia’s top 1000 high growth companies, the list had a total of 271 Indian startups, including Zomato, Delhivery, Loginext, infibeam, Grabon, Chai Point among many others.
Accounting for 134 of the companies that made the list, Tokyo emerges as the top city, followed by Mumbai on 60 and Sydney on 52. Technology was the most represented sector, followed by industrial goods and healthcare.
Talking to Chai Point founder Amuleek Singh Bijral, he said, “the Chai Point mantra from its inception has been to go after the ritual of chai. The last mile delivery of chai, in a country, which is one of the largest producer and importer of tea, is broken. The omni-channel approach adopted by us has enabled the Company to be in the fast growth trajectory. Being able to establish a multi-platform oriented business has presented us with multi-fold growth opportunities in the seven cities that we are currently present in. ”
Accounting for 134 companies in the list Tokyo emerged as the top city, followed by Mumbai (60) and Sydney (52). While the list had majority of technology companies, the minority included industrial goods and healthcare.
Considered companies were based out of 11 of the region’s more developed markets: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea and Taiwan.
FT quoted, “As well as those who applied directly, Statista examined the official revenue data of more than 14,000 public companies in the 11 participating territories to find suitable entrants. In the next step all companies that met the criteria were added to the list.”
Top 5 High Growth Indian Companies
Furlenco registered a revenue growth of 3,941% with CAGR growth at 243.2%
Olympia Industries registered a revenue growth of 3,638% with CAGR growth at 234.4%
Polestar Solutions and Services India
Polestar Solutions and Services India registered a revenue growth of 2,927 % with CAGR growth at 188.3%
Loginext Solutions registered a revenue growth of 1,991 % with CAGR growth at 175.5%
Trendsutra Platform Services
Trendsutra Platform Services registered a revenue growth of 1,656 % with CAGR growth at 159.9%