India’s Growth Champions 2020 ranks India’s fastest growing companies

Stock Analysis, IPO, Mutual Funds, Bonds & MoreIndia’s Growth Champions 2020 unveiledLast Updated: Jan 29, 2020, 05.47 PM IST|Original: Jan 29, 2020, 05.47 PM ISTA little more than 25 years ago, India embarked on a journey and economic liberalization that powered a growth wave unlike any in the country’s history. This culminated in the nation becoming a $3 trillion economy in 2019, and a quick look at the underlying fundamentals reveals that more is yet to come. Powered by a burgeoning middle class that’s expected to grow to 89 million households by 2025 with rising per capita incomes, India will be one of the largest consumer markets by the mid-21st century. The consumption base is one part of the equation, the other being a robust business ecosystem capable of meeting its demands. Here too, India has made rapid progress, jumping from 142nd in 2014 to 63rd in 2019 in the World Bank’s ease of doing business report. Clearly then, India has not just accelerated its growth, but done so while pursuing the goals of achieving macro-stability, inclusive and sustainable growth.But even in the midst of this growth story, there remain a few growth champions whose achievements are noteworthy.India’s Growth ChampionsIn any great story, a few memorable characters always stand out, and so it is too with India. The Economic Times and Statista are on the cusp of launching the inaugural edition of India’s Growth Champions 2020, an ambitious initiative that aims to highlight true accelerators of the Indian economy.The ranking identified the fastest growing companies among all Indian industries using specific criteria; companies had to have generated minimum revenue numbers over a three-year period to register and apply, be independent entities, and have primarily demonstrated organic growth. This ensured that the only companies included are those of genuine economic substance, sustainability, and credibility apart from being economic accelerators. The combination of these many factors ensured that those showcased in the ranking are justifiably called India’s growth champions.Talking about the initiative, Friedrich Schwandt, CEO & Founder of Statista, stated, “India has produced such a large amount of stellar companies over the years that it has become hard to keep track, even for engaged observers. That’s the reason why we decided to link arms with The Economic Times and launch this mega-research project; we wanted to provide an overview of the entrepreneurial superstars, the most impressive accelerators of the Indian economy.”Thomas Clark, Partner at Statista, raised a few pertinent points. “If you look closer at this inaugural ranking, you will see that it reflects the ongoing transformation of the Indian economy extremely well. 28% of the winners engage in traditional sectors such as industrial goods, construction and food. Yet, they were already surpassed by tech and financial services firms, which together account for 29%.”The numbers bear out India’s changing face; 40% of the growth champions come from Bengaluru, Mumbai, Hyderabad and Delhi, while Tech (21%), Industrial Goods (13%), Food, Beverage & Restaurants (8%), Construction & Property (7%), and Financial Services Companies (7%) make up a majority of the mix.Growth in focusWhile arguments abound around revenue v profitability, it is interesting to note that Amazon, one of the largest companies in the world, has never been particularly profitable as it focuses relentlessly on long-term growth. While profitability has been the most important currency historically, in the 21st century, explosive growth has been proven possible even with wafer thin profit margins. Given the emergence of Venture Capital and other means of financing, companies can remain afloat without profit being the be-all and end-all. Indeed, if you look at economic value, revenue growth is often the best currency, and revenue was chosen as a metric for this ranking as it is of value to the economy. These Growth Champions create innumerable jobs and opportunities and act as critical economic stimulants.Given the current cooling down of global economies, it is essential we hold aloft the stellar contributions of standout companies as exemplars of what can be achieved. This ranking will be an annual endeavour highlighting companies that are showing the way for others even in a challenging economic environment.Deepak Lamba, President, Times Strategic Solutions Limited, opined, “As one of the youngest economies of the world, India’s drive and enterprise is best reflected in these changemakers that have been rightly lauded as India’s Growth Champions. This one-of-a-kind ranking underlines the gold standard for growth and excellence, and we hope their feats will inspire the broader diaspora of India Inc. to aim ever higher as they script their own growth stories.”Growth is often a business priority, but also an elusive target. India’s Growth Champions represent a coterie of companies that have mastered the art of growing from strength to strength, year after year. In their successes lie lessons we can all glean wisdom from, for to seek growth is a deeply human instinct.RankBrand NameAbsolute revenue growthRevenue CAGR 2015-18Revenue 2018 (Rs. Cr)Number of employees 2018IndustryFounding YearCity1One 97 / Paytm6,891%311.9%3,232.0NAFinancial Services2010Noida2GoBOLT4,449%257.0%54.0188Transport & Support Services2015Gurugram3Saankhya Labs4,353%254.5%73.3105Aerospace, Defence & Security2006Bengaluru4Razorpay3,945%243.3%197.5325Financial Services2013Bengaluru5OfBusiness3,931%242.9%645.0387Financial Services2015Gurgaon6LogiNext1,509%152.5%17.1195Technology2014Mumbai7JetSetGo1,410%147.2%107.257Transport & Support Services2014Delhi8Siyaram Impex1,084%127.9%65.5610Industrial Goods2007Jamnagar9BYJU’S1,076%127.4%1,281.12300Health & Education2011Bengaluru10Videonetics1,069%127.0%52.643Technology2008Kolkata11Kinara Capital1,057%126.2%140.6960Financial Services2011Bengaluru12ixigo883%114.2%113.3146Ecommerce2006Gurugram13Furlenco808%108.6%63.1350Ecommerce2012Bengaluru14Ecozen Solutions624%93.5%68.6163Technology2010Pune15Zomato614%92.5%1,312.64875Ecommerce2010Gurugram16Bizom612%92.4%28.2132Technology2008Bengaluru17Comsat Systems586%90.0%29.0105Aerospace, Defence & Security1982Hyderabad18NumberMall535%85.2%14.5104Technology2005Hyderabad19LeadSquared531%84.8%33.9193Sales, Marketing & Advertising2011Bengaluru20IndiQube531%84.8%99.6335Construction & Property2015Bengaluru21Serosoft525%84.3%14.0115Technology2008Indore22Blazeclan Technologies514%83.2%70.0235Technology2010Pune23Thenpandian456%77.2%48.790Industrial Goods2004Namakkal24Lithium Urban Technologies452%76.7%46.8236Transport2014Bengaluru25Schbang442%75.6%37.3193Sales, Marketing & Advertising2015Mumbai26TVS Next398%70.7%27.3320Technology1994Chennai27Valueleaf378%68.5%64.7115Sales, Marketing & Advertising2009Bengaluru28Supple Tek Industries371%67.6%5,980.0367Agricultural Commodities2013Amritsar29Fusion Microfinance364%66.8%511.64398Financial Services2010New Delhi30Appscrip360%66.3%11.1120Technology2012Bengaluru31SolarMaxx353%65.4%22.890Energy2008Jaipur32iMerit347%64.8%47.12500Technology2011Kolkata33Wow! Momo282%56.3%120.02200Food, Beverage & Restaurants2008Kolkata34Sasmos270%54.6%293.3750Aerospace, Defence & Security2007Bengaluru35Tiger Analytics265%54.0%45.9209Technology2012Chennai36IndianMoney.com258%53.0%25.9580Financial Services2008Bengaluru37Sequretek238%50.1%17.6320Aerospace, Defence & Security2013Mumbai38Layon232%49.2%106.75Industrial Goods2006Mumbai39Office24by7228%48.6%12.360Sales, Marketing & Advertising2012Hyderabad40Xoxoday223%47.9%107.0163Sales, Marketing & Advertising2012Bengaluru41Anand Jewels221%47.5%303.3115Personal & Household Goods2008Indore42Square Yards206%45.1%220.02500Construction & Property2014Gurugram43Brilliant Polymers205%45.1%298.278Chemicals2011Mumbai44Course5 Intelligence205%45.0%230.9896Sales, Marketing & Advertising2000Mumbai45Nightingale203%44.7%16.9136Financial Services1987Guwahati46Oasis Centre For Reproductive Medicine199%44.1%52.3237Health & Education2009Hyderabad47BRIDGEi2i Analytics Solutions196%43.6%74.0400Sales, Marketing & Advertising2011Bengaluru48NephroPlus193%43.1%181.72589Health & Education2009Hyderabad49M. V. Shoe Care190%42.6%23.775Fashion & Beauty2008Noida50Zoi Hospitals186%42.0%24.0169Health & Education2011Hyderabad51Fork Media Group179%40.8%91.3178Sales, Marketing & Advertising2013Mumbai52Dbind Wire Products175%40.2%13.025Industrial Goods2013Navi Mumbai53Chemcrux175%40.1%55.364Chemicals1996Vadodara54ZeMoSo Technologies172%39.6%13.9129Technology2012Hyderabad55Global Stones169%39.1%137.4221Construction & Property2004Kolkata56Adept Power169%39.0%29.914Construction & Property2007Delhi57GlobalSpace152%36.2%39.2110Technology2010Navi Mumbai58Mukka151%36.0%407.4180Agricultural Commodities2010Mangaluru59Banka BioLoo148%35.4%35.4350Waste management & recycling2012Hyderabad60Dynacons145%34.7%303.81058Technology1995Mumbai61Suraj142%34.3%57.0103Construction & Property1986Mumbai62Gramener140%33.9%23.7157Technology2010Hyderabad63World Class Services133%32.6%247.714842Transport & Support Services2011Indore64Zifo RnD Solution130%32.1%98.8458Technology2008Chennai65MSGP128%31.6%12.9130Waste management & recycling2007Bengaluru66Ishan Group128%31.6%50.3359Media & Telecoms2007Rajkot67Manglam125%31.1%60.749Agricultural Commodities2008Bhadrak68DreamzTech Solutions119%30.0%11.2151Technology2010Kolkata69Ginesys119%29.8%29.3125Technology2006Gurugram70Izmo115%29.0%92.2266Sales, Marketing & Advertising1995Bengaluru71Manjushree114%28.9%1,088.03498Industrial Goods1987Bengaluru72Inspiredge114%28.8%18.5260Technology2012Visakhapatnam73Forest Essentials111%28.2%224.7627Fashion & Beauty2003Noida74Globus Infocom110%28.1%88.3174Technology2001Noida75Integra110%28.0%315.5240Technology1982Bengaluru76Himadri106%27.3%2,376.0932Chemicals1987Kolkata77Athena Tradewinds103%26.6%465.919Agricultural Commodities2010Indore78Margdarshak Financial Services102%26.5%57.8798Financial Services1996Lucknow79pH4102%26.3%56.6411Food, Beverage & Restaurants2009Bengaluru80Ramkrishna Forgings101%26.3%1,806.71749Industrial Goods1981Kolkata81Tuflite101%26.1%87.955Construction & Property1998Bengaluru82Jyothi Granite Exports100%26.0%87.4115Construction & Property2014Ongole83Plasto100%26.0%391.0776Industrial Goods2010Nagpur84Shivalik99%25.8%193.0312Industrial Goods1984New Delhi85Sankalp99%25.7%55.1278Food, Beverage & Restaurants1980Ahmedabad86Paramount Communications99%25.7%614.5289Industrial Goods1994New Delhi87EFRAC98%25.5%14.0140Food, Beverage & Restaurants2012Kolkata88Prem Motors93%24.4%1,975.94369Automobiles1990Gwalior89Jaisingh90%23.9%161.435Automobiles2010Mumbai90Sheetal Ice Cream89%23.7%237.21000Food, Beverage & Restaurants2001Amreli91Samrat Group89%23.7%884.0129Financial Services2012Hyderabad92SOBHA87%23.2%3,515.63555Construction & Property1995Bengaluru93Virinchi86%23.1%407.11450Technology1990Hyderabad94QBurst85%22.7%224.51265Technology2004Trivandrum95Birla Cable Ltd.84%22.5%502.3284Media & Telecoms1992Rewa96Weizmann84%22.4%104.7311Fashion & Beauty1985Mumbai97Jet Freight83%22.4%337.5144Transport & Support Services2006Mumbai98Shree Cement83%22.3%11,430.16299Construction & Property1979Beawar99Bansal81%21.9%31.7105Financial Services1988New Delhi100Coastal80%21.7%468.5614Food, Beverage & Restaurants1981Visakhapatnam101Suprajit80%21.7%1,058.51540Automobiles1985Bengaluru102Newgen79%21.4%620.62656Technology1992New Delhi103Sirca78%21.1%125.3200Chemicals2006Delhi104Baani77%21.0%356.0203Food, Beverage & Restaurants2014Patiala105Krishi77%20.9%974.2475Agricultural Commodities2013Tamil Nadu106Progressive Infotech76%20.8%91.11028Technology1998Noida107Kuloday74%20.4%233.4355Personal & Household Goods1995Mumbai108Hi-Tech Group71%19.7%94.361Industrial Goods1988Aurangabad109VMS Industries70%19.3%180.140Waste management & recycling1991Ahmedabad110Singhal Sintered69%19.2%19.274Automobiles2011Kosi Kalan111AKP FerroCast69%19.0%126.9350Industrial Goods2007Belagavi112Fineotex Chemical68%18.8%182.3115Chemicals1979Mumbai113Milk Mantra67%18.6%203.41132Food, Beverage & Restaurants2009Bhubaneswar114Environ66%18.3%148.646Chemicals2001Mumbai115Buildmet Fibres65%18.1%181.61100Industrial Goods1999Bengaluru116Premier Polyfilm Ltd.63%17.8%172.8432Industrial Goods1992New Delhi117FutureWorks63%17.7%42.1200Media & Telecoms2007Mumbai118Methoni63%17.7%15.6733Food, Beverage & Restaurants1929Kolkata119PC Solutions61%17.2%252.8587Technology1995New Delhi120Capital Numbers61%17.1%23.4205Technology2012Kolkata121UB (United Bansal) Foods58%16.6%253.547Agricultural Commodities2009Jalgaon122Rani Kothi Group58%16.4%12.4130Food, Beverage & Restaurants2009Nagpur123InfoBeans56%16.1%115.5762Technology2000Indore124SVG Fashion56%15.9%220.7915Fashion & Beauty1994Mumbai125Enrich53%15.2%189.42179Fashion & Beauty1997Mumbai126MAS Solar Systems52%14.9%13.6150Energy2010Coimbatore127Pearl Distillery52%14.9%866.7257Food, Beverage & Restaurants1973Chennai128Shemaroo Entertainment51%14.8%567.8492Media & Telecoms2005Mumbai129Atishay48%13.8%26.0130Technology2000Mumbai130Del Trade International47%13.8%233.725Pharmaceuticals2010New Delhi131Seagull Pharma46%13.5%49.2362Pharmaceuticals1984New Delhi132Enzen46%13.5%1,546.0727Energy2006Bengaluru133Ankur46%13.4%28.6190Personal & Household Goods1999Balasore134Amoli45%13.3%462.8898Pharmaceuticals1991Mumbai135Tulsi Tea44%13.0%104.0108Food, Beverage & Restaurants2011Ahmedabad136Elanpro44%12.9%145.669Industrial Goods2009Gurgaon137Cupid40%11.9%87.9110Personal & Household Goods1993Nashik138Banco39%11.6%308.1557Industrial Goods1967Vadodara139Datametics39%11.6%1,133.510000Technology1987Mumbai140Gandhi Special Tubes39%11.5%130.662Industrial Goods1985Mumbai141AMN Life39%11.5%14.942Pharmaceuticals2003Mumbai142Ceinsys Tech39%11.5%173.41498Technology1998Nagpur143Matrimony.com37%11.2%350.14379Ecommerce2001Chennai144Mahati36%10.9%20.160Energy2007Pune145JK Paper34%10.1%3,233.62441Industrial Goods1960New Delhi146Adtech Systems33%10.0%57.3120Technology1990Chennai147Agi-Infra33%10.0%80.6331Construction & Property2005Jalandhar148Rubfila32%9.8%213.7288Industrial Goods1993Palakkad149Uflex29%8.9%7,974.88116Industrial Goods1988Noida150Eram Scientific Solutions27%8.4%30.7156Waste management & recycling2008ThiruvananthapuramFor further information, please visit https://www.statista.com/page/growth-india.For all queries, please e-mail rajesh.khubchandani@timesgroup.com. Commenting feature is disabled in your country/region. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s