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NewswireTODAY - /newswire/ -
Palo Alto, CA, United States, 2010/09/24 - AllWorld Network announced the India Fast Growth 25, a ranking of 25 fast growth companies.
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Appnomic Systems, a specialist provider of Remote based IT infrastructure management services and solutions was ranked at No 6 in this list. Click here to see the list. Companies from around the country were invited to apply to the India 25 and the fastest growing among them made the list. The India 25 winners are credentialed as global growth entrepreneurs and become part of the AllWorld Network of winners from the US, the Middle East, Africa and Asia. “The India 25 proves that India is a hot bed for high-growth entrepreneurs with an astonishing three-year growth rate of 481%, which is much higher that other AllWorld rankings in the Middle East and Africa, and the majority of the winners plan to start another company in the next two years,” said Deirdre M. Coyle, Jr., Co-Founder of AllWorld. “These winners define what it is to be a high-intensity entrepreneur, and we are thrilled they are now part of the AllWorld Network.”
Every business must clear a specific series of financial and performance hurdles to qualify them as fast growth companies and global standard entrepreneurs. Twenty five companies made the cut, putting them on par with the best entrepreneurs from around the world. Topping the India 25 as the number 1 ranked company is Redbus.in, a one stop shop website for bus ticketing services across India, which grew 4,823% between 2007 and 2009. Co-Founded by Phanindra Sama and Charan Padmaraju, their vision is to maintain and expand their market leadership position in the next 5 years. AllWorld (allworldlive.com) was co-founded by Coyle, Anne Habiby and Board chairman Harvard Business School professor Michael Porter. “The India 25 companies, led by dynamic men and women, represent the leading edge of a new approach to India’s competitiveness” said Professor Porter.
The India 25 was created in partnership with Entrepreneur Magazine, PHD Chamber, Tie Network, Nexus Ventures and Mumbai Angel Network. “The role of our partners in helping to create the India 25 is invaluable. They worked tirelessly to get the word out,” said Manjari Sharda, AllWorld Director of the India 25. “The momentum building around this program is phenomenal, and we look forward to launching the India 100 is the next few months.”
The winners are profiled in the September issue of Entrepreneur Magazine now at newsstands throughout India. “India 25 is an important milestone in India’s entrepreneurial journey. It has identified and recognized India’s future business leaders,” said Bipin Chandran, Chief Editor of Entrepreneur. Companies large and small made the list, working in many different industries from software to healthcare, from travel to media. Companies that applied were ranked based on their sales growth between 2007 and 2009 and younger growth companies could qualify as “Companies-to-Watch.” The company with the fastest growing sales between 2007 and 2009 earned the number one spot. Nineteen qualified as ranked companies and six as Companies-to-Watch.
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