THE LEADING INDICATORS OF INDIA’S NEXT ECONOMY

INDIA Fast Growth 25 Fast Facts
September 6, 2010
 
The India 25 companies have created 6,903 jobs and expect to grow strongly in 2010.
They are the Leading Indicators of India’s Next Economy 

AllWorld Network has created “The India Fast Growth 25” uncovering the next wave of
vetted, test-driven growth entrepreneurs from India. Companies large and small made
the list, working in many different industries from software to healthcare, from travel to
media.

As a group, the India 25 grew an astonishing 481% between 2007 and 2009, much
higher than other AllWorld Rankings in the Middle East and Africa. These 25 emerging
companies created 6,903 jobs since inception; most expect to grow 50% or more in the
next six months, and the majority plan to start another company in the next two years.
Speaking to the global orientation of the companies, almost 50% of their revenues are
generated from outside India.

The India 25 was created by AllWorld Network, in partnership with Entrepreneur

Magazine, PHD Chamber, Tie Network, Nexus Ventures and Mumbai Angel Network.
Companies from around the country were invited to apply. Every business must clear a
specific series of financial and performance hurdles to qualify them as fast growth
companies and global standard entrepreneurs. 25 companies made the cut, putting
them on par with the best entrepreneurs from around the world.

The India 25 credentials fast growing private companies and puts them on the global
radar screen so that capital, talent and opportunities come to them and they reach their
potential as innovators and job creators. AllWorld calls this Visibility EconomicsTM.

The main constraint to growth most frequently reported by the companies is finding
qualified managers and employees. This is a growth constraint experienced universally
by growth companies, and there is an opportunity for job training programs, government
and HR recruiting firms to serve the specific needs of these companies.

The India 25 is divided into 19 Ranked Companies and 6 Companies to Watch. The 19
Ranked Companies meet AllWorld’s international criteria of size, age and performance,
and are ranked based on their sales growth between 2007 and 2009. There are 6



 

Companies-to-Watch – companies that show all the characteristics of a fast growth
company but are too small or too young. These are companies we believe will become
future contenders. For further information on the methodology is found below.

AllWorld plans to launch the India 100 later in 2010. All companies that make the India
25|100 become part of the regional Asia 500, and top winners are invited to attend the
AllWorld Summit at Harvard University. In addition to the Asia 500, AllWorld is creating
the Africa 500, Arabia500, Eurasia 500, and Latin America 500. For more information
about the winning companies or to apply to the Asia 500 visit www.AllWorldLive.com.

The India 25 Fast Facts

• The winners for India 25 represent 10 Industries, and the top 5 itself indicate the
diverse emerging high growth industries of India which are Information Technology,
Travel and Tourism, Media and Entertainment, Agriculture and HealthCare .

• The number 1 company is Redbus.in, one stop shop for bus ticketing service across
India, growing at 4823% between 2007 and 2009. Co-Founded by Phanindra Sama
and Charan Padmaraju, their vision is to maintain their market leadership position in
next 5 years.

• India 25 represents 8 cities with Mumbai and Bangalore represented by 6

companies each.

• The Ranked Companies average of 650 million Rupees in revenue in 2009, and 279
employees, with the smallest applicant having 23 million Rupees in revenue and the
largest close to 3.8 billion Rupees. The Companies to Watch are much smaller.

• The average cost of start Company was 9.1 million Rupees, 63% of the companies
were self financed at the inception.

• The founders were an average of 28 years old when they started their company. The
youngest founder was 17 when he started his business.

• India 25 also showcases the emerging focus on R&D in India, 40% of companies
invest over 10% of the revenue in R&D activities.

Economic Outlook - The Next Six Months and Beyond

• All the companies expect significant growth, with 76% predicting sales growth of 25-
50% in the next six months. They expect to add significant jobs commensurate with
their growth.

• 68% of companies want to bring in outside capital, while 68% want to accelerate
their growth inorganically through acquisition of another company in the same
industry. And, 16% of the companies hope to go public in the next two years.
 

• The India 25 CEOs have big plans, with over 56% of the India 25 applicants
planning to start another business in the next two years, which translated into 17
new companies.

• The India Fast Growth 25 are global. They project 51% of their revenue in 2012
from Asia or international markets, while already 47% of their revenue in 2009
comes from outside India.

AllWorld was co-founded by Deirdre Coyle, Jr., Anne Habiby and Board chairman
Harvard Business School professor Michael Porter. Professor Porter was described by
the Times of London as the worldʼs “most influential management guru” and is widely
regarded at the foremost authority on company and country competitiveness. “The
India 25|100 companies, led by dynamic men and women, represent the leading edge
of a new approach to Indiaʼs competitiveness” says Harvard Professor Michael Porter.

India 25|100 is a part of the Asia 500.

Asia 500 QUALIFYING CRITERIA

• Be an independent, private, for-profit, corporation or partnership, or proprietorship.

o Must NOT be a non-profit, holding company, franchise, bank or utility
company. Private companies established by government or where
government is a majority stakeholder are also NOT eligible.
• Have 6 or more full-time employees in 2009.
• Have a minimum 3-year operating history, and revenue (USD) of at least $100,000
in 2007 and $500,000 in 2009. Younger companies can compete to be a “Company
to Watch.”
• Provide audited statements or an audit letter to confirm your company's revenues.

To apply to the Asia 500, visit AllWorldLive.com or contact Asia 500 Director Manjari
Sharda at msharda@allworldlive.com
 

1
India 25 Complete Data Report:

Company Profile

Revenue and Growth Rate 2009

Total (Aggregate) Revenue/Turnover $

272,557,596

Average Revenue: $



14,345,137

Median Revenue: $






4,204,726

Average Growth Rate (07-09): 481%

Median Growth Rate (07-09): 161%
Average CAGR (07-09): 102%
Median CAGR (07-09): 61%


Employees

Employees 2009
Total Number of Employees 6903
Average Number of Employees 276
Median Number of Employees 100
Jobs Created 2007-2009 2312


Average Age of Companies: 9 Years

CEO Profile:

CEOs Profile
Average Age of CEOs 37

Median Age of CEOs 36

Gender
Male 92%
Female 8%
Average age of CEOs at founding first company 28

Average age of CEOs at founding current company 28

CEO Nationality

Nationality %
Indian 96%

USA 4%

Total 100%


Other companies founded by CEOs:

Other Companies Founded 29


Companies Still in Existence 24

































































1 All data except revenue statistics represents the 2010 India 25 companies. The revenue summary 

excludes companies in the CTW category.   
 


Do you have plans to start any additional businesses in the next 2-3 years?

Plan to start other businesses

Yes 14
No 11

Number of Companies to be started 17

CITY

City
 Count
 %

Mumbai
 6
 24%

Bangalore
 6
 24%

Chennai
 3
 12%

Kolkata
 3
 12%

Hyderabad
 3
 12%

Pune
 2
 8%

Gurgaon
 1
 4%

New
Delhi
 1
 4%

TOTAL
 25
 100%


INDUSTRY

Which industry classification best describes your company?

Industry
 Count
 %

Construction& Engineering 1
 4%

Health & HealthCare 2
 8%

High-Tech & Telecommunications 9
 36%

Professional, Scientific & Tech Services 5
 20%

Travel & Tourism 2
 8%

Public Relations, Media & Publishing, Advertising & Marketing 2
 8%

Art & Design 1
 4%

Agriculture & Mining 2
 8%

Consumer Goods 1
 4%

TOTAL 25
 100%


What percentage of your company’s sales revenue comes from the following
areas?

2012
Region 2009(%) Projected
(%)
India 53%
 48%
Asia 5% 10%
International 42% 42%
 

What were your total company expenses for the first 12-months of operations and
what percent of it did you finance with your own funds?

Average first year expenses: $ 202,288

% Financed with own fund 63%

Two Year Plan:

In the next 2 years do you expect to:

Two Year Plan %

Bring
in
outside
investors
 68%

Acquire
another
company
in
my
industry
 68%

Go
public
(IPO)
 16%

Merge
with
another
company
 12%

Sell
to
another
company
 8%

Acquire
a
company
in
a
different
industry,
what
industry?
 8%

Other
 8%

None
of
the
above
 4%

Pass
on
to
children
or
other
family
members
 0%


Have you helped employees start new businesses?



 %
Yes 24%
No 76%

Number of companies still in existence 17

What workforce strategies do you offer management AND non-management

employees?

Benefits %
Ongoing
skills
training
courses
and
programs
 96%

Quarterly
(or
more
frequent)
performance
assessments
 92%

Performance
based
financial
bonuses
 92%

Meetings
or
electronic
platform
where
employees
can
share
ideas
about

strengthening
the
company
 84%

Flexible
work
schedules
 80%

Individual
career
development
plans
 72%

Healthcare
benefits
in
addition
to
salary
 72%

Equity
in
the
company:
%
of
company
equity
held
by
employees
 52%

Structured
mentorship
program
for
employees
 48%

Profit
sharing
plan
 36%

Home
ownership
benefits
in
addition
to
salary
 20%

Opportunities
for
the
disabled
at
your
company
 20%

Other
 12%

Higher
education
benefits
in
addition
to
salary
 8%

 


Which of the following factors are a constraint to your current growth? Select the
top 3.

Constraints to Growth %
Finding
qualified
managers
 56%

Finding
qualified
employees
 52%

Government
Regulations/Red
tape
 24%

Shortage/cost
of
long‐term
finance
 20%

Competing
against
foreign
firms
securing
space
for
expansion
 20%

Other:
 20%

Shortage
of
orders/Reduced
demand
 16%

Shortage/cost
of
working
capital
 8%

Lack
of
government
support
for
smaller
companies
 8%

Securing
visas
for
employees
 8%

Not
being
paid
on
time
by
customers
 4%


What percentage of your revenue do you use for R&D (new product or new service
development)?

Range %
No
Response
 0%
0 to 10% 60%
11 to 20% 24%
More than 20% 16%
Total 100%

How do you expect your company’s sales to change over the next 6 months?

%
No Response 0%

Decline by 5 to 25% 0%

Rise by 5 to 25% 24%
Rise by over 25% 76%

Stay Mostly the Same 0%

Total 100%

How do you expect your company’s employment to change over the next 6
months?

%
No Response 0%

Decline by 5 to 25% 0%

Rise by 5 to 25% 84%
Rise by over 25% 12%

Stay Mostly the Same 4%
Total 100%