India's Growth Champions 2020

 

Statista and The Economic Times are proud to present the first edition of “India's Growth Champions 2020

 

RankBrand NameCAGR
2015-2018
Revenue 2018
(Rs. Cr)
Employees
2018
IndustryFoundedCity
1One 97 / Paytm312%3,232NAFinancial Services2010Noida
2GoBOLT257%54188Transport & Support Services2015Gurugram
3Saankhya Labs254%73105Aerospace, Defence & Security2006Bengaluru
4Razorpay243%197325Financial Services2013Bengaluru
5OfBusiness243%645387Financial Services2015Gurgaon
6LogiNext152%17195Technology2014Mumbai
7JetSetGo147%10757Transport & Support Services2014Delhi
8Siyaram Impex128%65610Industrial Goods2007Jamnagar
9BYJU'S127%1,2812300Health & Education2011Bengaluru
10Videonetics127%5343Technology2008Kolkata
11Kinara Capital126%141960Financial Services2011Bengaluru
12ixigo114%113146Ecommerce2006Gurugram
13Furlenco109%63350Ecommerce2012Bengaluru
14Ecozen Solutions93%69163Technology2010Pune
15Zomato93%1,3134875Ecommerce2010Gurugram
16Bizom92%28132Technology2008Bengaluru
17Comsat Systems90%29105Aerospace, Defence & Security1982Hyderabad
18NumberMall85%15104Technology2005Hyderabad
19LeadSquared85%34193Sales, Marketing & Advertising2011Bengaluru
20IndiQube85%100335Construction & Property2015Bengaluru
21Serosoft84%14115Technology2008Indore
22Blazeclan Technologies83%70235Technology2010Pune
23Thenpandian77%4990Industrial Goods2004Namakkal
24Lithium Urban Technologies77%47236Transport & Support Services2014Bengaluru
25Schbang76%37193Sales, Marketing & Advertising2015Mumbai
26TVS Next71%27320Technology1994Chennai
27Valueleaf68%65115Sales, Marketing & Advertising2009Bengaluru
28Supple Tek Industries68%5,980367Agricultural Commodities2013Amritsar
29Fusion Microfinance67%5124398Financial Services2010New Delhi
30Appscrip66%11120Technology2012Bengaluru
31SolarMaxx65%2390Energy2008Jaipur
32iMerit65%472500Technology2011Kolkata
33Wow! Momo56%1202200Food, Beverage & Restaurants2008Kolkata
34Sasmos55%293750Aerospace, Defence & Security2007Bengaluru
35Tiger Analytics54%46209Technology2012Chennai
36IndianMoney.com53%26580Financial Services2008Bengaluru
37Sequretek50%18320Aerospace, Defence & Security2013Mumbai
38Layon49%1075Industrial Goods2006Mumbai
39Office24by749%1260Sales, Marketing & Advertising2012Hyderabad
40Xoxoday48%107163Sales, Marketing & Advertising2012Bengaluru
41Anand Jewels47%303115Personal & Household Goods2008Indore
42Square Yards45%2202500Construction & Property2014Gurugram
43Brilliant Polymers45%29878Chemicals2011Mumbai
44Course5 Intelligence45%231896Sales, Marketing & Advertising2000Mumbai
45Nightingale45%17136Financial Services1987Guwahati
46Oasis Centre For Reproductive Medicine44%52237Health & Education2009Hyderabad
47BRIDGEi2i Analytics Solutions44%74400Sales, Marketing & Advertising2011Bengaluru
48NephroPlus43%1822589Health & Education2009Hyderabad
49M. V. Shoe Care43%2475Fashion & Beauty2008Noida
50Zoi Hospitals42%24169Health & Education2011Hyderabad
51Fork Media Group41%91178Sales, Marketing & Advertising2013Mumbai
52Dbind Wire Products40%1325Industrial Goods2013Navi Mumbai
53Chemcrux40%5564Chemicals1996Vadodara
54ZeMoSo Technologies40%14129Technology2012Hyderabad
55Global Stones39%137221Construction & Property2004Kolkata
56Adept Power39%3014Construction & Property2007Delhi
57GlobalSpace36%39110Technology2010Navi Mumbai
58Mukka36%407180Agricultural Commodities2010Mangaluru
59Banka BioLoo35%35350Waste management & recycling2012Hyderabad
60Dynacons35%3041058Technology1995Mumbai
61Suraj34%57103Construction & Property1986Mumbai
62Gramener34%24157Technology2010Hyderabad
63World Class Services33%24814842Transport & Support Services2011Indore
64Zifo RnD Solution32%99458Technology2008Chennai
65MSGP32%13130Waste management & recycling2007Bengaluru
66Ishan Group32%50359Media & Telecoms2007Rajkot
67Manglam31%6149Agricultural Commodities2008Bhadrak
68DreamzTech Solutions30%11151Technology2010Kolkata
69Ginesys30%29125Technology2006Gurugram
70Izmo29%92266Sales, Marketing & Advertising1995Bengaluru
71Manjushree29%1,0883498Industrial Goods1987Bengaluru
72Inspiredge29%18260Technology2012Visakhapatnam
73Forest Essentials28%225627Fashion & Beauty2003Noida
74Globus Infocom28%88174Technology2001Noida
75Integra28%315240Technology1982Bengaluru
76Himadri27%2,376932Chemicals1987Kolkata
77Athena Tradewinds27%46619Agricultural Commodities2010Indore
78Margdarshak Financial Services27%58798Financial Services1996Lucknow
79pH426%57411Food, Beverage & Restaurants2009Bengaluru
80Ramkrishna Forgings26%1,8071749Industrial Goods1981Kolkata
81Tuflite26%8855Construction & Property1998Bengaluru
82Jyothi Granite Exports26%87115Construction & Property2014Ongole
83Plasto26%391776Industrial Goods2010Nagpur
84Shivalik26%193312Industrial Goods1984New Delhi
85Sankalp26%55278Food, Beverage & Restaurants1980Ahmedabad
86Paramount Communications26%615289Industrial Goods1994New Delhi
87EFRAC26%14140Food, Beverage & Restaurants2012Kolkata
88Prem Motors24%1,9764369Automobiles1990Gwalior
89Jaisingh24%16135Automobiles2010Mumbai
90Sheetal Ice Cream24%2371000Food, Beverage & Restaurants2001Amreli
91Samrat Group24%884129Construction & Property2012Hyderabad
92SOBHA23%3,5163555Construction & Property1995Bengaluru
93Virinchi23%4071450Technology1990Hyderabad
94QBurst23%2251265Technology2004Trivandrum
95Birla Cable Ltd.23%502284Media & Telecoms1992Rewa
96Weizmann22%105311Fashion & Beauty1985Mumbai
97Jet Freight22%338144Transport & Support Services2006Mumbai
98Shree Cement22%11,4306299Construction & Property1979Beawar
99Bansal22%32105Financial Services1988New Delhi
100Coastal22%468614Food, Beverage & Restaurants1981Visakhapatnam
101Suprajit22%1,0581540Automobiles1985Bengaluru
102Newgen21%6212656Technology1992New Delhi
103Sirca21%125200Chemicals2006Delhi
104Baani21%356203Food, Beverage & Restaurants2014Patiala
105Krishi21%974475Agricultural Commodities2013Tamil Nadu
106Progressive Infotech21%911028Technology1998Noida
107Kuloday20%233355Personal & Household Goods1995Mumbai
108Hi-Tech Group20%9461Industrial Goods1988Aurangabad
109VMS Industries19%18040Waste management & recycling1991Ahmedabad
110Singhal Sintered19%1974Automobiles2011Kosi Kalan
111AKP FerroCast19%127350Industrial Goods2007Belagavi
112Fineotex Chemical19%182115Chemicals1979Mumbai
113Milk Mantra19%2031132Food, Beverage & Restaurants2009Bhubaneswar
114Environ18%14946Chemicals2001Mumbai
115Buildmet Fibres18%1821100Industrial Goods1999Bengaluru
116Premier Polyfilm Ltd.18%173432Industrial Goods1992New Delhi
117FutureWorks18%42200Media & Telecoms2007Mumbai
118Methoni18%16733Food, Beverage & Restaurants1929Kolkata
119PC Solutions17%253587Technology1995New Delhi
120Capital Numbers17%23205Technology2012Kolkata
121UB (United Bansal) Foods17%25347Agricultural Commodities2009Jalgaon
122Rani Kothi Group16%12130Food, Beverage & Restaurants2009Nagpur
123InfoBeans16%116762Technology2000Indore
124SVG Fashion16%221915Fashion & Beauty1994Mumbai
125Enrich15%1892179Fashion & Beauty1997Mumbai
126MAS Solar Systems15%14150Energy2010Coimbatore
127Pearl Distillery15%867257Food, Beverage & Restaurants1973Chennai
128Shemaroo Entertainment15%568492Media & Telecoms2005Mumbai
129Atishay14%26130Technology2000Mumbai
130Del Trade International14%23425Pharmaceuticals2010New Delhi
131Seagull Pharma14%49362Pharmaceuticals1984New Delhi
132Enzen14%1,546727Energy2006Bengaluru
133Ankur13%29190Personal & Household Goods1999Balasore
134Amoli13%463898Pharmaceuticals1991Mumbai
135Tulsi Tea13%104108Food, Beverage & Restaurants2011Ahmedabad
136Elanpro13%14669Industrial Goods2009Gurgaon
137Cupid12%88110Personal & Household Goods1993Nashik
138Banco12%308557Industrial Goods1967Vadodara
139Datametics12%1,13410000Technology1987Mumbai
140Gandhi Special Tubes12%13162Industrial Goods1985Mumbai
141AMN Life12%1542Pharmaceuticals2003Mumbai
142Ceinsys Tech12%1731498Technology1998Nagpur
143Matrimony.com11%3504379Ecommerce2001Chennai
144Mahati11%2060Energy2007Pune
145JK Paper10%3,2342441Industrial Goods1960New Delhi
146Adtech Systems10%57120Technology1990Chennai
147Agi-Infra10%81331Construction & Property2005Jalandhar
148Rubfila10%214288Industrial Goods1993Palakkad
149Uflex9%7,9758116Industrial Goods1988Noida
150Eram Scientific Solutions8%31156Waste management & recycling2008Thiruvananthapuram

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Methodology India's Growth Champions 2020

 

Application phase

The project was advertised online and in print, allowing all eligible companies to register via the websites created by Statista and The Economic Times. In addition, through research in company databases and other public sources Statista has identified more than 9.000 companies in India as potential candidates for the ranking. These companies were invited to participate in the competition by post, email and telephone.

The application phase ran from 24 May 2019 to 06 October 2019. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.

Criteria for inclusion in the list

To be included in the list of India’s Growth Champions 2020, a company had to meet the following criteria:

  • Revenue of at least 1 crore INR generated in 2015*
  • Revenue of at least 10 crore INR generated in 2018*
  • The company is independent (the company is not a subsidiary or branch office of any kind).
  • The company is headquartered in India
  • The revenue growth between 2015 and 2018 was primarily organic (i.e. "internally" stimulated)                                                                  

*or currency equivalent as of 31/12/2015 and 31/12/2018

Research phase

Following the application phase Statista examined the officially stated revenue data of further high profiling public companies in India and added them to the list.       

Calculation of growth rates

The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency. For better comparability in the ranking the revenue figures were converted into Indian Rupee. The average exchange rate for the financial year indicated by the company was used for this purpose.  

Disclaimer

Please note the following conditions: The term of agreement is one year from purchase date. The Economic Times is a registered trademark of the Times Strategic Solutions Limited. The Licensee acknowledges and agrees that the Times Strategic Solutions Limited shall have no liability whatsoever to the Licensee pursuant to this licence agreement or otherwise in relation to the “The Economic Times – India's Growth Champions 2020” ranking. The Licensee shall only use the “Economic Times” name or marks as part of the Seal for the purposes explicitly stated in this licence agreement, and in any event not in any manner which the Economic Times reasonably considers damages the goodwill or reputation of the Economic Times. The Licensee shall immediately cease such use if reasonably requested to do so by the Economic Times. The Licensee agrees that the Economic Times may enforce the terms of this licence agreement which specifically refers to, or grants rights to, the Economic Times. Licensee acknowledges and agrees that the Seal and the Logos and all right, title and interest therein, is and shall remain the exclusive property of the Economic Times and Statista respectively. Upon termination or expiration of this Agreement, the Licensee’s right to use the Seal and the Logos shall immediately terminate and all rights granted to the Licensee hereunder with respect to the Seal and the Logos shall automatically revert to the Economic Times and Statista without further notice. This Agreement contains the full and complete understanding of the parties with respect to the subject matter hereof and supersedes all prior representations and understanding, whether oral or written.