Appinventiv, an emerging global leader in the IT space, has unlocked rapid yet steady revenue growth through its innovative and scalable digital transformation solutions. As a result, the company has secured the winning spotlight in the Deloitte Technology Fast 50 India 2023 Programme, joining the league of the top 50 fastest-growing tech companies in India. From 57.4 Cr in FY ’21 to 141 Cr in FY’23, Appinventiv has clocked impressive revenue growth of over 145%, reflecting strong financial health.
Acing The Tech Innovation Race
Considering how the IT industry has faced multiple global lockdowns and economic slowdowns in the last 3 years, tapping this revenue growth rate showcases the exemplary courage of Appinventiv’s 1500+ tech experts. As a result, the company won the top spot in the Digital & Cloud Tech category of Deloitte’s Technology Fast 50 Award.
The award felicitation ceremony took place at the JW Marriott, Bengaluru, on Thursday, 14 December 2023. Appinventiv’s CEO, Saurabh Singh, received the award from Manoj Kohli, Softbank India’s ex-country head and Bharti Airtel’s former CEO.
“This award is a testament to our commitment to delivering excellence through innovation and ingenuity to our clients over and over again. We believe in the philosophy of engineering exceptional digital products, and as a result, revenue has followed, culminating in this award,” said CEO Saurabh Singh.
To qualify for the Deloitte Technology Fast 50 India ranking, companies must have been in business for at least four years and must be incorporated in India. They must have a minimum operating revenue of INR 100 Crores in 2023, with an average 3-year growth rate of 75%. They must own proprietary intellectual property or proprietary technology, which must be sold to customers in products or services and/or use technology that contributes to a majority of the company’s operating revenues. Appinventiv has cleared all the eligibility criteria with top-end scores.
“Making the Deloitte Technology Fast 50 India ranking is a testament to a company’s commitment to technology,” remarked Peeyush Vaish, Partner and TMT Industry Leader, Deloitte Touche Tohmatsu India LLP. “With its work in the Digital and Cloud Tech category, Appinventiv has proven that its leadership has the vision, determination, and ability to adapt and grow in a fast-changing environment.”
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This story was first published on Business Standard
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