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The India 25 Leading Indicators Report
|THE INDIA 25 – LEADING INDICATORS
6 September 2010
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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 Indiaʼs 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 AllWorldʼs 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 world’s “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 India’s 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.
- 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 email@example.com.
India 25 Complete Data Report: *
*All data except revenue statistics represents the 2010 India 25 companies. The revenue summary excludes companies in the CTW category.
|Revenue and Growth Rate
|Total (Aggregate) Revenue/Turnover
|Average Growth Rate (07-09):
|Median Growth Rate (07-09):
|Average CAGR (07-09):
|Median CAGR (07-09):
|Total Number of Employees
|Average Number of Employees
|Median Number of Employees
|Jobs Created 2007-2009
Average age of Companies: 9 years
|Average age of CEOs
|Median age of CEOs
|Average age of CEOs at founding first company||28|
|Average age of CEOs at founding current company||28|
Other companies founded by CEO
|Other companies founded
|Comapnies still in existence
Do you have plans to start any additional businesses in the next 2-3 years?
|Number of companies to be started||17|
Which industry classification best describes your country?
|Construction & Engineering
|Health & HealthCare||2
|High-Tech & Telecommunications
|Professional, Scientific & Tech Services
|Travel & Tourism||2
|Public Relations, Media & Publishing, Advertising & Marketing||2
|Art & Design||1
|Agriculture & Mining
What percentage of your company’s sales revenue comes from the following areas?
||2009(%)||2012 Projected (%)|
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-yera expenses
|% Financed with own funds||63%
In the next two years do you expect to:
|Two Year Plan
|Bring in outside investors||68
|Acquire another company in my industry
|Go public (IPO)
|Merge with another company
|Sell to another company
|Acquire a company in a different industry, what industry?||8|
|None of the above||4|
|Pass on to children or family members||0|
Have you helped your employees start new businesses?
|Number of companies still in existence
What workforce strategies do you offer management AND non-management employees?
Ongoing skills training courses and programs
|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
|Flexible work schedules||80|
|Individual career development plans
|Healthcare benefits in addition to salary||52|
|Equity in the company: % of company equity held by employees||48|
|Structured mentorship program for employees||36|
|Profit sharing plan||20|
|Home ownership benefits in addition to salary||20|
|Opportunities for the disabled at your company||12|
|Higher education benefits in addition to salary|
Which of the following factors are a constraint to your current growth? Select the top 3.
|Constraints to Growth||%|
|Finding qualified managers
|Finding qualified employees
|Government Regulations/Red tape||24|
|Shortage/cost of long-term finance
|Competing against foreign firms securing space for expansion||20|
|Shortage of orders/Reduced demand
|Shortage/cost of working capital
|Lack of government support for smaller companies||8|
|Securing visas for employees
|Not being paid on time by customers
What percentage of your revenue do you use for R&D (new product or new service development)?
|0 to 10%||60^|
|11 to 20%||24%|
|More than 20%||16%|
How do you expect your company’s sales to change over the next 6 months?
|Decline by 5 to 25%
|Rise by 5 to 25%
|Rise by over 25%
|Stay mostly the same||0%|
How do you expect your company’s employment to change over the next 6 months?
|Decline by 5 to 25%
|Rise by 5 to 25%
|Rise by over 25%
|Stay mostly the same||4%|
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