Mindteck ranked amongst the fastest growing technology firms in Asia
Bangalore, December 18, 2008: Mindteck (BSE: MDTK), a global Technology and IT Services Company today announced that it ranked 310 on the Deloitte Technology Fast 500 Asia Pacific 2008, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years.
Mindteck grew 186 percent during this period. The Technology Fast 500 list is compiled from Deloitte’s Technology Fast 50 India 2008 programs, nominations submitted directly to the Technology Fast 500, and public company database research. Deloitte determines the average percentage growth of fiscal year revenue over three years.
In addition to ranking on Deloitte’s Technology Fast 500, Mindteck ranked 41on the Deloitte Technology Fast 50 India 2008, which is a ranking of the 50 fastest growing technology firms in India.
Pankaj Agarwal, Managing Director and Group CEO of Mindteck, said, “Being one of the 500 fastest growing technology companies in Asia Pacific is a significant recognition for us”. “With 186% growth rate over three years, Mindteck has demonstrated its commitment and leadership in the Information Technology industry. We are focusing at sustaining the growth in the coming years”, he added.
"Making the Deloitte Technology Fast 500 is commendable in today’s highly competitive technology industry," said Ian Thatcher, partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. "We congratulate Mindteck on being one of the 500 fastest growing technology companies in the region."
To qualify for the Technology Fast 500, entrants must have had first year operating revenues of at least US$50,000. Growth rates of the top five firms have more than doubled over figures of 2007. This was the first occasion Mindteck participated in Technology Fast 500.
About Deloitte
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About Mindteck
Mindteck is a global Technology and IT Services Company that delivers business and technology solutions to a wide range of Fortune 500 companies, multinationals, and successful small and medium enterprises around the globe. It has offices and development centers in India, USA, UK, Germany, Netherlands, Singapore, Malaysia, and Bahrain. Core software solutions and services include Business Applications Consulting, Embedded Systems, SAP Enterprising Consulting, and Security, Infrastructure & Managed Services.
The Company is publicly listed on the Bombay Stock Exchange, India. Mindteck is an ISO 9001:2000, ISO 27001:2005, ISO 13485 certified, and a SEI CMMi Level 5 assessed Company.
