Deloitte India 2023 Technology Fast 50

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 2023 is ending, and we all acknowledge what a year it was. We saw a burst of opportunities, remarkable achievements and a surge in revenues for several companies. To honour these companies for their incredible contribution, Deloitte India's 2023 Technology Fast 50 Programme rewards the fastest-growing tech companies. It also celebrates businesses demonstrating consistent innovation, adaptability, and a unique ability to leverage technology for sustained growth. The Top 50 winners of 2023 exemplify resilience, ingenuity, and the spirit of creating formidable solutions that shape India's technological landscape.

Started in 2005, the programme aims to recognize and applaud tech-enabled businesses on their three-year average revenue growth. 


Over the years, Deloitte India has become the most coveted and awaited recognition for the tech entrepreneurs of the nation. The list encompasses some of the highly competitive, new-age, agile businesses that focus on revenue and growth to resolve numerous societal challenges including issues of sustainability, financial inclusion, medical technology etc. 

 

Companies from various sectors like Sustainability Tech, Fast 5, Lending Tech, FinTech, Med Tech, Health Tech, Manufacturing Tech, and Data and Analytics Tech have received the most coveted titles. 

 

Here's a sneak peek into the Deloitte India 2023 Technology Fast 50 event and learn about the companies that received the prestigious title! 

 

A Major Announcement on Community Action Plan (CAP)

 

Deloitte TechFast50 2023 event announced the Community Action Plan (CAP) that aims to foster a series of knowledge-driven sessions foster collaboration and cultivate ideas to drive India's transformation. CAP involves the active participation of founders, industry leaders, academia, the alumni network, facilitating the exchange of knowledge and experiences

 

This can help Tech leaders gain support for governance guidance and go-to-market outreach throughout the year. 

 

Commenting on the programme, Peeyush Vaish, Partner and TMT Industry Leader, Deloitte India talked about the company's commitment to celebrate & collaborate to bring out the “bold, bespoke, and bright” ideas to the forefront. The programme aims to strengthen, educate and collaborate with the tech ecosystem. 

 

He further states, 

 

“A notable 300 nominations received this year is a testament to the growing relevance and maturity of the emerging technologies that need a direction and boost as most founders start well but do not focus on building a solid risk governance policy-led framework. Our community action plan is aligned to guide tech leaders in their respective growth paths. 


Key Enhancements to TechFast50 Awards 

 

Following were some of the key enhancements to the TechFast50 Awards:

 

Engaging Distinguished Jury: The selection process underwent meticulous restructuring, led by a respected jury of industry leaders, introducing an additional layer of expertise to identify and commend outstanding achievements.


Emphasis on Quality: The qualitative evaluation process complements conventional assessment of quantitative revenue growth metrics that provide profound insight into the unique narratives behind each success story. 

 

Recognition across diverse sectors: To improve inclusivity and recognize the impact of technology across different industries, the awards ceremony featured 15 categories, encompassing Sustainability Tech, MarTech, FarmTech, MedTech, HealthTech, FinTech, Manufacturing Tech, and People Tech.


Emerging Key Industries 


FinTech

 

The Fintech industry in India is undergoing a revolutionary transformation, fueled by technological advancements and changing consumer preferences. Characterized by rapid innovation, digital adoption, and regulatory support, India's Fintech landscape is reshaping traditional financial services. 

 

The Indian Fintech Industry remained the third- highest funded in the world in the first half of 2023

 

  1. Perfios Software Solutions Pvt. Ltd. 

  2. Defmacro Software Pvt. Ltd. (ClearTax)

  3. Mintifi Finserve Pvt. Ltd. 

  4. Girnar Insurance Brokers Pvt. Ltd (InsuranceDekho)

  5. Innoviti Technologies Pvt. Ltd. 


Fast 5

 

The “Fast 5” category is a dynamic segment that highlights the fastest-growing technology-enabled businesses. These exemplary companies stand out for their remarkable three-year average revenue growth showcasing exceptional innovation, adaptability and adept leveraging technology to achieve substantial success in the competitive business landscape. This year, the esteemed "Fast 5" category focussed on tapping outstanding performers across various sectors. The following are the notable achievers:

 

  1.  FarMart Service Pvt. Ltd. 

  2.  Mensa Brand Technologies Pvt. Ltd. 

  3.  Redcliffe Lifetech Pvt. Ltd

  4.  Saveo Healthtech Pvt. Ltd. 

  5.  KiranaKart Technologies Pvt. Ltd. (Zepto)


Mar Tech


MarTech refers to the use of technology to streamline marketing processes, enhance customer engagement, and optimize overall marketing strategies. The Marketing Technology (MarTech) industry in India has experienced significant growth and transformation in recent years, reflecting the broader global trends in digital marketing and technology integration. Following are some of the notable businesses that have received the prestigious title:

 

  1.  MindTickle Interactive Media Pvt. Ltd. 

  2.  Valueleaf Services (India) Pvt. Ltd. 

  3.  Samast Technologies Pvt. Ltd (MagicPin) 

  4.  Webklipper Technologies Pvt/ Ltd (WebEngage) 


As the spotlight focuses on the innovative trailblazers, the Deloitte India 2023 Technology Fast 50 reflects the indomitable spirit of companies shaping the future. These tech-driven enterprises exemplify the essence of growth, resilience, and the transformative power of technology in rewriting India's success story. Discover the Hall of Fame for Deloitte Tech Fast 50 and a glimpse into various sectors and companies that have received the prestigious award. 

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