India has witnessed a major boom in the IT sector during the last decade. This boom has led to a rapid increase in the number of Indian IT firms. According to a Gartner report, the Indian IT services segment is estimated to grow by 15.7 percent, and the software sector, by 14 percent in 2015. A major contribution to this growth would be by fast-growing, Indian IT firms.
International IT giants like Infosys, TCS and IBM have inspired plenty of new Indian tech startups. Most of these startups established themselves in a short span of time and have been on a path of rapid growth. As the number of IT companies kicks into high-gear, the number of opportunities in the IT sector is also growing.
Let’s take a look at the five fastest-growing IT companies in India, along with their specialization areas and employee counts.
Happiest Minds Technologies, Private Limited (Happiest Minds)
Headquartered in Bangalore, India, Happiest Minds has offices in the United States, United Kingdom, Singapore and Australia. They have been recognized as one of India’s “Innovative 100” by Inc. Magazine. In 2013 Executive Chairman, Ashok Soota, was recognized as one of the “12 IT Gems of India,” by INFOCOM, India’s largest congregation of ICT professionals, buyers-sellers, corporate leaders, academicians, visionaries, and policymakers, for his contributions in creating and developing India’s IT industry.
The company offers an integrated set of disruptive technologies across different industries to enable digital transformation with an increased technology focus. It also provides information technology-based services that include big data; cloud computing; mobility solutions; business intelligence and visualization; and various web technologies.
Happiest Minds’ CyberVigil platform earned the “Gold” award at Security Products Guide’s 2015 Global Excellence Awards for innovation in Next Generation Security. Security Products Guide is the Industry’s leading information security research and advisory guide. Happiest Minds’ ComplianceVigil and IdentityVigil platforms were also recognized as “Bronze Winners” in the Compliance and Identity Management categories respectively.
Revenue growth for the past three years had been 2,377 percent. Happiest Minds also makes a conscious effort to keep employees happy. With 1,450 employees, Management works hard to create a great working environment and culture. Ease of acclimation by new employees to the work environment, along with excellent learning opportunities, enables Happiest Minds to attract and retain some of India’s brightest IT talent.
For more details about Happiest Minds Technologies, visit their official website.
Zomato Media Private Limited (Zomato)
Zomato, the crown-jewel of Info Edge (India) Ltd., is an intense restaurant listing and review service that is aggressively expanding — during the past 12 months alone, Zomato acquired nine different restaurant search firms across the globe, including Urbanspoon, a major player in the U.S., Canada and Australia. If you like to work hard and run fast, then this is your type of company. Recently they even partnered with Uber in 13 countries.
Zomato, founded in 2008 by CEO Deepinder Goyal, in New Delhi, enables users to check out the various menus, photos and ratings of restaurants before actually visiting them — an ideal way of selecting the perfect restaurant or pub for a hangout or date. Users can also share their own reviews of the restaurants they visit.
Zomato, through their website and mobile apps, has provided reviews, ratings and information for more than 1.4 million restaurants in 10,000-plus cities across 22 countries. Their valuation is fast approaching $1 billion (U.S.)
Although the company has more than 1,000 employees (who call themselves “Zomans”), management still considers Zomato a startup because of their way of thinking and work ethic. According to Glassdoor reviews, most of their employees are younger, enjoy the transparent work culture, have the freedom to express themselves and love to learn new things at work.
Management takes pride in describing Zomato as a “sink-or-swim” environment where things move fast. As they expand they are looking for a lot of great employees who like challenges and have a desire to succeed. As the official Zomato Blog puts it, “Who you are matters waaay more than where you’re from. You just need to have a fire raging in your belly and really want to get (poop) done!”
Vizury Interactive Solutions Private Limited (Vizury)
Vizury was founded by its CEO Chetan Kulkarni in 2008 in Bangalore and offers digital targeted and personalized advertising services — customized, dynamic ads that display on client websites based on a user’s behavior. The firm has clients from all over the world, working with some of the best known brands in more than 40 countries in industries like “travel and hospitality, e-commerce, healthcare, automotive and classifieds.”
Vizury’s flagship products are WebConvert and MobiConvert, which are cookie-based re-targeting solutions for website and mobile ads respectively. As per the Glassdoor review, the company has somewhere between 50 and 150 employees, and most of them (including the CEO) are very friendly and easily approachable. The firm rewards employees with frequent salary increments and provision of food in the office at very affordable prices. In a bid to make the work environment “employee friendly” the company implemented “Freaky Fridays” where they gather on alternate Fridays to celebrate birthdays, achievements, and so forth.
Vizury seems like a great place for employees who like to learn new technologies. The organization has a very high Glassdoor rating of 4. For additional information about Vizury, check out their official website.
Attinad Software Private Limited (Attinad)
Attinad started operations in 2010 with headquarters at Trivandrum. They specialize in the convergence of mobility, social computing and the cloud, as well as web analytics across various industry verticals. They are an industry leader in providing “consulting, technology and outsourcing services to clients in the U.S.A., Europe and Middle East.”
Some of its key products include SAP mobility solutions, CARROT enterprise mobility framework, and Meeting manager solution. Within just five years, Attinad has extended its reach globally with offices in the UAE and USA. Attinad puts a lot of emphasis on innovation and products. In 2013 they won Red Herring Magazine’s “Top 100 Asia Award.” Red Herring issues an annual list of the “most promising” private tech companies from the Asian business region. Past winners of the Award include Google, EBay and Skype.
In 2014 Attinad took ranked tenth in Deloitte Tech’s Fast 50 India Program, which ranks India’s fastest growing tech companies based on their percentage revenue growth over the last three financial years. The award is for revenue achieved growth rates by utilizing company technology, innovation and the quality of their human resources. Over the past three years, Attinad’s increase in revenue was 384 percent!
Attinad also gives employees freedom to innovate and express their ideas. Current and former employees considered the firm to be “very transparent” with easy access to top management. They received a high rating of 4.7 on Glassdoor — evidence that plenty of former employees enjoyed working with Attinad. To learn more, check out the official Attinad website.
LatentView Analytics Private Limited (LatentView)
LatentView Analytics was founded in 2006 by three far-sighted individuals, Pramad Jandhyala, Venkat Vishwanathan, and Ramesh Hariharan. The company’s focus is helping clients use their data to develop and deploy analytic solutions. They help clients make better business decisions, maximize consumer value, and improve employee efficiency and productivity.
The company offers consulting services such as Big Data Analytics, Digital and Social Media Analytics, Marketing Science Analytics, and Customer Analytics. LatentView’s expertise in Big Data has led to it’s being listed as an advanced consulting partner for Amazon Web Services (AWS).
They have approximately 500 employees from diverse backgrounds, many from the India’s top schools, including MBAs, engineers, database professionals and statisticians. This is a good company for women — almost half of their workforce are women. The employee count stands at approximately 500.
The employees report having a good work-life balance due to the freedom they get within the work environment. Flex hours, relaxation time, and web-based tools for collaboration. Former and current employees praise the opportunities for employees to learn from each other with open interactions. There are a number of reviews available on the Glassdoor website, which gave LatentView a solid rating of 3.5.
For more information about this company, please visit their website.
Tech service providers in India are springing up rapidly. The ones who manage to stay in business will have new and innovative ideas on how to serve their customers. Possibly the most important factor for servicing their customers will be is their focus on the employee satisfaction. Happy teams, like the five firms listed above, often lead to great results!
Have you worked for one of these companies? Do you know of any other company we may have missed? Please let us know in the comments below, and thanks for reading.