50 Emerging Technology Companies
Date: Tuesday , April 30, 2013
India is known to have an enormous pool of ‘raw’ talent, both in terms of technically sound professionals as well as dynamic free thinking entrepreneurs. This mix of talent coupled with the increasing technology requirements of Indian businesses and government along with increased consumerization, will help the Indian IT Industry to grow to Rs.1.8 trillion by 2016, according to reports. The increased use of technology will also boost labor productivity and make businesses more efficient. The time is opportune to be in the tech business in India.
Entrepreneurship which was once a difficult path to tread in India is now witnessing a change in mindset as well. The industry is opening up to independent thinking and creativity. As a result we see several promising tech companies springing up. In fact, the number of early stage investments made by venture capitalists in India has increased by 60 perfect from 99 deals worth a total of $334 million in 2010 to 149 deals worth $397 in November 2012. To celebrate entrepreneurship and to reward such deserving technology companies in India, siliconindia presents to you ‘50 Emerging Technology Companies 2013’ in India. The yearly listing is spread across 5 expansive verticals – Enterprise Software, IT Services, Mobile, Enterprise IT Security and Internet.
This year we listed those companies which display the characteristics of long-term visibility, sustained growth, business focus, profitability and customer and employee value creation.
A distinguished panel comprising of Indian CEO's & CIO's of public companies, VC's, analysts, founders of other VC funded companies and the siliconindia editorial board decided on 50 Emerging Technology Companies. Our sole objective is to bring forth the hidden stories behind the founding of these companies to encourage potential entrepreneurs, because together we can build a ‘Shining India’. We congratulate the 50 finalists for achieving this vote of respect from industry leaders and wish each and every one of them a great future.