- Indian digital payments leader Paytm is the only Indian company to find a position according to the Financial Times among the top 10 high growth companies in the APAC region.
- India has given more than any other country for 140 of the companies on the list.
Indian digital payments leader Paytm is the only Indian company to find a position according to the Financial Times among the top 10 high growth companies in the APAC region. The company led by the Vijay Shekhar Sharma is sixth in the list of 500 companies. Australia’s Cover Genius, an insurance company has taken the top spot.
“Our main aim is to create a company that not only helps pull millions of Indians into the financial fold but also brings India on the world map as a hub for top technological innovations,” a Paytm spokeswoman said.
However, for the rating, FT did not take the unfolding of the COVID-19 crisis into account. Alternatively, it said Paytm is ranked 6th among highest growing companies in APAC Region by Financial TimesPaytm is ranked 6th among highest growing companies in APAC Region by Financial Times the rating indicates those businesses that already have the resources to survive the pandemic’s fallout.
Paytm’s annual revenue went up more than 66 times from $6.98 million in 2015 to $464.34 million in 2018, according to the study.
Many more Indian firms made it to the top 500. “India has given more than any other country for 140 of the companies on the list. But its best-performing cities fell short of the leaders Singapore (74), Tokyo (69), and Sydney (34), “by the number of companies ranked — four of which made it into the top 10,” the report said.
Also featured in the list are other Indian unicorns such as Byju’s (61), Zomato (94), along with other startups such as OfBusiness (17), Loginext (44), JetSetGo (47).
Companies that are not on the unicorn list have also managed to rank high on the list. GoBolt, a logistics startup, ranks 13th in the list, while Saankhya Labs, aeronautics and defense firm, bagged 15th.
The three fastest-growing companies on the list are an Australian insurance agency, an online lender headquartered in Hong Kong, and an Australian energy company — all of which have a CAGR of over 350 percent in 2015-18. Moving further down the top 20, it includes a wide mix of industries, including financial services, transportation, and technology.
The FT’s ranking of 500 high-growth Apac area companies is coming at an inauspicious moment for businesses. Although the data in the table below does not take the ongoing epidemic of coronavirus into account, it may help readers recognize those with buffers to escape the fallout. Indeed, the most innovative and imaginative should view the crisis as a catalyst for innovation, and can improve their positions in their respective markets in the medium term.
