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Pakistan ranks second in Arabia Fast Growth 500 list

Published: December 5, 2011

Turkey tops the list with 117 companies, Saudi Arabia at third with 40.

Pakistan has the second largest number of fast-growing companies among 15 regions including Middle East, North Africa and Turkey, according to 2011 Arabia Fast Growth 500.

A total of 70 companies from Pakistan made it to the list of Arabia500, with Turkey topping the list with 117 companies and Saudi Arabia ranking third with 40.

Arabia500 is a project by AllWorld Network which aims to bring together the fast-growing companies of the world based on their yearly growth, number of employees and revenue generation.

E2E Supply Chain Management tops Pakistan’s list with a growth rate of 1,918% in the Transportation and Aviation Industry between the years 2008-2010. Founded in 2006, the company has a 2010 revenue range of $50-200 million and 297 employees.

Exceed Private Limited comes second in Pakistan’s list with a growth rate of 1,320%, revenue range of $10-50 million and 90 employees in the Construction and Engineering Industry.

Companies from Pakistan which made it to the list include Rozee.pk, Folio3, Vita Pakistan Limited, The HobNob Group, Iqra National University-Iqra Trust and others.

The least number of companies are from Yemen and Syria with one from each, while two companies from Palestine also made it to the list. Other countries in Arabia 500 include Algeria, Bahrain, Egypt, Jordan, Lebanon, Morocco, Qatar, Tunisia and UAE.

The winners are invited to the Arabia 500 Awards Ceremony and Global Entrepreneurship Summit in Turkey which takes place from December 3-6.

Companies from Pakistan

Rank  Company Name Growth Rate (%) Growth Period Revenue Range Industry
1 E2E Supply Chain Management (Pvt) Ltd. 1,918% 2008-2010 50-200 million USD Transportation and Aviation
3 Exceed Private Limited 1,320% 2008-2010 10-50 million USD Construction and Engineering
4 Fund Marketing International 954% 2008-2010 1-5 million USD Import/Export Trade
8 Almoiz Industries 477% 2008-2010 10-50 million USD Agriculture and Mining
10 Innovative Technologies Pvt. Ltd (Luscious Cosmetics) 392% 2008-2010 < 1 million USD Consumer Goods
12 Etimaad Engineering (Pvt) Limited 388% 2008-2010 10-50 million USD Construction and Engineering
13 Arbisoft (Pvt.) Ltd. 385% 2008-2010 < 1 million USD Software Services and Products
17 Umer Trading Company 337% 2008-2010 < 1 million USD Import/Export Trade
20 Rozee.pk 304% 2008-2010 < 1 million USD Recruitment and Training
23 Taneez (Pvt) Ltd 271% 2008-2010 < 1 million USD Construction and Engineering
26 Student Shelter In Computers 229% 2008-2010 < 1 million USD Education
28 i2c Inc 217% 2008-2010 5-10 million USD High-Tech and Telecommunications
32 Empowerment thru Creative Integration (ECI) Pvt Ltd 194% 2008-2010 < 1 million USD Professional and Consulting
34 KBK Electronics (Pvt.) Ltd. 186% 2008-2010 10-50 million USD Consumer Goods
38 Naya Tel Private limited 173% 2008-2010 5-10 million USD High-Tech and Telecommunications
39 Dawood Family Takaful Limited 171% 2008-2010 1-5 million USD Finance and Insurance
43 Sonya Travels (Pvt) Ltd 157% 2008-2010 10-50 million USD Travel and Tourism
44 Folio3 149% 2008-2010 1-5 million USD Professional, Scientific and Tech Services
45 Medialogic Pakistan 146% 2008-2010 1-5 million USD Professional and Consulting
47 Seagold Private Limited 143% 2008-2010 10-50 million USD Transportation and Aviation
50 Tradekey Private Limited 136% 2008-2010 1-5 million USD Professional, Scientific and Tech Services
55 Karma Enterprises Private Ltd 127% 2008-2010 1-5 million USD Textiles and Fashion
57 Frontier Foundry Private Ltd (FF STEEL) 122% 2008-2010 10-50 million USD Manufacturing and Packaging
58 Meskay and Femtee Trading 119% 2008-2010 50-200 million USD Agriculture and Mining
60 Roshan Packages Pvt.Ltd 116% 2008-2010 10-50 million USD Manufacturing and Packaging
64 Sofizar Private Limited 109% 2008-2010 1-5 million USD High-Tech and Telecommunications
65 SPEL – Synthetic Products Enterprises Limited 105% 2008-2010 5-10 million USD Manufacturing and Packaging
68 ExpressPac Private LTD 98% 2008-2010 1-5 million USD Consumer Goods
73 Abacus Consulting Technology (Pvt) Ltd. 83% 2008-2010 10-50 million USD Professional and Consulting Services
76 Shaigan Pharmaceuticals Private Ltd. 79% 2008-2010 5-10 million USD Health and HealthCare
78 S. K. Stones Pvt Ltd./Amish Marble 78% 2008-2010 1-5 million USD Construction and Engineering
79 Iqra National University-Iqra Trust 75% 2008-2010 1-5 million USD Education
82 iTextiles 75% 2008-2010 5-10 million USD Textiles and Fashion
86 City University of Science and Information Technology 71% 2008-2010 1-5 million USD Education
91 Cotton Web(pvt) Ltd 64% 2008-2010 10-50 million USD Textiles and Fashion
105 Interwood Mobel 52% 2008-2010 10-50 million USD Construction and Engineering
106 Southern Travels (Pvt) Ltd 49% 2008-2010 10-50 million USD Travel and Tourism
107 Egas Pvt. Ltd 47% 2008-2010 < 1 million USD Energy and Power, Water
109 Riaz Textile Mills (PVT) Limited 45% 2008-2010 50-200 million USD Textiles and Fashion
111 Descon Engineering Limited 41% 2008-2010 200-500 million USD Construction and Engineering
116 International Trading Corporation 36% 2008-2010 < 1 million USD Import/Export Trade
117 Malang Gas Link 36% 2008-2010 10-50 million USD Conventional Energy
125 Inbox Business Technologies 28% 2008-2010 10-50 million USD Software Services and Products
127 Mustang Security Services (Pvt) Limited 28% 2008-2010 5-10 million USD Computer Networking and Software
130 City University and Peshawar Model Degree College(Boys) 27% 2008-2010 < 1 million USD Education
131 Rawalpindi Flour and General Mills Ltd 27% 2008-2010 1-5 million USD Agriculture and Mining
133 Vita Pakistan Limited 27% 2008-2010 10-50 million USD Food Industries
134 Techlogix Pakistan Pvt. Ltd. 26% 2008-2010 10-50 million USD Software Services and Products
136 Multilynx 25% 2008-2010 10-50 million USD High-Tech and Telecommunications
148 Remington Pharmaceutical Industries (Pvt) Ltd. 15% 2008-2010 5-10 million USD Manufacturing and Packaging
149 Kestral Trading 14% 2008-2010 1-5 million USD Professional and Consulting Services
151 Corvit Networks 14% 2008-2010 1-5 million USD High-Tech and Telecommunications
153 Faysal Asset Management Limited 12% 2008-2010 1-5 million USD Finance and Insurance
157 The HobNob Group 10% 2008-2010 < 1 million USD Food Industries
159 Creative Chaos (Private) Limited 10% 2008-2010 1-5 million USD Software Services and Products
163 Ideal Distribution Line 10% 2008-2010 1-5 million USD Computer Networking and Software
160 Royal Group 10% 2008-2010 1-5 million USD Import/Export Trade
Start-Up to Watch A2Z Creatorz < 1 million USD E-commerce and Web services
Start-Up to Watch Bramerz (Pvt) Ltd < 1 million USD E-commerce and Web services
Start-Up to Watch Gizelle Communications < 1 million USD Media, Publishing and Printing
Start-Up to Watch Hillcrest Solutions (Private) Limited 1-5 million USD Professional and Consulting Services
Start-Up to Watch Mint Consulting Group (MCG) 1-5 million USD Professional and Consulting Services
Start-Up to Watch Moftak Solutions < 1 million USD Software Services and Products
Start-Up to Watch Mustang HRMS (Pvt) Limited 1-5 million USD Professional and Consulting Services
Start-Up to Watch Optimedia Pvt. Ltd. 1-5 million USD Media, Publishing and Printing
Start-Up to Watch Ovex Tech 1-5 million USD Professional and Consulting
Start-Up to Watch LOGIX College < 1 million USD Education
Start-Up to Watch M/s. Saiduddin and Co. < 1 million USD Professional and Consulting
Start-Up to Watch Onstyle Sports < 1 million USD Textiles and Fashion
Start-Up to Watch Smartek < 1 million USD Construction and Engineering

 

A version of this post originally appeared on ProPakistani.

Reader Comments (32)

  • Asad
    Dec 5, 2011 - 4:49PM

    Great! Keep it up!

    Recommend

  • scorp
    Dec 5, 2011 - 5:14PM

    now that’s a good news for both India and Pakistan,indeed India can relax now since Pakistan pleated and flown away to middle east

    “Arabia500 is a project by AllWorld Network which aims to bring together the fast-growing companies of the world based on their yearly growth, number of employees and revenue generation”

    may i know which world is that..???

    Recommend

  • Umair Waheed Sheikh, Khayban e Hafiz,IBA Karachi
    Dec 5, 2011 - 5:23PM

    E2E are just a bunch of thieves. I ordered something and they not only didnt deliver the consignment but have lost its contents and now blame me for booking the consignment on a holiday. These companies are just like Ponzi Schemes.

    Recommend

  • Farhan
    Dec 5, 2011 - 5:36PM

    What a wonderful news. Nothing can come out better than this because many of these companies are small and nascent and has all the chances to expand them in regional countries.

    The other noticeable thing is that these companies are from diversified sector that is from food to IT and from textile to education.

    Recommend

  • Adil
    Dec 5, 2011 - 5:42PM

    Pheeww.. Good to see India was kept out otherwise all the spots they would have taken. To tell you the truth we are the No.1 economy in South Asia if you dont consider India.Recommend

  • Yuri Kondratyuk
    Dec 5, 2011 - 5:44PM

    That must mean that Arab countries are at the cutting edge of economic development and competitiveness.

    Recommend

  • Imran Mohammad
    Dec 5, 2011 - 6:51PM

    @scorp, India is mahan, is the best best country that every has been and will be, it is so progressive that milk and honey flows in every street, all people worry about is Yoga, Bollywood and IT without worrying about corruption/poverty/insurgencies.

    Please let small guys like us ,Pakistanis, be happy with our little achievements. :->

    Recommend

  • Anjum
    Dec 5, 2011 - 7:03PM

    This is good to know, and gives confidence to a lot of pakistanis. Inshallah this is just the beginning and pakistan will secure good growth. With a big domestic need and consumer base we can propel our economy in a healthy way. No offence, but China and India do have massive problems controlling their society and economy once the growth steams out and in recession times. More easier in a smaller economy like pakistans.
    The Governement should start giving these companies domestic orders in an open tender and through heatly competition so they gain experience. In the future these companies will be be amble exporters too and generate revenue to Pak.
    Our Engineering field should have good demand in ME and MAGREB countries, due to our culture and language/script linkage.
    My dream is that one day every Pakistani will be wealthy enough to have a security level like in Europe. Inshallah.

    Recommend

  • sundar
    Dec 5, 2011 - 7:32PM

    @Adil:
    Yeah, we got the truth. Pakistan will be number one in the world if you don’t consider the rest of the nations.

    Recommend

  • Farhaan
    Dec 5, 2011 - 7:39PM

    Is this a joke?? Since when have we gone to Middle East. Please dont try these tactics when we cant compete with India.. If there was a business forum of Somalia and Pakistan only even then we would have occupied all the spots.

    Recommend

  • scorp
    Dec 5, 2011 - 8:02PM

    @Imran Mohammad : first i am not here to stir up anything over here,but just to point out a deliberate attempt of a Turkish pipe dreamer’s idea to make them look bigger than what actually they are.Either you can understand it or you can be happy with the report, but i would reserve my right to question the report, why is Indonesia or Malaysia are missing from the list,if included Turkish look like puny or bumblebee

    Recommend

  • Singh
    Dec 5, 2011 - 8:12PM

    let see
    2011 Arabia Fast Growth 500 = Infosys India

    Recommend

  • Khurram the Muhajir
    Dec 5, 2011 - 8:23PM

    Pakistani entrepreneurs are leaving in droves.

    Recommend

  • Shiaa Pakistani
    Dec 5, 2011 - 9:20PM

    @scorp:
    It is middle east .Recommend

  • Shiaa Pakistani
    Dec 5, 2011 - 9:26PM

    @Farhaan:
    Are you like serious Indian? Pakistan is the third largest investor in Dubai free zone and numerous other zones across middle east.

    Recommend

  • Dec 5, 2011 - 10:28PM

    Vienna,December 5,2011
    First lead Arabia, then Islamic world then take the rest of
    the world. GOOD LUCK abroad, Pakistan sovereign has
    been in exchange leased to the single United Arab Emirates!!!!
    Taravadu Taranga Trust for Media Monitoring TTT MM India
    –Kulamarva Balakrishna

    Recommend

  • fahim
    Dec 5, 2011 - 10:54PM

    great competition… algeria, jondan, yemen, syria… ha ha.. joke of the day. why not pick some from africa? like somalia, congo, ethiopia? we indeed live in fools paradise.

    Recommend

  • rafi
    Dec 6, 2011 - 12:42AM

    No Engro on the list? it has to be seen how they are formulating the list.

    Recommend

  • Shiaa Pakistani
    Dec 6, 2011 - 2:17AM

    @fahim:
    Fool’s paradise Indian? Have you ever been to Algeria or Jordan? Nope? so what’s the fuss about?
    Secondly, this is exactly like when you compare India with Pakistan. How can India be ever compared to Pakistan considering its economies of scale.

    Indians do live in a fool’s paradise.

    Recommend

  • man.IN
    Dec 6, 2011 - 2:25AM

    in few years TCS = All the companies of Middle East[M.E. includes pakistan as well].

    Recommend

  • Zeeshan
    Dec 6, 2011 - 5:29AM

    Look at Indians here. I thought your economy is teetering as we speak. We know your obsession for your billionaires. That’s why they owned much of your country’s wealth. Secondly, the Arab world feed you Indians, how could you reduce them to be a lower world? Many of you Indians will give up Mumbai for Dubai anytime you get a chance and yet you look down at the Arab world? The Arab cities are clean, beautiful and magnificent. Not one Indian cities could come close to that. Food for thought.

    Instead of ridiculing this small Pakistan’s achievements, go and pay attention to your 10% Inflation and currency slipping down the market. Hell is breaking loose: http://timesofindia.indiatimes.com/business/india-business/India-may-face-its-worst-financial-crisis-in-decades-as-rupee-retreats/articleshow/10993042.cms

    Recommend

  • Shiaa Pakistani
    Dec 6, 2011 - 5:38AM

    @fahim:
    My friend. It is you who is living in a fool’s paradise. Do you consider wealthy countries like Algeria to be like Somalia

    Recommend

  • reformistani
    Dec 6, 2011 - 7:57AM

    The comments from Indians here truly betrays their mentality.

    First, to our geniuses from across the border… whether you like it or not Pakistan is considered – the greater middle east by the United Nations. We are a cross-roads civilization at the intersection of central asia, south asia and the greater middle east. Pakistani territory is a few kilometers away from the arabian peninsula. We are on the arabian sea. Pakistan is similar to Turkey which sits at the intersection of Europe, Asia and the greater middle east. Gwardar was an Omani colony. It is perfectly adequate for Pakistan to be part of this list.

    Second, your bragging about Infosys and TCS is obnoxious and nauseating on a pakistani newspaper on a pakistani (ahem middle east) topic completely unrelated to you. For five decades, Pakistan GDP growth % was greater than India’s. Did we brag like you? I hope not. It was only in the 90s the america outsourced to modern day tech-serfs.

    Third, I would live in Turkey, Algeria or Jordan ANY DAY over incredible, shiny India. Your bragging is strange since 4 million Indians choose to live in the Middle East instead of India!

    Fourth, to the misguided gentleman who thinks Tata Consulting Services is equal to all of middle east, Let Tata catch up to ARAMCO first then it can take on the whole middle east.

    Fifth, to the Indian belittling Turkey, do you know what their per capita income is compare to anyone in South Asia? Are there 700 million people living in sub-saharan conditions in Turkey?

    Sixth, Learn to give some recognition to others. We are in the middle of tremendous strain, war, yet we sustain, create, build no matter how small…. Learn to give some credit. Afridi was right.

    reformistaniRecommend

  • sajid
    Dec 6, 2011 - 8:16AM

    28 out of these 70 companies have revenues of 5 million or less. A high growth rate on a small base like that cannot be compared with growth rate of companies who are a reasonable size like Descon engineering limited.

    I just did a small exercise. I added up the revenues of these 70 fastst growing companies by taking midpoiint of the range. So for a company in 50-200 m range I took it as 125 m, for 10-50 million I took it as 30 million. Of course some maybe larger and some maybe smaller, so average should work out.

    The total revenues of all these 70 companies put together was less than 1.5 billion dollars.

    While Pakistani people have a right to feel happy about any good news coming from their country – perhaps they want to keep some perspective about how good it really is.

    As you can see I am not making any comparison with India since that is not the point of this article anyway.

    Recommend

  • scorp
    Dec 6, 2011 - 10:52PM

    reformistani:your comparison of ARAMCO with TATA shows your ignorance more than anything,first ARAMCO is a (completely)state owned privately run organization which directly comes under their ministry of oil and gas,FYI if you take ARAMCO out of KSA, Saudi’s economy make Somalia look more attractive if not better.

    Recommend

  • Cherish
    Dec 6, 2011 - 11:21PM

    Is this a list of Arab companies?- No, Turkey are not Arab
    is this a list of Muslim companies? No, where is Indonesia and Malaysia?
    Is this a list of Middle Eastern companies?- No, where is Israel and Iran
    This is just a list to make the Turks, the Pakistanis and the Saudis happy
    Yeah its difficult to get into the Fortune 500 or the Forbes Global 2000, so let us make an arbitrary list to revel in self- glorification !

    Recommend

  • Shah
    Dec 7, 2011 - 2:08AM

    All I can say is… ha ha ha ha ha ha ha ha! :) At the story as well as the comments!

    Recommend

  • Christian Pakistani
    Dec 7, 2011 - 2:16AM

    @Cherish:
    Bro, Why would Turkey include Israel who nobody has contacts with and Iran who everyone hates right now? Your thinking is betraying you
    @scorp:
    You mean even if there is SABIC, Bin Ladin corp, Kingdom Holding, Al Rajae group of companies, Somalia would still be better? :O

    Trust me Indian, don’t bite the hand that feeds millions of Indians in Saudi.

    Recommend

  • reformistani
    Dec 7, 2011 - 3:24AM

    @scorp

    Indians, first you make a foolish boast that TCS is equal to all of middle east companies. upon correction, you start talking about whether ARAMCO is private or public. are you making rules as you go along? stay on point. Saudis have over a TRILLION DOLLARS invested in the world’s biggest, most profitable, most advanced companies. They could buy India 10 times over. You think just because you had a good decade, you are filthy rich compared to everyone else? There are 1.3 billion Indians yet your GDP economy is smaller than tiny ITALY. How dare you insult other countries like Somalia? 700 million Indians live worse than Somalis. The others 600 million seem to be on Pakistan-related news forums!

    Second, so what if the list is arbitrary. Pakistan IS PART OF central Asia & greater middle east i.e. Turkey. pakistan was part of central asia for 5000 of the last 5500 years. If some private organization or publication wants to include a select group in a summit, what is your problem? Maybe they want to enhance bilateral, cultural ties?

    Third, Are we allowed to discuss our own companies irrespective of their revenues? This is a Pakistani newspaper. guess what? we are going to discuss and celebrate local entrepreneurs.

    reformistani

    Recommend

  • Khalid
    Dec 7, 2011 - 10:32AM

    This list is neither here nor there. Reason is that it is tracking the companies based on the growth. I can start a shop, and in year 1 there is hardly any sale as I am setting up. Next year, there will be increase in sale as I am maturing, and in year three I may reach my sustainable levels. So put in numbers, if I am selling 10 units in year 1, 50 units in year 2 and 100 units in year 3, then my year on year growth will be 500% in year 2 and 200% in year 3. Now this is all misleading. What needs to be seen is overall growth of the industrial sectors and economy as a whole….. I would like to see those numbers…

    Recommend

  • Nasir
    Dec 9, 2011 - 8:36PM

    @Kulamarva Balakrishna:
    Always pointless.

    Recommend

  • Tony Singh
    Dec 14, 2011 - 9:55PM

    @reformistan
    If Saudis could, they would have bought India 10 times over. Only they cannot. “Dil behalane ke liye khayal acha hai”.
    On a serious note, as pointed out by one of the commentators, companies having small base has higher rate of growth, Say if company A has turn over of Rs1million in one month and Rs2million in next your growth rate is 100%, But if company B has turnover of Rs10million in a month and Rs15million the next, your growth rate is 50% over that period. But in absolute terms comany B has done RS13million worth more business. Statistics can be misleading.
    BTW TCS is the world’s second largest service provider. Next only to IBM. But then one can argue TCS is no longer an Indian company. ts transnational.
    The difference between Saudi/ middle eastern and other economies is that other economies are not based on oil. And that is a BIG difference considering 80% + of Indian import bill is of oil.

    Recommend

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