25 fastest growing companies announced
Winning firms break records in Middle East, South Asia.
ISLAMABAD:
AllWorld Network on Wednesday announced the winners of the Pakistan Fast Growth 25, a ranking system of the fastest growing companies.
The Pakistan Fast Growth 25 is a programme of the AllWorld Network in partnership with Harvard Business School professor Michael Porter and was launched in collaboration with JS Bank Limited, a press release said.
As a group, the 25 fast-growing Pakistani companies broke AllWorld records for high growth in the Middle East, Africa and South Asia. The companies, which made it for the Pakistan 25 list, posted an average 81 per cent annual growth between 2007 and 2009 with an average 400 employees per company. Since inception, these companies have created 12,000 jobs.
Leading the Pakistan 25 growth rankings are companies in construction, hi-tech and telecommunications, agriculture and textiles. Many of these companies are not just serving local markets, but are competing globally.
Of the 25 companies, Lahore had the highest 12 companies and Karachi came as a close second with 10 winners.
Leading the list is Exceed (Pvt) Limited of Islamabad, with a revenue growth of 1,350 per cent between 2007 and 2009. Exceed is primarily a construction company and is best known for the Saidpur Model Village which the company restored as an 18th century city-museum.
At number two is NayaTel, established in 2004 and has more than 500 employees. NayaTel laid South Asia’s first fibre to the home (FTTH)/fibre to the user (FTTU) network in Islamabad in 2006. At number three is Arpatech, which employs 70 people in Pakistan and is one of the most successful software houses serving companies all over the world with services from application development to network security.
As a group, the Pakistan 25 cites their major constraint to growth is finding qualified managers and employees. The second major hurdle to growth is government red tape, the release said.
Published in The Express Tribune, January 20th, 2011.
AllWorld Network on Wednesday announced the winners of the Pakistan Fast Growth 25, a ranking system of the fastest growing companies.
The Pakistan Fast Growth 25 is a programme of the AllWorld Network in partnership with Harvard Business School professor Michael Porter and was launched in collaboration with JS Bank Limited, a press release said.
As a group, the 25 fast-growing Pakistani companies broke AllWorld records for high growth in the Middle East, Africa and South Asia. The companies, which made it for the Pakistan 25 list, posted an average 81 per cent annual growth between 2007 and 2009 with an average 400 employees per company. Since inception, these companies have created 12,000 jobs.
Leading the Pakistan 25 growth rankings are companies in construction, hi-tech and telecommunications, agriculture and textiles. Many of these companies are not just serving local markets, but are competing globally.
Of the 25 companies, Lahore had the highest 12 companies and Karachi came as a close second with 10 winners.
Leading the list is Exceed (Pvt) Limited of Islamabad, with a revenue growth of 1,350 per cent between 2007 and 2009. Exceed is primarily a construction company and is best known for the Saidpur Model Village which the company restored as an 18th century city-museum.
At number two is NayaTel, established in 2004 and has more than 500 employees. NayaTel laid South Asia’s first fibre to the home (FTTH)/fibre to the user (FTTU) network in Islamabad in 2006. At number three is Arpatech, which employs 70 people in Pakistan and is one of the most successful software houses serving companies all over the world with services from application development to network security.
As a group, the Pakistan 25 cites their major constraint to growth is finding qualified managers and employees. The second major hurdle to growth is government red tape, the release said.
Published in The Express Tribune, January 20th, 2011.