GoodWorkLabs Ranked 5th Fastest Growing Technology Company on the Deloitte Technology Fast 50 India 2016
Company records an average three-year growth rate of 1112% over three years.
- (1888PressRelease) November 18, 2016 - GoodWorkLabs today announced that it ranked 5th on the Deloitte Technology Fast 50™ India 2016, a ranking of the 50 fastest growing technology companies in India. Rankings are based on percentage revenue growth over three years. GoodWorkLabs grew 1112 percent during this period.
Sonia Sharma, Managing Director and Founder, GoodWorkLabs credits rigorous perseverance and product market adeptness with the company's average growth of 1112% over the past three years. She said, "GoodWorkLabs has emerged as a leader in the premium product and app development sector not only in India, but globally. The biggest names in the industry from Fortune 500 clients to startups want to work with us for we have evolved a DNA of creating path-breaking products. Deloitte Fast 50 Award is significant because it showcases our growth despite being bootstrapped which is outstanding, clearly outpacing the competition. It marks the beginning of the next leg of growth for us. Our endeavour now will be to become a global powerhouse with strong business units in different industry verticals and geographies."
"Winning the Deloitte Fast 50 Award for 2016 showcases and legitimizes our rapid growth over the past 3 years. This is the most prestigious award in the industry where the numbers do the talking and it's not some subjective selection. The numbers have spoken and we have won! This is a milestone event for GoodWorkLabs!" expressed Vishwas Mudagal, CEO and Co-Founder of GoodWorkLabs. He adds, "We see a strong demand for our services and products in the technology and mobility sectors. Clients globally want to automate processes and move towards a larger mobile environment, backed with secure infrastructure. GoodWorkLabs is a leader in this segment with a successful track record. We will continue to grow rapidly in terms of revenue, headcount and client base in multiple geographies."
"Attracting enough customers to attain such fast growth over three years makes a strong statement about the quality of a company's product and its leadership," said Rajiv Sundar, Partner, Deloitte in India. "GoodWorkLabs has shown the right calibre for growth."
About Deloitte Technology Fast50 India Program:
The Technology Fast50 India program, which was launched in 2005, is conducted by Deloitte Touche Tohmatsu India LLP (DTTILLP), and is part of a truly integrated Asia Pacific program recognizing the India's fastest growing and most dynamic technology businesses (public and private) and includes all areas of technology - from internet to biotechnology, from medical and scientific to computers/hardware. The program recognizes the fastest growing technology companies in India based on their percentage revenue growth over the past three financial years.
About GoodWorkLabs:
GoodWorkLabs is a world-leading outsourced product development company that designs and builds mobile apps, software products and games for top clientele globally. With offices in Bangalore, Kolkata and San Francisco Bay Area, the company is growing at 500% year-on-year and has established itself as a premium tech provider for Fortune 500 companies and startups. The company is led by industry veterans Vishwas Mudagal, CEO & Co-founder, and Sonia Sharma, MD & Founder, and is a valued member of NASSCOM.
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