Chennai November 9th, 2006: Aspire Systems, India’s leading Outsourced Product Development Company, has been recognized as one of the fastest growing technology companies in the country under Deloitte Technology Fast 50 India 2006 Program. The awards ceremony is being held on November 25th, 2006 at the Taj Mahal Hotel, Delhi. According to Mr. Gowri Shankar Subramanian, CEO, Aspire Systems, “it’s an honor to be recognized as an organization that can consistently create value for its customers worldwide as well as inculcate an environment which influences one’s thinking in the way products are built .” Now in its second year, the program ranks the top 50 fastest growing technology companies in India based on their percentage revenue growth over the last three financial years, ownership of proprietary technology and research and development initiatives amongst others. Participating companies can be public or private, and encompass all technology industry segments including communications, computers and peripherals, Internet, life sciences, semiconductors and software. The Deloitte Technology Fast 50 India program is determined through nominations and public | Eligibility Criteria for Deloitte Technology Fast 50 India 2006
To be eligible for the Deloitte Technology Fast 50 India program, a company must meet the following criteria: Be a technology company, defined as: Owns proprietary technology that contributes to a significant portion of the company’s operating revenues. Using other companies’ technology in a unique way does not qualify. Manufactures a technology-related product. Devotes a significant proportion of operating revenues to research and development of technology. Operating revenues must be at least USD$ 50,000 in the first year of the three years being analyzed. Be in business a minimum of three years. Be headquartered within India. Subsidiaries or divisions are not eligible (unless they have some public ownership and are separately traded). |
