Several Davids have stumbled severely in the business world due to the coronavirus pandemic and the preceding economic slowdown that had started worldwide. Yet, there are many nimble and agile Goliaths who have managed to not only stay afloat but keep growing rapidly in turn. These are exceptional entities across several business sectors that have been moving towards progress and expanding amidst adversities. The sheer scale of this achievement can be understood when you consider how the Indian economy was moving towards a slowdown even before COVID-19 like the rest of the world. Also, COVID-19 has wiped out several companies from the map altogether while forcing other established names to reorganize, reset and count their losses.
However, the exceptions in the Indian business world across industries or the fastest growing Indian companies have been highlighted by ET. The Economic Times India’s Growth Champions 2021 is the second edition of the event. The prestigious rankings have been compiled in collaboration once again with Statista. For being eligible to apply and register, companies should be independent entities with organic growth and of course, a certain revenue threshold between 2016/17 and 2019/20.
ET aims at highlighting the mercurial growth and rapid progress of these companies who have been making waves in their respective sectors. Some leading brands in the list include Zomato, Kinara Capital, upGrad, Razorpay, Wakefit, Welspun Enterprises, Paytm, Mahindra First Choice, SaaS Labs, Radico Khaitan, Jubilant FoodWorks, InstaSafe and Indiabulls Ventures among numerous others.
Square Yards had previously achieved the 42nd rank in the list for 2020. It has now climbed up to the 37th position as a trailblazer in the Indian real estate industry. The company achieved absolute revenue growth of a whopping 221% between 2016/17 and 2019/20 while CAGR stood at 47.5% for this period in terms of revenues. The company managed to post handsome revenues of 298.2 crore for 2019/20 as well. Tanuj Shori, Founder and CEO at Square Yards, also posted about the incredible accomplishment of the company while promising to do even better in the future. As India’s foremost real estate ecosystem, Square Yards is on the cusp of superlative growth ahead.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.