How TIME and Statista Determined India’s Fastest Growing Companies
TIME and Statista have launched the inaugural list of India’s Fastest Growing Companies, analyzing firms that have achieved the highest percentage growth in revenues between 2021 and 2024. The project was compiled both through applications and independent online research. During the application phase, the project was advertised online, allowing all eligible companies to register via websites created by Statista and TIME. In addition, through research in company databases and other public sources, Statista has identified thousands of companies in India as potential candidates. These companies were invited to participate by email, telephone, and WhatsApp. The application phase ran from September 1, 2025, to December 31, 2025. The submitted revenue figures had to be certified by the CFO, CEO, or a member of the Executive Committee of the company.
[time-brightcove not-tgx=”true”]Methodology
To be included in the list of India’s fastest growing companies, a company had to meet the following criteria:
- Revenue of at least $100,000 (₹1 Crore) generated in 2021. (The following fiscal years were considered for 2021: April 1, 2021 – March 31, 2022)
- Revenue of at least $1.5 million (₹15 Crore) generated in 2024. (The following fiscal years were considered for 2024: April 1, 2024 – March 31, 2025)
- The company is independent (the company is not a subsidiary or branch office of any kind)
- The revenue growth between 2021 and 2024 was primarily organic (i.e. “internally” stimulated)
- Companies with three or fewer employees or companies that are not a legal entity were required to deliver further proof concerning their revenue numbers
In the research phase following the application close, Statista examined the officially stated revenue data of more than 1,000 public companies in India. In the next step high-profile companies that met the aforementioned criteria were added to the list. The data has been collected via desk research in annual reports.
The calculation of company growth rates is based on the revenue figures submitted by the companies. The compound annual growth rate (CAGR) was calculated as follows:
((revenue 2024 / revenue 2021) ^ (1/3)) – 1 = CAGR
For evaluation and quality assurance, all data reported by the companies was processed and checked by Statista. Missing data entries (employee numbers, address data, etc.) were researched in detail. Companies that did not fulfill the criteria for inclusion in the ranking were deleted. The minimum average growth rate required to be included in the ranking this year was 6.8%.
Disclaimer: The ranking of TIME was created through a complex procedure. Although the search was very extensive, the ranking does not claim to be complete, as some companies did not want to make their figures public or did not participate for other reasons.