TIME and Statista have launched their first-ever ranking of India’s fastest growing companies, analyzing businesses that delivered the highest percentage revenue growth between 2021 and 2024. The project was compiled through a combination of open company applications and independent online research. During the application period, the project was promoted online, allowing all qualifying companies to register via dedicated websites built by Statista and TIME. Additionally, Statista combed through company databases and other public sources to identify thousands of Indian companies as potential candidates for the list. These companies were invited to participate via email, telephone, and WhatsApp. The application window ran from September 1, 2025, to December 31, 2025. All submitted revenue figures were required to be officially certified by the company’s CFO, CEO, or a sitting member of its Executive Committee.

Ranking Methodology

To earn a spot on the list of India’s fastest growing companies, a company had to meet all of the following eligibility criteria:

  • A minimum of $100,000 (₹1 Crore) in revenue generated in 2021. (The relevant fiscal period counted for 2021 is: April 1, 2021 – March 31, 2022)
  • A minimum of $1.5 million (₹15 Crore) in revenue generated in 2024. (The relevant fiscal period counted for 2024 is: April 1, 2024 – March 31, 2025)
  • The company must be fully independent (it is not a subsidiary or branch office of any other entity)
  • Revenue growth between 2021 and 2024 was primarily organic (i.e. driven by internal business operations)
  • Companies with three or fewer employees, or entities that are not formally registered legal entities, were required to provide additional supporting proof to verify their reported revenue numbers

After applications closed, Statista entered the post-application research phase, where it reviewed the officially stated revenue data of more than 1,000 public companies across India. Next, high-profile companies that met all the aforementioned criteria were added to the final ranking list. All data was collected via desk research of company annual reports.

Calculations for company growth rates are based on the revenue figures submitted by participating companies. The compound annual growth rate (CAGR) is calculated using the following formula:

((revenue 2024 / revenue 2021) ^ (1/3)) – 1 = CAGR

For evaluation and quality assurance, all data reported by companies was processed and cross-checked by Statista’s team. Any missing data entries (such as employee counts, address information, etc.) were researched and verified in detail. Companies that did not meet all eligibility criteria for the ranking were removed from consideration. The minimum average growth rate required to be included in this year’s ranking was 6.8%.

Disclaimer: TIME’s ranking was created through a complex, multi-step process. Even though our research was very extensive, the ranking does not claim to be fully comprehensive, as some companies declined to make their financial figures public or did not participate for other reasons.