These 10 mid-sized IT companies in India are growing very fast

These IT companies have been pacing ahead consistently, clocking strong returns in FY2015,  even as the overall market scenario remained  quite volatile. And with the right investment strategies and business models, they look poised for an impressive growth run in the near future. 

10. Zicom Electronic Security Systems

During FY15, Zicom scored a number of milestones that helped the company achieve an impressive 20% revenue growth. The fire security business of the company in the Middle East conducted under the two flagship subsidiaries, Unisafe Dubai and Phoenix Qatar, continued with its improved performance, despite slump in the global crude prices.

The Gulf fire safety business contributed 60% to the top line of the company. However, the working capital deployment for the projects still remains a major concern. Zicom SaaS also performed exceedingly well with continued flow of orders from banks for ATM surveillance and housing societies. The company is positive that the segment will further grow in the coming years.

 

(Note: Includes  companies between Rs 5000 -1000 cr revenues, as per estimates from DQ Top20 Survey)

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