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. 

2.Vakrangee

Originally an eGovernance player, Vakrangee has now diversified into financial inclusion. The company has started reaping rich dividends with this business move. With stupendous 41% growth and revenues increasing from 1,965 crore in FY14 to 2,775 crore, the company had a remarkable FY2015.

 

Also read; DQ Top20: Meet India’s top 100 IT companies & 

Top 5 fastest growing large IT Companies in India

Post the launch of Pradhan Mantri Jan Dhan Yojana, there has been a strong push from the banks to expand their business correspondent network not only in rural but also in the urban areas. The company is leveraging this growth opportunity and there has been a strong ramp-up in its urban branches from 15 in March 2014 to 1,253 urban branches in December, 2014.

The company has also received a license from the RBI to set up and manage minimum 15,000 White Labeled ATMs (WLAs) across India over the next three years.

With more and more services coming under the digital agenda, Vakrangee is expected to witness further growth in the near future.

 

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