Rank 117: Subex Systems

Performance Highlights Discontinued offshore (services business) and focused on products, which made up 30% of sales Growing telecom market enabled 28% growth CEO: Subash Menon l Start-up Year: 1992 l Products & Services: Telecom software products and services l Branches: 5 l Employees: 198 l Address: 721, 7th Main, Mahalaxmi Layout, Bangalore 560086 l Tel: 3497581 l Fax: 3491490 l Website: www.subexgroup.com

Driven by a booming telecom sector in India, this telecom software company
clocked revenue of Rs 57.86 crore, up 28% compared to Rs 45.14 crore in 2000-01.
However, owing to tough conditions in the US market, the services business
contracted due to the cancellation of contracts and subsequent discontinuation
of the offshore component. This reduction in topline has been made up by the
growth in products revenue, which contributed 30% to overall revenues, against
7% in financial year 2000-01.