Cranes Software International Ltd. has been recognised as one of the 50 fastest growing companies in India by the Deloitte Technology Fast 50 India. Cranes Software bagged the award after a rigorous selection procedure that involved taking into consideration its percentage revenue growth from FY 2003 to FY 2005, among other considerations.
"This is the third time in a row that our company has been judged to be one of the fastest growing technology companies in the Asia Pacific region by Deloitte Touche Tohmatsu. We are committed to delivering similar outstanding performance, by delivering high quality software products and services to our customers," says Asif Khader, managing director, Cranes Software International Limited.
In FY 2003, Cranes Software posted operating revenues of Rs 610.1 million, which increased to Rs 1,136.9 million in FY 2004 and Rs 1,633.8 million in FY 2005. Over the two last years, Cranes Software grew at a compounded annual growth rate of 63.6 per cent. Further, in the first six months of the current fiscal year, Cranes Software's revenues have grown by 46.5 per cent.
Proprietary products owned by Cranes Software, namely SYSTAT, Sigma Product Line, TableCurve 2D, TableCurve 3D, Peakfit and NISA, make up 80 per cent of total revenues.