Ten IT companies amongst AllWorld Network Pakistan Fast Growth 25

Thu, Jan 20, 2011

News

The names of the winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies, was announced today.  The Pakistan Fast Growth 25 is a program of the AllWorld Network in partnership with Harvard Business School Professor Michael Porter and was launched in collaboration with JS Bank Limited.  Joining the Pakistan 25 were Nominating Partners P@SHA, FPCCI, Rawalpindi Chamber of Commerce & Industry, TiE, and Knowledge Partner Mishal (Pvt.) Ltd. The Pakistan Fast Growth 25 companies have grown an average of 81% a year for the past three years.  They paint Pakistan in a new light, suggesting that Pakistan is a strong country for entrepreneurship, said the Press Release.

What is even more interesting to note is that as a group, the Pakistan 25 broke AllWorld records for high growth of 8 countries in the Middle East, Africa and South Asia.  The companies who made the Pakistan 25 posted a 81% annual growth rate between 2007 and 2009 with an average size of 400 employees per company, and since inception they have created 12,000 jobs.  On average the entrepreneurs are 41 years old, with a number having founded other successful companies.  Leading the Pakistan 25 growth rankings are companies in High-Tech and Telecommunications, and Agriculture and Textiles.  Many of these rising Pakistan 25 companies are not just serving local markets, but are competing globally.

Malik Ahmad Jalal, AllWorld’s Director of the Pakistan 25 said in a statement that “Pakistani entrepreneurs have flourished in spite of some of the most restricting economic and security environments in the world. These dynamic men and women are a great resource and the best bet for Pakistan’s future.  US Ambassador Cameron Munter will host the Awards Celebration for the winners at his residence on 24 January 2011 which will also be graced by  Finance Minister Abdul Hafeez Shaikh and other VIPs.

Around 100 companies competed for a spot on the Pakistan 25.  Only the fastest growing private companies make the list, and each company is credentialed by AllWorld based on strenuous international standards.  Of the 30 companies that made the Pakistan 25, Lahore had the most number with 12 winners and Karachi came in a close second with 10 winners.

Interesting to note is that amongst the top 25, the top 10 were IT companies. So who says that the IT sector is not growing and not contributing to job creation. These companies have proven all nay-sayers wrong. Well done guys! We are extremely proud of you.

Jamal Khan, CEO of Arpatech that ranked third on this list says that his strategy was to develop a small number of anchor relationships and grow with those firms. I am an optimist, he said, about Pakistan’s potential and its people. Pakistan is a compelling market with a tremendous resource pool of talented engineers and entrepreneurs. Arpatech develops innovative solutions for complex problems, and they do this by aligning themselves closely with their clients.    Focusing on deep relationships with a select number of customers is often counter-intuitive to a fast-growth business model, but this was key to gaining and international clients post 9-11 and sustaining those relationships in spite of turbulence in Pakistan. Arpatech looks to grow by focusing on incubating ideas and taking those to market. They are also looking at setting up a second office in Malaysia or the Middle East.

At Number 5 is TradeKey.com which is the world’s fastest growing online trading platform. It connects over 4.9 million importers, exporters and traders in more than 240 countries including USA, UK, China, Germany, France, India, Pakistan and the Middle East. Aiming to make “doing business easier”, TradeKey.com was founded in 2005 and within a short span of just over 4 years it is now ranked among the top 5 online B2B marketplaces of the world. Junaid Mansoor, the CEO of TradeKey says that his vision for the next 5 years is to make TradeKey a name that would be trustworthy and well known to Worldwide SMEs and will become a core part of their business process. TradeKey will reach out to 20,000 different cities of the World by forming partnerships with local entrepreneurs, and provide a kick-start environment to nurture entrepreneurship.

At Number 6 is Sofizar, a B2C Internet Marketing company with development and operations based out of Lahore, PK. Sofizar is aggressively pursuing a very rapid growth path with its experienced management, excellent team and a great track record since its inception in April, 2004. While Sofizar has worked with premier clients like government agencies and large multinationals, for exporting its technologies, their focus has been marketing directly to consumers. After clocking high growth rates over the past 3 years, Sofizar has annual sales of over $20 Million in 2009 through its Live Events Vertical Search Engine as well as its Events Tickets Business. Sofizar continues to be profitable by maintaining healthy margins as well as by rapidly growing its top line revenues.

Zafar Khan, CEO of Sofizar, says that his vision is that Sofizar will be the global leader in Search Engine based E-commerce and Lead Generation and they intend to be Pakistan’s first internet marketing billion dollar capitalization company. If anyone can do it, this man can!

@font-face { font-family: “Arial”; }@font-face { font-family: “Times”; }@font-face { font-family: “Calibri”; }@font-face { font-family: “Cambria”; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0cm 0cm 10pt; font-size: 12pt; font-family: “Times New Roman”; }div.Section1 { page: Section1; }

Nayatel

After 25 years of experience in government and the private sector, three university friends got together and founded Micronet Broadband in 2001, and in 2004 together founded NayaTel, now with over 500 employees.

The co-founders conceived the idea of a most modern telecom network, and Nayatel launched South Asia’s first fiber to the home (FTTH)/fiber to the user (FTTU) network in Islamabad in 2006. This state of the art fiber wiring serves 6,000 home and company users, and is key to providing the country’s capital city with a robust telecom infrastructure.

Covering over 90% areas of Islamabad and business areas of Rawalpindi Cantonment, Nayatel’s network offers ultra broadband Internet, modern telephony and digital video services to business and home users centers.

Says co-founder Mr. Wahaj us Siraj “Nayatel looks forward to supporting many IT entrepreneurs, expanding our services to other cities, and providing the country with a robust and reliable telecom infrastructure.”

I2c Inc

i2c Inc. is an experienced and trusted payments solution provider that helps card issuers and program managers deliver profitable prepaid programs. With MCP (My Card Place), i2c’s flexible, feature-rich, Prepaid 2.0-ready processing platform, clients have complete control of their programs in real time. With its value-added services, rewards and loyalty options, cardholder communication tools, and extensive analytics, MCP empowers clients to increase revenues, improve efficiency, reduce costs, and build a loyal cardholder base. i2c enables clients to launch new products faster, tailor programs for specific segments, and offer a variety of vertical solutions.

Mr. Amir Wain, CEO of i2c inc states his vision: We have built a very scalable application and service delivery infrastructure to service a high growth market. We are growing very quickly and are well positioned to be a global leader in the Payments industry.

Abacus Consulting

For over 22 years Abacus Consulting has been offering cutting-edge business solutions helping organizations to transform their visions into realities through a combination of latest business methodologies and technological tools.

Abacus Consulting is one of the largest Professional Services firms in the region with over 2000 employees and offices in Karachi, Lahore, Islamabad and Dubai.

They offer a wide range of products & services, including SAP implementation and education, business process outsourcing, IT consulting, mCommerce, mBanking, call centres, enterprise performance management, supply chain & operations management, strategy consulting, financial advisory services, organization design and development, change management and HR functional solutions.

Their client portfolio is as diverse as the products and services that they offer.

Mr. Asad Ali Khan, CEO of Abacus Consulting says that his company’s vision is to be the transformation partner of choice for companies determined to succeed in the rapidly changing world.

Folio 3

Folio3 is focused on helping entrepreneurs and small enterprises successfully build and manage an offshore software development presence. Folio3 evolved out of a tier-one venture-funded Silicon Valley startup that successfully moved its critical product development and marketing activities offshore.

Folio has incubated offshore teams for a number of their customers, who have executed on a number of successful development, testing, support and marketing projects. They have also worked with larger clients, including a number of Fortune 500 companies, to successfully implement project based work.

In today’s cost conscious IT environment, almost every company, large and small, is thinking of an offshore strategy. As you consider yours, consider the pitfalls and the advantages of working with a team who has been in your shoes: entrepreneurs, technologists and managers in a constant scramble to introduce innovative, high- quality products and services on a tight budget and schedule.

Adnan Lawai, CEO of Folio 3 would like Folio3 to be a globally recognizable name in Outsourced Software Product Development, and be the leading technology company in Pakistan.

Founded in year 2000 as a supplier of networking products, services, trained human resource and training, Corvit has rapidly evolved into a trusted business technology advisor and strategic partner with solutions spanning the entire spectrum of Information and Communication Technology (ICT).

Corvit has achieved the highest partnership levels with industry leading global technology vendors and is known for its ability to integrate end-to-end solutions and tailored services to meet the unique requirements of their operations. Corvit delivers distinctive and innovative yet practical solutions.

Armed with a dedicated training division, Corvit Systems, a sound technical background is second nature to our design and deployment teams which provide a comprehensive set of services to support the design, installation, operation, management, and continuous improvement of IT infrastructures.

Corvit Networks

CEO of Corvit Kashif Haq wants is looking to increasing his company’s revenue from the International business to around 30% with regional offices in Saudi Arabia and Dubai.

Founded in year 2000 as a supplier of networking products, services, trained human resource and training, Corvit has rapidly evolved into a trusted business technology advisor and strategic partner with solutions spanning the entire spectrum of Information and Communication Technology (ICT).

Corvit has achieved the highest partnership levels with industry leading global technology vendors and is known for its ability to integrate end-to-end solutions and tailored services to meet the unique requirements of their operations. Corvit delivers distinctive and innovative yet practical solutions.

Armed with a dedicated training division, Corvit Systems, a sound technical background is second nature to our design and deployment teams which provide a comprehensive set of services to support the design, installation, operation, management, and continuous improvement of IT infrastructures.

Multilynx

Multilynx is a Systems and networking solution providing company that came into existence in 1996 as a result of the partnership between Mr. Nuaman Mazhar and Mr. Hamid Chaudhry.

In a time span of 14 years, Multilynx is recognized as an icon in Pakistani IT Sector. Their strategic moveto become a solution integrator from a hardvare vendor lent to its success today.

They are keen on understanding the customers’s business demands and offer products and services in sophisticated and advanced IT domains like Mission- Critical Data Centers, ERP and CRM Application Integration, Enterprise Information Portals, Messaging and Collaboration Applications, IT Infrastructure deployment, maintenance and management.

Rozee.pk and GCS Pvt Ltd were highlighted as Companies to Watch.

Pakistan 25 Ranked List

Pak25 Complete Winners List

AllWorld was co-founded by Deirdre Coyle, Anne Habiby and Porter.  Professor Porter was described by the Times of London as the world’s “most influential management guru” and is widely regarded at the foremost authority on company and country competitiveness.   “The Pakistan 25 companies, led by dynamic men and women, represent the leading edge of a new approach to Pakistan’s competitiveness” says Porter.

AllWorld is also launching the Pakistan 100, and companies are invited to apply at AllWorldLive.com at the Asia 500 section.  AllWorld aims to advance ALL the growth entrepreneurs of the emerging world, and building the largest entrepreneurship information system in the world.   For more information on the Pakistan 25 visit www.allworldlive.com.

, , , , , ,

Leave a Reply

  • Friend Link: 1) Find quick answers to common health questions health