The Asia-Pacific region has witnessed a major impact on business growth like the rest of the world which is grappling with the COVID-19 outbreak. The coronavirus pandemic has put the brakes on economic progress and the IMF has already issued its warning pertaining to the upcoming economic slowdown in the Asia-Pacific region, stating that it will be even worse than the 2008-09 global financial crisis or the 1997 Asian financial crisis.
Yet, the IMF has highlighted the abundance of growth opportunities still present in the APAC region, while stating that it may emerge stronger and faster from the crisis as compared to Europe and the US owing to progress in containment of the virus. This will be a heartening development for businesses in the Asia-Pacific region and the Financial Times has ranked 500 high-growth companies in the APAC region recently.
This comes in a scenario when businesses are struggling to combat the present economic crisis sparked by the coronavirus outbreak. The list was compiled by the Financial Times in collaboration with research outfit Statista and entrants here are ranked on the basis of their CAGR (compound annual growth rate) for revenues posted between 2015-18. Technology is ranked the highest with almost a quarter of organizations listed, coming under this segment. Industrial goods (7%) follow along with health (5%).
In a welcome development, India has 140 of the organizations in this list which is higher than other countries. Yet, its highest-performing cities (based on the number of companies ranked in this list and four of which are in the top 10 rankings) could not surpass cities like Tokyo (69 companies), Singapore (74 companies) and Sydney (34 companies).
Square Yards, Indias foremost proptech and real estate brokerage player, has been ranked at an impressive number 229 in the list by the Financial Times. Square Yards has posted a whopping 205.6% of absolute revenue growth for the period between 2015 and 2018. Compounded annual growth rate (CAGR) stands at 45.1% for Square Yards in this period as well. This is indeed a major achievement for the company which has been notching up handsome sales figures even during the nationwide lockdown.
The fastest growing businesses for the APAC region include sectors like energy, insurance, financial services, technology and transport. Most high-growth companies are held privately and the rankings will help investors and industry players zero in on areas/sectors where fast-growing businesses have been flourishing. This will naturally spawn comprehensive research and understanding on which organizations are likely to remain stable and more resilient over the next 2-3 years.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.