Economic Times Growth Champions 2021 recognizes exceptional winners

The COVID-19 pandemic has definitely played a huge role in negatively impacting economies and causing businesses in most sectors to face the brunt of lower growth, delayed outcomes and other fluctuations. However, sometime before the pandemic, the global economy was already moving towards a sustained slowdown. The economy in India was no exception to say the least. However, amidst all these adversities, there is a bunch of companies that are moving forward towards growth and progress, backed by their own determination, perseverance and persistence alike. The Economic Times India’s Growth Champions 2021 is one such initiative to highlight these entities. 

Economic Times has collaborated again with Statista for the second edition of the event this time around. The annual ranking highlights the fastest-growing entities in all major business sectors in terms of revenues. Participating companies have to share revenue details between financial years 2016/17 and 2019/20 along with added information if required. Companies should have minimum revenue numbers for this period while also being independent companies with organic growth. This will only make them eligible to register and apply for the event. 

The contributions of these standout companies are a testament to how growth can still be achieved in spite of adverse economic circumstances. Leading Indian startups and brands have found pride of place in the list. They include names such as Wakefit, InstaSafe, Razorpay, Kinara Capital, upGrad, Welspun Enterprises, Zomato, Mahindra First Choice, SaaS Labs, Paytm, Jubilant FoodWorks, Indiabulls Ventures, Radico Khaitan and many others. 

Square Yards has got the 37th rank for the Economic Times India’s Growth Champions 2021 while being at the 42nd position for 2020. It has accomplished absolute growth in revenues to the tune of 221% from 2016/17 to 2019/20. CAGR has been 47.5% for revenues in this period as well. Total revenues for 2019/20 have touched Rs. 298.2 crore for the company. It is a trailblazer in the Property segment, posting growth and expanding rapidly at a time when the whole industry is on the brink of a major collapse due to the pandemic and previous headwinds. The CEO and Founder at Square Yards, Tanuj Shori, acknowledged the prestigious ranking of the company, highlighting its improvement in position while also vowing to do better and come back much better next time. Square Yards is one of India’s fastest-growing real estate platforms and is writing a rare success story amidst industry-wide adversity.