Published On: 2014-11-20

Mumbai, India, November 20, 2014

Elitecore wins the prestigious industry recognition of being ranked 34^th in Deloitte Technology Fast 50 India, 2014, a ranking of the 50 fastest growing technology companies in India. The rankings are based on percentage revenue growth over three financial years; Elitecore grew 181 percent during this period.

The award ceremony, held in Bengaluru on 7^th Nov at ITC Royal Bangalore was attended by Krishnan Ganesh, a Serial Entrepreneur and Promoter; also a Member of Board of Governors- IIM, Calcutta.

Elitecore’s CEO, Nikhil Jain, credits this success in achieving remarkable revenue growth rates to its technology, innovative business models and quality of human resources. He said, “It’s an extremely proud moment for us to be ranked in the Deloitte Technology Fast 50 India and gain credibility from a highly prestigious institution like Deloitte. The award is one of the most respected validations of Elitecore’s consistent growth, our product suite and business-critical solutions for Telecom Industry, business model and financial performance. It is an acknowledgment of our commitment to innovate and make a mark on technology leadership.”

Elitecore’s CFO, Nirav Thakkar, also expressed his happiness on winning this award and said, “It gives me immense pleasure to receive this award and I dedicate it to the entire team and their sincere efforts in making this phenomenal growth possible.”

The Technology Fast 50 India conducted by Deloitte Touche Tohmatsu India Private Limited (DTTIPL), is a sought-after recognition for technology companies in India. It was launched in 2005, and celebrating its tenth anniversary this year. Deloitte received thousands of nominations from companies vying for a spot in this list, out of which 250 were shortlisted and only 50 companies made it through.

"Being a winner in the Deloitte Technology Fast 50 program is commendable in today’s highly competitive technology industry," said Rajiv Sundar, Senior Director, Deloitte in India, and Program Director Tech Fast 50 India 2014. “With its 181% growth rate over three years, Elitecore Technology has proven that its leadership has the vision and determination to grow.”

About Elitecore

Elitecore Technologies is a Carlyle Group investee global IT product company providing BSS alongside packet core with flexibility of modular as well as pre-integrated offerings. Elitecore offerings are compatible to large vendor ecosystem leading to CSP’s requirement of faster time to market and better TCO. Being a traditional IP solutions player, Elitecore products are highly responsive to next-generation services, fulfilling operator monetization needs across all access networks.