Paytm is the only Indian company to make it to Financial Times’ top 10 high growth companies in APAC

• Paytm is the only Indian company to find a place in the top 10 of the 500 high growth companies ranking in APAC region by Financial Times.
• FT ranking however did not take into account the unfolding of the COVID-19 crisis and said that it gives an idea of those firms that already have the buffers to survive the fallout of the pandemic.
• A total of 140 Indian companies featured in the ranking, along with many startups who are not unicorns.

Indian digital payments leader Paytm is the only Indian company to find a place in the top 10 high growth companies in APAC region as per Financial Times.The Vijay Shekhar Sharma-led company is sixth in the list of 500 companies/ Australia’s Cover Genius, an insurance company took up the top spot.

"Our main objective is to build a company that not only helps in bringing millions of Indians into the financial fold but also puts India on the world map as a top technological innovations hub,” said a Paytm spokesperson.

Buffers to survive the pandemic

For the ranking however, FT did not take into account the unfolding of the COVID-19 crisis. Instead, it said that the ranking gives an idea of those firms that already have the buffers to survive the fallout of the pandemic.

According to the report, Paytm’s annual revenue grew over 66 times from $6.98 million in 2015 to $464.34 million in 2018.

A lot more Indian companies made it to the top 500. “India provided 140 of the companies on the list, more than any other country. But its best-performing cities by the number of companies ranked — four of which made it into the top 10 — fell short of the leaders Singapore (74), Tokyo (69) and Sydney (34),” said the report.

Other Indian unicorns like Byju’s (61), Zomato (94) too feature in the list, along with other startups like OfBusiness (17), Loginext (44), JetSetGo (47) among others.

Companies who don’t feature in the unicorn list too managed to rank high on the list. GoBolt, a logistics startup, holds the 13th rank in the list, while aerospace and defence company Saankhya Labs has bagged the 15th rank.

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