Tejas Networks, a leader in next-generation optical networking products, announced today that it has been named as a winner in the Deloitte Technology Fast 50 India for the fifth year in a row. This award recognizes the 50 fastest growing technology companies in India. The award was received by CEO and MD Sanjay Nayak at a glittering ceremony in Bangalore on Friday, November 20th 2009.
“We are delighted to be selected amongst the winners of Deloitte Technology Fast 50 India for the fifth year in succession, with a revenue growth of over 206% in the last three years. This is a great recognition for Tejas Networks, which is one of the first technology product companies from India in the fast-growing telecom sector. Our consistent growth over the past many years is a result of our execution strategy of aggressively investing in R&D to build world-class products. In addition to our growth in the highly competitive Indian market, we have seen significant international success and our products are deployed in over 50 countries around the world”, said Mr. Nayak.
Deloitte’s Technology Fast 50 India winners are selected from technology companies that are headquartered in India and devote a significant proportion of their operating costs to R&D.