Representational photo by Nick Fewings on Unsplash
For the first time, an Indian waste management company, Recykal, has made it to the list of Financial Times’ Top 500 High-Growth Companies Asia Pacific 2023. Hyderabad-based Recykal was ranked number 6 on the list.
“India needs to attract additional investment to help create the jobs promised in a recent business- friendly budget. But it has some way to catch up with Japan in the FT ranking, which accounts for 136 fast-growing companies on the list versus 73 for India, which ranks fourth on this measure. South Korea sits in second place with 78 companies, followed by Singapore with 75 groups,” says FT in its report.
IT and software accounts for the largest number of companies in the ranking by far, at some 26.4%, versus 8% for advertising and marketing, the next most represented industry.
Recykal was recently ranked 4th out of Fast Company’s 50 most innovative companies, joining the ranks of OpenAI, Disney, Tiffany & Co., and more. Recykal had recently launched a pilot Digital DRS campaign – Sabka Saath, Swachch Kedarnath in Kedarnath. 11,000 QR codes were distributed across all shops in the temple area that resulted in 52% improvement in the collection and refund rate.