The top three companies were founded by a tribal leader, three friends from university, and a Pakistani-American from Silicon Valley.
The Pakistan Fast Growth 25 companies have grown an average of 81% a year for the past three years. Pakistan 25 broke AllWorld records for high growth of 8 countries in the Middle East, Africa and South Asia.
Today, AllWorld Network announced in Pakistan and worldwide the winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies.
The companies who made the Pakistan 25 posted a 81% growth rate between 2007 and 2009 with an average size of 400 employees per company, and since inception they have created 12,000 jobs. On average the entrepreneurs are 41 years old, with a number having founded other successful companies.
Leading the Pakistan 25 growth rankings are companies in High-Tech and Telecommunications, and Agriculture and Textiles. Many of these rising Pakistan 25 companies are not just serving local markets, but are competing globally.
The Pakistan Fast Growth 25 is a program of AllWorld Network in partnership with Harvard Business School Professor Michael Porter and was launched in collaboration with JS Bank Limited.
Joining the Pakistan 25 were Nominating Partners FPCCI, Rawalpindi Chamber of Commerce & Industry, TiE, P@sha and Knowledge Partner Mishal (Pvt.) Ltd.
Leading the Pakistan 25 is #1 company Exceed (Pvt.) Ltd of Islamabad, with a revenue growth rate of 1,350% between 2007 and 2009. Exceed was founded by Mr. Sardar Hayaat Muhammed Khan Mandokhel in 2004 when he was 24 years old. Exceed is primarily a construction company and is best known for the Saidpur Model Village which Exceed restored as an 18th Century city-museum. The founder of Exceed, now 30-years old, is also the youngest entrepreneur on the Pakistan 25.
At #2 on the Pakistan 25 is NayaTel, established in 2004 and now with over 500 employees. After many years in government service and industry, three university friends joined forces to found NayaTel. NayaTel launched South Asia's first fiber to the home (FTTH)/fiber to the user (FTTU) network in Islamabad in 2006. This state of the art fiber wiring now serves 6,000 home and company users, and is key to providing the country’s capital city with a robust telecom infrastructure.
At #3 on the Pakistan 25 is Arpatech, which like the top two winners was also established in 2004. Arpatech was founded by Pakistani-American Jamal Khan who studied in the US and worked for five years with a leading Silicon Valley technology firm. He established Arpatech, which now employs a team of 70 in Pakistan and is one of the most successful software houses serving companies all over the world with services from application development to network security.
AllWorld is also launching the Pakistan 100, as it aims to advance ALL the growth entrepreneurs of the emerging world, and building the largest entrepreneurship information system in the world.
AllWorld was co-founded by Deirdre Coyle, Anne Habiby and Porter. Professor Porter was described by the Times of London as the world’s “most influential management guru” and is widely regarded at the foremost authority on company and country competitiveness.
As AllWorld Entrepreneurs, the Pakistan 25 will have the opportunity to network with other AllWorld winners from the Middle East, Asia and Africa and the top winners of the Pakistan 25|100 are invited to the AllWorld Summit at Harvard University in November 2011.
One US Government official declared - "this was the most dynamic group of Pakistan's representatives we have ever met".