CTE Press Releases

Cambridge Technology Enterprises Limited (CTE) ranked 5th in the Deloitte’s Technology Fast 50, India

Hyderabad, November 26, 2009: Cambridge Technology Enterprises Limited (CTE) today announced that it has been ranked 5th in the Deloitte’s Technology Fast 50 Program for India, which is a listing of the 50 fastest growing technology companies in India by Deloitte, one of the nation’s leading professional services firms.

Now in its fifth year, the Deloitte Technology Fast 50 India program was initiated in 2005 by Deloitte line with the regional programs in other parts of the globe (Asia Pacific, Europe and North America) to recognize the effort and dedication of fast growing technology companies in India based on percentage revenue growth over the last three financial years. (FY 2007 to FY2009)

Cambridge Technology Enterprises Limited’s (CTE) growth in revenues of 662 percent from FY 2007 to FY 2009 resulted in a ranking of 5th in the Technology Fast 50 for India. Last year CTE had won the 11th position in the Deloitte India program.

Bhaskar Panigrahi, CEO and Chairman of Cambridge Technology Enterprises Limited, said “We are delighted to be one among the elite group of Deloitte Technology Fast 50 in India. This is award is an evidence of our investment in technology R&D and the sustained fast track growth that CTE has achieved over the years. This recognition is also the true representative of world class quality and commitment we bring in to delivering superior value to our customers. We look forward to making continued contribution to the industry through our innovative service offering”