The coronavirus outbreak has impacted several businesses across the globe and there are uncertain times that lie ahead especially with lockdown’s being imposed across countries. Businesses in the Asia Pacific region are currently experiencing a chilled economic activity and IMF has warned this month that we could be staring at a slowdown that may be far worse than the global financial crisis of 2008-09 and the Asian financial crisis of 1997. However, the IMF also pointed out the underlying growth prospects for the APAC region due to progress made in containing the pandemic and how this region could get back on its feet faster than the US and Europe. This is certainly positive news from a business standpoint as well.
In this backdrop, we are pleased to announce that Saankhya Labs has been listed among the 500 high-growth companies from the APAC region, by Financial Times. This list was compiled with Statista, a research company, and ranks entrants from across the Asia-Pacific by compound annual growth rate (CAGR) in revenue, between 2015 and 2018.
Commenting on Saankhya Labs being featured in this prominent list, Mr. Parag Naik, Co-Founder and CEO, Saankhya Labs said, “We are both honored and humbled to be a part of Financial Times’ 500 high-growth companies from the APAC region list, which is testament to the fact that we are seeing steady growth in the markets we operate in. We at Saankhya have been at the forefront of developing award-winning next-gen wireless communication solutions based on our patented SDR Technology, in Broadcast, Broadband, Convergence, Satellite Communication and Cognitive Radio Access Networks. During such testing times, it is imperative for business leaders to focus on innovative ways to drive business growth and keep all lines of communication with various stakeholders open. We are also pleased that India has contributed 140 companies to the Financial Times list, which is recognition of the fact that there exists tremendous untapped talent within the country. This coupled with the unleashing of new opportunities will bode well for our innovativeness and global competitiveness in the long run.”
Saankhya Labs is a premier Wireless Communication solutions company based in Bangalore. A highly innovative company with several international patents, Saankhya is the pioneer in Software Defined Radio Chipsets. The company has developed indigenious wireless communication solutions based on their patented SDR Technology, in Broadcast, Broadband, Convergence, Satellite Communication and Cognitive Radio Access Networks. The company achieved a huge milestone with the launch of Pruthvi 3Chipsets in India’s semiconductor and hardware industry and is a great step towards our shared goal to make India self-reliant in communication technology and contribute to the telecom IPR.