Micro Technologies bags 'Technology Fast 50' award

MUMBAI: Micro Technologies Ltd has announced that it has been chosen as one of the 50 fastest growing companies in India by the Deloitte Touche Tohmatsu for its 'Technology Fast 50 (India) Award' for 2006-07.

The criteria for this award comprises of a rigorous procedure which considers a three year average percentage revenue growth. The company, ranked at the 30th position, was among the 50 fastest growing technology companies with a growth rate of 299.52 per cent, Micro Technologies said in a statement.

Dr P Sekhar, chairman and managing director, Micro Technologies (India) Ltd, said, "To be recognized as one of the fastest growing companies in India is truly an important milestone to drive the growth of Micro Technologies as a company that strives for innovation and excellence. This award has inspired us even further to continue to provide exceptional products and service that will secure the lives and assets of our clients."

The Deloitte Technology Fast 50 is part of a global Fast 500 program run in parallel with the countries across the world.