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Today, AllWorld Network announced the winners of the
Pakistan Fast Growth 100 (Pakistan100), a ranking of the fastest growing
non-listed companies in Pakistan. The Pakistan100 is a program of
AllWorld Network in partnership with Harvard Business School Professor
Michael Porter and presented by Cyan Limited. Growing at 55% a year and
collectively employing 41,000, the Pakistan100 were announced worldwide
at the Pakistan100 Awards & Summit in Lahore.
The Pakistan100 Awards & Summit brought together Business and Government
leaders and influencers, including Hussain Dawood, CEO of Dawood
Hercules and Muhammad Ali, Chairman of SECP, U.S. Chargé d’Affaires
Ambassador Richard Hoagland, U.S. Consul General in Lahore Nina Maria
Fite and Dr Abdul Hafeez Shaikh, Pakistan’s Minister for Finance and
Revenue, to name a few.
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In the midst of challenging political and economic circumstances, the
Pakistan100 broke many AllWorld records in relation to 15 other country
rankings in the region, coming in only second to Turkey in terms of
entrepreneurial growth and transparency. Many of the companies have been
founded in the last ten years, and have already grown to be industry
leaders. An average of only 42 years old, most Pakistan100 entrepreneurs
plan to establish another company in the next two years.
“The Pakistan100 are a testament to the zeal and passion of the
Pakistani private sector. Their accomplishment is even more impressive
given the challenges that they have had to endure in the recent years,”
stated Samad Dawood, CEO of Cyan Limited. “Cyan’s goal is simple: invest
in businesses that have the potential to take center stage in the global
economy while improving the lives of millions in the process. We believe
the Pakistan100 are the companies to do just that.”
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The Pakistan100 was an unprecedented partnership between AllWorld
Network, Cyan Limited, and partners Mishal, P@SHA, LadiesFund,
CIOPakistan, TiE, Abacus Consulting and Rozee.PK. Thousands of emails
were sent to companies around the country inviting them to compete for a
spot on the Pakistan100. Companies had to be rapidly growing private
non-listed companies, and they could come from any industry and any part
of the country. Each company had to provide audited statements to
confirm their revenues and each applicant’s business practices and
ethics were strenuously vetted. The fastest growing of these became the
inaugural Pakistan100.
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Leading the Pakistan100 is number 1 company e2e Supply Chain Management,
which grew 1,918 percent between 2008 and 2010, with 2010 revenues above
$50 million and 297 employees. Launched in 2005, e2e has risen to become
one of the most successful end-to-end logistics companies covering
Pakistan and Afghanistan. Taking the second spot for Pakistan was Exceed
Private Limited, with a growth rate of 1,320 percent and 90 employees.
Founded by the youngest entrepreneur on the Pakistan100, Exceed rose to
prominence for its historic restoration of Saidpur Model Village,
redeveloped as an 18th Century city-museum with 5,000 residents.
Pakistan also had the most number of women entrepreneurs of any AllWorld
list at 8 percent, and 7thranked Luscious Cosmetics of Pakistan topped
the list of the fastest growing women entrepreneurs with growth of 392
percent and 82 employees. The Pakistan100 entrepreneurs have built
globally competitive businesses with one quarter of their revenues
coming from international markets and companies such as ROZEE.PK (#12)
having secured VC investment from Silicon Valley.
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Commenting on the success of Pakistan100 at the
Awards Ceremony, AllWorld co-founders Deirdre Coyle and Anne Habiby
urged the Pakistan100 to go further “When no one expected much, the
Pakistan100 broke records for growth, transparency and competitiveness.
They are the personification of what every country dreams of having. Now
raise the bar higher and build Pakistan as a leading entrepreneurial
nation.” Added Pakistan100 Founding Director Malik Ahmad Jalal, “As the
Pakistan100, you send a signal to everyone in Pakistan and around the
world that Pakistan is open for business. There is no more important
message to secure peace and prosperity.”
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The Pakistan winners are in Lahore for the two-day Pakistan100 Awards &
Summit from March 9-10. The Summit will be an action packed two days
featuring the Pakistan100 along with prominent speakers, panel
discussions, networking sessions, and Pakistan100 Awards Dinner. Over
160 representatives from the winning companies will be in attendance and
close to 150 VIPs and influencers.
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