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Allied Digital makes Forbes 'Under A Billion' list

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DQW Bureau
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For the second time in a row, Mumbai-based Allied Digital has featured in the

Forbes Asia's list of 'Best Under A Billion'. As many as 20 Indian companies

made it to Forbes list, which has 200 firms selected from over 12,000 publicly

listed companies.

The companies were selected on various parameters, including consistency in

growth of sales and profits over the last three years, modest indebtedness and

future prospects. All 20 companies had registered sales of less than a $1

billion (Rs 4,850 crore).

Other Indian companies in the list include industrial equipment firm AIA

Engineering, software entity AurinoPro Solutions and IVRCL Infrastructure.

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An elated Nitin Shah, CMD, Allied Digital stated, “It's a great feeling

especially because it's an international recognition that our company has

received for the second time.”

According to Forbes, all 20 companies had either increased sales and profits

over the past 12 months or were expected to do so in coming quarters.

Allied Digital had registered a 78 percent growth despite downturn in the

FY'08-09.

Talking about the reasons that helped the company chart out a success story,

Shah elaborated, “With the advent of global slowdown, we had realized that

verticals including retail, banking and aviation will reduce their capital

expenditures, hence we consciously focused on our services business. We expanded

our focus on integrated solutions including IT and IP-related solutions and

services. This strategy ensured that we had 50-50 share of revenues from both

the solutions and the services divisions.”

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