Nayatel Ranked 2nd in Pakistan25,
The Pakistan Fast Growth 25 companies have grown an average of 81% a year for the past three years. They paint Pakistan in a new light, suggesting that Pakistan is a strong country for entrepreneurship
Islamabad, 19 January 2011, AllWorld Network announced in Pakistan and world-wide the winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies. The Pakistan Fast Growth 25 is a program of AllWorld Network in partnership with Harvard Business School Professor Michael Porter and was launched in collaboration with JS Bank Limited. Joining the Pakistan 25 were Nominating Partners FPCCI, Rawalpindi Chamber of Commerce & Industry, TiE, P@sha and Knowledge Partner Mishal (Pvt.) Ltd.
As a group, the Pakistan 25 broke AllWorld records for high growth of 8 countries in the Middle East, Africa and South Asia. The companies who made the Pakistan 25 posted a 81% annual growth rate between 2007 and 2009 with an average size of 400 employees per company, and since inception they have created 12,000 jobs. On average the entrepreneurs are 41 years old, with a number having founded other successful companies. Leading the Pakistan 25 growth rankings are companies in High-Tech and Telecommunications, and Agriculture and Textiles. Many of these rising Pakistan 25 companies are not just serving local markets, but are competing globally.
At #2 on the Pakistan 25 is Nayatel, established in 2004 and now with over 500 employees. After many years in government service and industry, three university friends joined forces to found NayaTel. NayaTel launched South Asia's first fiber to the home (FTTH)/fiber to the user (FTTU) network in Islamabad in 2006. This state of the art fiber wiring now serves 6,000 home and company users, and is key to providing the country’s capital city with a robust telecom infrastructure.
As a group, the Pakistan 25 report their major constraint to growth is finding qualified manager and employees. This is the number one constraint experienced by growth companies the world over. The second major constraint to growth is Government Red Tape.
AllWorld was co-founded by Deirdre Coyle, Anne Habiby and Porter. Professor Porter was described by the Times of London as the world’s “most influential management guru” and is widely regarded at the foremost authority on company and country competitiveness. “The Pakistan 25 companies, led by dynamic men and women, represent the leading edge of a new approach to Pakistan’s competitiveness” says Porter.