Singapore’s fastest-growing companies in 2021
A variety of businesses – from an online car trader to a wireless network service provider and a courier company – have made it onto a list of 75 companies compiled by The Straits Times and Germany-based global research firm Statista. The ranking, now in its third year, is based on the firms’ revenue growth from 2016 to 2019.
PUBLISHED: JAN 19, 2021
Singapore's fastest-growing companies is a list of 75 local firms that achieved markedly high revenue growth between 2016 and 2019.
Companies keen to get on the league table had to register via websites created by Statista and The Straits Times from May to September last year.
There were strict criteria - they had to be independent firms headquartered in Singapore with revenue generated of at least $150,000 in 2016 and $1.5 million in 2019.
Statista examined the officially stated revenue data of more than 600 public companies in Singapore. In the next step, certain high-profile companies that met the aforementioned criteria were added to the list.
The calculation of growth rates was based on the revenue figures submitted by the companies in the respective national currencies. These figures were then converted into Singapore dollars for comparison.
The result is a list of companies ranked by compound annual growth rate, which is calculated by taking into account revenue growth over the three-year period.