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Singapore's fastest-growing companies 2025
A variety of businesses – from food and beverage service providers to an accounting firm and fintech and insurance companies – have made it onto a list of 100 companies compiled by The Straits Times and Germany-based global research firm Statista. The ranking, now in its seventh year, is based on the companies’ revenue growth from 2020 to 2023.
PUBLISHED: JAN 21, 2025
Methodology
Singapore's Fastest Growing Companies is a list of 100 local businesses that achieved markedly high revenue growth between 2020 and 2023.
Companies keen to get on the league table had to register via websites created by Statista and The Straits Times from May to August 2024.
In addition, through research in company databases and other public sources, Statista identified more than 2,000 companies in Singapore as potential candidates for the ranking. These companies were invited by e-mail to participate in the competition.
There were strict criteria – they had to be independent companies headquartered in Singapore, with at least $150,000 of revenue generated in 2020, and $1.5 million in 2023.
The calculation of growth rates was based on the revenue figures submitted by the companies in their 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.