Which Indian company has the best growth strategy?
On Friday, the Indian conglomerate Des Moines Technologies reported a revenue of Rs 5,634 crore for the fiscal year ended March 31, 2016.
Its revenue in the year ended June 30, 2015 stood at Rs 4,924 crore.
The company, which had revenue of $13.9 billion in 2016, saw revenue of just over $4.5 billion in the last fiscal year.
The year ended July 31 saw a net loss of $2.4 billion, compared to a loss of just under $5.6 billion in 2015.
The results are a big boost for Des Moines, which is the only company in India to be ranked No. 1 in revenue in both the private and public sectors.
It has raised more than $1 billion in funding in its first four months.
The company has a long history of being profitable.
The group has been in the news for some time for its decision to buy shares in Google in 2015, and for its stake in Facebook in 2017.
In the last two years, Des Moines has raised money from private and venture capital investors, as well as its venture capital arm, Desai.