ACL Wireless posts staggering 1148% growth to repeat win at Deloitte awards

Nov. 27, 2006 – New Delhi, 27 November, 2006

ACL Wireless Limited today announced that it has been ranked amongst the fastest growing technology companies in India, for the second year in a row.

The announcement came after ACL posted a staggering 1148% revenue growth, over last three financial years, to be ranked no. 2 at this year’s ‘Deloitte Technology Fast 50 India 2006’ awards. ACL had ranked no. 1 at the inaugural edition of the awards last year.

The 2006 awards presented at a high profile ceremony on Saturday saw some of the top names in the technology, media and telecommunications industry come together to honor the winners.

Speaking at the event Mr. Atanu Mandal, president ACL Wireless Limited said, “Through a steadfast 1148% increase in revenue over last three years, ACL has once again made a firm statement about what innovation, coupled with a solid business model and sound execution, can accomplish. Rapid revenue growth is an achievement, but sustaining revenue growth over long periods is an even bigger challenge.”

“To be declared a winner, two years in a row, amongst the leaders in today’s telecom, media & technology industry is a strong proof of ACL’s ability to be at the forefront of today’s extremely challenging business landscape”, added Mr. Sanjay Goyal, CEO ACL Wireless Limited. Elaborating further Mr. Goyal said, “Being able to identify and bet on the next opportunity in the technology space, building unique proprietary products and evolving a new highly scalable business model are the key reasons for ACL’s resounding success.”
ACL has also been selected amongst the winners of Deloitte Technology Fast 500 Asia Pacific 2006 this year. It was the highest ranking Indian company at the same last year with a rank of 15. The Deloitte awards come in addition to ACL’s win at the Red Herring 100 Asia 2006 winner earlier this year.

The Deloitte Technology Fast 50 India is a ranking of the 50 fastest growing technology companies in India based on percentage revenue growth in fiscal years, over three years. Along with counterparts in North America, Europe, Middle East and Africa the awards are well-respected and established as one of the most objective awards of their type globally in the technology, media and telecommunications Industry.

About ACL Wireless

ACL Wireless is a leading India-based provider of mobile value added services. Its unique and robust solutions in the field of mobile communities, instant messaging, carrier agnostic connectivity, billing and content aggregation have benefited more than 25 mobile operators in several emerging markets across the globe as well as over 70 tier-one enterprises, media companies and content providers in India.

ACL was declared a Red Herring 100 Asia winner for 2006 and has also been ranked as India’s fastest growing technology company by Deloitte in 2005. Founded in 2000, the company employs over 180 people and operates from its offices in New Delhi, Noida & Mumbai.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries. With access to the deep intellectual capital of approximately 135,000 people worldwide, Deloitte delivers services in four professional areas – audit, tax, consulting and financial advisory services – and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global growth companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.

As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.

Media Contact

ACL Wireless Limited
Corporate Communications
Tel: +91.120.4069400

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