The Indian market is up 2.6% in the last 7 days with all sectors gaining ground. Over the last 12 months, it is up 44%, driven by forecast annual earnings growth of 17%. In this thriving environment, identifying high-growth technology stocks that fit these robust market conditions can be critical for investors looking to capitalize on India’s dynamic economic landscape.

The 10 fastest growing technology companies in India

Click here to see the full list of 38 stocks from our Indian High Growth Tech and AI Stocks Screener.

We examine a selection of our screener results.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Affle (India) Limited, along with its subsidiaries, provides mobile advertising services and software development for mobile phones both in India and internationally and has a market capitalization of Rs. 233.19 billion.

Operations: Affle (India) Limited generates its revenue primarily through mobile advertising services and mobile software development in domestic and international markets. The company uses information technology to provide targeted advertising solutions.

Affle (India) Limited’s earnings have grown at 31.8% annually over the last five years, with a projected annual growth of 23.1%. The company’s revenue is expected to grow at 17.4% annually, outperforming the Indian market average of 10%. The latest first quarter results showed revenue of ₹520 crore and an increase in net profit to ₹865.90 crore from ₹661.78 crore a year ago, underscoring strong performance despite a competitive media environment where Affle’s R&D spend plays a critical role in maintaining its innovation edge.

Simply Wall St Growth Rating: ★★★★★☆

Overview: Coforge Limited provides IT and IT enabled services across various geographies including India, Americas, Europe, Middle East & Africa and Asia Pacific with a market capitalization of ₹406.19 billion.

Operations: The company generates its revenue primarily from its software solutions and amounts to Rs 93.59 billion. Its services span multiple geographies including India, Americas, Europe, Middle East & Africa and Asia Pacific.

The story continues

Coforge’s revenue is expected to grow at 14.1% annually, outperforming the Indian market average of 10%. The company’s earnings are expected to grow at 22.4% annually, supported by robust R&D spend, which reached Rs 132 crore last year, ensuring continuous innovation in AI and digital transformation services. Despite a slight decline in net income to Rs 133 crore from Rs 165 crore last year, strategic leadership changes and strong client relationships in financial services position Coforge for sustained growth in the technology sector.

Simply Wall St Growth Rating: ★★★★★★

Overview: Netweb Technologies India Limited designs, manufactures and sells high-end computing solutions (HCS) in India with a market capitalization of Rs. 141.23 billion.

Operations: Netweb Technologies India Limited has revenues of Rs 814 crore primarily from the manufacturing and sale of computer servers. The company focuses on high-end computer solutions in the Indian market.

Netweb Technologies India has demonstrated impressive growth. Earnings grew 85.8% last year and are expected to grow at 35.6% annually, outperforming the Indian market average of 16.9%. The company reported revenues of ₹1.49 billion in the first quarter compared to ₹598 million last year, reflecting strong demand for its high-performance computing solutions. Netweb’s R&D spend, in particular, has been critical to innovation and contributed significantly to its revenue growth rate of 33.6% per year.

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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.

Companies discussed in this article include NSEI:AFFLE, NSEI:COFORGE, and NSEI:NETWEB.

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