ACG Worldwide’s UK subsidiary ACG Europe Ltd. has been listed in the UK’s ‘Top 41 Fastest-Growing Indian Companies.’ ACG Europe features within the top 25 fast-growing Indian-owned companies. The list, developed by the UK’s leading auditing and management consultancy firm Grant Thornton LLP in conjunction with Confederation of Indian Industry (CII), identifies fast-growing Indian companies in the UK by turnover, sector and employee strength.
The research report, ‘India Meets Britain: Tracking the UK’s Top Indian Companies,’ adds that there are more than 700 Indian-owned businesses in the UK. Of this, the 41 fast-growing companies
contributed nearly £19 billion in turnover, achieving growth rates of over 10 per cent. Few companies, including ACG Europe, even achieved more than 20 per cent - outstripping the UK’s existing GDP growth rate.
The fastest-growing Indian companies are spread across the UK, with just 29 per cent of the top 41 based in London. Also headquartered in the capital, ACG Europe offers end-to-end pharma processing, manufacturing and packaging solutions to pharmaceutical and nutraceutical companies in the UK and Europe. The research adds that nearly half are in the pharmaceuticals and chemicals (22 per cent) and technology and telecom(32 per cent) sectors.
“This is quite an achievement for ACG. We’re pleased to be a part of a list of companies that continue to make a difference to the total economy wherever they are,” said Ajit Singh, chairman, ACG Worldwide.
“From ACG’s perspective, the UK remains a strong and matured market with attractive possibilities to invest and gain a strong foothold in the European market. After ACG’s establishment in the UK, we later expanded our base in Europe with an acquisition in Croatia. Our commitment to growth in the UK and European region is long term and has today helped us continue our growth in serving the global pharma industry”, he added.