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Russian Venture Company, a state fund of funds and a development institution in the Russian venture capital market, released results of TechUspekh, the annual national ranking of fast-growing high-tech companies in Russia. ICL Group, the largest player in Tatarstan IT market, was included in this ranking in the large companies’ category and was ranked as one of the most promising companies in this category.
In 2020, ICL Group improved its key financial indicators by 15%, its revenue amounted to RUB 13.6 bln (VAT excluded) against 2019 revenue totalling RUB 11.8 bln (VAT excluded).
Under the initiative of the Ministry of Economic Development of the Russian Federation, TechUspekh ranking has been prepared and released by RVC since 2016 with support of Innopraktika Non-Governmental Development Institute. Within the framework of National Champions project implemented by the RF Ministry of Economic Development, this ranking is used as the official tool for searching, selection, and promotion of promising fast-growing technology companies that have high leadership potential both in the Russian and global markets. All in all, 107 companies were included in TechUspekh 2020.
“The unforeseen and unprecedented challenges of 2020 had a serious impact on IT market growth rates,” says Victor Diachkov, Head of ICL Group. “In these circumstances our priority was to adjust to new business environment and to provide urgent support to our customers. Today, we continue to move towards new achievements in implementing large projects.”
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