08.02.2022 ANKARA
Under the leadership of TOBB, sponsored by Vodafone Business, the 100 fastest growing companies in Turkey were identified in cooperation with TEPAV and TOBB ETU. Istanbul-based Tripenia IT Tourism Inc., which increased its turnover by 5,808 percent in 2 years, took the first place. Companies in the top 100 grew 13 times faster than Turkey.
Turkey's 100 fastest
growing companies competition, led by the Union of Chambers and Commodity Exchanges
of Turkey (TOBB), sponsored by Vodafone Business, in cooperation with TEPAV and
TOBB ETU, took into account the 2-year turnover increase of the companies
between 2017 and 2019.
The list included
companies from 29 different provinces and 32 different sectors. Companies in
the top 100 grew 13 times faster than Turkey. Of the fastest growing companies,
33 came from İstanbul, 14 from Ankara and 9 from İzmir. İstanbul-based Tripenia
IT Tourism Inc., which increased its turnover by 5,808 percent in 2 years, took
the first place. Ankara company Türktem Bilişim Construction LTD. STI came in
second with a growth rate of 2.543 percent and Antalya-based Finder Fire Safety
Electronic Systems Inc. came in third.
Turkey's 100 results
were announced at a ceremony in Ankara with Trade Minister Mehmet Muş and
several Chamber-Commodity Exchange Presidents and hosted by TOBB President M.
Rifat Hisarcıklıoğlu, with the participation of Vodafone Turkey CEO Engin
Aksoy.
Vodafone also
contributed to the Turkey 100 program, where TOBB aims to strengthen its
economic connections by identifying Turkey's fastest growing SMEs, with free
support packages for SMEs. In this context, it offered free solutions from the
family of digital marketing and e-commerce solutions to all SMEs applying and
winning the program.
- Minister of Commerce
Mehmet Muş
In his speech, Trade
Minister Mehmet Muş pointed out that entrepreneurship is the lifeblood of
economic development and development, and said that “as the number of
entrepreneurs and the number of companies established accordingly increases in
a country, economic growth is gaining momentum.” Minister MuŞ said: “The
entrepreneur is the person who is not content with the present, who has a wide
horizon, who can sense the needs and priorities of society, who reads the
conditions well, who aims at the highest and who can also see ahead. Today, the
100 fastest growing companies in our country, which will be awarded here, have
grasped the importance of entrepreneurship and healthy competition; they are
players who have implemented new ideas and become pioneers in the industry. We
consider all our companies and brands, especially these 100 companies, as our
national wealth. As these companies grow, our economy will grow, and as our
economy grows, our country will have climbed to the top of the world economy.
As the Ministry of Commerce, we will either pave a path for each of our
entrepreneurs, find a way or guide them. Turkey's future is bright. We don't listen
to people who write disaster scenarios. We rely on Turkey's potential. We know
that this country has very strong potential both in terms of human resources
and in terms of investment environment. As long as we trust our country, as
long as we join hands. Turkey has no problems that we cannot solve.”
- TOBB President
Hisarcıklıoğlu
TOBB President Rifat
Hisarcıklıoğlu said, “We will ensure that Turkey takes its place among the
world's largest economies and becomes a leading country by working together.”
Hisarcıklıoğlu said
that the 2017-2019 turnover growth rate of the companies applying while the
list is being prepared is taken into account.
Hisarcıklıoğlu stated
that the average growth of the 100 listed companies in this period was 498
percent. Because they performed 13 times higher than the national income growth
in Turkey. During the same period, they increased their production per
employee, that is, their productivity by an average of 212 percent. In 2019,
each company made an average of 65 million liras of sales. Again, they employed
an average of 113 people each. In 2017-2019, their employment increased by 148
percent. 76% of these companies export. It exports to 78 different countries. I
am proud of our companies that have achieved such great success and are
eligible to be on the list, and I congratulate them all wholeheartedly.”
Hisarcıklıoğlu stated
that the average age of these companies is about 11, “The regional distribution
of the list is also quite remarkable. There are companies from 29 different
cities on the list.
The rise of Anatolia is
clearly seen here. There is also an interesting distribution in terms of
sectors. The list includes companies from 32 different sectors, from IT to
machinery, wholesale to metal products, electronics to engineering.”
Stating that the
Turkish business world has been going through many difficult periods so far,
Hisarcıklıoğlu said, “By joining hands with the public-private sector, we have
managed to overcome all these troubled periods. So we must never be
pessimistic, we must not give up in the face of difficult circumstances.
Because the entrepreneur is not pessimistic, he is always full of hope and
excitement. As the Turkish private sector, we say that if we could do it
yesterday, we can do it today. We will ensure that Turkey takes its place among
the world's largest economies and becomes a leading country by working
together.”
- Vodafone Turkey CEO
Engin Aksoy
Vodafone Turkey CEO Engin Aksoy said, “SMEs, which are the lifeblood of
the country's economy, account for 99.9% of the total number of enterprises.
With the pandemic, we have all seen that it is essential to digitize businesses
of all sizes, including SMEs. E-commerce and digital marketing were among the
highlights of this period for businesses to keep up with the new world and
increase their competitive power. Based on this determination, we have taken
action to accelerate the adaptation of SMEs to digital marketing and
e-commerce. We have joined forces once again with TOBB, our valuable business
partner, with which we have signed many projects, and we have been included in
the TOBB Turkey 100 program. We congratulate our SMEs who received awards
today.”
- Grew 13 times faster
than the national average
The figures show that
100 companies in Turkey are growing 13 times faster than Turkey. When Turkey's
100 companies are accepted as a single company, the total turnover in 2019 is
TL 6.47 billion and the average turnover in 2019 is TL 64.7 million. Total
employment in 2020 was 11,339 people and the average employment per company was
113. 2017-2019
The average growth rate
in the period was 498 percent.
-Computer programming
and consulting firms are predominant
While there were 32
companies belonging to different sectors in the Turkey 100 List, the most
density was seen in the field of computer programming and consultancy. I'm not
going to do that machinery and equipment manufacturing, wholesale trade,
fabricated metal products, computer, electronic and optical products and
architecture and engineering activities were followed.
- 76 of the 100 fastest
exports
Of the 100 fastest
growing companies, 76 export to 78 different countries. Among the exported
countries, Germany, where 25 companies export products, stands out. Germany is
followed by the United Kingdom, Azerbaijan, Italy, France, Saudi Arabia, the
United States, the United Arab Emirates, Bulgaria, the Netherlands, Iraq,
Israel.
It is noted that Turkey's
100 fastest growing companies are adapting to the way they work remotely during
the Covid-19 process. In the process, 67 said they benefited from at least one
public support. The most used public supports are: Short Work Allowance,
support packages of public banks, employment support, tax and premium payments.
- Average age of CEOs
is 42
More than half of
Turkey's 100 companies said they were seeking financing within the next year.
During covid-19, 48 of the companies met their financing needs from their
equity, while 52 benefited from public/private bank loan opportunities. The
number of companies seeking financing in the next year is 60. 41.7 percent of companies
say they need more than TL 10 million in financing. 26.7 percent of companies
will use the additional financing for working capital and
machinery/installation investment.
- 10% have women managers
There are young
companies with young managers on the Turkey 100 List. The average age (year of
establishment) of the companies is 11.2 years. The average age of CEOs (General
Managers) is 42. Ten of the 100 fastest growing companies are run by women.
The education levels of
the people who are the final decision makers in the companies in the Turkish
100 List were also noted. The officials of the 85 companies on the list are at
least university graduates. Most of the fastest growing people are aware that
in-service training is important. Of the 100 companies, 89 said they were
organizing internal and/or out-of-house training activities aimed at improving
the qualifications of their employees.
Among Turkey's Fast
Growing Companies, the number of companies that help their employees start
their own businesses is 39.