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 fastestgrowing companies competition, led by the Union of Chambers and Commodity Exchangesof Turkey (TOBB), sponsored by Vodafone Business, in cooperation with TEPAV andTOBB ETU, took into account the 2-year turnover increase of the companiesbetween 2017 and 2019.
The list includedcompanies from 29 different provinces and 32 different sectors. Companies inthe 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 TripeniaIT Tourism Inc., which increased its turnover by 5,808 percent in 2 years, tookthe first place. Ankara company Türktem Bilişim Construction LTD. STI came insecond with a growth rate of 2.543 percent and Antalya-based Finder Fire SafetyElectronic Systems Inc. came in third.
Turkey's 100 resultswere announced at a ceremony in Ankara with Trade Minister Mehmet Muş andseveral Chamber-Commodity Exchange Presidents and hosted by TOBB President M.Rifat Hisarcıklıoğlu, with the participation of Vodafone Turkey CEO EnginAksoy.
Vodafone alsocontributed to the Turkey 100 program, where TOBB aims to strengthen itseconomic connections by identifying Turkey's fastest growing SMEs, with freesupport packages for SMEs. In this context, it offered free solutions from thefamily of digital marketing and e-commerce solutions to all SMEs applying andwinning the program.
- Minister of CommerceMehmet Muş
In his speech, TradeMinister Mehmet Muş pointed out that entrepreneurship is the lifeblood ofeconomic development and development, and said that “as the number ofentrepreneurs and the number of companies established accordingly increases ina country, economic growth is gaining momentum.” Minister MuŞ said: “Theentrepreneur is the person who is not content with the present, who has a widehorizon, who can sense the needs and priorities of society, who reads theconditions well, who aims at the highest and who can also see ahead. Today, the100 fastest growing companies in our country, which will be awarded here, havegrasped the importance of entrepreneurship and healthy competition; they areplayers who have implemented new ideas and become pioneers in the industry. Weconsider all our companies and brands, especially these 100 companies, as ournational wealth. As these companies grow, our economy will grow, and as oureconomy 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 ourentrepreneurs, find a way or guide them. Turkey's future is bright. We don't listento people who write disaster scenarios. We rely on Turkey's potential. We knowthat this country has very strong potential both in terms of human resourcesand in terms of investment environment. As long as we trust our country, aslong as we join hands. Turkey has no problems that we cannot solve.”
- TOBB PresidentHisarcıklıoğlu
TOBB President RifatHisarcıklıoğlu said, “We will ensure that Turkey takes its place among theworld's largest economies and becomes a leading country by working together.”
Hisarcıklıoğlu saidthat the 2017-2019 turnover growth rate of the companies applying while thelist is being prepared is taken into account.
Hisarcıklıoğlu statedthat the average growth of the 100 listed companies in this period was 498percent. Because they performed 13 times higher than the national income growthin Turkey. During the same period, they increased their production peremployee, 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 employedan average of 113 people each. In 2017-2019, their employment increased by 148percent. 76% of these companies export. It exports to 78 different countries. Iam proud of our companies that have achieved such great success and areeligible to be on the list, and I congratulate them all wholeheartedly.”
Hisarcıklıoğlu statedthat the average age of these companies is about 11, “The regional distributionof the list is also quite remarkable. There are companies from 29 differentcities on the list.
The rise of Anatolia isclearly seen here. There is also an interesting distribution in terms ofsectors. The list includes companies from 32 different sectors, from IT tomachinery, wholesale to metal products, electronics to engineering.”
Stating that theTurkish business world has been going through many difficult periods so far,Hisarcıklıoğlu said, “By joining hands with the public-private sector, we havemanaged to overcome all these troubled periods. So we must never bepessimistic, we must not give up in the face of difficult circ*mstances.Because the entrepreneur is not pessimistic, he is always full of hope andexcitement. As the Turkish private sector, we say that if we could do ityesterday, we can do it today. We will ensure that Turkey takes its place amongthe world's largest economies and becomes a leading country by workingtogether.”
- Vodafone Turkey CEOEngin Aksoy
Vodafone Turkey CEO Engin Aksoy said, “SMEs, which are the lifeblood ofthe 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 businessesof all sizes, including SMEs. E-commerce and digital marketing were among thehighlights of this period for businesses to keep up with the new world andincrease their competitive power. Based on this determination, we have takenaction to accelerate the adaptation of SMEs to digital marketing ande-commerce. We have joined forces once again with TOBB, our valuable businesspartner, with which we have signed many projects, and we have been included inthe TOBB Turkey 100 program. We congratulate our SMEs who received awardstoday.”
- Grew 13 times fasterthan the national average
The figures show that100 companies in Turkey are growing 13 times faster than Turkey. When Turkey's100 companies are accepted as a single company, the total turnover in 2019 isTL 6.47 billion and the average turnover in 2019 is TL 64.7 million. Totalemployment in 2020 was 11,339 people and the average employment per company was113. 2017-2019
The average growth ratein the period was 498 percent.
-Computer programmingand consulting firms are predominant
While there were 32companies belonging to different sectors in the Turkey 100 List, the mostdensity was seen in the field of computer programming and consultancy. I'm notgoing to do that machinery and equipment manufacturing, wholesale trade,fabricated metal products, computer, electronic and optical products andarchitecture and engineering activities were followed.
- 76 of the 100 fastestexports
Of the 100 fastestgrowing companies, 76 export to 78 different countries. Among the exportedcountries, Germany, where 25 companies export products, stands out. Germany isfollowed by the United Kingdom, Azerbaijan, Italy, France, Saudi Arabia, theUnited States, the United Arab Emirates, Bulgaria, the Netherlands, Iraq,Israel.
It is noted that Turkey's100 fastest growing companies are adapting to the way they work remotely duringthe Covid-19 process. In the process, 67 said they benefited from at least onepublic support. The most used public supports are: Short Work Allowance,support packages of public banks, employment support, tax and premium payments.
- Average age of CEOsis 42
More than half ofTurkey's 100 companies said they were seeking financing within the next year.During covid-19, 48 of the companies met their financing needs from theirequity, while 52 benefited from public/private bank loan opportunities. Thenumber of companies seeking financing in the next year is 60. 41.7 percent of companiessay they need more than TL 10 million in financing. 26.7 percent of companieswill use the additional financing for working capital andmachinery/installation investment.
- 10% have women managers
There are youngcompanies with young managers on the Turkey 100 List. The average age (year ofestablishment) of the companies is 11.2 years. The average age of CEOs (GeneralManagers) is 42. Ten of the 100 fastest growing companies are run by women.
The education levels ofthe people who are the final decision makers in the companies in the Turkish100 List were also noted. The officials of the 85 companies on the list are atleast university graduates. Most of the fastest growing people are aware thatin-service training is important. Of the 100 companies, 89 said they wereorganizing internal and/or out-of-house training activities aimed at improvingthe qualifications of their employees.
Among Turkey's FastGrowing Companies, the number of companies that help their employees starttheir own businesses is 39.
