Singapore, 18 Jan, 2022: The Straits Times and market research firm Statista awarded Declarators with the Singapore’s Fastest Growing Companies 2022 Award. Declarators are ranked #22 out of the top 75 Fastest Growing Companies in Singapore. This is the 2nd consecutive year the Company achieved top 25 ranking.  Click here to view the list of winners and their rankings.

Methodology

Singapore’s fastest-growing companies is a list of 75 local firms that achieved markedly high revenue growth between 2017 and 2020.

There were strict criteria – they had to be independent firms headquartered in Singapore with revenue generated of at least $150,000 in 2017 and $1.5 million in 2020. Statista examined the officially stated revenue data of more than 600 public companies in Singapore. In the next step, certain high-profile companies that met the aforementioned criteria were added to the list.

The calculation of growth rates was based on the revenue figures submitted by the companies in the respective national currencies. These figures were then converted into Singapore dollars for comparison. The result is a list of companies ranked by compound annual growth rate, which is calculated by taking into account revenue growth over the three-year period