The top 10 fastest growing companies in Australia
The Australian Financial Review has named the top 10 fastest-growing companies in Australia as part of its annual list.
It has ranked established Australian businesses based on their annual growth for 2024.
Among the top-ranking companies are several online start-ups, a popular makeup brand, a travel tour guide business and a corporate catering empire.
Read on to see the top 10 list.
10. IND Technology
IND Technology, a Melbourne-based company run by an RMIT professor, ranked number 10 on the list.
IND makes something called an "early fault detection system" which users sensors to detect when technology is going wrong in major power infrastructure businesses.
Alan Wong, IND Technology chief executive, has run the company profitably for over a decade – but the past year was a game changer.
It attracted $30.6 million revenue in 2024 with a growth rate of 147.7 per cent.
9. Novigi
IT services business Novigi, based in Wollongong in NSW, is the ninth fastest-growing company in Australia for 2024.
Novigi provides tech consulting, data and IT management services to the wealth and super management industry.
Chief executive Ash Priest said Novigi's success this year was in part thanks to the mergers of multiple super funds in Australia.
The AFR reports Novigi generated $41 million in revenue in 2023-24, up from $7 million in revenue two years ago.
This was an annual growth rate of 150 per cent.
8. Hampr
Corporate catering company Hampr had a fantastic 2024.
The Sydney-based brand was started in 2018 and is a centralised hub for food and drink catering services in business settings.
Hampr enjoyed a revenue of $12.7 million with an annual growth rate of 153 per cent.
7. Nexl
Australian-based global tech company Nexl was named seventh on the list.
AFR reports Nexl had a bumper year with $5.2 million in revenue and 185 per cent growth.
Nexl was founded by chief executive Philipp Thurner.
He recently moved to New York City this year to focus expansion in the US.
McoBeauty raked in $261.4 million in revenue in 2024 and enjoyed a compound annual growth rate of 189.6 per cent, the AFR reports.
Share a tip-off, video or photo with us
