Vitel Global Communications, best business service provider in the nation today announced that it has made to the Inc. 5000 list of the fastest-growing private companies in America, with a ranking of 4,471, positioning its spot in the top of the country’s most successful private companies.
Led by CEO Praveen Andapalli, Vitel Global has scaled rapidly since 2018, seeing as much as 100% year over year growth in 2020. “Even during an unprecedented year, our team worked incredibly hard to execute against our growth goals, continuing to build our rewarded engagement platform and expand our user base – which ultimately allowed us to deliver more rewards to players than ever before,” said Praveen Andapalli. “This honor is a true testament to the team’s hard work, and with such incredible momentum, we won’t relax till we are number 1 and keep climbing up the Inc. 5000 list in years to come.”
Vitel Global Communication is transforming businesses to next level with increase of mobility in the new work world. With Vitel Global UCaaS (Unified Communications), we made the life of business easy to communicate, collaborate and stay connected from any location. Our communication platform is robust, reliable and secure. We always keep our customer’s first, from on-boarding to post-sales support. We are the nation’s best business phone system provider on UCaaS platform.
The companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially for the businesses in 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important schedules of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.