Company: Tek Leaders Inc
Company Description: Tek Leaders is a Dallas-based fast growing, global, innovative IT Solutions company specializing in IT Staffing, Digital Transformation and Managed Services to our clients. We support our clients to create and execute strategies for IT transformation and Businesses. Our core capabilities includes cloud services, application development, knowledge management and business process management.
Nomination Category: Company / Organization Categories
Nomination Sub Category: Company of the Year - Computer Services - Large
 Nomination Title: Leading Tek Leaders Inc.
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since January 1 2022, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 169 words used.
Tek Leaders, guided by Devender Reddy Aerrabolu's vision, has a remarkable history of growth. Aerrabolu's journey began when he migrated to the U.S. at 24, aspiring to create a software services company. Under his leadership, Tek Leaders introduced new product lines like Data Analytics, AI, and ML in 2017, driving substantial growth. They expanded into Business Intelligence solutions, gaining market recognition.
Under Aerrabolu, Tek Leaders achieved a 3-year YoY growth of 409%, consistently ranking in Inc 5000's fastest-growing companies since 2018. By 2022, their revenue and workforce reached $90 million and 800 employees, respectively. They invested heavily in R&D, restructured management, expanded offices, and made strategic acquisitions.
Despite industry challenges, Aerrabolu's recruitment strategy resulted in an impressive eight-year average employee retention. Tek Leaders focuses on business intelligence services and is at the forefront of digital transformation, including blockchain, IoT, Big Data, and data mining.
In 2023, Tek Leaders anticipates record-setting performance with projected revenue surpassing $80 million, showcasing their resilience even during economic challenges like the COVID-19 pandemic.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 210 words used.
Tek Leaders, guided by the visionary leadership of Devender Reddy Aerrabolu, has consistently achieved remarkable growth and earned prestigious recognitions over the years. The company's impressive journey is exemplified by its consistent presence on the Inc. 5000 list:
In 2021, Tek Leaders secured the 1184th position on the Inc. 5000 list, demonstrating a remarkable 409% 3-year growth rate
Before that, in 2020, it held the No. 605 spot, and in 2019, it ranked No. 1099. The company's upward trajectory became evident when it first made the list in 2018 at No. 554.
Tek Leaders has also made significant regional contributions, ranking 52nd in Texas in 2021 and 136th in 2020 on the Inc. 5000 regional list.
Source: https://www.inc.com/profile/tek-leaders
Tek Leaders was ranked 4th in 2020 Dallas 100 by the Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business
Source:https://www.bizjournals.com/dallas/news/2021/02/18/dallas-100-2020-rankings.html
Tek Leaders was ranked 41st in 2023 Dallas 100 by the Caruth Institute for Entrepreneurship at Southern Methodist University’s Cox School of Business
https://www.smu.edu/cox/Centers-and-Institutes/caruth-institute-for-entrepreneurship/dallas-100
Complete list of awards and recognition till date:
https://tekleaders.com/about-us/#awards
Our Solutions:
https://tekleaders.com/viz-gallery/
https://tekleaders.com/wp-content/uploads/2023/08/workforce-optimization-a-case-study-in-streamlining-resource-allocation-and-cost-savings.pdf
https://tekleaders.com/wp-content/uploads/2023/08/transforming-business-operations-through-power-bi-implementation.pdf
https://tekleaders.com/wp-content/uploads/2021/06/casestudy1frauddetection.pdf
https://tekleaders.com/wp-content/uploads/2021/06/casestudy2sap.pdf
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2022 that you wish to bring to the judges' attention (up to 250 words):
Total 227 words used.
- By the end of 2020, Tek Leaders achieved remarkable growth, with both revenue and its workforce experiencing a fourfold increase, reaching an impressive $90 million in revenue and employing 800 professionals. This growth was further bolstered by expanding the company's reach into the South American and Southeast Asian markets, contributing to its global footprint.
- The company's commitment to expansion was evident with the addition of new offices in strategic locations such as Atlanta and Florida. Tek Leaders was also in the process of establishing more branches across the United States, resulting in a total of five offices worldwide. Their exceptional performance garnered recognition and accolades from esteemed community and business programs, highlighting their excellence in business management and results.
- Tek Leaders' sustained success in 2020 was underpinned by their ongoing recruitment strategy, which not only attracted talent but also solidified their market-leading position. This dedication to building a skilled and loyal workforce led to an impressive average employee retention period of eight years, emphasizing their ability to nurture and retain top talent.
- To stay at the forefront of technological innovation, Tek Leaders established divisions focused on cutting-edge solutions, including AI/ML and Big Data. They successfully implemented advanced AI/ML technology to create a Work Optimization solution, showcasing their commitment to staying at the forefront of industry advancements and delivering innovative solutions to their clients.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 235 words used.
The achievements highlighted by Devender Reddy Aerrabolu and Tek Leaders are indeed unique and significant within the IT services industry. Several key factors set these accomplishments apart:
1. Exceptional Growth: Tek Leaders achieved a 3-year YoY growth of 409%, far surpassing industry norms.
2. Diversification of Services: Aerrabolu's leadership introduced new product lines like Data Analytics, AI, and ML, demonstrating adaptability to emerging tech trends.
3. Strategic Acquisitions: Acquiring IT and Big Data companies brought substantial resources and revenue into Tek Leaders.
4. Global Expansion: Opening new offices in the U.S. and worldwide expanded the company's market reach.
5. Client Portfolio Growth: Adding Fortune 500 clients and venturing into new IT territories diversified the customer base.
6. Investment in Emerging Technologies: The company invested $800,000 in R&D for emerging technologies, showcasing commitment to innovation.
7. Employee Retention: Maintaining an eight-year average employee retention rate reflects a successful recruitment and retention strategy.
8. Adaptation to Market Challenges: Tek Leaders consistently thrived despite talent retention challenges and economic downturns.
9. Anticipation of Future Trends: Their forward-thinking approach to incorporating blockchain, IoT, Big Data, and data mining positions them as industry leaders ready for future growth.
Comparatively, few IT service companies can boast such a wide range of achievements. Tek Leaders' ability to set records, adapt to market dynamics, invest in emerging tech, and diversify its client base makes it a standout player in the industry.
| Attachments/Videos/Links: |
|---|
|
