The award recognizes Suvidhaa amongst the 100 most innovative private technology companies in the Asia Pacific region.
Speaking at Red Herring's Asia 2009 Conference & Awards function held at, Shanghai, Paresh Rajde, Founder Managing Director & CEO, said, "We are delighted and encouraged by the Red Herring 100 Asia Award."
"This award validates the Suvidhaa's vision to build a robust technology platform across both computers and mobile phones, that will offer India"s consumers, the ability to buy, pay and utilize almost any service from within their own neighborhood." he added.
The nominees for the awards are evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their ecosystem.