Leading travel technology company, RateGain has taken out second place in Deloitte's Technology Fast 50 India Program list.

The list which is compiled by one of the nation’s leading professional services organizations, Deloitte Touche Tohmatsu is a ranking of the fastest growing technology companies.

Companies are ranked on the list based on their percentage fiscal year growth over three years from 2006-2008.

RateGain’s latest achievement is a continuation of the first rank placement won by the company in the same program for 2007.

RateGain's CEO Bhanu Chopra said “We are excited to receive this recognition second time in a row and it vindicates our stand that the niche area of online travel & hospitality that we serve has tremendous growth potential”.

“We look forward to making continued contributions to the industry through the introduction of new products like www.hotelly.com, a one stop shop for the consumer to find the best deals, read user reviews and most importantly validate the hotel experience using user-generated videos.”

Companies which make the Technology Fast 50 India program automatically qualify for participation in the Deloitte Technology Fast 500 Asia Pacific 2008 program, which annually recognizes the 500 fastest growing technology companies in Asia Pacific.