2 Pakistani companies make it to coveted “Asia’s Best Under a Billion” Forbes list for a third time

This is the third time that Highnoon Laboratories and Systems Ltd. has been included on the coveted list of “Asia’s Best Under a Billion” that is published annually by Forbes.

The yearly list honors the top-performing small and mid-sized businesses in the Asia-Pacific region that have annual revenues of less than $1 billion. The list recognizes 200 businesses.

Before this, Highnoon Laboratories, which is one of Pakistan’s largest and most rapidly expanding businesses, was able to make it into the list in both 2019 and 2021.

During this time, Systems Limited was listed on the list in both the year 2020 and the year 2021.

According to the information provided on its website, Systems Limited Pakistan holds the title of being the first software technology business to be established in the country. The company was established in 1977.

$100 million valuation

The company Highnoon Laboratories is now valued at a total of $106 million, as stated on the website of Forbes. It specializes in the production of pharmaceuticals for the treatment of cardiovascular disease, diabetes, gastroenterology, and respiratory illness.

According to the information provided on the company’s website, the business was established in 1984 and maintains its operations out of Lahore.

The chairman of Highnoon Laboratories, Tausif Khan, expressed his “pleasure” at the news that the firm had been included on the list for the third consecutive year.

“We continue to be grateful to the medical experts for the trust they have placed in us, and we cherish our commercial partners for making it possible for [us].” “We will not waver in our commitment to delivering technologies that elevate the human experience by enhancing therapeutic results,” he pledged.

Systems Limited (SYS) is a Pakistani public technology firm that provides mortgage, fashion, retail, and business process outsourcing (BPO) services. Techvista Systems (UAE), Systems Arabia (Saudi Arabia), Systems Misr (Egypt), and Techvista Qatar are all subsidiaries of Systems (Qatar).

In 1997, the firm began operations in the United States, and in 2013, it expanded to the United Arab Emirates. Asif Peer was named CEO of Systems the same year. The organization where he began his career as a software developer was in 1996.

On December 4, 2014, the firm went public with an initial public offering (IPO) and is currently one of the major IT exporters listed on the Pakistan Stock Exchange.

13 million shares were listed on the stock markets in Karachi, Islamabad, and Lahore. Despite the COVID-19 epidemic, the corporation was the highest performance among tech stocks in 2020.

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