Systems Limited, a Lahore-based information technology company, and another Pakistani company, Highnoon Laboratories have been named to Forbes’ list of Asia’s Best Under A Billion.
The yearly list honours the top 200 small and mid-sized listed firms in Asia-Pacific with sales of less than $1 billion.
Systems Limited stated in a statement that being named to the list for the second year in a row was “utmost importance” and emphasized the company’s constant composite scores.
“The fact that Systems Limited was featured for the second time on the list says volumes of our approach towards customer-centricity, employee ownership, diversity, and tenacity,” stated Asif Peer, CEO and Managing Director of Systems Limited.
He went on to say that the organization has been able to create an inclusive ecosystem that can maintain high performance levels.
Systems Limited also achieved the Microsoft Business Application 2021/2022 Inner Circle award earlier this year, putting it in the top 1% of global Technology Partners for Microsoft Business Applications, according to the announcement. In June, it also took home the President IT prize at the Lahore Chamber of Commerce and Industry IT Awards.
According to the statement, Systems Limited also became the country’s first tech company to have a market capitalization of Rs100 billion.
System Limited founded in 1977, which makes the company country’s first software technology firm.
Another Pakistani company, Highnoon Laboratories, was included in this year’s Asia’s Best Under A Billion list.
Highnoon, one of Pakistan’s largest and fastest-growing brands, was named to the list for the second time. The last time it was on the list was in 2019, just before the pandemic broke out.
Tousif Khan, the company’s chairman described the honour as one of the most significant and joyful moment in the organization’s history. He stated, “It shows that the company is moving towards the right direction”.