In March 2025, the United Kingdom (UK) based Financial Times (FT) and Germany based Statista jointly released their 7th annual ranking of 500 high-growth Asia-Pacific companies. New Delhi (Delhi)-based Peer-to-Peer (P2P) Non Banking Financial Company (NBFC), Lendbox has topped the latest rankings and has registered Compound Annual Growth Rate (CAGR) of 536.64%, with its revenues increasing to USD 51.13 million in 2023. This year total 81 Indian firms featured on the list.
- As per the report, Malaysia-based Borong and The Philippines-based Etaily secured 2nd and 3rd spots, respectively.
Methodology:
i.The rankings were calculated based on revenue growth between 2020 and 2023 of listed companies and private businesses that applied and shared data.
ii.In order to be featured in the latest edition of the rankings, the company was required to show the minimum CAGR of 8.1%, nearly half of CAGR (15.1%) that was required in last year’s list.
iii.To qualify for the rankings, a company had to meet specific criteria like: to generate minimum revenue of USD 100,000 in 2020 and minimum USD 1 million in 2023.
- The company should operate independently i.e. not a subsidiary or branch of another company.
- It must be based in one of 13 Asia-Pacific territories such as: Australia, Hong Kong, India, Indonesia, Japan, Malaysia, among others.
- Also, the revenue growth of the company between 2020 and 2023 had to be primarily organic rather than driven by acquisitions or external factors.
Key Highlights:
i.Countries highest representation of companies: Singapore with 108 companies, has topped among all cities as well as countries featured on the list. It is followed by Japan and South Korea, each contributing 91 companies.
- While, cities like: Seoul (South Korea) and Tokyo (Japan) had 75 and 71 companies, respectively on the list.
ii.Top sectors dominated the list: Companies from Information Technology (IT) and Software sector, accounted 27% of the total entries on the list, has dominated the rankings, followed by financial services (10%) and advertising and marketing (5%).
iii.Indian Companies in top 10: Among top 10 companies on the list, 5 were from India such as: Lendbox; BluSmart ; BigHaat (7th); Zypp Electric (8th); and Kuku FM (10th).
- Some of the notable Indian companies on the list: Gurugram (Haryana)-based BluSmart (6th), Bengaluru (Karnataka)-based e-commerce company, Meesho (72nd), Bengaluru (Karnataka)-based Titan Company Limited (301st), Mumbai (Maharashtra)-based Aditya Birla Capital Limited (ABCL)(374th), and Havells India Limited (396th).
Top 10 High-Growth Companies Asia-Pacific 2025:
| Rank | Name of the Company | Country | Category | Revenue in 2023(USD) |
|---|---|---|---|---|
| 1 | Lendbox | India | Fintech, Financial Services & Insurance | 51.13 million |
| 2 | Borong | Malaysia | E-commerce | 51.33 million |
| 3 | Etaily | The Philippines | E-commerce | 29.03 million |
| 4 | Library Company | South Korea | Leisure and Entertainment | 18.35 million |
| 5 | Habitfactory | South Korea | Fintech, Financial Services & Insurance | 9.94 million |
| 6 | BluSmart | India | Logistics & Transportation | 39.32 million |
| 7 | BigHaat | India | Agriculture, Forestry & Fishing | 128 million |
| 8 | Zypp Electric | India | Logistics & Transportation | 36.64 million |
| 9 | Kuku FM | India | Leisure & Entertainment | 12.61 million |
| 10 | MyVenue | Australia | Information & Technology(IT) & Software | 9.18 million |
About Statista:
It is a global data and business intelligence platform with an extensive compilation of statistics, reports and insights on over 80,000 topics from 22,500 sources in 170 industries.
Chief Executive Officer (CEO) – Marc Berg
Headquarters- Hamburg, Germany
Established- 2007
About Financial Times (FT) Group:
Chief Executive Officer (CEO)- Jon Slade
Headquarters- London, the United Kingdom (UK)
Founded- 1888
