Discover the Top 200 Small and Medium-Sized Businesses from Asia-Pacific, Recognized in the August Edition of Forbes Asia
In the vibrant landscape of Asia-Pacific's business sector, two notable developments have emerged. On one hand, Triveni Turbine, under the leadership of Nikhil Sawhney, has ascended from a domestic steam turbine manufacturer to a global player in the sub-100 megawatts segment. On the other hand, the Ayala conglomerate, a cornerstone of the Philippines' 191-year-old business landscape, is undergoing a transformative period with new leadership at its helm.
Nikhil Sawhney, the vice chairman and managing director of Triveni Turbine, has steered the company towards global recognition. Originally a domestic player, Triveni Turbine now offers cost-efficient, customized machines to its clients and places a strong emphasis on after-sales service. This strategic shift has propelled the company into the global arena, making it a notable player in the sub-100 megawatts segment.
Meanwhile, the Ayala conglomerate is gearing up for a significant change. Mariana Beatriz Zobel de Ayala, Jaime Alfonso, and Jaime Urquijo have been chosen to drive Ayala's future. Mariana, the managing director of Ayala Corp., has been entrusted with overseeing the makeover and expansion of Ayala's vast property portfolio under Ayala Land.
The Philippines' tycoons' wealth has seen a 6% increase, with a combined net worth of $86 billion. Five Philippine companies have been recognised in the Forbes Asia "Best Under A Billion 2025" list, a prestigious honour reserved for the top 200 small- and medium-sized enterprises (SMEs) in the Asia-Pacific region with annual sales between $10 million and $1 billion. These companies represent diverse sectors, including holding and leisure, mining, broadband and technology, restaurant operations, and financial services.
Notable examples include A. Soriano Corp. (Anscor) with $82 million net income and $643 million market value, and Apex Mining with $254 million sales, $76 million net income, and $687 million market value. The Forbes Asia "Best Under A Billion" list aims to recognise these companies' strong financial performance and growth potential.
In the realm of immigrant entrepreneurs, Jensen Huang, Sergey Brin, and Elon Musk hold prominent positions on the list of America's Richest Immigrants. Forty immigrant billionaires from Asia are represented on this list, with a dozen of them hailing from India, forming the biggest cohort of immigrant billionaires in America.
Ardian Wibisono and Yessar Rosendar serve as the list editors for the "Best Under A Billion" list, a testament to the comprehensive and rigorous process behind its selection. As these developments unfold, both Triveni Turbine and Ayala Corp. continue to make significant strides in their respective industries, shaping the future of business in their respective regions.
- Nikhil Sawhney, with his strategic leadership at Triveni Turbine, is driving the company's growth in the global investing sphere, making Triveni Turbine a notable player in finance, particularly in the sub-100 megawatts segment.
- In the Philippines, Mariana Beatriz Zobel de Ayala, as the managing director of Ayala Corp., is focusing on overseeing the transformation and expansion of Ayala Land's property portfolio, signifying a significant period of change in the business and investing realms.
