December 21, 2020 – Pakistan Stock Exchange (PSX) hosted a gong ceremony at the PSX Trading Hall in Karachi to celebrate and honor the inclusion of Systems Limited and fellow Pakistani organizations in Forbes Asia’s 2020 list of Best Under A Billion companies.
The event began with recitation of the Holy Quran, followed by a welcome speech by Farrukh H. Khan, CEO of Pakistan Stock Exchange. Company representatives were then invited on stage to strike the gong. CEO and Managing Director Asif Peer did the honors for Systems Limited.
“This is great news for the Systems team and entire Pakistan. These global recognitions enhance our brand image and perspective that reflects not only on our businesses but also on the economy as a whole. I would like to share this achievement with my team, partners, and stakeholders,” said Mr. Peer on the occasion.
Expressing her delight on this historic feat, Roohi Khan, Systems Limited’s Chief Financial Officer said, “This accolade speaks volumes about Systems’s leadership, innovation, tenacity, agility, adaptability to the changing world, and transparency to its stakeholders. We won’t stop here and we are confident to bag more wins in the future!”
Being the only Pakistani technology company to be inducted in the prestigious list, Systems Limited showed record-breaking revenue in 2019 with surging growth continuing in 2020 despite the economic crisis brought about by the COVID-19 pandemic. The company won multiple honors at the Pakistan Software Export Board (PSEB) Awards as Top IT Exporter for 2019. The Forbes Asia accolade has further cemented Systems Limited’s stature as the leader of Pakistan’s growing IT & ITeS industry.
Founded in 1977, Systems Limited (SYS) has the distinction of being Pakistan’s first software technology company. The organization prides itself on being the country’s biggest IT exporter for 2019 and the first Pakistani technology organization to be included in Forbes Asia’s prestigious list of Best Under A Billion companies. Since its inception, Systems Limited has constantly reinvented itself by quickly acquiring expertise in new technologies to stay ahead of the curve. With over 5,000 employees globally, the company creates specialized solutions that help its clients around the world drive business results. This has made it the most valuable company for digital transformation, IT and BPO & Contact Center services in Pakistan, and among its top-tier global clientele that includes Fortune 500 and Forbes Global 1000 organizations.
As one of the country’s most sought-after employers, the company promotes employee ownership, leadership, professional fulfillment, and job satisfaction.
Forbes Asia’s annual Best Under A Billion list aims to honor high achievers of the region across different industries. These organizations are selected from a universe of 18,000 publicly traded companies in the Asia-Pacific region with annual revenue above $10 million and below $1 billion, exceptional performance, unparalleled sales and profit growth, low debt levels, and robust governance. A mix of quantitative and qualitative criteria are used for screening, such as excluding companies with serious governance issues, questionable accounting, environmental concerns, management issues or legal troubles. State-owned and subsidiary companies are also excluded.