Top 200 companies were picked from over 12,000 publicly-listed firms with sales of less than $1 billion in the Asia-Pacific region, a release said.
The list was mainly dominated by as many as 78 small and mid-sized firms from China and Hong Kong due to the relative economic prosperity of these regions.
Japan was the second most represented country in the coveted list with 24 companies, while its neighbour South Korea had 23 firms.
India was ranked at the fourth place with 20 entries followed by Australia with 18, it said.
This year's list is dominated by companies that have withstood challenges that threatened their survival and those that have deomonstrated exemplary entrepreneurship.