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The best performers in this year’s Best Beneath A Billion are advancing from abate economies such as Indonesia. Kresna Graha, the-Jakarta based banal agent that additionally incubates and invests in startups, acquaint the fastest three-year boilerplate sales advance amid the top 200 baby and medium-sized companies in the Asia Pacific region.

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This adventure is allotment of Forbes’ advantage of Asia’s Best Beneath A Billion 2019 list, which highlights 200 Asia-Pacific accessible companies with beneath than $1 billion in acquirement and constant top- and bottom-line growth. See the abounding list, sorted alphabetically, here.

Our anniversary Best Beneath A Billion account spotlights 200 baby and midsized about listed enterprises in the Asia-Pacific arena with sales beneath $1 billion and a clue almanac of able balance growth. These companies acquaint added than 50% boilerplate advance in anniversary net accumulation and sales in their latest banking year, to a accumulated $10 billion and $54 billion, respectively.

The absolute bazaar amount of the chic of 2019 fell 10% to $228 billion compared to aftermost year’s batch, as the barter war amid China and the U.S. abject agent sentiment. 

While companies from China, Hong Kong and Taiwan connected to boss with 122 entries (up from 108 in 2018), some of the best companies appear from added genitalia of the region. For instance, newcomer Kresna Graha Investama’s sales surged 375% for the accomplished three years on boilerplate as the Indonesian allowance benefited from the country’s booming e-commerce industry.

The afterward area highlights some of the companies on the account in alphabetical order.

AEM Holdings

Semiconductor accessories supplier AEM has continued been bound to one customer, with added than 90% of acquirement advancing from Intel, but the aggregation is diversifying. Over the accomplished two years it has spent $13 actor on acquisitions.

These accommodate Singapore’s IRIS Solution, a apparatus eyes firm, and Finland’s Afore, which is accordingly developing a wafer-testing apparatus with Intel and has a accord with Taiwan’s Foxconn to analysis microchips. AEM additionally bought InspiRain Technologies, a Singapore-based aggregation that food cable testers for Huawei’s 5G rollout in China.

However, with U.S. sanctions imposed on Huawei, AEM is alert about the contract. Executive Administrator Loke Wai San says acquirement from 5G projects will be a “small percentage” of the 2019 total. AEM expects acquirement to abatement this year afterwards a bonanza 2018, aback it rose 18% to S$262 actor ($195 million). —Pamela Ambler

Appen

This tech aggregation is advancing as companies and governments advance added AI. Backed by 1 actor freelance contributors, Appen creates and updates the databases acclimated by audience for apparatus acquirements and AI applications. “Our barter accept an advancing charge for data,” says CEO Mark Brayan.

Appen’s net accumulation tripled to A$42 actor ($31 million) in 2018 and acquirement added than angled to A$364 million. While abundant of that advance was apprenticed organically, acquisitions are allowance body new capabilities. The 23-year-old aggregation bought automatic chase appliance aggregation Leapforce in backward 2017 and machine-learning aggregation Figure Eight in March this year. Figure Eight will accomplish Appen’s casework added adorable to abate clients, accouterment the aggregation stickier revenues. —Nicole Lindsay

More on Forbes: Best Beneath A Billion 2019: Developer Akatsuki Diversifies In Wake Of Smash Hit Dragon Ball Z Game

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Dat Xanh Group

The country’s better acreage allowance was accustomed by Luong Tri Thin in 2003. Born into an underprivileged family, Thin was a artery vendor, porter, and rice merchant afore acceptable a absolute acreage broker. Dat Xanh, area Thin is administrator and CEO, angled into acreage development in 2007 and now has 28 projects with 652 hectares beneath construction. The aggregation invested about $2 billion in these projects, absolute affordable condominiums for Vietnam’s rapidly accretion boilerplate class.

The company’s acquirement jumped 61% to 5 abundance bell ($202 million) in 2018 while net accumulation rose 57% to 1.2 abundance dong. The allowance analysis awash 28,000 homes aftermost year, up 27% from 2017 and accounting for about bisected of accumulation revenue. Dat Xanh aims to advertise addition 32,000 homes this year to added adhesive its administration in the country’s allowance industry, area it currently has a 30% bazaar share. — Lan Anh Nguyen

En-Japan

The country faces a rapidly crumbling and shrinking population, authoritative it harder to ample jobs and advertise appurtenances and services. But application firms such as En-Japan advance in that ambiance with online accoutrement to advice companies administer animal resources. En-Japan’s net accumulation added about 28% to 8.1 billion yen ($75 million) in the year concluded March 31, while acquirement rose about 20% to 48.7 billion yen. Appeal for its casework will abide able accustomed the country’s bound activity bazaar and with the accretion trend of job bent by Japanese workers.

Revenues from the application chase and application bazaar are anticipation to jump 27% to about $4.7 billion in the abutting three years, according to Tokyo-based Yano Research Institute. In the aforementioned period, En-Japan expects to about bifold sales and operating profits, while advocacy assets and potentially affairs aback shares, according to the company’s cardinal plan appear in May. – James Simms

Eve Energy

The country’s booming electric car bazaar has already produced top array makers such as the Warren Buffett-backed BYD and Volvo supplier Contemporary Amperex Technology. Eve Energy aims to accompany the club and be amid China’s top three electric car array makers from seventh now.

Founded in 2001 in the southeastern burghal of Huizhou, the aggregation started as a supplier of lithium-ion batteries for e-cigarettes and home appliances. The company’s acquirement jumped 46% to 4.3 billion yuan ($655 million) in 2018, while net accumulation added 41% to 571 actor yuan. It will advance at atomic $1.4 billion to addition anniversary assembly accommodation for lithium-ion, soft-pack batteries by six times to 9 gigawatt hours by abutting year. The access up will advice abode appeal from barter including Germany’s Daimler and South Korea’s Hyundai. — Yue Wang

Gallantt Ispat

This steelmaker operates in the country’s best crawling accompaniment of Uttar Pradesh, area it produces blot iron, a raw actual for authoritative animate products. The 14-year-old aggregation is run by a ancestor and son team: C.P. Agarwal is administrator and managing director, while his son Mayank is CEO. The company’s acquirement and net accumulation added than angled to 12.3 billion rupees ($176 million) and 1.64 billion rupees, respectively, in the year concluded March 31.

Besides the animate comminute in Uttar Pradesh, Gallantt Ispat additionally operates a ability bulb and a aureate abrade mill. It affairs to advance $113 actor over the abutting two years both to bifold its steelmaking accommodation to 660,000 metric bags as able-bodied as to body a new ability to aftermath adamant pellets. The pellet bulb will advance advantage and cut assembly costs. — Anuradha Raghunathan 

Pentamaster

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Booming appeal for acute sensors has propelled Pentamaster to the account for a third after year. It was founded in 1995 in Penang, Malaysia by engineers Choon Bin Chuah, the company’s chairman, and Tan Boon Teik, its CEO.

The company’s capital business is authoritative accessories acclimated by tech firms to do affection ascendancy tests on their products. With a focus on testing accessories for acute sensors, the company’s business has been buoyed by ascent appeal for these sensors, which can be begin in electric vehicles, smartphones and factories. The company’s net accumulation surged 140% to 94 actor ringgit ($23 million) in 2018, while acquirement climbed 49% to 422 actor ringgit. The aggregation sees added advance advanced as acute sensors become ubiquitous. — Anis Shakirah Mohd Muslimin

Power Wind Health 

The abettor of Fitness Factory gyms is cashing in on Taiwan’s affection for befitting fit. The bloom and wellness area is accepted to ascend to $9 billion by 2025, from $1.3 billion in 2015, according to the Ministry of Economic Affairs. Taiwan’s rainy, hot acclimate drives abounding bodies axial for exercise.

The 13-year-old Ability Wind Bloom has admiring bloom buffs by befitting fees almost low, at beneath $40 a month. The company’s net accumulation rose 62% to NT$444 actor ($15 million), while acquirement added 32% to NT$3 billion. To sustain momentum, Ability Wind Bloom affairs to about bifold its outlets from 41 now to 80 by 2025. “There’s lots of growing space,” says a aggregation spokesman. — Ralph Jennings

United Paper

United Agenda broadcast its assembly accommodation in axial Thailand in 2017, aloof in time to booty advantage of ascent appeal for kraft agenda articles fabricated from recycled agenda and lower raw actual prices. The Bangkok-based architect of kraft paper, which is acclimated to accomplish agenda boxes and added packaging products, added than angled net accumulation to 777 actor baht ($24 million) in 2018 as acquirement jumped 46% to 3.7 billion baht.

Earnings were bolstered by added appeal from online retailers and commitment companies. United Paper’s margins climbed to 21% aftermost year from 14% in 2017 as China banned imports of atom agenda and agenda in January 2018, active bottomward the amount of the abstracts acclimated to accomplish kraft paper. United Agenda primarily sells to the calm market. — Suzy Nam

More on Forbes: Best Beneath A Billion 2019: Investment Firm’s Pivot To Tech Incubator Sees Acquirement Surge

Unitest

This chip-testing accessories maker has benefited from a able-bodied semiconductor bazaar over the accomplished three years. UniTest counts SK Hynix—the world’s No. 2 chipmaker by sales—as a above customer. Its net accumulation angled to 52 billion won ($48 million) in 2018 as acquirement added 67% to 282 billion won.

Founded in 2000 by Kim Jong-hyun, a above chief researcher at Samsung Semiconductor, UniTest was the aboriginal in South Korea to advance a localized chip-testing facility. This ability checks for faults and ensures that chips assignment in their advised settings afore aircraft to customers. While the semiconductor industry accomplished softer appeal in backward 2018, UniTest expects balance to advance in the additional division of the year as it rolls out new articles and signs up new barter in the U.S. and Japan, says a aggregation representative. — Hee-joung Kim

METHODOLOGY

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To abridge our list, we alpha with about traded companies with anniversary acquirement of amid $5 actor and $1 billion in the Asia-Pacific region. From a cosmos of 19,000 candidates, almost 1,400 anesthetized our belief for profitability, advance and bashful indebtedness. Our alternative of 200, which are not ranked, produced the accomplished sales and balance per allotment advance for both the best contempo budgetary one- and three-year periods, and the arch one- and five-year boilerplate acknowledgment on equity. We afar those with ambiguous accounting, administration issues or above acknowledged troubles. The final account of 200 is absolutely a baddest group.

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