Dr Ranger who received the award from British Secretary of State for Business, Innovation and Skills Dr Vince Cable, at the Asian Business Awards said, "vision, determination and hard work enabled his company to achieve outstanding results and win the Queens award for Enterprise in International Trade for 2009 and 2010".
He saluted Britain which gave him the opportunity to realise his dream.
According to the citation, Sun Mark markets a range of high quality consumer products in the food, drink, toiletries and household goods sector in over 90 countries, including in South Asia, Africa, Middle East and Caribbean.
Dr Ranger, chairman of the Pakistan, India and UK Friendship Forum, first arrived in the UK in 1970s and took a job as a chef.
It was tough getting a job and racism abounded, said Dr Ranger of his early experiences trying to find himself work.
He moved from being a chef to a district manager in charge of 10 restaurants but with a foray into management at the electrical retailer Currys he still felt stifled.
The lack of any serious career prospects at Currys prompted him to set up on his own.
Brands such as Pure Heaven, Golden Country and Laser are now well known outside the UK.
A committed Gandhian, his own father was murdered by political opponents shortly before partition of undivided India.
Turnover at Sunmark in the year ending August 2010 grew to 82.5 million pounds from 60 million pounds the previous year and operating profit rose to 5.4 million pounds.
Coupled with the profits at Sea, Air and Land Forwarding which he set up and other private wealth, the Asian Rich List valued him at 66 million pounds.
Mint Leaf, a fine dining restaurant in Haymarket in central London was named Asian Business Restaurant of the Year 2011 while Lebara Mobile group, founded in 2001 to offer telecommunications solutions to enable families, friends and colleagues to keep in touch wherever they are in the world as the Asian Business of the year 2011.
Other award winners were Bristol Laboratories (Asian Business Healthcare Business of the year award 2011), Amit Patel, Managing director, Auden McKenzie (Young Entrepreneur of the Year 2011), Dr Chai Patel, Founder & Trustee, The Bright Future Trust (Social Entrepreneur of the Year 2011).
Ramniklal Solanki, CBE, Editor-in-Chief of Asian Media and Marketing Group, organiser of the Awards said the "Asian Business Awards has a special place in my heart as they brought together the entire Asian business community, rather than individual sectors".