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Ranked 48th last year, the company's 17th position in 2016 shows consistent and outstanding growth during the past 12 months.
This came as turnover grew by £71 million, from £420 million to £491 million in the past financial year.
Other travel companies in the ranking of companies by sales include Lotus Group (41st), Hays Travel (49th), and Audley Travel (178th).
Southall Travel managing director Kuljinder Bahia said: "This is an incredible achievement by the entire team here at Southall Travel and I absolutely thrilled.
"Our business continues to grow at a rapid rate and once again I am very grateful to our suppliers with whom we have very strong relationships and to our loyal customers.”