Javid, who retains the top slot he won last year, is described as a "determined young man" who has enjoyed a "meteoric rise" since joining politics in 2010, according to the GG2 Power 101 list.
Priti Patel, Britain's Indian-origin Minister of State for Employment, emerged as the third most influential Asian followed by steel tycoon Lakshmi Mittal.
The list was released at the GG2 Leadership awards dinner last night in London.
Malala, placed at No 10, is the youngest entry on the list, aged just 18. The Pakistan-born schoolgirl, who was shot by Taliban militants for defending her right to education, is one of 23 women on the list.
Others in the top 10 are Ameet Gill, British Prime Minister David Cameron's director of strategy; Labour's London mayoral hopeful Sadiq Khan; Sir Venkatraman Ramakrishnan, Nobel winner for chemistry and Artist Anish Kapoor.
The GG2 Power 101, compiled and published by The Asian Media and Marketing Group (AMG),
At the ceremony,Rakeshs Kapoor, CEO of Reckitt Benckiser (RB) won the GG2 Hammer Award.
Kapoor took over the helm of one of UK's most successful and profitable company in 2011, spent four years developing its portfolio and turned itinto a USD 65 billion company.
Film maker Asif Kapadia, bagged the GG2 Media and Creative Arts Award for his film productioncompanyOn the Corner.
Gaurav Atreja, Consultant Neonatologist, Imperial College Healthcare NHS Trust, won the GG2 Pride of Britain Award.
Priti Patel was also declared GG2 Woman of the Year, while Lord Kamlesh Patel emerged as the GG2 Man of the Year.
Other recipients were Polly Harrar, Chief Executive of the Sharan Project, the first online support network for South Asian women in the UK (Spirit in the Community Award); Sandy Rashty, Editor of the Jewish Chronicle (Young Journalist of the Year); Kwai Tsun Staneley Tse, Chairman of SeeWoo Foods Limited (World Food Award).
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