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Malaysia’s Top 10 Biggest Local Companies in 2021

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Malaysia company
Malaysia company

There are 10 biggest local company in Malaysia.

As a Malaysian, are we familiar with the Top 10 Biggest local company in Malaysia?

1. Malayan Banking Berhad (MayBank)

MayBank

Market Value: 23.465 Billion USD (1/1/2021)

World Rank: 788 (1/1/2021)

Founded Year: 1960

Company Website: Malayan Banking Berhad

Company’s Products / services: Financial and Banking services

local company in Malaysia

Founded in 1960, Malaysian business tycoon Khoo Teck Puat with a few other partners decided to form a bank in Kuala Lumpur, which rapidly grew to more than 150 branches within a mere three years. The current CEO is Datuk Abdul Farid Bin Alias, who took over in August 2013. As on 2019, Maybank has international network of over 2,400 branches and offices in 20 countries and employing 45,000 employees.

Tenaga Nasional

The Logo of Tenaga Nasional Berhad

2.Tenaga Nasional Berhad

Market Value: 14.666 Billion USD (1/1/2021)

World Rank: 1210 (1/1/2021)

Founder Year: 1990

Company Website: Tenaga National Berhad

Company’s Products / services: Utilities, Electric utilities.

local company in Malaysia

Tenaga national berhad is a largest electricity generation and electric utility company in Malaysia. Its major taks encompasses “generation, transmission, distribution and sale of electricity”. By 1990, it had become a private company wholly-owned by the government and was given the name Tenaga Nasional Berhad.

public bank

the logo of public bank

3.Public Bank Berhad

Market Value: 19.792 Billion USD (1/1/2021)

World Rank: 919 (1/1/2021)

Founder Year: 1966

Company Website: Public Bank Berhad

Company’s Products / services: Financial and Banking services

local company in Malaysia

Public Bank Berhad is a Banking and Financial Services company with headquarters in Kuala Lumpur, Malaysia. Tan Sri Dr. Teh Hong Piow is the founder of Public Bank Berhad who had a vision to conceptualise “a bank for the public”.

In the last 46 years, they are able to expand rapidly till their current position as a premier banking group is because of its ability of providing a strong and consistent profitability.

CIMB logo

CIMB logo

4. CIMB Group Holdings Berhad

Market Value: 10.552 Billion USD (1/1/2021)

World Rank: 1619 (1/1/2021)

Founder Year: 1924

Company websites: CIMB Group Holdings Berhad

Company’s Products / services: Financial and Banking services

local company in Malaysia

CIMB Group Holding Berhad is a Banking and Financial Services company with headquarters in Kuala Lumpur, Malaysia. CIMB Group Holding Berhad hold and master various corporate entities such as CIMB Investment Bank, CIMB Islamic and CIMB Securities International. This corporation’s name stands for “Commerce International Merchant Bankers Berhad”.

In January 2003, it was listed on the Main Board of the Kuala Lumpur Stock Exchange which lasted for only three years. During the time period, CIMB managed to deliver almostm 340% returns to its shareholders. As on March 2020, CIMB Group had around 35,000 staff and over 15 million customers as well as the total assets stood at RM585.8 billion.

IHH logo

5. IHH Healthcare Berhad

Market Value: 11.645 Billion USD (1/1/2021)

World Rank: 1497 (1/1/2021)

Founder Year: 1974

Company Website: IHH Healthcare Berhad

Company’s Products / services: Healthcare, Healthcare services, Hospitals

local company in Malaysia
The business of the IHH Healthcare Berhad encompasses Healthcare, Healthcare services, Hospitals. It operates hospitals and headquarters in Malaysia. As on 2019, IHH Healthcare had 77 hospitals with 15000 plus licensed beds across 10 countries and they had 55000 plus employees.

local company in Malaysia

6. MISC Berhad

Market Value: 7.160 Billion USD (1/1/2021)

World Rank: 2198 (1/1/2021)

Founder Year: 1924

Company websites: MISC Berhad

Company’s Products / services: Industries, Marine Systems, Marine Transportation, Oil and Gas, Shipping

local company in Malaysia

MISC Berhad was founded in 1968 as Malaysia International Shipping Corporation Berhad. Nowadays, it is the leading international shipping line of Malaysia. It sets headquarters in Kuala Lumpur, Malaysia.

local company in Malaysia

7. Genting Berhad

Market Value: 4.482 Billion USD (1/1/2021)

World Rank: 3205 (1/1/2021)

Founder Year: 1924

Company websites: Genting Berhad

Company’s Products / services:  Consumer Cyclical, Casinos, Hotels, Entertainment,Resorts.

local company in Malaysia

Genting Highland

Tan Sri Lim Goh Tong who is the founder of the Genting Highlands who had a vision of a mountain resort within reach of all Malaysians. It also known as “the highlands resort. Many families or Malaysian go to for their holidays because there’s a theme park and colder than the usually hot and humid cities”.

Currently, the business of the Genting Berhad encompasses Restaurants, Leisure & Hospitality, Plantation, Property Development, Energy Sector, Lifesciences and BioTechnology sectors. As on 2019, Genting Berhad has 55,000 employees.

After that, on a more business-like note, the Group comprises four listed entities, namely Genting Malaysia Berhad, Genting Plantations Berhad, Genting Singapore Plc and Genting Hong Kong Limited.

local company in Malaysia

8. Genting Malaysia Berhad

Market Value: 3.850 Billion USD (1/1/2021)

World Rank: 3606 (1/1/2020)

Company websites: Genting Malaysia Berhad

Company’s Products / services:  Consumer Cyclical, Casinos, Hotels, Entertainment,Resorts.

local company in Malaysia

Genting Malaysia Berhad is one of the component listed entities of the Genting Berhad. It operates hotels, resorts, gaming and other entertainment places. Headquarters is in Kuala Lumpur, Malaysia.

 

sime Darby

9.Sime Darby Berhad

Market Value: 3.955 Billion USD (1/1/2021)

World Rank: 3530 (1/1/2020)

Company’s website: Sime Darby Berhad

Company Products / Services: Consumer Cyclical, Conglomerate, Machinery Manufacturing, Automobile Parts and Engineering Products.
local company in Malaysia

During the early period, Sime Darby Berhad own 5 core sectors to their name which is plantations, property, industrial, motors, as well as energy and utilities.

Now, Sime Darby went on to become one of Malaysia’s leading diversified multinational corporation. The business of the Sime Darby Berhad encompasses manufacture industrial machinery, automobile parts, motors. Furthermore, It has also business in hospitals, retail, insurance. Headquarters is in Kuala Lumpur, Malaysia.

top glove

10. Top Glove Corporation Berhad

Market Value: 12.106 Billion USD (1/1/2021)

World Rank: 1440 (1/1/2021)

Company’s website: Top Glove Corporation Berhad

Company Products / Services: Healthcare, Medical Equipment

local company in Malaysia

The business of the TopGlove encompasses Healthcare and Medical Equipment. In addition, it also manufactures nitrile gloves, surgical gloves and natural rubber gloves. Headquarters is in Malaysia.

As on 2020, TopGlove company has 44 factories, 700 production lines, 19000 employees and it manufactures 78.7 billion gloves per anum.

Lastly, as a local company in Malaysia, they contributed a lot to the Malaysia’s economy and lots of the industry such as tourism industry, finance & banking industry, healthcare industry, manufacturer industry and so on.

More Information About: 
Content source: https://www.value.today/headquarters/malaysia

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