Top 10 Largest Malaysian Companies
Since gaining its independence in 1957, Malaysia has successfully diversified its economy from one that was primarily based on agriculture and commodities to ... read more...one that now has thriving manufacturing and service sectors, which have helped the nation grow into a major exporter of electrical appliances, parts, and components. Below are the largest Malaysian companies.
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Ranked first in the list of largest Malaysian companies is Maybank. The primary operating "home markets'' for Malaysian Banking Berhad (doing business as Maybank) are Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance study, Maybank is the most valuable bank brand in Malaysia, the fourth most valuable brand in the Asean region, and the 70th most valuable bank brand globally. By market capitalization and total assets, Maybank is the biggest bank in Malaysia and one of the biggest in Southeast Asia. Additionally, Maybank is placed 349th in the Forbes Global 2000 Leading Companies and 106th in The Banker's 2020 Top 1000 World Banks (as of May 2020).
At Bursa Malaysia, the Malaysian stock exchange, Maybank is the largest publicly traded corporation, with a market capitalization of US$23.7 billion as of December 31, 2019. The Banker selected Maybank Islamic the 2020 Global Islamic Bank of the Year. Maybank Islamic is the largest Islamic bank in ASEAN and Malaysia in terms of assets. Maybank has a network of 2,600 retail banking locations globally with more than 43,000 staff. This network includes all 10 ASEAN countries as well as important Asian countries and global financial centers.
Maybank draws inspiration from the burgeoning fintech and digital banking firms in its ongoing efforts to improve client experience. The goal of the bank is to make it easy and convenient for consumers to obtain its financial services through widely used digital technologies. Straight-through processing (STP) rates and customer turnaround times are the two metrics used by Maybank Group to assess the performance of all digital efforts. These metrics give the bank the ability to monitor and evaluate the effectiveness of its services, resulting in the development of more effective service delivery capabilities across multiple businesses.
Founded: 1960
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.maybank.com/ -
Leading chemical manufacturer in Southeast Asia is Petronas Chemicals Group. With a production capacity of more than 10 million metric tons annually, it has multiple plants in Malaysia. Olefins, polymers, and methanol are just a few of the chemicals produced by the company that are used in fertilizers and plastics. More than 30 nations, primarily in Asia-Pacific, sell its products. As an investment holding company, PETRONAS Chemicals Group Bhd. does business. The business creates, advertises, and sells chemical products. The segments that make up its business are Olefins and Derivatives, Fertilizers and Methanol, and Others.
For usage in residential, commercial, industrial, and agricultural settings, the company's liquid petroleum gas operations include the packaging and sale of gas in cylinders and bulk. Customers now have access to high-quality gas goods for a range of household and commercial uses, such as heating, air conditioning, gas lighting, soldering, drying grains, tanning, and drying tobacco.
Petronas Chemicals Group runs several top-notch production facilities in Malaysia, the Asia-Pacific region, Europe, and North America. PCG is a publicly traded company on Bursa Malaysia Securities Berhad's Main Market. PCG is committed to making sure that its business activities adhere to the criteria for economic, environmental, social, and governmental (EESG) principles that are accepted worldwide. Additionally, it is currently included in the Dow Jones SustainabilityTM World Index and the FTSE4Good Bursa Malaysia (F4GBM) Index.
Founded: 1998
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.petronas.com/pcg/ -
Tenaga Nasional would be the next largest Malaysian company. Tenaga Nasional Berhad, often known as Tenaga Nasional or just Tenaga, is a Malaysian multinational power corporation with assets valued at MYR 182.60 billion. It is the only electric utility provider in Peninsular Malaysia and the biggest publicly traded power business in Southeast Asia. Through Sabah Electricity Sdn Bhd, it provides service to over 10.3 million clients throughout Peninsular Malaysia (with the exception of Sarawak) and the state of Sabah in East Malaysia.
The production, transmission, and distribution of electricity are Tenaga Nasional's primary business activities. Other activities include coal mining and trading, high voltage switchgear assembly and manufacturing, power plant testing, repair, and maintenance, engineering, procurement, and construction services for products connected to power plants, and high voltage switchgear assembly and maintenance. Malaysia, Saudi Arabia, Pakistan, India, Turkey, the United Kingdom, and Cambodia are all locations where operations are carried out. Through its institution, Universiti Tenaga Nasional (Uniten), TNB also provides higher education.
The production, transmission, and distribution of electricity are Tenaga Nasional's main commercial activities. The company provides electricity to industry and residential customers in Peninsular Malaysia from six thermal power plants and three significant hydropower projects. TNB is one of the 13 Malaysian firms featured on the Forbes Global 2000 in 2018, as well as one of the 10 businesses within the Malaysian sovereign wealth fund Khazanah Nasional. TNB is placed 226th globally in the 2020 Bentley Infrastructure 500 and 16th globally in Brand Finance: Utilities 50 2021 Ranking.
Founded: 1990
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.tnb.com.my/ -
Asia's largest private healthcare group, IHH Healthcare Berhad, is a transnational organization with a concentration on upscale healthcare services. It provides a broad range of integrated healthcare services, including a wide range of acute medical services, hospitals, and highly specialized care. It has a significant geographic presence in Malaysia, Singapore, Turkey, India, Greater China (including Hong Kong), across Asia, and Central and Eastern Europe. Its headquarters are in Kuala Lumpur.
IHH Healthcare offers comprehensive and individualized care ranging from primary to quaternary care, as well as ancillary services like laboratory, diagnostics, imaging, and rehabilitation, through the portfolio of trusted brands Acibadem, Mount Elizabeth, Prince Court, Gleneagles, Fortis, Pantai, Parkway, and IMU. With its size and scope in ten nations, it keeps setting higher standards for healthcare in important markets like Malaysia, Singapore, Turkey, India, Greater China (including Hong Kong), and elsewhere.
IHH is able to raise the bar of excellence and forge synergies that improve healthcare and make it quicker, simpler, and more economical thanks to IHH's breadth and depth of experience as well as its distinctive scale and reach. The goal of IHH Healthcare is to become the most reputable network of healthcare providers in the world. Its aim is to provide patients with the best treatment possible, centered on individuals who consistently raise the bar for clinical, operational, and service excellence.
Founded: 1974
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.ihhhealthcare.com/ -
CIMB Group would be the fifth largest Malaysian company in this list. A Malaysian universal bank with its headquarters in Kuala Lumpur and operations in ASEAN countries with high growth rates is CIMB Group Holdings Berhad. A native ASEAN investment bank is CIMB Group. With 1,080 locations spread out across the region, CIMB has a sizable retail branch network. The group conducts business as CIMB Investment Bank, CIMB Bank, CIMB Islamic, CIMB Niaga, CIMB Securities International, and CIMB Thai, among other organizations.
Consumer banking, wholesale banking, including investment banking and corporate banking, Treasury & Markets, and group strategy & strategic investments make up the majority of the group's business activities. Malaysia, Indonesia, Singapore, and Thailand are its primary markets. In keeping with the group's dual banking concept, CIMB Islamic runs these activities side by side. In its primary operational markets of Malaysia, Indonesia, Singapore, Thailand, Cambodia, and the Philippines, CIMB Group offers comprehensive consumer banking services.
With more than 8 million clients countrywide, CIMB Bank is the second-largest commercial bank in the nation by assets. It provides the whole range of banking services, from consumer goods to business banking services for SMEs, as well as insurance, investment, and wealth management products and services. The goal of CIMB Group is to become the premier, ASEAN-focused bank.
Founded: 2006
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.cimb.com/ -
A significant publicly traded banking firm in Malaysia is Hong Leong Bank Berhad. Kwong Lee Mortgage & Remittance Company was the name under which Hong Leong Bank launched its first operations in Kuching, Sarawak, in 1905. Lam Tee Chew and Lam Song Khee, two Cantonese brothers, started the initial business. The corporation provided loans in exchange for export commodities like pepper, rubber, and other homegrown goods. Additionally, it offered the ability for Chinese citizens living abroad to send money home to their families in China's Southeast.
Hong Leong Bank Berhad is a Malaysia-based provider of regional financial services with offices in Singapore, Hong Kong, Vietnam, Cambodia, and China. The Bank prioritizes the development of financial capabilities to serve its clients throughout the five geographies and is technology-focused. The Hong Leong Group includes Hong Leong Bank Berhad, which is listed on Bursa Malaysia and is referred to as "HLB" or "the Bank." The Bank, which has its main office in Kuala Lumpur, has a long history of Malaysian business.
Offerings under its retail banking product portfolio include accounts and deposit products like current accounts, foreign currency and savings accounts, fixed term and flexi term deposits; card products like debit and card cards; and lending solutions like loans for overdrafts, business financing, personal, home, and auto loans, share margin financing, revolving credit, and term loans, among others. Hong Leong Bank provides wealth management, safe deposit box services, cash management, trade finance, capital markets trading, import and export financing, foreign currency financing, shipping, and bank guarantee services as a part of its connected financial solutions. Solutions relating to insurance include, among other things, coverage for health, life, travel, house, and automobiles.
Founded: 1905
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.hlb.com.my/ -
PETRONAS Gas Berhad is a Malaysian corporation that divides natural gas into its constituent parts, stores, transports, and distributes these parts, as well as selling industrial utilities. For industrial clients, it also provides steam, industrial gasses, and power. The company runs gas processing plants in Terengganu and the Peninsular Gas Utilisation transmission pipelines, and provides and sells nitrogen, oxygen, de-mineralized water, raw water, and boiler feed water through its utilities plants. The corporation also manages the utilities at the Kertih and Gebeng complexes in Terengganu and Pahang, respectively. Melaka and Johor also have LNG regasification terminals.
Petronas Gas is the one company that embodies Malaysia more than any other. The government-owned oil and gas business, which bears the same name as the famous twin towers in Malaysia's capital city of Kuala Lumpur, is also the most expensive brand in the country, with a brand value of more than 13 billion US dollars. In light of the fact that Malaysia's oil and gas sector generated about 8% of the country's GDP, this clearly demonstrates the industry's significance.
As they use the positive aspects of energy to improve and enrich lives, sustainability is at the center of what they do. People are the key to growth and development, igniting passion for invention to move us closer to a sustainable energy future. The core principles of business behavior at Petronas Gas are rooted in the company's values, which represent a feeling of obligation and accountability in preserving our commitment to improving the lives of people and nations everywhere we do business. That's all about the seventh largest Malaysian company Toplist wants to mention.
Founded: 1974
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.petronas.com/pgb/ -
The top international shipping company in Malaysia is MISC Berhad, which was established in 1968 as Malaysia International Shipping Corporation Berhad. Malaysia International Shipping Corporation Berhad changed its name to MISC Berhad in September 2005 and adopted the current corporate brand. Petroliam Nasional Berhad (Petronas), Malaysia's national oil company, is its largest stakeholder. The corporation's main lines of business are ship ownership, ship operation, various shipping-related pursuits, ownership and operation of offshore floating facilities, maritime maintenance, marine conversion, engineering, and building projects.
Energy transportation is MISC's area of expertise. It is presently one of the top LNG fleet operators in the world with 29 LNG carriers. Through its wholly owned subsidiary AET, MISC Berhad is a market leader in lightering operations for ship-to-ship transfers in the US Gulf and one of the top global tanker operators. Vegetable oil and chemical products are also freighted by MISC, which has significant trade lines to South East Asia, the Far East, the Middle East, Europe, the Indian Subcontinent, and the Americas. Additionally, MISC performs engineering and construction services as well as marine repair and conversion.
The strategy is to maximize the value of MISC Berhad through our people by promoting exceptional performance, increasing productivity, and offering possibilities for growth within our organization. The mission of MISC is to continually offer improved maritime energy-related solutions and services.
Founded: 1968
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.misc.com.my/ -
One of the biggest names in the food and beverage sector worldwide as well as one of thelargest Malaysian companies is Nestlé, a multinational corporation. The current location of the Nestlé Malaysia main office, which includes 6 sales offices with more than 5000 people nationally, is Mutiara Damansara in Petaling Jaya, Selangor. In addition, Nestlé promotes approximately 300 Halal items across the country and produces its own products in 7 plants. A few of the many well-known brands that Nestlé has in Malaysia are Maggi, Nescafé, Milo, Kit Kat, Nesvita (formerly known as Nestum), as well as pet care goods like Purina and Friskies. Nestlé specializes in the food and beverage business.
Nestlé's objective is to be the market leader in the nutrition, health, and wellness industries by supplying top-tier goods that are dependable, convenient, and of the best quality, all while adhering to the highest standards of business excellence. The goal of Nestlé is to improve people's quality of life by providing wholesome foods and beverages worldwide so they can lead better lives.
Since 1912, Nestlé has fed Malaysians with its premium brands and goods while upholding the perfection and integrity of Halal. This is in accordance with their mission, which is to use food's potential to improve everyone's quality of life both now and in the future. Many of its major brands, such as Milo, Maggi, Nescafé, and Kit Kat, have now been consumed in Malaysian homes for many generations. Nestlé is steadfastly committed to providing the absolute best in quality, nutrition, and flavor. Nestlé has been present in the country and in the hearts of Malaysians for more than a century.
Founded: 1912
Headquarters: Petaling Jaya, Malaysia
Website: https://www.nestle.com.my/ -
A bank with its headquarters in Kuala Lumpur, Malaysia, Public Bank Berhad provides financial services both within Malaysia and throughout the Asia-Pacific region. One of Southeast Asia's largest banks right now is Public Bank. In terms of shareholders' funds, Public Bank is the biggest bank in Malaysia, followed by Maybank and CIMB in terms of market capitalization and total assets, respectively.
A wide variety of financial services and products are currently provided by Public Bank Bhd, including personal banking, business banking, Islamic banking, investment banking, share brokerage, trustee services, nominee services, the sale and management of unit trust funds, bancassurance, and general insurance products. The core objective of Public Bank's strategy is to expand its retail banking operations, with a focus on small and medium businesses and retail customers.
The Public Bank Bhd is renowned for its consistently conservative management and good financial results. It constantly receives high credit and financial ratings from both domestic and international rating organizations. The Rating Agency Malaysia gave Public Bank a long-term rating of AAA. It receives the highest rating from the Malaysian Rating Agency. Additionally, it obtained a steady outlook P1 short-term rating. Public Bank gave precedence to Singapore and Indonesia while other significant Malaysian banks concentrated on other markets. The bank's most significant market outside of Malaysia is Hong Kong, followed by Cambodia. Public Bank was established in 1966 and expanded fast to rank among the most valuable businesses in the nation.
Founded: 1966
Headquarters: Kuala Lumpur, Malaysia
Website: https://www.pbebank.com/