DRB-HICOM

DRB-HICOM Berhad
FormerlyDiversified Resources Berhad
Company typePublic limited company
MYX: 1619
ISINMYL1619OO005
IndustryConglomerate
Predecessor
  • The New Serendah Rubber Company Limited (1910–1980)
  • The Heavy Industries Corporation of Malaysia Berhad (1980–1996)
  • Diversified Resources Berhad (1996)
Founded1996; 28 years ago (1996)
FounderYahaya Ahmad
Headquarters
Shah Alam, Selangor
,
Malaysia
Area served
Southeast Asia
Key people
  • Wan Zulkiflee Wan Ariffin, (Chairman)
  • Syed Faisal Albar Syed Ali Rethza Albar, (Group Managing Director)
  • Aminah Othman, (Group Chief Financial Officer)
  • Jezilee Mohamad Ramli (Chief Operating Officer, Corporate Services)
  • Azri Zaharuddin, (Chief Operating Officer – Properties, Corporate Planning & Strategy)
RevenueDecreaseRM12.65 billion [1] (2021)
Total assetsDecreaseRM41.68 billion (2019)
Number of employees
Approx. 47,000
Subsidiaries
Websitewww.drb-hicom.com

DRB-HICOM Berhad (MYX: 1619) is one of Malaysia's leading corporations, involved in the automotive manufacturing, assembly and distribution industry through its involvement in the passenger car and four wheel drive vehicle market segment, the national truck project and the national motorcycle project. DRB-HICOM is the majority shareholder of Malaysia's national car company, Proton, with China's Zhejiang Geely Holding Group the other shareholder since an equity sale in 2017.[2] The Group also owns national motorcycle company Modenas, with Japanese two-wheeler giant Kawasaki as its partner.[3] DRB-HICOM assembles cars in Malaysia for Tata Motors, Honda, Isuzu, Mercedes-Benz and Volkswagen, with plans for expansion.[4][5][6][7] The Group also retails various brands such Audi (via Euromobil Sdn Bhd), Mitsubishi (via EON Auto Mart Sdn Bhd) and Volkswagen (via HICOM Auto Sdn Bhd).

Besides automotive concerns, DRB-HICOM's core business focuses are in the services (postal, banking, vehicle inspections) and property & infrastructure sectors. These are conducted via several companies such as Pos Malaysia, Bank Muamalat, and Puspakom. It is also the owner of two education institutions, namely DRB-HICOM University of Automotive Malaysia and Akademi Saga in Pekan, Pahang. The latter is a vocational training centre that produces trained mechanics.

The Group also has a significant presence in the defence industry. Through DRB-HICOM Defence Technologies, it designs, develops, manufactures and supplies armoured and logistics vehicles for military and homeland security use. It supplies mainly to the Government of Malaysia.

  1. ^ https://www.drb-hicom.com/wp-content/uploads/2022/02/MEDIA-RELEASE-DRB-HICOM-NETS-RM153.37m-PRE-TAX-PROFIT-IN-Q4-2021-Short.pdf [bare URL PDF]
  2. ^ "DRB-Hicom selling 49.9% stake in Proton to Geely". 24 May 2017.
  3. ^ https://themalaysianreserve.com/2019/04/29/drb-hicom-sells-11-stake-in-modenas/
  4. ^ Cite error: The named reference paultan_2012-03-12 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference auto-news_2012-03-12 was invoked but never defined (see the help page).
  6. ^ Cite error: The named reference AuWo_2012-07-19_11-27 was invoked but never defined (see the help page).
  7. ^ "Business Content". Archived from the original on 23 September 2015. Retrieved 31 October 2012.