DRB-Hicom comes from a long heritage dating back as far as 1910. Today, DRB-Hicom is a public listed company in Bursa Malaysia in the Main Market. It is involved in many areas of businesses under the stock code of 1619.
DRB was formerly short for Diversified Resources Berhad. This is one company which today is involved in industries like:
- Automotive – Primary business
- Asset and construction
Long way to success
Dating back to 1910, Hicom started out as The New Serendah Rubber Company which operated for about 70 years. From 1980 to 1996, it was known as The Heavy Industries Corporation of Malaysia Berhad or Hicom. The company is headquartered in Shah Alam, Selangor. On the other hand, DRB started out in 1990 as Peerless Assets Sdn Bhd and became DRB a year later. It was only in 1996 that both the companies merged to become DRB-Hicom. That would result in the birth of the biggest Malaysian conglomerate.
Today, DRB-Hicom has more than 60,000 employees.
As a conglomerate, the names of subsidiaries under DRB-Hicom are renowned names and brands in their own sectors and industries. For starters, DRB-Hicom is involved in car assembling where it is involved with top brands like Honda, Isuzu, Mercedes-Benz, Volkswagen and Tata Motors.
Apart from that, DRB-Hicom is involved in other areas where its subsidiaries include Bank Muamalat, Pos Malaysia and PUSPAKOM.
Perhaps the most significant brand that DRB-Hicom is involved in is its major shares in national car brand Proton, which has since changed hands to China’s Zeijiang Geely Holding Group Limited, a Chinese carmaker which was once a minor player in this sector and effectively owns 49% in Proton. DRB-Hicom meanwhile continues to pursue other interests and is still very active in the industries it is in.