Paramount Corporation Berhad is a company listed on the Main Market of Bursa Malaysia Securities Berhad with operations spanning three business segments. Its origin trace back to rice milling, having been incorporated as Malaysia Rice Industries Berhad on 15 April 1969. Paramount was listed on the Kuala Lumpur Stock Exchange two years later on 15 July 1971.
Its core business segment, which is in property development, has projects in Kedah, Penang, Selangor and Kuala Lumpur under the Paramount Property brand, as well as a 49% equity venture in Bangkok. In 2024, Paramount grew its international footprint by acquiring a stake in a Malaysian-listed property company that has development projects in London, Sydney and Melbourne, alongside further expansion in Malaysia. More details about Paramount Property and its ongoing development projects.
Under the coworking segment, Paramount operates nine Co-labs Coworking spaces throughout Klang Valley and one in Johor, complemented by a design-and-build business, Scalable Malaysia.
The third segment covers businesses in the hospitality sector and other investments, where it owns notable brands such as Dewakan, a two MICHELIN Stars and one MICHELIN Green Star restaurant; Bidou, a restaurant offering classic French cuisine in Bukit Damansara, Kuala Lumpur, which was awarded “Opening of the Year” by MICHELIN and is listed in the MICHELIN Selected category; and Mercure Kuala Lumpur Glenmarie, a four-star business hotel.
Paramount invested in a peer-to-peer financing platform and subsequently an e-commerce platform in 2022. In 2025, Paramount acquired a 28% strategic stake in Envictus International Holdings Limited (Envictus), a Singapore-listed company operating within Malaysia’s food and beverage sector.
With a vision of ‘Changing lives and enriching communities for a better world‘, Paramount continues to grow its businesses while contributing to nation building. Its sustainability aspirations of ‘Creating sustainable value for the future’ involve taking actions today that will have positive impact on the future generations. These include embracing change, transforming its business and exploring innovative solutions to future proof its business while maintaining a strong focus on corporate governance, ethics and integrity.
For more on its history, please click this link: Corporate History