Corporate Profile

Building for Tomorrow

Paramount Corporation Berhad (Paramount), listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia), is an investment holding company with established interests in property development.

Paramount, however, started as a rice miller. It was incorporated as Malaysia Rice Industries Berhad, on 15 April 1969. Two years later, on 15 July 1971, the Company listed on the Kuala Lumpur Stock Exchange.

In 1978, the Company ventured into property development having acquired real estate company Perumahan BerjayaSdn Bhd (now known as Paramount Property Holdings Sdn Bhd). It assumed its present name in 1980 to reflect its new business. Paramount is one of the most trusted developers in the country today with projects in Kedah, Penang, Selangor and Kuala Lumpur. It has won many awards for its projects and for shareholder returns.

Over the last 52 years, Paramount had ventured into various businesses but is known for property development andeducation, its two core businesses until it divested its controlling stakes in the latter. Paramount was a pioneer in private tertiary education and private school education in Malaysia, having founded Kolej KDU and Sri KDU school in 1983 and 2003 respectively. It was also the largest full spectrum education services provider in Malaysia afteracquiring REAL Education in 2017 until it divested its majority stake. Paramount continues to hold equity stakes in the education business.

Paramount also offers a network of coworking spaces under Co-labs Coworking. Aside from this, it also owns and operates Dewakan, which was the only Malaysian restaurant to enter the prestigious list of Asia’s50 Best Restaurants 2019.

In the hospitality sector, Paramount owns Mercure Kuala Lumpur Glenmarie, a business hotel located at Utropolis Glenmarie, One of Paramount’s integrated developments.

Throughout its journey, the essence of Paramount’s vision of ‘Changing lives and enriching communities for a better world’ has permeated across all of its businesses, creating a culture that focuses on putting people first. This is further reinforced through its corporate values of Trust, Respect, Integrity, Bravery and Energy (T.R.I.B.E).

For more on its history, please click this link: Corporate History