Maju Holdings: In line with national growth

Reading Time: 3 minutes
Ravi Manchanda, Group CEO of Maju Holdings

Maju Holdings is one of Malaysia’s largest private companies and a diversified group that has grown into the country’s most established conglomerates. Maju operates one of the country’s largest integrated bus terminals and has a portfolio of a diverse range of properties. Inside Investor sat down with Group CEO Ravi Manchanda to see what else is in the pipeline.

Q: Can you explain to our readers what businesses Maju Holdings is involved in?
A: Our core activities include construction and property development, infrastructure, services and manufacturing. Some of the notable projects that the group have constructed include the Integrated Transport Terminal at Bandar Tasik Selatan, or ITT-BTS, and the Maju Expressway, which connects Kuala Lumpur International Airport and Putrajaya to Kuala Lumpur.

Besides that and other projects, the group has also embarked on a mega property development with gross development value of 350 million ringgit called Maju LINQ situated in the south of Kuala Lumpur, opposite ITT-TBS.

The upcoming iconic Maju LINQ consists of seven buildings with one block being 29-storey high. Maju LINQ is set to be Kuala Lumpur’s next vibrant business district, feeding off the success of its neighbour, ITT-TBS, which to date has attracted more than 2 million visitors and commuters since it opened to the public on January 1, 2011. ITT-BTS is also the first bus terminal to use the e-ticketing system to complement its airport-like façade, by taking the terminal to a new level, in line with the government’s National Key Index Area and to develop better public transportation for the public.

For the Group’s Ulu Tiram project, we have about 1,200 acres right in the center of Johor and close to where the rapid transit project will be developed. The master plan development of that area will encompass multiple projects such as a golf course, luxury residences including lakeside bungalows, waterfront villas, serviced apartments and condominiums, a commercial center with office blocks, private hospitals, a specialist medical center and spa facilities with abundant resources.

Q: What new projects is Maju Holdings presently working on?
A: The immediate tasks are to anchor our projects properly to encourage sustainability, not aiming for growth simply for the sake of growth. In the meantime we have entered  into different verticals using our core skills. In one of the verticals, we have signed up with the state of Perak to build mini-dams, where we are in the final stages of feasibility research. This project is to be completed within two or three phases in about two and a half years.

The second vertical we are looking into involves an MoU we signed with a renowned education provider, in which we will be their exclusive partner. In this field, they will bring their education competence and students and we will build the schools needed to educate them.

There are a couple of other MoUs and ventures we are working on, with other foreign companies as well as in many different sectors. We focus on the flavour of the times and on our core engineering, procurement and construction skills. Investment  in the construction industry in Malaysia is predicted to have a 60 per cent increase next year and we want to be part of that growth. The other growth sector  that stood out in the budget recently is education. We need to up-skill our workforce and vocationally train them. Our partnership with a renowned education provider  is indeed aligning ourselves towards that focus. We have about 770 staff throughout the group, mostly in Malaysia, and a small presence in Saudi Arabia. In a nutshell, we are very focused on Malaysia, but always keeping an eye open for expansion opportunities.

Q: How involved is the chairman on a day-to-day basis with strategy?
A: There are two kinds of involvement. Strategy is long-term, and the chairman is fully involved and engaged. On the execution side of operations, he together with the group managing director has left it to me to reshape the organisation while they would concentrate on business development.

Q: What has been the biggest challenge in the business?
A: I would say the biggest challenge with my position was adjusting to the local culture. After working in Europe and abroad for so many years, I was lucky to have met Tan Sri Abu Sahid who offered the job to me as the Group CEO of Maju Holdings. Working here in Malaysia, I realised that there was a difference in the way things are being done. That said, the opportunity is definitely here. Malaysia has five times the population of Singapore and ten times more the land mass. Maju is poised to move forward and to take advantage of the opportunities.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 3 minutes

Ravi Manchanda, Group CEO of Maju Holdings

Maju Holdings is one of Malaysia’s largest private companies and a diversified group that has grown into the country’s most established conglomerates. Maju operates one of the country’s largest integrated bus terminals and has a portfolio of a diverse range of properties. Inside Investor sat down with Group CEO Ravi Manchanda to see what else is in the pipeline.

Reading Time: 3 minutes

Ravi Manchanda, Group CEO of Maju Holdings

Maju Holdings is one of Malaysia’s largest private companies and a diversified group that has grown into the country’s most established conglomerates. Maju operates one of the country’s largest integrated bus terminals and has a portfolio of a diverse range of properties. Inside Investor sat down with Group CEO Ravi Manchanda to see what else is in the pipeline.

Q: Can you explain to our readers what businesses Maju Holdings is involved in?
A: Our core activities include construction and property development, infrastructure, services and manufacturing. Some of the notable projects that the group have constructed include the Integrated Transport Terminal at Bandar Tasik Selatan, or ITT-BTS, and the Maju Expressway, which connects Kuala Lumpur International Airport and Putrajaya to Kuala Lumpur.

Besides that and other projects, the group has also embarked on a mega property development with gross development value of 350 million ringgit called Maju LINQ situated in the south of Kuala Lumpur, opposite ITT-TBS.

The upcoming iconic Maju LINQ consists of seven buildings with one block being 29-storey high. Maju LINQ is set to be Kuala Lumpur’s next vibrant business district, feeding off the success of its neighbour, ITT-TBS, which to date has attracted more than 2 million visitors and commuters since it opened to the public on January 1, 2011. ITT-BTS is also the first bus terminal to use the e-ticketing system to complement its airport-like façade, by taking the terminal to a new level, in line with the government’s National Key Index Area and to develop better public transportation for the public.

For the Group’s Ulu Tiram project, we have about 1,200 acres right in the center of Johor and close to where the rapid transit project will be developed. The master plan development of that area will encompass multiple projects such as a golf course, luxury residences including lakeside bungalows, waterfront villas, serviced apartments and condominiums, a commercial center with office blocks, private hospitals, a specialist medical center and spa facilities with abundant resources.

Q: What new projects is Maju Holdings presently working on?
A: The immediate tasks are to anchor our projects properly to encourage sustainability, not aiming for growth simply for the sake of growth. In the meantime we have entered  into different verticals using our core skills. In one of the verticals, we have signed up with the state of Perak to build mini-dams, where we are in the final stages of feasibility research. This project is to be completed within two or three phases in about two and a half years.

The second vertical we are looking into involves an MoU we signed with a renowned education provider, in which we will be their exclusive partner. In this field, they will bring their education competence and students and we will build the schools needed to educate them.

There are a couple of other MoUs and ventures we are working on, with other foreign companies as well as in many different sectors. We focus on the flavour of the times and on our core engineering, procurement and construction skills. Investment  in the construction industry in Malaysia is predicted to have a 60 per cent increase next year and we want to be part of that growth. The other growth sector  that stood out in the budget recently is education. We need to up-skill our workforce and vocationally train them. Our partnership with a renowned education provider  is indeed aligning ourselves towards that focus. We have about 770 staff throughout the group, mostly in Malaysia, and a small presence in Saudi Arabia. In a nutshell, we are very focused on Malaysia, but always keeping an eye open for expansion opportunities.

Q: How involved is the chairman on a day-to-day basis with strategy?
A: There are two kinds of involvement. Strategy is long-term, and the chairman is fully involved and engaged. On the execution side of operations, he together with the group managing director has left it to me to reshape the organisation while they would concentrate on business development.

Q: What has been the biggest challenge in the business?
A: I would say the biggest challenge with my position was adjusting to the local culture. After working in Europe and abroad for so many years, I was lucky to have met Tan Sri Abu Sahid who offered the job to me as the Group CEO of Maju Holdings. Working here in Malaysia, I realised that there was a difference in the way things are being done. That said, the opportunity is definitely here. Malaysia has five times the population of Singapore and ten times more the land mass. Maju is poised to move forward and to take advantage of the opportunities.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid