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INTRODUCTION
Tan Sri SM Nasimuddin SM Amin (25 January 1955 1 May 2008) was the founder,
chairman and chief executive officer of the Naza Group ofMalaysia.
The Naza Group, formed in 1974, has 14 business divisions including motor trading, bikes,
manufacturing, transport services, machine tools/parts, engineering, plantation, cigarette
distribution, credit & leasing, water crafts, properties, hotel operation and insurance agency.
However, Naza is more famous for its automobile business. Naza Group currently holds the
Malaysian franchise forSouth Korea's Kia vehicles, and France's Peugeot vehicles. It also
holds the import permits forMercedes Benz and Mazda vehicles.
Born in 1955, Nasimuddin was always interested in cars and the automobile industry. He
received his early education from Sekolah Rendah Tunku Munawir (19611966). He then
studied at Sekolah Menengah Tuanku Muhammad (19671972). Both schools are located in
Kuala Pilah, Negri Sembilan.
In 1974, when he was 19, he had RM80,000 in his bank account which he saved from his
remunerations from helping out his contractor father. He started his automobile business
with an allocation of Approved Permits (APs) to import foreign cars. APs are government-
issued permits to import cars forbumiputras. He made his first million in about a year.
BIOGRAPHY
http://en.wikipedia.org/wiki/Nazahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Kia_Motorshttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Peugeothttp://en.wikipedia.org/wiki/Mercedes_Benzhttp://en.wikipedia.org/wiki/Mazdahttp://en.wikipedia.org/wiki/Kuala_Pilahhttp://en.wikipedia.org/wiki/Negri_Sembilanhttp://en.wikipedia.org/wiki/Bumiputrahttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Kia_Motorshttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Peugeothttp://en.wikipedia.org/wiki/Mercedes_Benzhttp://en.wikipedia.org/wiki/Mazdahttp://en.wikipedia.org/wiki/Kuala_Pilahhttp://en.wikipedia.org/wiki/Negri_Sembilanhttp://en.wikipedia.org/wiki/Bumiputrahttp://en.wikipedia.org/wiki/Naza -
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Name: Tan Sri SM Nasaruddin SM Amin
Born: In 1955 in Kuala Pilah, Negeri Sembilan
Occupation: CEO of Naza Group
Spouse: Puan Sri Zaleha Ismai
Number of Points of Light: 11 People
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CONTENTS
Going into business
With the RM80,000 he bought 20 APs and then flew to Japan. He spent three months there
and brought in his first 20 units of used Japanese cars, which he sold in three months.
Nasimuddin started his automobile business with a shoplot in Taman Maluri selling 10 to 15
units of cars each month. In 1979, he opened a branch in Kampung Baru, Kuala Lumpur
doing retail and selling 40 to 60 cars monthly.
During those years, Nasimuddin had already shown his business acumen when he decidedto import used Japanese cars at a time when Japanese cars were popular with Malaysians.
He faced some challenges, including financing and how to convince customers to buy used
cars when many were then not keen on foreign cars. But his passion and faith in the
business drove him to success.
To succeed you must love what you do and you must know what you are doing. You must
plan ahead and have direction, he said. In business you must start from small, study
everything and go step by step.
Despite being a highly successful and wealthy businessman, Nasimuddin says he has not
changed much. The only difference is that I started off with five employees and now I have
about 4,000, he claims.
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Businesses
The Naza Group now has 14 business divisions covering industries such as cigarette
distribution, credit and leasing, engineering, hotels, insurance, machine tools and parts,
manufacturing, motorcycles, property, transport services, plantations and water craft.
He owned TTDI Development which is one of the most prominent real estate companies in
Kuala Lumpur.
The Naza Group currently holds the Malaysian franchise forSouth Korea's Kia vehicles, and
France's Peugeot vehicles. It also holds the import permits forMazda vehicles. Naza has
now also become the biggest and most prominent importer of luxury high-end vehicles like
Mercedes Benz in Malaysia with endeavours such as Naza-Brabus.
He was reported to be interested in buying a 40% interest and taking over Malaysia's
national carmaker, Proton, which was reported to be in financial turmoil. He stated that he
had already drawn his plan in turning around Proton if the Malaysian government gave the
nod for him to buy a controlling stake of the company.[1] He planned to build a RM1.2 billion
factory in Bertam, Penang.
In April 2008, he ventured into the food business by launching the Bubba Gump Shrimp Co.
Restaurant and Market.
AP Controversy
Nasimuddin was implicated in the AP controversy of 2005, when he was dubbed the "AP
King". It was claimed that he and three other prominent businessmen were monopolising the
issuance of Approved Permits (APs). APs are government-issued permits to import cars for
http://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Kia_Motorshttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Peugeothttp://en.wikipedia.org/wiki/Mazdahttp://en.wikipedia.org/wiki/Mercedes_Benzhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/w/index.php?title=Bertam&action=edit&redlink=1http://en.wikipedia.org/wiki/Penanghttp://en.wikipedia.org/wiki/Kuala_Lumpurhttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Kia_Motorshttp://en.wikipedia.org/wiki/Francehttp://en.wikipedia.org/wiki/Peugeothttp://en.wikipedia.org/wiki/Mazdahttp://en.wikipedia.org/wiki/Mercedes_Benzhttp://en.wikipedia.org/wiki/Malaysiahttp://en.wikipedia.org/w/index.php?title=Bertam&action=edit&redlink=1http://en.wikipedia.org/wiki/Penang -
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bumiputras. The practice of APs helped shift dominance of the car import industry from the
ethnic Chinese to the Malays. Former Prime Minister Tun Dr Mahathir Mohamad described
Nasimuddin as an example of the New Economic Policy's (NEP) success, Bernama
reported.
He said Nasimuddin had an extraordinary approach in developing his business, starting with
selling imported used cars from Japan and then going on to collaborating with foreign
companies to produce and sell local cars under his own brand name.
"He proved that the NEP was capable of producing successful bumiputras if they seized the
available opportunities well. If all had the same opportunities and did what he had done, we
may have achieved more than the NEP objectives," Dr Mahathir told Bernama.
Awards and recognition
In appreciation of his services and contributions, he was bestowed with several
awards, which among others, include the federal award Panglima Setia Mahkota
(P.S.M.) by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong, which carries
the titleTan Sri
In 2002, Tan Sri SM Nasimuddin was named Motoring Man of The Year by the News
Straits Times
Tan Sri SM Nasimuddin SM Amin received one ofSouth Koreas highest awards for
his contribution to the automotive industry. He received the Presidential Award
http://en.wikipedia.org/wiki/Bumiputrahttp://en.wikipedia.org/wiki/Malaysian_Chinesehttp://en.wikipedia.org/wiki/Malaysian_Malayhttp://en.wikipedia.org/wiki/New_Economic_Policyhttp://en.wikipedia.org/wiki/Yang_di-Pertuan_Agonghttp://en.wikipedia.org/wiki/Tan_Srihttp://en.wikipedia.org/wiki/Tan_Srihttp://en.wikipedia.org/wiki/South_Koreahttp://en.wikipedia.org/wiki/Bumiputrahttp://en.wikipedia.org/wiki/Malaysian_Chinesehttp://en.wikipedia.org/wiki/Malaysian_Malayhttp://en.wikipedia.org/wiki/New_Economic_Policyhttp://en.wikipedia.org/wiki/Yang_di-Pertuan_Agonghttp://en.wikipedia.org/wiki/Tan_Srihttp://en.wikipedia.org/wiki/South_Korea -
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industrial service medal from South Korean ambassador to Malaysia Son Sang-Ha,
on behalf of the President of South Korea, at a ceremony at the embassy in
Malaysia. He is the first Malaysian to have received the award
See and seize opportunities
in the attitude of view and seize the opportunities that were Tan Sri Nasaruddin do can be
seen when he bought 20 APs (Approved Permits) and then to Japan, where he spent three
months and brought back the first 20 units of used Japanese cars were sold all within three
months. He started his automobile business in a shop in Taman Maluri and sell 10 to 15 cars
a month. In 1979, he opened a branch in Kampung Baru, Kuala Lumpur to intensify his retail
business and sell 40 to 60 cars a month. Through this experience, he obtained a search
efficiency and identify business opportunities that exist and the ability to expand in the
market. This competence provides an important factor in the success and resilience of
business and continue a long business life.
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CONCLUSION
Conclusions are available on our choice of entrepreneur Tan Sri SM Nasaruddin SM Amin is
with the passion for something to help you achieve success as he quotes, "To succeed you
must love what you do and you must know what you pass. You must have a plan and a
purpose and direction in business you must start from small and walk step by step. "
In addition, he also has long term plans and short-term to raise money of RM 80,000 at age
19 years with the help of his father who worked as a contractor for use as capital to buy a
used car made in Japan.
He is also wise to take the opportunities available by selling Japanese-made car which was
then the people of Malaysia like products made in Japan and holds the Malaysian franchise
for South Korea for Kia cars and France for Peugeot cars. He also holds import permits for
Mercedes Benz cars and Mazda.Listen
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1. noun
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The attitude of a successful entrepreneur in the firmness of his personal decision and
courage to voice their opinions. This attitude can be seen as denying the hardware on the
controversial production of tens of thousands of car import permit documents to him by the
government for a fee.
High confidence in himself and save the pride of the country benefit the country by
purchasing 40 percent stake of the national car manufacturer, PROTON is experiencing
financial difficulties due to economic downturn and saving the company.
Through the successes achieved by him so he awarded the Panglima Setia Mahkota award
fellowship (P.SM.) by His Majesty Seri Paduka Baginda Yang di-Pertuan Agong to take the
title Tan Sri, and in 2002, he was named Man The Year Motoring by News Straits Times. He
also received one of the highest awards for his contribution to South Korea's automotive
industry is the Presidential Award service medal from the South Korean ambassador to
Malaysia, Son Sang-Ha on behalf of the South Korean president, at a ceremony at the
embassy in Malaysia and he Malaysia is the first people to receive the award.
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REFERENCE
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ATTACHMENT
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Showroom Malaysia's largest automobile
The variety of automobile brands that are traded on the Naza World
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Dictionary - View detailed dictionary
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Petaling Jaya, July 16, 2009 - Naza Group Corporate Social Responsibility
(CSR),Kia Pregio van delivered to the House of Love Kampung Ulu Inas,
Orphanage in Negeri Sembilan
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Property developers NAZA TTDI Sdn Bhd donated a dialysis machinebelts and other equipment worth RM69, 000 for the Association of Dialysis
Touch (PDT), a hemodialysis center in Kota Damansara.
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Naza Group of Companies under the Naza Foundation contributed RM500, 000to fund the Palestinian People's Humanitarian Trust