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Tan Sri SM Nasimuddin SM Amin (27 January 1955 1 May 2008) was the
founder, chairman and chief executive officer of the Naza Group of Malaysia. 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
for South Korea's Kia vehicles, and France's Peugeot vehicles. It also holds the
import permits for Mercedes Benz and Mazda vehicles.
Background
Nasimuddin was born to a Minangkabau ancestry. He 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, Negeri
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
for bumiputra. He made his first million in about a year.
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 for South
Korea's Kia vehicles, and France's Peugeot vehicles. It also holds the import
permits for Mazda 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.