About Us
Our History
INTRASYS is principally engaged in the business of investment holding, consultancy, and equity management services. The Company was incorporated on 24th June 1998 and remained dormant until 2006 when INTRASYS acquired 45.2% equity interest in Pembangunan Ekuiti Sdn Bhd (“PESB”) with the remaining 54.8% was held by Bank Pembangunan Malaysia Berhad (“BPMB”).
The acquisition paved the way for the formation of SME Growth Acceleration Fund Sdn Bhd (“SME Fund”) with a committed capital of RM200.0 million. SME Bank made SME Fund its wholly-owned subsidiary when it subscribed to RM163 million of the funds for investment. Following the demerger of BPMB and SME Bank, SME Fund became the wholly-owned subsdidiary of BPMB.
INTRASYS was appointed by PESB as the mandated outsource partner in managing SME Fund. In 2017, INTRASYS acquired BPMB’s 54.8% shareholding in PESB to make it a wholly-owned subsidiary.
The SME Fund and Prior Investment Profile
Investment policies and guidelines were formulated and designed to fund as many deserving SMEs as possible in Malaysia beyond the start-up stage and prepare and grow these SMEs for the next stage of growth. The portfolio companies were prepared for readiness to be funded by commercial banks and institutional equity funds.
INTRASYS emphasized the entrepreneurs’ readiness to accelerate growth with equity and quasi-equity infusion of RM2 million to RM5 million within 3 years. RM30 million of the funds were utilized for funding SMEs via a debt ventures operations.
The focus of the investment was on 5 SME businesses including oil and gas products and services, food manufacturing, components manufacturing, information technology, and other general services. Entrepreneurship was the center stage of INTRASYS’s strategy working closely with MARA, SMIDEC, and the chambers of commerce to identify and pick entrepreneurs who had started and had proven market acceptance of the product and services for the past 2 years.
INTRASYS’s immediate role for selected enterprises was to enhance internal control, provide access to other forms of funds (debts and grants), and source strategic follow-on investors. For business building, a broad level strategic mapping was agreed upon upfront and monthly tracking during meetings and discussions were held with the entrepreneurs and the management team to accelerate the achievement of targets and rework any execution issues.
Other than the above experience from origination, business building, exit, turnaround, and rescue, the INTRASYS’s team has managed a total collective funds of above RM500 million. These funds were technology focussed start-up investments (Mayban Venture Capital Company Sdn Bhd) and pre-IPO and Opportunistic investments (proprietary funds at Mayban Ventures Sdn. Bhd. and managed funds, Picarda Holdings Sdn. Bhd.). The team had also committed funds to support the Maybank Group’s infrastructure lending by way of co-investment with institutional investors based on funding structures crafted by the team. The team’s corporate finance and planning skills are often augmented with inputs from industry experts who sit on the selection committee, the investment committee, and the board of the funds.
