Jakel Group
The story begin in 1983 when the late Mohamed Jakel Bin Ahmad started his small retail business in Muar, Johor. The company is carrying JAKEL TRADING as a trademark to its textile business to win over customers. Started with a minimum capital investment of RM30,000, Mohamed Jakel later has expended the business to Segamat, where the empire started to break people eyes that Jakel is a dominant player in its category.
In 1992, to the additional capital investment of RM500,000, JAKEL TRADING expand its operations by venturing into semi-wholesaler as well as supplying textiles to the government agencies and private sectors. JAKEL TRADING continues to be a highly developed and respected textile company between 1992 and 1997.
However, in the end of 1997 till 1998, Malaysia has been hit by the economic downturn. At that point, it was certainly difficult for JAKEL TRADING to obtain supplies from Kuala Lumpur and Singapore. Thus, the stock cloth diminishing. However, the company was able to handle the crisis successfully. Datuk Hj. Faroz Mohamed Bin Mohamed Jakel, the eldest son of Mohamed Jakel who is now a Managing Director of Jakel Group of Companies, tried to get manufacturers during the crisis.
Due to lack of stocks in the market, JAKEL TRADING has taken a brave step by went directly to the manufacturers as well as importing the stocks straight from the overseas and sell it right to the wholesalers in Malaysia. In the beginning, the Korean exporters were reluctant to work with JAKEL TRADING as they are still bound to the Singapore exporters. Moreover, most of the importers could not extend their businesses as bank had dismiss their facilities. His failure at the first attempt was not an obstacle for him to keep on trying.
Seeing his determination, the manufacturers eventually agreed. Since then, the company has its own textile’s importers. Additionally, one of the finance institution, Oversea-Chinese Bank Corporation (OCBC) trusted JAKEL TRADING as this company shown their capabilities in managing the finance. OCBC did not hesitate to extend substantial among the facilities for this company to bring the products from the overseas and sell them in Malaysia.
In 1992, to the additional capital investment of RM500,000, JAKEL TRADING expand its operations by venturing into semi-wholesaler as well as supplying textiles to the government agencies and private sectors. JAKEL TRADING continues to be a highly developed and respected textile company between 1992 and 1997.
However, in the end of 1997 till 1998, Malaysia has been hit by the economic downturn. At that point, it was certainly difficult for JAKEL TRADING to obtain supplies from Kuala Lumpur and Singapore. Thus, the stock cloth diminishing. However, the company was able to handle the crisis successfully. Datuk Hj. Faroz Mohamed Bin Mohamed Jakel, the eldest son of Mohamed Jakel who is now a Managing Director of Jakel Group of Companies, tried to get manufacturers during the crisis.
Due to lack of stocks in the market, JAKEL TRADING has taken a brave step by went directly to the manufacturers as well as importing the stocks straight from the overseas and sell it right to the wholesalers in Malaysia. In the beginning, the Korean exporters were reluctant to work with JAKEL TRADING as they are still bound to the Singapore exporters. Moreover, most of the importers could not extend their businesses as bank had dismiss their facilities. His failure at the first attempt was not an obstacle for him to keep on trying.
Seeing his determination, the manufacturers eventually agreed. Since then, the company has its own textile’s importers. Additionally, one of the finance institution, Oversea-Chinese Bank Corporation (OCBC) trusted JAKEL TRADING as this company shown their capabilities in managing the finance. OCBC did not hesitate to extend substantial among the facilities for this company to bring the products from the overseas and sell them in Malaysia.