Kumpulan Perangsang Selangor Berhad (KPS) was incorporated on 11 August 1975 as a holding company, with an authorised capital of RM75 million to help the Selangor State Government achieve the objectives of the New Economic Policy.
KPS?s principal activities were undertaken through its subsidiaries and associated companies with initial activities centered in the tin mining, property and hotel sectors. During the initial period of operations, KPS established a significant presence in the tin mining and property sectors.
Within a decade, KPS had grown into a conglomerate of active companies with diverse operations including manufacturing, property development, tin mining, trading, hotel and recreation management. The next decade that coincided with a depressed economy in 1984-1987 saw the KPS Group diversify into new business areas to reduce its over-dependence on the mining and property sectors, which were adversely affected by the economic recession. KPS subsequently withdrew from the tin mining sector in 1992.