Manforce Group
Manforce Group Berhad is a publicly listed Malaysian workforce management company providing end-to-end foreign and local worker recruitment, outsourcing, payroll, and compliance services to enterprise and mid-market clients across 30+ industries in Peninsular Malaysia.
- Company typePublic
- Founded2004
- HeadquartersPetaling Jaya, Malaysia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Manforce Group does
Manforce Group Berhad is a Malaysian public-listed workforce management company headquartered in Petaling Jaya, Selangor, that provides end-to-end foreign and local worker recruitment, management, and outsourcing services to enterprise and mid-market clients across Peninsular Malaysia. Founded in 2004 by Dato' Wong Boon Ming, the company currently manages an average workforce of approximately 6,761 workers deployed across more than 30 industries including manufacturing, construction, retail, food & beverage, services, healthcare, and glove and electronics production. It is recognised as the first and only publicly listed company in Malaysia's foreign worker management industry, having transferred from the LEAP Market to the ACE Market of Bursa Malaysia on 6 May 2026 under stock code 0450 (MFGROUP).
The company's core service offerings span foreign worker recruitment and management — covering permit processing, Act 446-compliant hostel accommodation, transportation, payroll administration, welfare, FOMEMA medical examinations, and compliance monitoring — alongside local recruitment through its Malaysians Development Uplift Programme (MDUP) targeting B40 youth, and commercial cleaning and sanitising services. These services are supported by the proprietary Manforce Tracking System (MTS) digital payroll platform and a cloud-based healthcare management system that provide clients with worker profile, attendance, performance, and health-condition visibility. Manforce serves an enterprise roster including First Solar Malaysia, George Kent, Supermax, Comfort Rubber Gloves, KESM Industries, Globetronics, AEON, Watsons, Village Grocer, Sunway Medical Centre, Nestle Manufacturing, and Kuala Lumpur Golf & Country Club, with several relationships exceeding 15 years.
The business model operates on multi-year managed-service contracts with fees structured across three package tiers — Full Package, Customisable Package, and Basic Recruitment — with pricing negotiated per engagement rather than publicly disclosed. Go-to-market relies on direct enterprise sales engagement with HR and operations decision-makers, supplemented by Federation of Malaysian Manufacturers (FMM) seminar presence, PERKESO co-marketing, and an inbound website inquiry channel. The May 2026 IPO raised RM30.40 million in gross proceeds through issuance of 79.99 million new shares at RM0.38 per share, implying an enlarged share capital of 399.98 million shares and post-money valuation of approximately RM152 million; proceeds are allocated RM14.74 million for business expansion via new recruitment quotas, RM4.64 million for IT and operational systems, RM6.32 million for working capital, and RM4.70 million for listing expenses.
Manforce Group firmographics
Firmographics- Name
- Manforce Group
- Legal name
- Manforce Group Berhad
- Website
- https://manforce.net
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Manforce Group Berhad is a publicly listed Malaysian workforce management company providing end-to-end foreign and local worker recruitment, outsourcing, payroll, and compliance services to enterprise and mid-market clients across 30+ industries in Peninsular Malaysia.
- Ownership category
- akta.pro rank
Manforce Group industry classification
Industry- Product category
- Workforce Management and Manpower Outsourcing Services
- SIC
- Services-Employment Agencies (7361)
- akta.pro primary industry
- Maintenance, Repair & Operations (MRO) / Industrial Maintenance Staffing (BPACAEAH)
Keywords
Where Manforce Group is headquartered
LocationHeadquarters
- HQ city
- Petaling Jaya
- HQ country
- Malaysia
- HQ region
- Asia
Offices6 records
Markets served
Manforce Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Foreign Worker Recruitment and Management Services: Full-service foreign worker management covering recruitment, onboarding, training, permit processing, hostel accommodation, transportation, payroll, welfare, and compliance. Revenue is generated through managed service fees charged to client companies for end-to-end workforce solutions. Multiple service tiers are offered: Full Package (all services), Customisable Package, and Basic Recruitment (workers only).
- Cleaning and Sanitising Services: Commercial cleaning, high-rise facade and glass cleaning, building maintenance, and sanitation services provided to corporate clients across retail, F&B, hospitality, and other facilities. Revenue is earned through service contracts with commercial property owners, retailers, and event venues.
- Local Worker Recruitment and Placement: Placement of locally trained Malaysian workers (via the MDUP programme) into client companies, generating fees for matching and placement services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Full Package - All-inclusive foreign worker management |
| Other | Multi-year contract | Customisable Package - Tailored to specific client requirements |
| Unit Pricing | Multi-year contract | Basic Recruitment - Workers only without additional services |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Manforce Group product offering
Product offeringCore offering
Manforce Group Berhad provides end-to-end foreign and local worker recruitment and management services to Malaysian businesses across manufacturing, construction, services, retail, F&B, healthcare, and other sectors. Its offerings span recruitment, onboarding, permit processing, hostel accommodation, transportation, payroll, welfare, FOMEMA medical screening, and regulatory compliance under Full, Customisable, and Basic package tiers, complemented by commercial cleaning and sanitising services.
Product overview
Manforce Group Berhad operates as a one-stop comprehensive workforce management platform providing integrated foreign and local worker recruitment and management solutions. The core offerings include Foreign Worker Recruitment and Management, Local Recruitment (MDUP programme), and Cleaning and Sanitising Services. These are supported by the Manforce Tracking System (MTS) - a digital payroll management platform, and a cloud-based healthcare management platform. The service architecture offers three package tiers: Full Package (all services), Customisable Package, and Basic Recruitment. The company is the first and only publicly listed workforce solutions provider in Malaysia's foreign worker management industry, serving clients across manufacturing, construction, services, retail, and other sectors.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Improved productivity and smoother operations for clients
- +1 more outcomes
Companies that use Manforce Group
Customer profileNamed customers20 records
Segments6 records
Ideal customer profiles4 records
Manforce Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Manforce Group partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered minor and core.
- Pertubuhan Keselamatan Sosial (PERKESO)minorManforce Group co-organised a FMM seminar with PERKESO (Social Security Organisation) in November 2024 on 'Strategic Solutions in Foreign Workforce Recruitment and Management', focusing on PERKESO's role in foreign worker social security coverage.
- Selangor Youth Community (SAY)coreManforce Group signed an MoU with Selangor Youth Community (SAY) to become its Main Employment Partner. SAY's Team Programme (in collaboration with Prince Trust International) identifies and refers young Malaysian candidates to Manforce for employment placement with clients. This is a core partnership supporting Manforce's local workforce strategy and MDUP initiative.
- Tricor Investor & Issuing House Services Sdn BhdcoreTricor serves as Share Registrar and Issuing House for Manforce Group's listed shares on Bursa Malaysia, managing share registration, investor communications, and corporate actions.
- TGS TW PLTcoreTGS TW PLT serves as Auditors and Reporting Accountants for Manforce Group Berhad, providing statutory audit services and financial reporting expertise. Person-in-charge: Quek Keng Yee (CA, Malaysian Institute of Accountants).
- Phang Tham Teoh & CocorePhang Tham Teoh & Co serves as Legal Adviser to Manforce Group Berhad, providing legal counsel for corporate and regulatory matters.
- Protégé Associates Sdn BhdcoreProtégé Associates Sdn Bhd served as Independent Market Researcher for Manforce Group's IPO, providing market research and independent analysis supporting the prospectus.
- Prince Trust InternationalcorePrince Trust International, a UK-based organisation founded by Prince Charles, collaborates with SAY's Team Programme. Manforce Group serves as the main employment partner, guaranteeing job placement to programme graduates upon completion of the nine-week training.
- UTMSPACE / UNIMAScoreManforce Group partners with Universiti Teknologi Malaysia's UTMSPACE and Universiti Malaysia Sarawak (UNIMAS) to provide professional certification for MDUP programme graduates. Trainees receive certificates from these universities upon programme completion.
- INSAN Development AcademycoreINSAN works with local authorities to identify B40 group candidates for Manforce's MDUP programme. INSAN handles candidate sourcing and recruitment for the training programme, complementing Manforce's placement services.
- Federation of Malaysian Manufacturers (FMM)coreManforce Group has an ongoing strategic relationship with FMM, co-organising seminars on foreign workforce management. FMM seminars serve as lead generation platforms where Manforce presents workforce solutions to FMM member companies across Malaysian manufacturing and services sectors.
- Hope Worldwide MalaysiaminorManforce Group partnered with Hope Worldwide Malaysia for CSR activities including a blood donation campaign at IPC Shopping Centre and a Vertical Compost Tower community event, building goodwill and community engagement.
- Tzu ChiminorManforce Group visited Tzu Chi's Kayu Ara Recycling Center for an environmental education and CSR activity, promoting sustainable practices and community engagement.
- Pertiwi Soup KitchenminorManforce Group partnered with Pertiwi Soup Kitchen for food distribution to homeless individuals, providing meals and supporting healthcare outreach for underprivileged communities.
- Lions Club of Mid Valley Kuala LumpurminorManforce Group was a platinum sponsor (RM 30,000) of the Lions Club of Mid Valley Kuala Lumpur's 'Step of Hope' charity run, supporting fundraising for underprivileged groups and Lions Club foundations.
- The Lovely Disabled HomeminorManforce Group co-sponsored the 'Run For A Chance' charity event with The Lovely Disabled Home, supporting people with disabilities and their participation in a 3km run in Johor Bahru and Kepong, Kuala Lumpur.
- Immigration Department of MalaysiacoreThe Immigration Department of Malaysia is a key regulatory partner for Manforce Group's operations, handling work permits, VDR processing, and foreign worker quota approvals that are central to Manforce's service delivery.
- FOMEMAcoreFOMEMA (Foreign Worker Medical Examination Screening) is Manforce Group's key partner for mandatory medical examinations of foreign workers. Manforce Group coordinates FOMEMA screenings for all managed workers and assists clients with the appeal process.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Manforce Group competitors and assessment
Company assessmentBroad incumbents
- Adecco Group AG: Global staffing and HR services company with Malaysian operations. Overlaps with Manforce in general workforce solutions but does not specialise in foreign-worker compliance managed services.
- ManpowerGroup Inc. Global staffing leader with Malaysian operations offering temporary staffing, permanent placement, and workforce solutions. Broader portfolio but directly competes in the same enterprise staffing category.
- Recruit Holdings Co., Ltd. Japan-based global HR services holding company (owner of Indeed, Glassdoor, RGF Staffing). Provides the broader capital-markets and strategic comparable for a publicly listed staffing business.
- Persolkelly (PERSOL × Kelly Services): Asia-Pacific joint venture combining Kelly Services' global staffing infrastructure with PERSOL's regional strength. Competes in Malaysia across staffing and recruitment, including entry-level and blue-collar categories.
Emerging players
- Robert Walters plc: UK-listed professional recruitment firm with a Malaysian office. Comparable as a publicly traded recruitment peer, though positioned in professional hiring rather than managed foreign-worker services.
- PageGroup plc: Global professional recruitment firm with Malaysian operations (Michael Page, Page Personnel). Adjacent in staffing but focused on mid-to-senior professional hiring rather than blue-collar foreign-worker management.
Direct peers
- HRnetGroup Limited: Singapore-listed regional staffing and recruitment firm with significant Malaysia operations. Comparable Asia-listed staffing peer with similar multi-country Southeast Asian footprint and enterprise client base.
- EPS Ventures Berhad: Malaysian ACE Market-listed company providing staffing, workforce solutions, and recruitment services. Most directly comparable listed domestic peer in HR/staffing with similar geographic and regulatory exposure.
- TopSource Worldwide Sdn Bhd: Malaysia-headquartered managed-services provider specialising in foreign worker recruitment, payroll, hostel, and compliance management. Closest direct competitor in Manforce's exact niche of end-to-end foreign workforce management.
Others
- SEEK Limited (JobStreet): Australia-listed online employment marketplace group; owns JobStreet, a leading recruitment platform across Malaysia and Southeast Asia. Adjacent ecosystem participant rather than a direct managed-services competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Manforce Group social profiles
Digital presenceManforce Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Manforce Group leadership team
Management profileNumber of profiles
Profiles7 records
Manforce Group subsidiaries and ownership
Company hierarchySubsidiaries1 record
Manforce Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Manforce Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Manforce Group
What does Manforce Group do?
Manforce Group Berhad provides end-to-end foreign and local worker recruitment and management services to Malaysian businesses across manufacturing, construction, services, retail, F&B, healthcare, and other sectors. Its offerings span recruitment, onboarding, permit processing, hostel accommodation, transportation, payroll, welfare, FOMEMA medical screening, and regulatory compliance under Full, Customisable, and Basic package tiers, complemented by commercial cleaning and sanitising services.
Is Manforce Group a public or private company?
Manforce Group is a public company. It is classified as public and is currently operating.
When was Manforce Group founded?
Manforce Group was founded in 2004. It employs 101 to 250 people.
Where is Manforce Group based?
Manforce Group is headquartered in Petaling Jaya, Malaysia, in the Asia region.
How does Manforce Group make money?
Three revenue lines are on record. Foreign Worker Recruitment and Management Services are the primary driver. The others are cleaning and Sanitising Services and local Worker Recruitment and Placement.
Who are Manforce Group's main competitors?
Broad incumbents on record are Adecco Group AG, ManpowerGroup Inc., Recruit Holdings Co., Ltd. and Persolkelly (PERSOL × Kelly Services). Emerging players are Robert Walters plc and PageGroup plc. Direct peers are HRnetGroup Limited, EPS Ventures Berhad and TopSource Worldwide Sdn Bhd. SEEK Limited (JobStreet) is listed as an others.
Does Manforce Group have an API?
No public API is recorded for Manforce Group.
What industry is Manforce Group in?
Manforce Group's product category is Workforce Management and Manpower Outsourcing Services. Its primary akta.pro industry code is BPACAEAH, Maintenance, Repair & Operations (MRO) / Industrial Maintenance Staffing. Its SIC code is 7361.