Established in 1998 to help Myanmar implement large-scale projects aimed at accelerating growth and fast-tracking national development, the UMG group of companies pursues excellence across its numerous business lines. A diversified conglomerate with its head office in Yangon, UMG is active in nine sectors: financial services, education, healthcare, logistics, food, entertainment, property and infrastructure development, mining, and telecommunications and IT.
The company has become a depository of expertise and experience. Thanks to its stellar reputation, UMG attracts the brightest graduates from Myanmar’s universities who seek to embark not only on a promising career, but also to gain access to corporate knowledge. As such, UMG is also recognised as a fertile breeding ground of successful managers and entrepreneurs. UMG dedicates considerable resources to continuous skills development.
Growing from a start-up with six people selling generators, UMG managed to attain critical corporate mass in under a decade with an unequalled growth trajectory. The company is now recognised as one of Myanmar’s top companies and employs well over 2,500 people.
The CFI.co judging panel commends UMG on its achievements and agrees that investing in people – either employees or other stakeholders via corporate social responsibility initiatives – is an essential part of any corporate success formula. The company helps shape the Myanmar brand which is set to become the latest addition to a string of South East Asian success stories.
The judges are pleased to offer UMG the 2017 Outstanding Contribution to Socio-Economic Development Myanmar Award.