- Vynn Venture has spearheaded some of the biggest renovation and decorative projects ike Sunway Pinnacle Sdn Bhd, Best Western Premier Ion Delemen and UTM Hotel Kuala Lumpur.
- Chin Kean Ping met his co-founder, Yen Yen in 2014 who shared similar interest and views.
Mr. Chin Kean Ping would have never thought that he would be leading a team of experts in the renovation and decorative industry one day. The Managing Director of Vynn Venture Sdn Bhd brought with him more than 20 years of experience in setting up and managing an organization that provides renovation and decorative services in Malaysia.
Started in the industry 20 years ago, Kean Ping set-up Vynn Venture Sdn Bhd in 2014, which he co-founded with his business partner, Lee Yen Yen. Today, Vynn Venture Sdn Bhd is a well-established private limited company that specializes in renovation and decorative services in Malaysia. Under their leadership, Vynn Ventures Sdn Bhd has spearheaded some of the biggest renovation and decorative projects like Sunway Pinnacle Sdn Bhd, Best Western Premier Ion Delemen and UTM Hotel Kuala Lumpur.
WargaBiz had the opportunity to speak exclusively to Chin Kean Ping.
1. What inspired you to start Vynn Venture Sdn Bhd with Miss Lee Yen Yen?
I had always thought of starting my own company that specialized in renovation and decorative services. However, I had yet to find the right business partner whom I could work comfortably with. It was fate that I met Yen Yen, who shared similar interest and views in 2014. We spoke about our passion for the industry and how we could both venture into it. That led to the inception of Vynn Ventures Sdn Bhd.
2. You both came from different background. How do you both complement each other?
I have been in the renovation and decorative service industry for more than 20 years. I started at a very young age where it was very different. Having the experience and understanding of the industry is vital, especially when we pitch for big projects. I can foresee clients’ needs and wants. However, that isn’t enough as a business needs individual with different skills to succeed. This is where Yen Yen’s experience in project management and finance is important. Our chemistry is formed by our differences in experience and skills.
3. How has the industry changed over the years?
The industry has changed a lot. Competition has always been stiff. But today, it is a different level. When I first started, there were a few main players that had dominated the industry. But today, it is hard to dominate the industry as a lot of small players are also able to offer an equal quality to clients. Plus, the price range varies widely, which makes it hard to gauge the best price according to clients’ needs and wants. That is one area that has changed.
“I hope to see more young talents driving this industry. They play a very important role, especially in bringing new ideas and inspiration to the industry.”
Besides that, there are more companies that offer different types of material in the market. Some companies provide material from China and some provide material from Indonesia. Hence, we need to play the role as consultant and industry expert. We need to assess the feasibility of clients’ requests and we need to source the best material, based on their requests. This process used to be lots simpler. But today, it has become more tedious as we need to source for the best vendor and material from different parts of the world for clients.
4. Seeing that it has changed a lot, how does Vynn Ventures Sdn Bhd keep up to the demands?
We are the expert in this field. We understand clients’ needs and wants, and we have worked with clients from different industries. This gives us the advantage. We have worked with different partners and vendors. We can source the best and we can deliver efficiency to every project led by us.
5. What are the challenges that you have encountered, or you will encounter?
We have gone through a lot as a team. Each project puts us on a different learning curve, and we learn together as a team. Whether managing a small-scale project or a large-scale project, there are different kinds of challenges. From getting the right designers to meeting the project deadline, these are areas that we need to consider together. Our objective is to meet clients’ expectations and we want to deliver the best. Hence, understanding these challenges is indeed necessary.
6. What do you see Vynn Ventures Sdn Bhd in the next 5 years?
We started Vynn Ventures with the mission to provide superior service in turn-key renovation and decorative works with every detail completed to exceed our customers’ expectations. From conceptual design to completion of a projects, we have a wealth of skills and resources to make projects a success. We will continue to live by this mission, and I believe we will lead more significant projects.
“Each project puts us on a different learning curve, and we learn together as a team.”
7. What is currently lacking in the industry?
Having the right talents is the backbone for any industry. We are in an industry that is driven by talents who are familiar and experienced in renovation and decorative works. I hope to see more young talents driving this industry. They play a very important role, especially in bringing new ideas and inspiration to the industry. Vynn Ventures Sdn Bhd believes in giving opportunities to young talents and we hope to create a platform to cultivate these young people.
To learn more about Vynn Ventures Sdn Bhd, log on to www.vynn.com.my