LAB SYSTEM INDUSTRIES PLT (LLP0025299-LGN), LSI PLT formerly known as First Lab Furniture Sdn Bhd (1278982-U / 201801016966) was initially involved in the manufacture of metal furniture with a primary focus designing, creating, delivering and installing for laboratory use in science and research institutions, pharmacies and hospitals, colleges and universities, chemical and pharmaceutical industries as well as research laboratories for all types of business sectors. Therefore, brand FIRSTLAB® was created to expand the business of laboratory furniture.
Business strategies that focus on providing high quality products at affordable prices have brought the LSI one step further with expand the other brand NBSHEET™ through LSI PLT. NBSHEET™ provides the compliance and reliable services related to financial reporting, taxation, audit and business document preparation services to customers.
The high demand every year in tax matters has inspired to company for develop the new system that customers can manage their tax matters, MyTAXO®. MyTAXO® is the latest LSI product for year 2020, which is customers can check their tax position anytime, anywhere and with any devices.
Currently, during the pandemic COVID 19, the company start expanded the business into the manufacture in chemical product through Blissful Scents™ which was focuses on home, fabric and car care products.
Moving Forward 2022
Lab System Industries PLT changed its name from First Lab Ventures PLT on the 3rd May 2021 to reflect a change in market focus where the company is now committed to the technology industries 4.0. Lab System was established in 2018 as a metal furniture trading business. In December 2019, it redirected its focus on the technology business industry 4.0 and started develop its first taxation system, MyTAXO®.
Our focus is to provide a Cloud Computing Total Integration Solution for Tax, with the unique value proposition to integrate the Modules of Tax, bookkeeping and tax report which is the first-in-kind in Malaysia. We envision ourselves to be the leading brand in Malaysia, contributing our best effort in assisting government expediting the national tax collection through our flagship products, MyTAXO®.
Lab System is now moving towards to e-Commerce of financial product. As the Micro’s Company, we develop the solutions that save the business owners’ hours every day, by simplifying their account and tax preparation in a more effective way.
We are planning and seeking potential development and collaboration with government agencies that have list of registered entrepreneurship to engage and educate them to use this system/ app.
Looking to the future, Lab System intends to remain committed to its global growth through rewarding partnerships with its business associates, while it continues to be vitally engaged with the communities it is a part of. Our objective, the MyTAXO® apps is going to be the top 1 mobile apps income tax system in Malaysia!!
Registration with UPEN
Registration with SME CORP
Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
Bank Pertanian Malaysia Berhad (Agrobank)
61, Jalan Saujana 3/1, Taman Desa Saujana, 43000 Kajang, Selangor
31A, Jalan BB 1/4, Taman Banting Baru, 42700 Banting, Selangor
To be the leading Bumiputera companies in providing high quality service and ergonomic product in Malaysia for entrepreneurs by 2025
To continuously offer high quality product and service for customers through professional service with utmost integrity
To continuously build customer loyalty with efficient after sales service