The idea of setting up an educational centre was mooted by four pioneers namely Mr. Lee Mau Chai – a professional accountant, Mr. Tan Ai Chew – a teacher, Mr. Lim Chiang Kai – an accounts officer and Mr. Khor Sin Hwa – a graduate teacher.
The four friends had keen interest in providing education, and they had the experience in teaching and concept of private education, so they pulled together their resources and set up a private education centre providing solely accountancy subjects.
In year 1981 an educational institution called Institute Professional was established to cater for the training of such personnel.
The name Institute Professional was changed to Institut Profesional in line with the government’s language policy.
The word Professional was picked because accountancy is a professional entity, the subjects taught would be examined by professional bodies such as LCCI, ACCA and CIMA (U.K.). Professional also differentiates it from academic, specialization from the general. Institute was used instead of college because a college must have the facility of a hostel, as defined by the then education ministry.