Victory Jewellery and Goldsmith Sdn Bhd was incorporated on 3rd October 1990 for the purpose of manufacturing  and retailing of gold ornaments. The idea of expanding downstream in the manufacture of jewellery was mooted by the fact that the country was in dire need of proper waste management particularly in the field of waste recycling and recovery. For the purpose of such activities, the Company's name was hence changed to Victory Recovery Sdn Bhd on 22nd June 2000 and subsequently to Victory Recovery Resources Sdn Bhd (VRRSB) on 2011 as it is known today.