Most public key cryptosystems have been constructed based on abelian groups up to now. We propose a new public key cryptosystem built on finite non abelian groups in this paper. It is convertible to a scheme in which the encryption and decryption are much faster than other well-known public key cryptosystems, even without no message expansion. Furthermore a signature scheme can be easily derived from it, while it is difficult to find a signature scheme using a non abelian group.