Thitikorn Public Company Limited

Thitikorn Plc. was established on August 4, 1972 by Dr. Chumpol Phornprapha and Mrs. Anothai Phornprapha as a hire-purchase service provider for automobile and motorcycle.

In the early stage, Thitikorn focused in motorcycle hire-purchase business for customer in Bangkok and vicinity area. In 1995, Thitikorn expanded its operation to the eastern part of Thailand by acquiring 99.99 % stake in C.V.A. Co., Ltd, a motorcycle hire-purchase credit provider. In 2003, Thitikorn acquired 99.99% stake in Chayapak Co., Ltd. to expand into automobile hire-purchase business in Bangkok and vicinity area.

In an effort to streamline business operations, Thitikorn Plc. and its subsidiaries have restructured the group business functions. Since middle of 2004, C.V.A. Co., Ltd. has ceased its motorcycle hire-purchase function and focused solely on debt collection while motorcycle hire-purchase business nationwide has been operated by Thitikorn Plc. The Company continues to expand its network coverage from 27 branches in 2001 to 78 branches in 2011 covering 45 provinces in every region of Thailand.

Evolution TK

1972

• TK was established with 1 million baht registered capital to provide motorcycle & automobile Hire-Purchase

1995

• Acquired 99.99% of CVA and expand its coverage area in Central & Eastern parts of Thailand

2000

• Initiated “Motorcycle Insurance Program” which later becomes the standard practice for motorcycle Hire-Purchase business

2002

• Received award on consumer rights protection on HP contract from the Office of the Consumer Protection Board

2003

• Acquired 99.99% of Chayapak to expand into automobile Hire-Purchase business
• Increased registered and paid-up capital to 500 million baht and Listed on the Stock Exchange of Thailand (SET)

2008

• Thitikorn is proud to be 1 of 74 companies to score above 100 points from 486 listed companies on the Set to AGM Assessment Project

2009

• 4 Stars Coporate Governance Scoring appraised by Thai Institude of Directors Association (IOD)

2011

• Acquired 99.99% of Cetelem Thailand Co., Ltd and changed the name to TK Debt Services Co.,Ltd.
• Thitikorn is proud to be 1 of 64 companies to score 100 points from 416 listed companies on the Set to AGM Assessment Project (for five conservative years)

2012

• Celebrate 40th years Aniversary
• TK is one of the 17 listed companies to received an “Investors Choice Award” from Thai Investors Association (TIA)

2014

• TK is one of the 13 listed companies to received an “Investors Choice Award” from Thai Investors Association (TIA)
• First oversea operation in Cambodia, “Suosdey Finance PLC”
• Second oversea operation in Laos, “Sabaidee Leasing Co., Ltd.”

2015

• TRIS Rating assigned the company rating of TK at “A-” (Stable)
• Established TK Ngern Tan Jai with 50 MB registered capital to provide Nano Finance

2016

• TK is one of the 12 listed companies to received an “Investors Choice Award” from (for eight conservative years)
• TRIS Rating assigned the company rating of TK at “A-” (Stable)
• Expand two branches in Battambang and Siem Riep, Cambodia through Suosdey Finance

2017

• Celebrate 45th years Aniversary
• Expand three branches in Kampong Cham, Svay rieng and Kampong Speu, Cambodia through Suosdey Finance
• Establishing of a subsidiary “Mingalaba Thitikorn Microfinance Co., Ltd” in Myanmar.
• Under the process for disposal of the ordinary shares of subsidiary company “TK Debt Services Co.,Ltd.”

2018

• Extensive 92 branches covering 57 provinces in Thailand
• 4- Stars Coporate Governance Scoring appraised (for ten conservative years)
• Expand two branches in Luang Prabang , Savannakhet, Laos through Sabaidee Leasing Co., Ltd.