Thitikorn Pcl (Thailand)

Thitikorn Pcl, located in Bangkok, Thailand, was established on August 4, 1972 by Dr. Chumpol Phornprapha and Mrs. Anothai Phornprapha. The company started as a hire-purchase service provider for automobiles and motorcycles. Initially, Thitikorn focused on motorcycle hire-purchase business for customers in Bangkok and the surrounding areas. In 1995, the company expanded its operations to the eastern part of Thailand by acquiring a majority stake in C.V.A. Co., Ltd, a motorcycle hire-purchase credit provider. In 2003, Thitikorn acquired another majority stake in Chayapak Co., Ltd. to expand into the automobile hire-purchase business in Bangkok and the surrounding areas. Thitikorn Plc. and its subsidiaries have restructured their business functions to streamline operations. C.V.A. Co., Ltd. now focuses solely on debt collection, while Thitikorn Plc. operates the motorcycle hire-purchase business nationwide. The company has expanded its network coverage from 27 branches in 2001 to 78 branches in 2011, covering 45 provinces in every region of Thailand. Thitikorn Public Company Limited is primarily engaged in the business of leasing cars and motorcycles. The company and its subsidiaries offer vehicle hire-purchase services and related services. Their products include motorcycle hire purchase, loan and pledge registration, micro-loans for occupation, and non-life insurance brokerage services. Thitikorn serves general retail customers in Thailand and also provides personal and other loans, nano finance/microfinance services, and vehicle modification services. The company's subsidiaries include C. V. A. Co., Ltd., Chayapak Co., Ltd., TK Ngern Tan Jai Co., Ltd., TK Broker Co., Ltd., Sabaidee Leasing Co., Ltd., Suosdey Finance PLC., and Mingalaba Thitikorn Microfinance Co., Ltd.