Miss Grand International (MGI PCL) is a Thai

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

founded in 2013 by

Nawat Itsaragrisil Nawat Itsaragrisil ( th, ณวัฒน์ อิสรไกรศีล) is a Thai media personality and businessperson, best known as the president of Miss Grand International organization. Nawat first became known for travel TV shows, first ...

, headquartered in

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

. It comprises numerous businesses in various industries of advertisement,

cosmetics Cosmetics are constituted mixtures of chemical compounds derived from either natural sources, or synthetically created ones. Cosmetics have various purposes. Those designed for personal care and skin care can be used to cleanse or protect ...

, entertainment, events, health products, processed food, and

talent management Talent management (TM) refers to the anticipation of required human capital for an organization and the planning to meet those needs. The field has been growing in significance and gaining interest among practitioners as well as in the scholarl ...

. Initially, it was only responsible for the management of the

Miss Grand Thailand Miss Grand Thailand ('' th, มิสแกรนด์ไทยแลนด์'') is a Thai beauty pageant that has been held annually since 2013 to select who represent Thailand at Miss Grand International. The pageant has been owned by Nawa ...

and

Miss Grand International Miss Grand International is a beauty pageant franchise based in Thailand. It consists of the annual national pageant Miss Grand Thailand, as well as the international competition Miss Grand International, to which participating rights are licen ...

pageants but was later expanded and diversified into other business sectors in the late 2010s.

History

The company was established as a

limited company In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by ...

on November 6, 2013, with an

authorized capital The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its con ...

of one million Bath, and is chaired by

, a Thai television host and producer who had previously served as producer of

Miss Thailand World Miss Thailand World is a national pageant in which the winners compete in the Miss World, one of the Big Four major international beauty pageants. The reigning Miss Thailand World is Narintorn Chadapattarawalrachoat of Pathum Thani. She repres ...

for

BEC-Tero Tero Entertainment Public Co. Ltd., formerly known as BEC-Tero, is a mass media and entertainment company in Thailand. It organizes and promotes concerts, owns record labels and produces films and television shows. BEC-Tero was formed on March 27, ...

. After ending his role with BEC-Tero, Nawat signed a

business partner A business partner is a commercial entity with which another commercial entity has some form of alliance. This relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties. Alternatively, it may be ...

ship with

Channel 7 Channel 7 or TV7 may refer to: Television networks, channels and stations ;Algeria *TV7 (Algerian TV channel) ; Argentina *Channel 7 (Argentina), a government-owned Argentine TV station * Channel 7 – Bahía Blanca, an Argentine TV station in Bue ...

and subsequently established his national pageant,

, in mid-2013 and the newly established international pageant,

, which was managed by the Miss Grand International

Co., Ltd. In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by ...

. Alongside its flagship

beauty pageant A beauty pageant is a competition that has traditionally focused on judging and ranking the physical attributes of the contestants. Pageants have now evolved to include inner beauty, with criteria covering judging of personality, intelligence, ...

, the company eventually expanded and diversified into the

food-processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex indu ...

and

industries in 2018 as well as the

sector in 2019, which led the company to increase its

to 50 and 75 million Baht in 2020 and 2022, respectively. The MGI Co., Ltd. was transformed into a

public limited company A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and the Republic of Ireland. It is a limited liability company ...

with a registered capital of 105 million

Baht The baht (; th, บาท, ; currency sign, sign: ฿; ISO 4217, code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. Society for Worldw ...

on June 15, 2022, and was listed on the

Market for Alternative Investment The Market for Alternative Investment (''MAI'' or ''mai'') is a stock exchange of Thailand which was established by the Stock Exchange of Thailand (SET) in 1998 under the Securities Exchange of Thailand Act as an alternative stock market for small ...

(MAI) on December 14, 2023. In the corporation with Karmarts, its

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

, KMGI

, was established in February 2023 to be responsible for the

section specifically.

Products and services

Miss Grand International PCL and its subsidiary is summarized as the 5 core businesses as follows;

Major shareholders

Initially, the company CEO

together with the deputy Ratchaphol Chantaratim held a 99.99 percent stake, but that was decreased to 71.42 percent after an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

(IPO) in late 2023.

References

External links

* Companies based in Bangkok Companies listed on the Stock Exchange of Thailand Thai companies established in 2013 {{company-stub