Our History



Established as a limited company under the name Tanayong Company Limited (Tanayong) to operate in the field of Property Development.


Launched its first Property Development project at ‘Thana City’, an integrated mixed-use ‘satellite city’ development locate near Bangkok’s Suvarnabhumi Airport.



Tanayong was listed on the Stock Exchange of Thailand (SET) under the Property Development sub-index.


Tanayong established a wholly-owned subsidiary, Bangkok Transit System Corporate Ltd. (BTSC), to sign the concession contract with the Bangkok Metropolitan Administration (BMA) to design, build and operate Bangkok’s first mass transit system.


Tanayong registered for conversion into a public company under the name Tanayong Public Company.


Asian financial crisis hit the region, Tanayong and BTSC suffered under the weight of dollar-denominated debt as the Thai Bath depreciate against the US Dollar by more than 130% in less than 6 months.



Commercial operation of the first BTS SkyTrain commenced from Mo Chit to On Nut and National Stadium to Saphan Taksin, totaling of 23.5km.


Tanayong successfully exited from the business rehabilitation procedures and its shares resumed trading on the SET on 28 December 2006.


BTSC entered a court supervised business rehabilitation procedure, during which Tanayong’s shareholding in BTSC got diluted to less than 1%. BTSC successfully exited business rehabilitation in 2008.



Commencement of operations of Silom Line extension (Saphan Taksin-Wongwian Yai) by BTSC under the Operation and Maintenance Services (O&M) Contract.


BTSC issues THB 12,000mn of senior unsecured debentures to domestic retail investors to refinance existing debt.


BTSC expanded into the Media business through the 100% acquisition of VGI.



The Company acquired 94.6% of BTSC, returning Mass Transit to be the primary business of the Company. The acquisition was financed 51.6% (THB 20,655.7mn) by cash and 48.4% (THB 19,378.8mn) by new equity issuance. The Company also changed its name to BTS Group Holdings Public Company Limited and was re-categorised under the Transportation sub-index of SET.

BTSC began operation and maintenance of Bangkok’s inaugural Bus Rapid Transit (BRT) system under the Bus Operation Agreement Contract and Station Management Agreement.


The Company successfully completed a rights offering to existing shareholders and private placement in order to raise funds to repay the BTSC acquisition loan.



The Company issued and offered THB 10,000mn of THB denominated, USD settled convertible bonds outside Thailand, the proceeds of which were used to fully repay the BTSC acquisition loan.


Commencement of operation of Sukhumvit line extension (On Nut-Bearing) by BTSC under the O&M Contract.



BTSC sign a 30-year operating & maintenance (O&M) contract covering Green Line extensions (Saphan Taksin-Wongwian Yai-Bang Wa and On Nut-Bearing) under the purview of the Bangkok Metropolitan Administration (BMA) from 2012 to 2042. This O&M contract also covers the core network post concession expiration on 4 December 2029 to 2 May 2042.


VGI Public Company Limited, a subsidiary of the Company, was successfully listed on the Thai Stock Exchange under the ticker symbol “VGI”.



BTSC and the BMA commenced trial operations of the Silom Line extension from Wongwian Yai (S8) to Pho Nimit (S9) and Talat Phlu (S10) in January and February 2013, respectively.


BTSC concluded the sale of the future Net Farebox Revenue from the Core BTS SkyTrain network to BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF). BTSC remains the operator and concessionaire of the Core BTS SkyTrain and the Group maintains a significant investment in the Core BTS SkyTrain network via a 33.3% holding of investment units of BTSGIF (the largest permitted holding under the Thai SEC regulations).


BTSC and the BMA commenced full operations of the Silom line extension from Wongwian Yai (S8) to Bang Wa (S12) on 5 December 2013.



BTS Group and Sansiri Public Company Limited (SIRI) entered into the Strategic Alliance Framework Agreement to exclusively partner together on the development of residential projects for sale located within 500m of all rail mass transit stations.



Announcement of the reorganisation of the corporate structure (effective 1 April 2015) by adding an Advisory Board, as well as new positions of Chief Executive Officer (“CEO”) and Deputy Chief Executive Officer (“Deputy CEO”) to its organisational structure. The Board of Directors passed the resolution to appoint Mr. Kavin Kanjanapas and Mr. Kong Chi Keung, both existing Executive Directors, to the CEO and Deputy CEO positions, respectively.


A disposal of all ordinary shares in two subsidiaries, “BTSA”, the owner of Eastin Grand Hotel Sathorn Bangkok and land plots at Phaholyothin Road and “Kamkoong”, the owner of land plots at Phayathai Road to U City Public Company Limited (U City) in exchange for 35.64% of the newly issued ordinary shares and warrants of U City.



BTSC issued THB 22bn of senior unsecured debentures. The proceeds are mainly used to procure new trains and fund electrical and mechanical systems (E&M) for the Southern (Bearing-Samutprakarn) and Northern Green Line (Mo Chit-Khu Khot) extensions.



BTSC has the operating & maintenance (O&M) contract conclusion with Krungthep Thanakom Co., Ltd. (KT); a wholly owned subsidiary of the BMA. The contract covers 30.8km of Green Line Northern and Southern extensions (Mo Chit – Saphan Mai – Khu Khot and Bearing – Samut Prakarn).


Northern Bangkok Monorail Co., Ltd. and Eastern Bangkok Monorail Co., Ltd. (our subsidiaries jointly held between the Company with 75%, Sino-Thai Engineering & Construction PCL (STEC) with 15% and Ratchaburi Electricity Generating Holding PCL (RATCH) with 10%) have entered into concession contracts with the Mass Rapid Transit Authority of Thailand (MRTA), for the Pink Line (Khae Rai to Min Buri; 34.5km, 30 stations) and Yellow Line (Lad Prao to Samrong; 30.4km, 23 stations), totaling 64.9km.



BTS Group completed the entire business transfer of Unicorn Enterprise Company Limited, a former wholly-owned subsidiary of the Company, to U City. Henceforth, U City will become the dedicated property development vehicle for BTS Group.


BTSC and KT entered into a 30-year O&M Services Agreement of the Gold Line Phase 1 (Krung Thonburi BTS Station to Khlong San District Office; 1.8km, 3 stations).


The full opening of the entire Southern Green Line Extension (Bearing to Kheka), totalling 12.6km, on 6 December 2018.



BBS Joint Venture, a Joint Venture between Bangkok Airways PCL, the Company and STEC with share proportion of 45%, 35% and 20%, respectively, entered into the Public-Private Partnership Agreement for the U-Tapao International Airport Project with the Eastern Economic Corridor Office of Thailand (EECO).