1996

Triple i Maritime Agencies Company Limited (TMA) was incorporated on 3 July 1996 with a registered capital of Baht 2 million by Mr. Tipp Dalal and Mr. Viraj Nobnomtham to engage in cargo sale agent for shipping lines business, providing international sea freight management services.

In May 1998, TMA increased its capital by Baht 1 million to be used as its additional working capital. Its registered and paid-up capital was consequently Baht 3 million.

1999

The group of executives of Triple i Logistics (TLG) jointly invested with ECU Hold NV Co.,Ltd. and established a new company, ECU Line (Thailand) Company Limited, on 15 July 1999 with a registered capital of Baht 5 million to provide less than container load sea freight services in Thailand.

2004

Hazchem Logistics Management Company Limited (HLM) was incorporated on 29 March 2004 to engage in local logistics service business for customers who desire to transport chemical and hazardous goods, with a registered capital of Baht 4 million. Later in July 2004, it increased its capital by Baht 1 million to a registered and paid-up capital of Baht 5 million.

2007

Triple i Air Express Company Limited (TAX) was incorporated on 19 March 2007 with a registered capital of Baht 5 million to engage in international air freight services.

2008
  • Triple i Interfreight Company Limited (currently, Triple i Logistics Public Company Limited - TLG) was incorporated on 10 January 2008 to engage in international freight services and integrated logistics service business with a registered capital of Baht 1 million.
  • Triple i Logistics Group Company Limited (TLGG) was incorporated on 24 January 2008 to engage in logistics business with a registered capital of Baht 1 million.
  • Triple i Asia Cargo Company Limited (TAC) was incorporated on 7 May 2008 with a registered capital of Baht 5 million and issued and paid-up share capital of Bath 2.5 million to engage in cargo sale agent for airlines, providing international and domestic air freight in Asia.
  • TAC was appointed by Thai Air Asia Airlines to be a cargo general sales agent (Cargo GSA).
  • Later, Triple i Interfreight Company Limited (currently, Triple i Logistics Public Company Limited - TLG) increased its capital by Baht 4 million to Baht 5 million to be used as its working capital.
  • HLM received the Export Logistics Model Award (ELMA) 2008 for logistic management of international freight services from the Department of Trade Promotion, the Ministry of Commerce.
2009
  • TAX commenced its international and local mailing services for Thailand Post Company.
  • GSA Network Holding Company Limited ("GNH") was incorporated on 29 April 2009 with a registered capital of Baht 5 million to engage in international air freight business and to invest in company which is cargo sale agent for airlines, providing international air freight services overseas.
  • GNH jointly invested in 25% of shares in Excel Air (Guangzhou) Limited ("ECA-GZ") in the amount of USD 2,500, 20% of shares in Excel Air (Hong Kong) Limited ("ECA-HK") in the amount of HKD 200,000, and 20% of shares in Freight Work GSA (Hong Kong) Limited in the amount of HKD 100,000.
  • Asia Network International Company Limited (ANI) was incorporated on 11 June 2009 with a registered capital of Baht 1.25 million, consisting of 50,000 ordinary shares with a par value of Baht 25 per share, to engage in general sales agent for airlines business for international air freight. GNH and Asia Services Limited hold 57.0% and 40.0% of shares in Asia Network International Company Limited, respectively.
  • Later, GNH reduced its capital to Baht 1.25 million to maintain its shareholding, which was paid-up on 29 April 2009.
  • HLM received the Export Logistics Model Award (ELMA) 2009 in the logistics service management category for international freight services from the Department of Trade Promotion, the Ministry of Commerce.
  • TAX received Top Cargo Agent Award from Emirates SkyCargo.
2010
  • On 13 January 2010, the executives of the group company jointly invested with Singaporean investors and established DG Packaging (Thailand) Company Limited (DGP) to engage in the business of packaging and packaging services for hazardous goods used in air freight with an initially registered capital of Baht 1 million.
  • Triple i Container Depot Company Limited ("TCD") was incorporated on 2 September 2010 to engage in storage and container handling services with a registered capital of Baht 5 million.
  • In October 2010, GNH increased its capital Baht 1.25 million of its capital to a registered and paid-up capital of Baht 2.5 million.
  • The executives of the group company jointly invested with Mr. Shigemori Hatano, a Japanese investor, and established Triple i Kanazawa Logistics Company Limited ("TKL") (formerly, Thai Kanazawa Logistics Company Limited) on 18 November 2010 to engage in the business of international freight services with a registered capital of Baht 5 million.
  • TAX received Top Cargo Agent Award from Emirates SkyCargo.
  • TAC received 3 rd Place Airline of the Year Award 2010, in Thai Air Asia by BFS Cargo.
2011
  • Triple i Building Company Limited ("TLB") was incorporated on March 2011 to engage in the business of leasing out real estate with a registered capital of Baht 5 million.
  • GSA Cargo Network Company Limited ("GCN") was incorporated on 11 March 2011 to engage in the international air freight business with a registered capital of Baht 1 million.
  • The executives of the group company jointly invested with a Korean investor and established CK Line (Thailand) Company Limited (CKT). CKT was incorporated on 11 March 2011 with a registered capital of Baht 5 million to engage in cargo sale agent for shipping lines, providing international sea freight forwarding by CK Line shipping.
  • HLM received the Export Logistics Model Award (ELMA) 2011 in the logistics service management category for international freight services and Prime Minister Export Award 2011 from the Department of Trade Promotion, the Ministry of Commerce.
2012
  • In October 2012, HLM jointly invested with CWT Logistics Pte. Ltd. To set up CWT Chemical Logistics Co., Ltd (CWT) to engage in the business of hazardous and chemical goods transport services in Thailand with a registered capital of Baht 2.5 million.
  • ANI jointly invested with a Myanmar businessman and established GSA Asia Cargo Limited ("GSA-MM") in Myanmar on 2 November 2012 with a registered capital of 35.45 million Myanmar kyat. Later, GSAMM was appointed by LAN Chile Airlines to act as its airlines freight forwarder.
  • In December 2012, GCN increased its capital by Baht 4 million of its capital to a registered and paid-up capital of Baht 5 million.
  • HLM jointly invested with a Singaporean businessman and established a joint venturenamed Hazchem Logistics Management Pte. Ltd. (HLM-SG) on 19 April 2012 to engage inthe business of hazardous and chemical goods transport services in Singapore with a registered capital of SGD 100,000.
  • TAX received Export Logistics Model Award (ELMA) 2012 for logistic and transportation services from the Department of Trade Promotion, the Ministry of Commerce.
2013
  • Triple i SupplyChain Company Limited (TSC) was incorporated on 18 February 2013 to engage in the business of international and local logistic services, including warehouse management, with a registered capital of Baht 5 million.
  • GNH along with a Myanmar businessman jointly invested and established GSA Cargo Network (Myanmar) Limited ("GCN-MM") in Myanmar on 22 February 2013 with a registered capital of 47.3 million Myanmar kyat.
  • TAX commenced its regional logistics service and super speed services throughout the country for Thailand Post Company Limited.
  • ANI was appointed by Jeju Air to act as its cargo sales agent.
  • Asia Ground Service Company Limited (AGS) was incorporated on 14 August 2013 to engage in warehouse management and airport ground handling services with a registered capital of Baht 25 million.
  • The major shareholders of the group company jointly invested in Excel Air Company Limited ("ECA-BKK") which was incorporated on 28 October 2013 to engage in sales agent for airlines business with a registered capital of Baht 2 million by purchasing 30.0% of shares of the total registered capital of ECA-BKK on 25 November 2013.
2014
  • Major shareholders of the group company jointly invested in Sky Star Transport Company Limited ("SST") on 24 February 2014 to engage in the business of container transportation services with a registered capital of Baht 1 million.
  • Triple i GSA Cargo Company Limited ("TGC") was incorporated on 5 June 2014 to engage in the business of sales agent for air cargo and international air freight with a registered capital of Baht 5 million and was appointed by Thai AirAsia X to act as its sales agent.
  • TAC was appointed by Bhutan Airlines to act as its cargo sales agent.
  • HLM jointly invested with R&K Transervice Limited and established Hazchem Trans Management Company Limited (HTM) on 9 October 2014 with a registered capital ofBaht 5 million to engage in the business of domestic transportation and distribution services for hazardous goods
2015
  • In September 2015, TLG established Triple i International Pte. Ltd. (TIL) in Singapore to engage in the business of cargo sales agent for airlines in overseas countries, including appointment of representatives overseas, with a registered capital of SGD 100,000.
  • Cross Border Couriers Company Limited ("CBC") was incorporated with a registered capital of Baht 3 million and issued and paid-up share capital of Bath 0.75 million to engage in the business of international express air cargo services (low-cost).
  • In November 2015, TLB increased its capital by Baht 45 million to Baht 50 million as its working capital.
  • In November 2015, TLG changed its name from Triple i Interfreight Company Limited to Triple i Logistics Company Limited and increased its capital by Baht 210 million to Baht 215 million, consisting of 2,150,000 ordinary shares with a par value of Baht 100 per share, in order to restructure the group company. TLG acquired 14 companies namely, TAC, TGC, TAX, AGS, ANI, TMA, CKT, ECU, TSC, CBC, DGP, HLM, TCD, and TLB.
  • TAX received Best Practices Award as it passed the standard of quality management for logistics services business in the year 2015 from the Department of Business Development.
  • TAX received Top Cargo Agent Award from Emirates SkyCargo.
  • TAC received a Regulated Agent Certificate from the Department of Civil Aviation.
  • TAC was ISO 9001:2008 certified as an airline agent.
2016
  • TAC was appointed by SriLankan Airlines to act as its cargo sales agent.
  • TLG jointly invested with Chinese investors and established Skyjet Air Express Company Limited ("SKJ") to engage in the business of sales agent for airlines, providing international freight services, with a registered capital of Baht 1 million.
  • In October 2016, the group company by TIL established Triple i International Japan Limited (TIL-J) in Japan to expand its business covering cargo sales agent for airlines business in Japan with a registered capital of 5 million Japanese Yen.
  • To restructure the operations in each business unit to be more precise and to eliminate conflicts of interest that may arise in the future, the Company restructured its group company by dissolving and acquiring certain companies from its subsidiaries as summarized below.
    • In July 2016, the Company purchased shares in CBC from Mr. Peter James Mechin for 7,500 ordinary shares which equal to 99.99%
    • In August 2016, SST registered the dissolution of its business.
    • In September 2016, TLGG, GNH, TCD, TKL and GCN registered the dissolution of their business.
    • In October 2016, TLB registered the dissolution of its business and transferred its entire business to TLG on 31 August 2016.
    • In November 2016, SKJ registered the dissolution of its business.
    • During January to May 2016, there were several share purchase transactions in associate companies from GNH and GCH as follows:
Company Acquiring company Investment ratio Reasons for investment
ANI TLG 59.99% To act as general sale agent for airlines, providing international air freight services.
ECA-GZ TIL 25% To act as general sale agent for airlines, providing international air freight services.
Freight-HK TIL 20% To act as general sale agent for airlines, providing international air freight services.
ECA-HK TIL 20% To jointly invest in a holding company that invests in company that provides air freight services in China.
GCN-MM TIL 50% To act as general sale agent for airlines, providing international air freight services.
  • TAX received Top Cargo Agent Award from Emirates SkyCargo.
  • TAX was ISO 9001:2015 certified as an air freight service provider.
  • TLG was ISO 9001:2015 certified as an international freight service provider.
2017
  • In March 2017, TMA increased its capital by Baht 7 million to Baht 10 million and Issued and paid-up share capital of Bath 5 million as its working capital.
  • The Extraordinary Shareholders' Meeting No. 1/2017 of Triple i Logistics Company Limited held on 15 March 2017 resolved that:
    • by a special resolution, the Company shall convert into a public limited company;
    • the Company shall change the par value of its shares from Baht 100 per share to Baht 0.50 per share;
    • by a special resolution, the Company shall increase its capital to Baht 307.5 million, consisting of 615 million ordinary shares with a par value of Baht 0.50;
    • the Company shall issue and offer 10 million ordinary shares with a par value of Baht 0.50 to the existing shareholdings proportionately to their shareholding;
    • the Company shall issue and offer 160 million ordinary shares with a par value of Baht 0.50 to the public;
    • the Company shall issue and offer 4.50 million ordinary shares with a par value of Baht 0.50 and 10,500,000 stock warrants to the directors and employees of the Company;
    • the Company shall list its shares as listed securities on the Stock Market of Thailand;
  • TAC was appointed by Thai AirAsia X to act as its sole freight forwarder for all inbound-outbound flights at Don Muang International Airport.
  • AGS was permitted by the Department of Customs and Airports Of Thailand Public Company Limited to act as an international whorehouse provider at Don Muang International Airport commencing from 1 January 2017 under a five-year term.
  • HTM paid additional capital of Baht 2.5 million for its shares for purposes of additional working capital for business. The capital was then Baht 5 million (Baht 5 million of registered capital).
  • TMA was ISO 9001:2012 certified for providing freight forwarding.
  • CKT was ISO 9001:2012 certified for providing international sea transportation by container service.
  • TSC was ISO 9001:2012 certified for providing of domestic transportation service. 2017 14
2018
  • January, Asia Ground Service Company Limited has expanded its air freight business by opening International Air Cargo Terminal at Donmuang International Airport with 4,500 square meters of service area. The international air cargo warehouse accommodates the growing international cargo transport market following cancellation of international airport standards by ICAO. Thailand is a center for expansion of air transport business with market share in Donmuang Airport of over 70%.
    The international air cargo warehouse will strengthen air freight business of the Group as the market is growing. There is an increase in number of flights operated by Thai AirAsia, Thai AirAsia X and other leading airlines with routes to/from Donmuang Airport every year.
  • January, Triple i Maritime Agencies Company Limited started to provide a complete range of sea freight services after being appointed as sole agent in Thailand of Rizhao Port (Hong Kong) Shipping Line, state-owned shipping line in Rizhao, Shandong Province in the northern part of China in 2017. At the beginning, the service routes cover 3 countries which include China (Rizhao, Shanghai), Vietnam (Ho Chi Minh) and Thailand (Laem Chabang, Bangkok Port).
  • June, Triple i Logistics Public Company Limited received proceeds from initial public offering in the approximated amount of Baht 267 million. It acquired 50% shareholding in DG Packaging Pte. Ltd. (DGPS), a company incorporated in Singapore which distributes dangerous goods packaging and provides packaging service for transport of dangerous goods. DGPS has a business network, covering 18 countries in 5 continents.
    Not only generating profits and cash flow to the Company in a long run, the strategic acquisition expands the Company’s customer base through expansion of the business overseas, particularly Singapore, which is the world’s major trade center. The Company will be able to develop and grow dangerous goods logistics business in Singapore, which is one of the centers of ASEAN countries.
  • August, The volume of sea freight service provided by Rizhao has continued to increase since Rizhao is the only shipping line in Thailand who offers a direct sea freight route to Rizhao, one of the major industrial cities in China. Since the Company has been appointed as sole agent of Rizhao (Single Operator), the business operation is efficient and shipments are transported according to schedules. The Company revised its service routes and added an outbound route to Vietnam in order to increase area for service. The Company also changed to bigger ships, providing up to 1,800 TEUS per trip, to accommodate the growing market.
2019
  • January, The Company invested in SAL Group (Thailand) Co., Ltd., which conducts airport ground and passenger handling business by acquiring 14.95% shareholding of SAL Group (Thailand) Co., Ltd. The investment amount was Baht 80 million. Such investment has given the Company the opportunity to operate airport ground handling business.
  • March, The Company acquired 50% shareholding of Around Logistics Management Company Limited (“Around Logistics”) in Hong Kong. The investment amount was Baht 536.8 million. The core business of Around Logistics is conducting general sales agent for airlines business in Asia region. Around Logistics has subsidiaries in Thailand, Singapore, Hong Kong, and Vietnam and is currently representing over 22 airlines with routes covering 24 countries.
  • March, The Company registered its capital increase by Baht 1,164,544, comprising of 2,329,088 ordinary shares at the par value of Baht 0.50 per share to accommodate for the exercise of right under warrant for employees to purchase ordinary shares of the Company no. 1 (III-WA) (“Warrant”) pursuant to TLG ESOP 2017 Project. The number of Warrant exercised by the holders according to conditions and period for the exercise of the Warrant was 2,329,088 units.
  • March, The Company was appointed as general sales agent for US Bangla Airlines, which provides direct flights to Dhaka, Bangladesh. This has given the opportunity for the Company to provide service in the new route and expands the Company’s customer base to a new customer group.
  • May, Pursuant to the resolutions of the 2019 Annual General Meeting of Shareholders of the Company approving dividend payment of Baht 0.17 per share, the Company paid dividend in the total amount of Baht 103.2 million.
  • July, The Company acquired ordinary shares in Excel Air (Cambodia), representing 32% of the total registered and paid-up capital of Excel Air (Cambodia). Excel Air (Cambodia) conducts general sales agent for airlines business for airlines in Cambodia. The investment amount was USD 32,000 or not exceeding Baht 1.00 million.
  • September, The Company acquired ordinary shares of SAL Group (Thailand) Co., Ltd. SAL Group (Thailand) Co., Ltd. conducts airport ground and passenger handling business. Formerly, the Company held 14.95% shareholding in SAL Group (Thailand) Co., Ltd. Following the investment, the Company shall hold 15.86% of the total registered capital of SAL Group (Thailand) Co., Ltd.
  • September, The Company registered its capital increase by Baht 1,239,343.50, comprising of 2,478,687 ordinary shares at the par value of Baht 0.50 per share on 11 September 2019 to accommodate for the exercise of right under warrant for employees to purchase ordinary shares of the Company no. 2 (III-WA) (“Warrant”) pursuant to TLG ESOP 2017 Project. The number of Warrant exercised by the holders according to conditions and period for the exercise of the Warrant was 2,478,687 units.
  • December, The Company signed a shareholder’s agreement with Teleport Everywhere Pte., Ltd., a company under AirAsia Group Berhad, in respect of its investment in Teleport (Thailand) Co., Ltd. (“TLP-TH”) on 4 December 2019. To conduct general sales agent for airline business and other related logistics business for AirAsia group. At present, there are 9 airlines within AirAsia group including Malaysia AirAsia, AirAsia X, Indonesia AirAsia, Indonesia AirAsia X, AirAsia Japan, AirAsia India, AirAsia Philippines, Thai AirAsia and Thai AirAsia X. In the past, the Company acted as general sales agent for Thai AirAsia and Thai AirAsia X only.
2020
  • March, The Company invested in 30% of the total capital of Galaxy Ventures Co., Ltd. (“GV”) in the amount of 600,000 shares with the total consideration of Baht 70.09 million. GV invests in start-up companies that conduct e-commerce and e-logistics business. The investment objectives were to create new business opportunities relating to e-commerce and e-logistics business, which have potential growth, and to support the group company’s existing logistics business.
  • May, The 2020 Annual General Meeting of Shareholders has resolved to approve the dividend payment for the year 2019 in the amount of Baht 0.15 per share, totaling Baht 91,396,166.25. The date determining which shareholders are eligible to receive dividends is 28 April 2020 and the dividend payment date is 18 May 2020.
  • May, The Company increased its investment in SAL Group (Thailand) Co., Ltd. (“SAL”) to 58.20% of the total capital from the existing 15.86% of the total capital. The Company acquired shares from the existing shareholder for the total consideration of Baht 188 million in May 2020 according to the resolutions of the 2020 Annual General Meeting of Shareholders approving the Company’s business and management over SAL. SAL has 51% shareholding in AOT Ground Aviation Services Co., Ltd. (“AOTGA”), a joint investment between SAL and Airports of Thailand Public Company Limited (“AOT”). AOTGA provide ground handling and passenger services.
  • May, The Company had issued and allotted the Warrants to purchase the newly issued ordinary shares of Triple i Logistics Public Company Limited No.1 (“III-W1”) with the term of 3 years in the number of not exceeding 152,326,944 units to proportionally allocate to the existing shareholders (Rights Offering) without charge at the ratio of 4 existing ordinary shares to 1 warrant. The exercise price shall be Baht 6.00 per share (except in the event of adjustment to the exercise price). Such issuance and offering of warrants is to reserve fund for the Company’s future investments. The Company shall increase its registered capital by Baht 76,163,472 at the par value of Baht 0.50 per share from the current registered capital of Baht 307,500,000 to the new registered capital of Baht 383,663,472.
  • May, The Company repurchased share (Treasury Stock) in the amount of not exceeding Baht 50 million and the number of shares repurchased shall not exceed 10,000,000 shares or not exceeding 1.64% of the Company’s total paid-up capital. The share repurchase will be conducted through the Stock Exchange of Thailand from 27 May 2020 until 26 November 2020.
  • September, The Company disposed SAL Group (Thailand) Company Limited (“SAL”) shares in the amount of 913,027 shares (divided into 873,027 ordinary shares and 40,000 preference shares) or 33.20% of the total registered and paid-up capital of SAL to SKY ICT Public Company Limited of the consideration of Baht 157.72 million. Following such disposal, the Company holds 25% of SAL’s total paid-up capital. The Company believes that this cooperation will create synergy in respect of logistics management and IT expertise. This synergy will increase service capabilities of both SAL and AOTGA, allowing them to provide full services and create business partnership in the long run.