DTGO eyes expansion abroad
DT Group of Companies (DTGO), owned by the Chearavanont family, is expanding overseas in property development, design, construction consultancy and trading as it seeks to boost revenue to 35 billion baht by 2020.
Group president Raj Tanta-Nanta said the company this year will expand into property development in China, design in Asean countries and trading via the e-commerce channel.
“A decade ago we were just a small group of companies, but with our active expansion over the past three years, particularly in property development, we are today a relatively big group with combined assets worth around 100 billion baht,” he said.
Property development generates 60% of the group’s revenue. The business is mainly run by one of the group’s subsidiaries, Magnolia Quality Development Corporation (MQDC). The developer this year plans to launch four new projects, each worth between 3 billion and more than 10 billion baht.
One of them will be a mixed-use development in Pattaya, a large-scale project located on a 40-rai plot in the Na Jomtien area, which MQDC will co-invest with Shanghai Kinghill Ltd, one of the Chearavanont family’s China-based companies.
“We are planning the Pattaya project and will add a theme park to it,” said Mr Raj, formerly vice-president for investor relations at Thai Airways International. He joined DTGO in February 2016.
MQDC plans to develop property projects in Shanghai.
This year it will build brand awareness in China by introducing its Thai residential projects to Chinese buyers after establishing a subsidiary last year, MQDC China.
Mr Raj said the group’s trading segment, under subsidiary D Supreme Co, will this year develop an e-commerce application as a sourcing hub and aims to seek suppliers worldwide.
The group expects procurement and trading, which covers IT equipment and construction materials, to generate 50% of the group’s total revenue in 2020 from nearly 40% last year.
In 2016, the group generated 13 billion
baht in revenue, rising by 30% from 10 billion baht in 2015, and expects to generate 20 billion baht this year and 35 billion baht in 2020.
Other sources of fee-based income, which account for only 1% of the group’s total revenue through design under Di Designs Co, and construction consultancy services under DPlan Shanghai Consulting Co, will expand to other countries.
Di Designs, which operates in Thailand and China, plans to take design jobs in Myanmar and Vietnam.
This year it will begin a design job worth 4 million yuan (20.1 million baht) at an educational institution in Kunming.
DPlan Shanghai Consulting, which is based in Shanghai, will be established in Thailand this year.