Our History

1975 Thanulux Public Company Limited (“TNL”) was founded on 23 June 1975, operating the business of manufacturing finished garments with the registered capital of Baht 3 million
1983TNL increased the company’s registered capital to Baht 6 million
1984TNL increased the company’s registered capital to Baht 12 million

1987 TNL increased the company’s registered capital to Baht 24 million and Baht 30 million and was listed in the Stock Exchange of Thailand on 21 July 1987
1988TNL increased the company’s registered capital to Baht 45 million and changed the par value to Baht 10 per share
1989TNL increased the company’s registered capital to Baht 60 million
1994TNL converted from a Limited Company to a Public Limited Company

1996 TNL increased the company’s registered capital to Baht 120 million
1997Thailand experienced a severe economic downturn. The Baht devalued drastically. Foreign exchange losses and a decline in domestic and export sales had an effect on the commercial sector, including TNL. However, TNL was able to persevere during this economic crisis.
1999TNL issued debentures in the amount of Baht 300 million
2003TNL changed the par value from Baht 10 per share to Baht 1 per share

2017 TNL expanded manufacturing capacity for leather goods at Mae-sot Branch, Tak province
2018TNL openedTNL expanded manufacturing capacity for leather goods at Lamphun Branch a second factory building at the Lamphun branch
2021TNL was able to retain a solid financial position without relying on financial institution loans, even throughout the COVID-19 pandemic

2022
- TNL restructured its shareholding by issuing and offering new ordinary shares to BTS Group Holdings Plc., which intended to become the Company’s strategic business partner
- TNL aimed todiversify and expand into other businesses, including secured lending business, asset management business and real estate development business, so as to deliver a satisfactory rate of return and enhance its long-term growth potential
- TNL invested 90% of the issued and paid-up shares in Oxygen Asset Co. Ltd., which is a provider of secured loans, from Saha Pathana Inter-Holding Plc.
- TNL invested 50% of the issued and paid-up shares of 7 companies, operating real estate business from Rabbit Holdings Plc. And U Global Hospitality Co. Ltd.