Our History
1968
Established as a limited company under the name Tanayong Company Limited (Tanayong)
1991
Tanayong was listed on the Stock Exchange of Thailand (SET) under the Property Development sub-index.
1992
Tanayong shifted its business emphasis to Rail Mass Transit under Bangkok Transit System Corporation Ltd. (BTSC), signing the concession contract with the Bangkok Metropolitan Administration (BMA) to design, build and operate Bangkok’s first mass transit system (BTS SkyTrain Core Network).
1997
Asian financial crisis hit the region. Tanayong and BTSC suffered under the weight of dollar-denominated debt as the Thai Baht depreciate against the US Dollar by more than 130% in less than 6 months.
1999
Commenced operation of the BTS SkyTrain Core Network
2006-2008
Tanayong and BTSC successfully exited from court supervised rehab procedures following the aftermath of the Asian Financial Crisis.
2009
Commenced operation of the Silom Line extension
2010
Acquired 94.6% of BTSC and changed the Company name to BTS Group Holdings PCL (BTS Group).
BTSC began operations and maintenance of Bangkok’s inaugural Bus Rapid Transit (BRT) system.
2011
Commenced operation of the Sukhumvit line extension
2012
BTSC awarded the O&M contract covering Green Line extension 1 and Core Network (post concession expiration).
VGI, a subsidiary of the Company, was successfully listed on the SET under the ticker symbol ‘VGI’.
2013
BTS Group listed Thailand’s first Infrastructure Fund, BTS Rail Mass Transit Growth Infrastructure Fund (BTSGIF), which has the net farebox revenue for Core Network
Commenced operation of the Silom line extension
2015
BTS Group strengthened its property business through the acquisition of 35.6% of listed property company named ‘U City PCL (U City)’.
2017
BTSC awarded the O&M contract for the Northern and Southern Green Line extensions.
A BTS Group subsidiary (BTS Group shareholding of 75%) won the concession contracts from the Mass Transit Rapid Authority of Thailand (MRTA) for the Pink and Yellow Lines.
2018
BTS Group completed the restructuring of its Property business into U City
BTSC awarded the O&M contract of the Gold Line (Phase 1)
Commenced operation of the Southern Green Line Extension
VGI transition from traditional OOH media to Offine-to-Online (O2O) Solutions provider under the new vision ‘Pioneering Solutions for Tomorrow’
VGI acquires 23.0%1 in Kerry Express (Thailand) PCL or Kerry Express, the country’s leader in parcel delivery
1As of March 2021, VGI held 18% in Kerry Express after Kerry Express’s IPO in Dec 20202020
A BTS Group Joint Venture Company (BTS Group shareholding of 35%) entered into a PPA to build U-Tapao international airport, Bangkok’s third airport.
A BTS Group Joint Venture Company (BTS Group shareholding of 40%) was selected as the best bidder for 2 intercity motorways; M6 and M81
Commenced operation of the Northern Green Line extension
Commenced operation of the Gold Line (Phase 1)
2021
BTS Group introduced new ‘3M strategy’; MOVE, MIX and MATCH with the new slogan ‘Borderless, Transform, Solutions’
VGI acquired 51% in Fanslink Communication Company Limited (Fanslink) and 15% in Jaymart Public Company Limited (Jaymart) to broaden and expand its business platforms within the Distribution segment.
A BTS Group Joint Venture Company (BTS Group shareholding of 40%) was awarded the 30-year O&M contract for 2 intercity motorways; M6 (Bang Pa In - Nakhon Ratchasima) and M81 (Bang Yai - Kanchanaburi).
U City shifted its business strategy to focus its capital and resources into the financial services industry.
2022
VGI acquired 59.9% in Nation International Edutainment Company Limited (NINE), appointing NINE to manage the rights to operate merchandising spaces across 31 BTS stations.
A BTS Group Joint Venture Company entered into an agreement to build the Pink Line Extension to Muang Thong Thani, adding two more BTS stations to its network.
BTS Group acquired 41% in Thanulux Public Company Limited (TNL) - a subsidiary of Saha Pathana Inter-Holding Public Company Limited (SPI), the investment arm of Saha Group. This is to expand and diversify the MATCH business portfolio within the property backed lending businesses.
U City announced its new company name under Rabbit Holdings Public Company Limited (Rabbit Holdings).
2023
NINE, a subsidiary of VGI, rebranded its corporate identity and logo, under the new name Super Turtle Public Company Limited (TURTLE).
Commenced operation of the Yellow Line
Commenced operation of the Pink Line.
Master Ad Public Company Limited (MACO), an associate company held 44% by BTS Group and VGI, rebranded its corporate identity and changed its name to ROCTEC Global Public Company Limited (ROCTEC).