Recently, Forbes Asia published a Thailand rich list on July, 10 2008 in Singapore. The rankings are almost filled with the same face as in the lists of 2006 and 2007. The Asia rich lists have been sponsored by SG Private Banking (Asia Pacific). The notable and outstanding rich woman in all rankings is clearly seen to be Nishita Shah, an Indian origin who is the youngest on the list along with her family, she is ranked No. 19 and worth $375 million. The 28-year old is featured in a profile story in this week's issue of Forbes Asia. She spoke about her plan of launching her own fashion label "Nsha" on three continents at the end of the year as well as helping to manage her family's 140-year old business which includes Thai-listed Precious Shipping as her farther, Kirit Shah, last year made her a managing director of GP Group.
GP Group comprises of 15 Affiliate and 5 Associate companies in wide-ranging industries. The diverse range of activities reflect the longivity of the group as well as its commitment to growth and diversification.
Affiliates:
Alva Aluminium Ltd.
Ambika Tour Agency Ltd.
Atrium Hotel
Eka Software Solutions Pvt. Ltd.
Geepee Air Services Limited
Insurexcellence Insurance Brokers Ltd.
Linaria Chemical (Thailand) Ltd.
Mega Lifescience Limited
MJETS Limited
MYN Brands International
Nsha
Precious Shipping PLC
Premthai Energy Limited
Premthai International Limited
Sila Eastern Limited
Associates
Diethelm India
First Pacific Consulting
Majan Mining
Noble Grain
Raj Stones
How it all began for GP group since 1868
1111The family firm of G Premjee was esablished 125 years ago in Burma where it prospered in Rice trade.
In 1918, the firm transferred base to Thailand and continued to source rice grown in India, Thailand, Burma and Sri Lanka.
In the 1970s, G Premjee diversified from rice to other agricultural produce. Corn. Sorghum. Beans. Canned Food-stuffs. Sugar. Wheat and Barley. Drawing strength from its existing rice markets in West Asia and Africa. In order to expand its trading operations, GP began to source corn from the US and Argentina and rice from Vietnam, India, Pakistan, Indonesia and China in addition to the core source, Thailand: a truly global merchant house.
The Group widened its trading base adding industrial raw materials to the trading list. Coals, ores, minerals, and steel products. Fertilizers and fertilizer raw materials. Essential needs everywhere.
The worldwide network of offices became in themselves an instrument of growth. Their synergy improved operational efficiencies - opening up new avenues for exploration, new and diverse opportunities in core markets and industries.
Because shipping is a key competitive factor in the international grain trade, the Group moved progressively into ship chartering, owning, handling, agency and brokerage.
To streamline access to finance for third country trading, the Group forged strong links with international banks in the financial capitals of the world.
In support of Thailand's rubber industries, the Group began production of centrifuged latex concentrate and downstream dipped rubber products.
From involvement in hospital goods, the Group diversified into soft gelatin capsules for pharmaceuticals and health food supplements.
As a further development in healthcare, the Group launched another venture to manufacture and market a wide spectrum of important bulk pharmaceutical chemicals.
Recognising opportunity at its doorstep in Thailand, the Group entered into the jewellery business to serve international markets.
The need for housing and urban development in its immediate environment led the Group progressively into real estate development, hospitality and largescale civil construction - critical activities in the developing world.
Recently, a global venture has been launched for the development, production and distribution of quality hybrid seeds for food and cash crops.
Integration has brought the Group back full circle - from grain to grain! Everyday, the people of GP seek to improve the world in which we live.
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