Italian-Thai Development

The Italian-Thai Development Public Company Limited (Thai: บริษัท อิตาเลียนไทย ดีเวล๊อปเมนต์ จำกัด (มหาชน)) was formed on 15 August 1958 as the "Italian-Thai Corporation Company Limited" by its founders, Dr. Chaijudh Karnasuta and Mr. Giorgio Berlingieri. Their objective was to establish a Thai construction company.[1]: 6  The company registered as a limited public company on 24 March 1994 and was listed on the Stock Exchange of Thailand (SET) on 9 August 1994 with the symbol, ITD.[1]: 6 

Italian-Thai Development PCL
Native name
บริษัท อิตาเลียนไทย ดีเวล๊อปเมนต์ จำกัด (มหาชน)
TypePublic company
Founded1958; 64 years ago (1958)
HeadquartersHuai Khwang,
Area served
Southeast Asia
Key people
Revenue48,389 million baht (2016)
-48,389 million baht (2016)
Total assets78,120 million baht (2016)
Number of employees
25,678 (2016)
WebsiteOfficial website


As of 2016 the chairman was Dr. Krisorn Jittorntrum. Director and president was Mr. Premchai Karnasuta.[1]: 32 


Consolidated revenues (company plus subsidiaries) was 48,389 million baht in 2016. Net profit was (minus) -48,389 million baht. Total assets were 78,120 million baht.[1]: 90  As of 31 December 2016 ITD employed 25,678 persons.[1]: 35 

Italthai GroupEdit

Italian–Thai Development PCL is the umbrella company of Italthai Group although Italthai management insists that, "The management of the Italthai Group and its subsidiaries have nothing whatsoever to do with Italian-Thai Development,..."[2] Italthai is a group of privately-owned businesses "connected" to Italian–Thai Development PCL. Its businesses are construction equipment,[3] construction,[4] hospitality,[5] and lifestyle.[6] The group employs more than 5,000 employees in seven countries across Asia Pacific.[7]


  1. ^ a b c d e "2016 Annual Report" (PDF). Italian-Thai Development Public Company Limited. Retrieved 9 February 2018.
  2. ^ Thaitrakulpanich, Asaree (9 February 2018). "FOREST RANGER: POACHER PREMCHAI OFFERED BRIBE". Khaosod English. Retrieved 9 February 2018.
  3. ^ "Construction Equipment Business". ITALTHAI Group. Retrieved 9 February 2018.
  4. ^ "Construction Businesses". ITALTHAI Group. Retrieved 9 February 2018.
  5. ^ "Hospitality Group". ITALTHAI Group. Retrieved 9 February 2018.
  6. ^ "Lifestyle Business". ITALTHAI Group. Retrieved 9 February 2018.
  7. ^ "Overview". ITALTHAI Group. Retrieved 9 February 2018.

External linksEdit