BTS Group
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BTS Group - overview
Established
1968
Location
Bangkok, -, Thailand
Primary Industry
Business Support Services
About
BTS Group is a leading transportation and infrastructure company focused on enhancing urban mobility and connectivity through integrated solutions, notably the BTS Skytrain in Bangkok. Founded in 1968 in Bangkok, Thailand, BTS Group is predominantly involved in mass transit operations and property development. The company has maintained its core business strategy while expanding its service offerings related to urban development. Boong Chaladlam is the founder, while Caroline Mukami and Nelson Leung currently serve as CEOs.
BTS Group Holdings primarily operates in the transportation and infrastructure sectors, delivering integrated solutions that enhance urban mobility. Its core offerings include mass transit systems like the BTS Skytrain, which facilitates efficient transportation in Bangkok. The company also engages in property development and management to complement its transit services. Its clientele includes government entities and private investors, focusing primarily on metropolitan areas in Thailand, with plans for international expansion.
In 2023, BTS Group Holdings reported a revenue of USD 520. 39 mn and an EBITDA of USD 80. 86 mn. The company generates income primarily from fare collections of the BTS Skytrain, alongside revenue from property leasing near transit stations, structured through partnerships with local governments and direct sales to commuters.
BTS Group is exploring opportunities to launch new transit solutions and expand its services into international markets, although specific details on new products or regions have not been disclosed. The funding raised will be strategically utilized to support these growth initiatives and enhance their operational capabilities.
Primary Industry
Business Support Services
Sub Industries
Consulting Services, Engineering
Website
www.btsgroup.co.th
Verticals
Infrastructure
Total Amount Raised
Subscriber access only
BTS Group - timeline of key events

BTS Group - financials
| Fiscal Year Ended | Mar 31, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 7,976,300,000 | 5,584,712,778 | 8,115,111,331 | 6,136,940,095 | 5,264,861,899 | 7,585,465,615 | 12,170,764,100 | 45,894,952,438 | 35,404,729,402 | - | - | - |
| % Revenue Growth (YoY) | - | (30.0%) | 45.3% | (24.4%) | (14.2%) | 44.1% | 60.4% | 277.1% | (22.9%) | - | - | - |
| EBITDA (USD) | 5,303,700,000 | 2,878,736,275 | 17,289,638,521 | 3,934,322,763 | 5,763,031,176 | 3,353,528,527 | 5,877,896,696 | 4,776,843,457 | 9,916,198,107 | - | - | - |
| Operating Income (USD) | 3,800,400,000 | 2,469,527,790 | 16,778,610,275 | 3,474,320,330 | 5,312,549,158 | 2,776,118,140 | 5,119,478,087 | 3,983,609,797 | 8,944,714,244 | - | - | - |
| Operating Margin | 47.6% | 44.2% | 206.8% | 56.6% | 100.9% | 36.6% | 42.1% | 8.7% | 25.3% | - | - | - |
| % EBITDA Margin | 66.5% | 51.5% | 213.1% | 64.1% | 109.5% | 44.2% | 48.3% | 10.4% | 28.0% | - | - | - |
| NET Income (USD) | 2,235,600,000 | 2,736,134,788 | 13,585,029,979 | 3,340,219,545 | 4,406,718,468 | 2,235,723,875 | 4,789,808,893 | 3,565,024,490 | 8,817,414,830 | - | - | - |
| % Net Margin | 28.0% | 49.0% | 167.4% | 54.4% | 83.7% | 29.5% | 39.4% | 7.8% | 24.9% | - | - | - |
BTS Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Round | Completed | The LoopUp Group | - | ||||||||
| Trade Sale | Completed | AskHanuman | - | ||||||||
| Trade Sale | Completed | Fenestrae | - |
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BTS Group - employee data


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