IFS Capital (Thailand) Public Company Limited was incorporated on 21st March 1991 with its registered capital of Baht 50 million in the name of Ayudhaya International Factors Co., Ltd., a joint-venture between Bank of Ayudhaya Public Company Limited (“BAY”) with 45% of shares and IFS Capital Limited (“IFS (Singapore)”) with 40% of shares. Principal activity was the provision of factoring services.
In 2007, the Company’s shareholding was changed. The IFS Group of Singapore bought over the Company’s shares from BAY and changed the Company’s name to IFS Capital (Thailand) Co., Ltd. On 18th April 2007, the Company was converted to become a public company limited and increased its registered and paid-up capital to Baht 350 million.
In 2009-2010, the Company’s status was changed from that of a Thai company to a foreign company. It obtained licenses to provide (1) factoring services and (2) the leasing and the hire purchase services for industrial vehicles and machines, tools used for the relocation of goods, vessels and vehicles used in agricultural activities.
The Company was listed on the Stock Exchange of Thailand on 10th August 2010 and issued an additional 120 million common stocks for its public offering which resulted in the increase of paid-up capital from Baht 350 million to Baht 470 million. The major shareholder is the IFS Group of Singapore with total shareholding of 73.13%.
CORPORATE STRUCTURE OF IFS GROUP
IFS Group specializes in various types of financial services such as factoring, leasing and hire purchase, credit insurance, bonds and guarantees, structured finance and venture capitalView Full Image