Sirivadhanabhakdi family explained

The Sirivadhanabhakdi family (th|สิริวัฒนภักดี) is a Sino-Thai business family and one of the wealthiest in Thailand. The family is headed by Charoen Sirivadhanabhakdi, who made his fortune in the alcoholic beverages business and has since, through many major acquisitions, expanded the family's holdings into other food and drink properties, real estate, retail, and other industries. The family has controlling stakes in the listed companies ThaiBev, Oishi Group, Berli Jucker, Big C Supercenter, Fraser and Neave, Frasers Property, Asset World Corporation, among others, held both directly and under their holdings banner TCC Group.[1] [2] It is regarded as one of the big five business families that dominate business in Thailand.[3]

History

Charoen was born in Bangkok in 1944, the second of eleven children. His father, a street vendor, was a Teochew immigrant from Shantou, among the last generation of immigrants to arrive before the Chinese Communist Revolution ended migration in 1949. The family, of the Soh/Su (蘇) clan, first took the Thai surname Srisomburananont (Thai: ศรีสมบูรณานนท์). The name Sirivadhanabhakdi—from Pali siri 'prosperity' + vaḍḍhana 'increasing' + Sanskrit bhakti 'devotion'—was granted to Charoen and his descendants by King Bhumibol Adulyadej in 1988.[4]

Charoen has five children with his wife Wanna Sirivadhanabhakdi (1943–2023): Atinant Bijananda, Wallapa Traisorat, Thapana Sirivadhanabhakdi, Thapanee Techajareonvikul, and Panote Sirivadhanabhakdi. They have since taken up executive positions in various branches of the family's business empire.[5]

People

Family members include:

TCC Group

The family has extensive business properties spanning several industries, held both directly by its individual members and through a network of holding companies collectively branded as TCC Group.[8]

Food and beverage

ThaiBev
  • Producer of Chang beer and other alcoholic beverages
    Fraser and Neave
  • Singapore-based food and drink conglomerate, acquired in 2013
    Sermsuk
  • Producer of Est Cola and other non-alcoholic beverages
    Oishi Group
  • Ready-to-drink tea beverages and restaurant chains

    Industrial and trading business

    Most businesses in this group are under Berli Jucker, a long-standing industrial conglomerate founded in 1882, of which Charoen acquired a majority in 2001.

    Berli Jucker
  • Manufacture and distribution of consumer and healthcare products, among various other businesses
    Berli Jucker Foods
  • Packaged snacks
    Berli Jucker Logistics
  • Retail logistics services
    Asia Books
  • Bookstore chain
    Rubia Industries
  • Soap, cosmetics and confectionery manufacturer
    TCC Technology
  • IT services
    Thai Glass Industries
  • Glass packaging (jars and bottles)
    Thai-Scandic Steel
  • Galvanized steel structures

    Finance and insurance

    This group originated as Southeast Insurance in 1946, and expanded into other services.

    Southeast Insurance
  • Insurance; liquidated following heavy losses in the COVID-19 pandemic
    Southeast Life Insurance
  • Life insurance
    Southeast Capital
  • Fleet vehicle leasing

    Property and real estate

    This group operates as TCC Land, Asset World Corporation, Golden Land, Univentures, and other associated companies. It has done property development in the following categories:

    Hospitality
  • Owns a large number of hotels, mostly operated by international chain brands
    Retail
  • Developer of shopping centres, including Pantip Plaza and Asiatique
    Commercial offices
  • Properties include Empire Tower
    Residential development
  • Several condominium towers
    MICE
  • NCC Management and Development operates Queen Sirikit National Convention Center
    Leisure
  • Rajpruek Club and other golf courses
    Master planning
  • Large-scale development, including the One Bangkok mega-project

    Agriculture and agro-industry

    The group has several agricultural business interests in the following areas:

    Plantations and processing
  • Vertically integrated agri-businesses in several crops including rubber (Lastica), pineapples (Siam Food, one of the largest exporters globally), oil palms, and coffee
    Sugar
  • Operating under the Cristalla brand, with associated ethanol production by Thai Alcohol
    Related businesses
  • Fertilizers and other services under the Terragro group
    Agricultural commodities trading
  • Done by Plantheon Trading

    Retail

    Charoen acquired a majority in Big C Supercenter in 2016.[9]

    Notes and References

    1. Web site: Sirivadhanabhakdi family/TCC group . Nikkei Asia . 17 January 2024 . 1 December 2016.
    2. News: Jittapong . Khettiya . Thai billionaire Charoen builds empire with F&N takeover . 17 January 2024 . Reuters . 22 January 2013.
    3. News: Crispin . Shawn W. . Thailand's 'five families' prop and imperil Prayut . 17 January 2024 . Asia Times . 13 December 2019.
    4. News: Ono . Yukako . CEO in the news: Thailand's M&A king lives up to his reputation with Saigon Beer deal . 17 January 2024 . Nikkei Asia . 11 January 2018.
    5. Book: Wailerdsak . Natenapha . Business Groups and the Thailand Economy: Escaping the Middle-Income Trap . 31 May 2023 . Taylor & Francis . 978-1-000-88596-5 . en.
    6. Web site: Khunying Wanna of ThaiBev dies . 17 March 2023.
    7. News: LADY WANNA, WIFE OF CHAROEN SIRIVADHANABHAKDI, HAS DIED AT 80 . 19 March 2023 . Khaosod English . 17 March 2023.
    8. Web site: โครงสร้างกลุ่มธุรกิจ . T.C.C Group . 17 January 2024 . th.
    9. Web site: Charoen Sirivadhanabhakdi . Forbes . 17 January 2024 . en.

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