WE ARE GP GROUP

WE ARE GP GROUP

The GP Group believes in having a shared vision and core values

that guide the way for our leaders.

Vision

To provide an opportunity for new and rising ventures
to become established businesses with the right capital and expertise.

Mission

To nurture the best talents, ideas, and companies by seeding and empowering entrepreneurs to successfully manage their businesses on a daily basis, while increasing their stake in the organizations as they go along.

Values

 

Passion for excellence
Clever risks
Empowerment
Integrity
Rewarding results
Adaptability
Global vision
CSR

Our History

Key Events That Have Shaped the GP Group for Over a Century

1868
1918
1976
1980s
1990s
2000s
2013
1868

GP Group was officially founded in Yangoon, Myanmar Named after two men, a merchant and his son – Ketsee and Devjee – the company was called Gangjee Premjee & Co, and specialized in trading rice sourced from Burma, Vietnam, and Thailand.

1918

Gangjee Premjee & Co moved its operational base to Thailand and Premjee’s only son Chimanlal became the only non-Chinese rice trader in Bangkok.

The Premjee family later adopted the surname “Shah,” which means “merchant” or “trader” in the West Indian region of Gujarat. Chimanlal then became widely known as “the Shah of Bangkok” for his hospitality, extending an open-door policy to the local Indian community.

1976

Chimanlal’s son, Kirit, was encouraged by his father to travel the world for fresh ideas and to meet with present and prospective customers. He returned from the trip with a realization that the company needed diversification. Thanks to his vision, Gangjee & Premjee & Co began dealing in a wide variety of commodities.

1980s

When Kirit was appointed Chairman of the Group, he continued to diversify, adding heavy industries such as coal and steel, to consumer goods like cooking oil and canned goods to the portfolio. He also formed new companies including the first Thai enterprise to manufacture raw pharmaceutical chemicals.

Kirit also guided the launch of Precious Shipping Ltd., the first dry bulk company to sail its way onto the Stock Exchange of Thailand.

1990s

The company was renamed to G Premjee. It added real estate and construction ventures to its portfolio. By 1996, G Premjee owned or had interests in over 150 different companies. The company, now called the GP Group, enjoyed a remarkable recovery during the Asian Economic Crisis of 1997.

2000s

2002

After graduating from Boston University, Kirit’s eldest daughter Nishita joined the Shah family business, serving as the director on various boards ranging from shipping and mining to pharmaceuticals and aviation.

2006

With 44 vessels, Precious Shipping Ltd. became Thailand’s second largest shipping company. Its financial performance was ranked no. 1 internationally by the prestigious Marine Money magazine.

2007

Nishita was appointed Managing Director of the GP Group. She became the Group’s new public face and was also included on the Top 20 list of richest tycoons by Forbes Asia. 

2013

Chairman Kirit Shah turned 60, while the company celebrated 145 years of its success as a family business.

 

Our Animated History