Miss Grand International (MGI PCL) is a Thai conglomerate founded in 2013 by Nawat Itsaragrisil, headquartered in Bangkok, Thailand.[3] It comprises numerous businesses in various industries of advertisement, cosmetics, entertainment, events, health products, processed food, and talent management.[4][5][6][7]
Initially, it was only responsible for the management of the Miss Grand Thailand and Miss Grand International pageants but was later expanded and diversified into other business sectors in the late 2010s.[4]
The company was established as a limited company on November 6, 2013, with an authorized capital of one million Bath, and is chaired by Nawat Itsaragrisil,[3] a Thai television host and producer who had previously served as producer of Miss Thailand World for BEC-Tero. After ending his role with BEC-Tero, Nawat signed a business partnership with Channel 7 and subsequently established his national pageant, Miss Grand Thailand, in mid-2013 and the newly established international pageant, Miss Grand International, which was managed by the Miss Grand International Co., Ltd..[5][8]
Alongside its flagship beauty pageant, the company eventually expanded and diversified into the food-processing and cosmetics industries in 2018 as well as the talent management sector in 2019,[4] which led the company to increase its authorized capital to 50 and 75 million Baht in 2020 and 2022, respectively.[6][7]
The MGI Co., Ltd. was transformed into a public limited company with a registered capital of 105 million Baht on June 15, 2022, and was listed on the Market for Alternative Investment (MAI) on December 14, 2023.[4][9][1] In the corporation with Karmarts, its subsidiary, KMGI Co., Ltd., was established in February 2023 to be responsible for the cosmetics section specifically.[2]
Miss Grand International PCL and its subsidiary is summarized as the 5 core businesses as follows;[10]
Initially, the company CEO Nawat Itsaragrisil together with the deputy Ratchaphol Chantaratim held a 99.99 percent stake,[6][9][11] but that was decreased to 71.42 percent after an initial public offering (IPO) in late 2023.[6][9][12]
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