A provider of short-term working capital, Dhanamitr Factoring Plc has developed a successful niche by targeting small- and medium-sized (SME) suppliers of modern trade stores, with an ambitious goal to double its profits this year.
Founded in 1997 with registered capital of 20 million baht (US$480,000), Dhanamitr provides funds to clients by purchasing their receivables at a discount. Among its clients are suppliers to Central Department Store, Big C, Tesco Lotus, Carrefour, Makro and 7-Eleven stores.
The company's largest shareholders are the Chirathivat family, the major shareholders of the Central Group, with 48%, the Thanasathapana Group with 8%, Siam Commercial Bank and the Hongratanawijit Group with 4% each. The remaining shares are held by general investors following Dhanamitr's initial public offering (IPO) and listing last month on the Market for Alternative Investment.
