Press releases

Unveiling Thailand’s Best Managed Companies 2023 winners

BANGKOK, 4 August 2023 – Deloitte Thailand is delighted to announce the 2023 Thailand Best Managed Companies. The awards program, in its third edition this year, recognises 27 exceptional private businesses in Thailand for their organisational success and contributions to their industry and the economy.

To achieve this Best Managed Companies title, businesses undergo a rigorous assessment led by a panel of multi-disciplinary and independent judges. Applicants are evaluated based on four core pillars, namely strategy, capabilities and innovation, culture, and commitment, as well as governance and financials.

This year, the prestigious award in Thailand welcomes 17 new winners who have successfully qualified as a Best Managed company for the first time, along with 10 companies who have qualified to maintain their Best Managed status year-on-year.

 

Thailand Best Managed Companies 2023 Winners
Company
Industry Sector
 Won 3 consecutive years
Better Pharma Co., Ltd.
Agriculture 
Carabao Group Public Company Limited Beverage Manufacturing & Distribution  
C.J. More Co., Ltd. Retailer, Grocery, Convenience Stores, Food & Beverage
S. Khonkaen Foods Public Company Limited
Food and beverage manufacturing
 Won 2 consecutive years
Aksorn Education Public Company Limited  
Education 
CP-Meiji Co., Ltd. Food & Beverage Manufacturing 
Magnolia Quality Development  Corporation Limited (MQDC)
Property Development
NR Instant Produce PCL (NRF)
Food & Beverage Manufacturing
Sappe Public Company Limited
Food & Beverage Manufacturing
SCGJWD Logistics PLC
Logistics service provider
 First-time winners
Asian Alliance International Public Company Limited
Human and pet food Manufacturing
Asian Sea Corporation Public Company Limited
Human and pet food Manufacturing 
Bumrungrad Hospital Public Company Limited
Healthcare
Forth Smart Service Public Company Limited Top up service provider
Ichitan Group Public Co., Ltd Food and beverage manufacturing
Jubilee Enterprise Public Company Limited Jewelry
MP Group Co., Ltd Healthcare
Origin Property Public Company Limited Property Development
Paolo Medic Company Limited Healthcare
Paolo Samut Prakan Company Limited
Healthcare
Prasit Patana Public Company Limited
Healthcare
Siam Medical Company Limited Healthcare
Thai Medical Centre Public Company Limited Healthcare
Samitivej Public Company Limited Healthcare
Taokaenoi Food and Marketing Public Company Limited Food and beverage manufacturing
Thai Union Feedmill Public Company Limited Agriculture
UAC Global Public Co., Ltd Trading, Industrial products, Oil & Gas


Subhasakdi Krishnamra, Country Managing Partner, Deloitte Thailand said, "Amidst the changing market landscape, the winners of the 2023 Best Managed Companies award have demonstrated innovation, courage, and resilience. These visionary companies have placed great emphasis on delivering exceptional value to their talent, clients, and the communities they serve. I would like to congratulate all the winners for their exceptional achievement and look forward to witnessing more milestones in the years to come."

“We are proud of the top private businesses that qualify and requalify for our Best Managed Companies award this year. These distinguished companies stand out with their innovative vision, offering best-in-class products and services, while committed to enhancing sustainability practices, fostering employee engagement, and maintaining a strong and resilient balance sheet.”, said Kamolwan Chunhagsikarn, Thailand Best Managed Companies Leader.

These Thailand winners join a global network of Best Managed Companies comprising more than 1,300 organisations from 46 countries across the Americas, Europe and Asia Pacific. They have also been invited to join the annual Southeast Asia Best Managed Companies Regional Symposium and Gala Dinner 2023 in Bangkok, Thailand on 3 August 2023, for a night of celebration, networking and marketplace recognition.

Best Managed Companies Winners’ Quotes

 

Mr. Tawan Dheva-Aksorn, Chief Executive Officer of Aksorn Education Public Company Limited

Thank you very much for the recognition. We are humbled and delighted to have received this honour for the second year. The selection process helps us reflect deeply on ourselves and the Best Managed Companies acknowledgement inspires us to keep improving further.

 

Aekarat Punnasung, Managing Director of Asian Alliance International Public Company Limited

To be recognized as one of the Best Managed Companies in 2023 by Deloitte is a great start to AAI’s new journey after being listed in the Thailand Stock Exchange. This will contribute to our trustworthiness among all stakeholders, especially our strategic partners. Our company’s intention is for all staff to operate responsibly under a common goal, to drive sustainable growth under “Level up AAI!”, our key strategy.

 

Suriya Prasatbuntitya, Chairman of the Board of Director of Asian Sea Corporation Public Company Limited

Teamwork is always our key strength. With good teamwork, we can set suitable strategies to transform our business to be more stable and profitable. To be recognized as one of the 2023 Best Managed Companies took good governance, which we believe is fundamental to drive sustainable growth.

 

Mr.Taweekiat Kukiatrat, Chief Operating Officer - Agro Business of Betagro Public Company Limited

Better Pharma is delighted and grateful to receive this award for the third consecutive year. Aligned with Betagro's purpose to help enrich people’s lives by focusing on the quality development of their products under international standards, Better Pharma aims to strengthen end-to-end farm management, customer empathy and data driven strategies to enhance business value and sustainable growth through their trademark service, "AGRO TOTAL SOLUTION".

 

Artirat Charukitpipat, Chief Executive Officer of Bumrungrad International Hospital

I am immensely proud that Bumrungrad has been recognized as one of Thailand’s Best Managed Companies. This award reflects our vision of being one of the most trusted health and wellness destinations in the region. I would like to dedicate this award to our doctors, managers, and clinical staff members. I would like to thank our patients for always trusting us. Bumrungrad is never complacent. We continuously strive to find better ways to deliver the best care possible.

 

Romtham Sathientham, Managing Director of Carabao Group Public Company Limited

As a Managing Director of Carabao Group Public Company Limited, receiving this award for the third consecutive year is further assurance to all stakeholders of the company’s proud status as a leading Thai enterprise. This prestigious award reflects our vision: “World class product, World class brand”.

 

Naruechone Athithanabune, Managing Director of CJ More Co., Ltd.

Receiving this award for the third consecutive year is a major accomplishment. This title represents the success of CJ MORE’s business model, our DNA of continuous improvement, and our team’s commitment to customers, suppliers, and community partners as key stakeholders as we continue to strive for sustainable growth.

 

Salilrut Pongpanite, President of CP-Meiji Co., Ltd.

Winning the Best Managed Companies award for the second consecutive year is proof of CP-Meiji’s continuous development in many aspects including innovation, product portfolio strategy, organization management, and our commitment to ‘enriching the life’ of everyone in the ecosystem. We strive to grow with stability and take pride in all our employees.

 

Mr. Narongsak Lertsuptavee, Managing Director of Forth Smart Service Public Company Limited

On behalf of FSMART, I’m delighted and honored to receive this award. We would like to thank Deloitte’s team for believing in us and what we do. Thank you to our customers, business partners, and investors who have supported us. Thank you to our team who works extremely hard to deliver services to our customers every day. We will continue to work hard, improve, and innovate for the sustainable growth of our company.

 

Tan Passakornnatee, President & CEO Of Ichitan Group PCL

ICHI means "One". In our case, it is not about being number 1 but "Together As One" between the company, staff, partners, consumers, and society. Over our 12-year journey, we have encountered countless challenges. Yet, we've learned to innovate, improvise, and inspire. Each time we stumble, we harness the power to rise again. Our determination fuels our pursuit toward unstoppable growth. Together, Ichitan is One.

 

Unyarat Pornprakit, Chief Executive Officer of Jubilee Enterprise Public Company Limited

It is our great pleasure to be a winner of this year’s Best Managed Companies program. Through this recognition, our efforts are highlighted, which is extremely heartening news for us. This title inspires and invigorates our management team and staff, while also encouraging them to innovate and strengthen our core competencies to become a leading diamond retailer.

 

Miss Nathporn Boonbuppa, CEO of MP Group (Thailand) Co.,Ltd

We are delighted to feature as part of the 2023 Thailand Best Managed Companies roster. The program’s lab helped us explore our potential areas of development regarding sustainable growth as well as the importance of cultivating an efficient team culture that drives innovation.

 

Mr. Visit Malaisirat, CEO of Magnolia Quality Development Corporation Limited (MQDC)

MQDC is honored to receive the Best Managed Companies award for the second year in a row, reflecting our commitment to innovating under the concept of 'Pioneering in Sustainnovation for All Well-Being' in Thai real estate. The award gives our team further encouragement to keep on creating
happiness and well-being for all life on Earth.

 

Dan Pathomvanich, CEO of NR Instant Produce PCL (NRF)

Winning the Best Managed Companies award for the second consecutive year is a testament to the unwavering commitment and dedication of our team to our mission. It validates our relentless pursuit of excellence and our ability to consistently deliver exceptional results. This recognition not only reinforces our position as an industry leader but motivates us to continue pushing the boundaries of innovation and driving sustainable growth on our decarbonization agenda.

 

Mr. Pitipong Trinurak, CEO and Executive Director of Origin Property Public Company Limited

We wholeheartedly attribute this success to our people, who have dedicated their time and efforts into our shared vision. We share this award with our employees, partners, and loyal customers, whose unwavering support has been the bedrock of our accomplishments.

 

Mr. Itti Thongtang, Senior Deputy Chief Executive Officer of Phyathai- Paolo Hospital Group

We are incredibly excited and proud to be recognized amongst some of Thailand’s best medical care providers. This award is a testament of our commitment to the journey of continued transformation. I would like to express my gratitude to Deloitte’s experts and professionals for giving us the time to thoroughly reflect on all the strategic areas that we are operating in. We are humbly honored to receive this award.

 

Jaraspon Rujirasopon, Vice Chairman and Chief Executive Officer of S.Khonkaen Foods Public Company Limited

We are deeply honored to receive this prestigious award. This recognition is a testament to the collective efforts and dedication of our incredible team. Our success is built on a foundation of passion, innovation, and unwavering commitment to excellence. This award reinforces our shared vision and motivates us to set even higher benchmarks in the pursuit of greatness.

 

Dr. Chairat Panthuraamphorn, Chief Executive Office of Samitivej Public Company Limited

As Samitivej is an organization of value, we cherish all our stakeholders and lead with transformative leadership. Together, we shape a brighter future, inspiring positive change.

 

Ms. Piyajit Ruckariyapong, Chief Executive Officer of Sappe Public Company Limited

The prestigious Thailand Best Managed Companies award guarantees the unwavering determination and willpower of SAPPE, a Thai brand with a big dream to become beloved worldwide. This achievement belongs to SAPPE and its global partners, who join forces to push Thai products and the yield of Thai farmers onto the international stage. We will carry on our endeavor to transform SAPPE into a sustainable 'Global Brand' and better people’s lives through our innovative spirit.

 

Mr.Charvanin Bunditkitsada,Director , Chairman of Executive board and CO-CEO of SCGJWD Logistics Public Company Limited

We are truly honored to receive Deloitte's 'Best Managed Companies 2023' award. This recognition reflects our relentless pursuit of excellence, innovation, and sustainable practices. With empowering boundless possibility, our team's dedication and strategic vision have been instrumental in driving our success and contributing to the industry's growth. We remain committed to delivering exceptional logistics and supply chain solutions while making a positive impact on our customers, communities, and the environment.

 

Mr. Itthipat Peeradechapan, Chief Executive Officer of Taokaenoi Food & Marketing Public Company Limited

Thank you, Deloitte and the Best Managed Companies judges, for recognizing Taokaenoi as one of the winners this year. This award not only demonstrates Taokaenoi’s commitment to excellence but also reflects the relentless efforts of our dedicated team in delivering exceptional products and experiences to our valued customers worldwide.

 

Peerasak Boonmechote, Chief Executive Officer of Thai Union Feedmill Public Company Limited

We are thankful for our first-time win, it has been a good experience joining this program. Our team had a chance to reflect on our strengths and weaknesses and the Deloitte team has given us a chance to see different perspectives. Being awarded this title encourages us towards continuous improvement.

 

Ms. Preeyaporn Tanaratset , Chief Marketing Officer of UAC Global Public Company Limited

Winning is measured not only by the successful result, but also most importantly, by how you play to win. At UAC, we are trained to do things correctly, ethically, and sustainably to ensure growth and a healthy society.

A panel of independent judges reviewed applications and selected this year’s winners. The Thailand jury members are Darutsakorn Wisootthisin, Assistant Secretary-General, Thai Bankers’ Association, Thanadej Kulpitivan, Managing Editor, BrandAge, and Dr. Pavitra Jindahra, Assistant Professor of Marketing and Lead of Data Analytics Center, Sasin School of Management, Chulalongkorn University

Best Managed is a flagship program presented by Deloitte Private, a division of Deloitte exclusively focused on serving private clients of all sizes.

Note to Editors: Some of the winners are listed companies. The term “private enterprise” is used because the majority of the company’s shares are still privately owned either directly or indirectly, which is a requisite for a company’s eligibility for the Best Managed Companies program.

About Thailand Best Managed Companies program

Best Managed Companies is a global awards program that recognises organisational excellence, success, and entrepreneurial spirit in privately held companies. This program provides a distinct framework for management teams to challenge themselves and benchmark against some of the best private companies in the world.

In its 30th year, the Best Managed Companies program has expanded to 46 countries across the Americas, Europe and Asia Pacific, with a global network of over 1,300 outstanding companies, and these companies come together as a community to build alliances and share insights.

For more information on the awards program, visit the Thailand Best Managed Companies.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

About Deloitte Thailand

In Thailand, services are provided by Deloitte Touche Tohmatsu Jaiyos Co., Ltd. and its subsidiaries and affiliates.

This communication contains general information only, and none of DTTL, its global network of member firms or their related entities is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication.

© 2023 Deloitte Touche Tohmatsu Jaiyos Co., Ltd.

Did you find this useful?