# RATCH Group

RATCH Group is a Corporate Investor based in Nonthaburi, Thailand.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Nonthaburi, Thailand
- **Region:** Asia
- **Address:** 72 Ngam Wong Wan Rd., Bangkhen, Muang Nonthaburi, Nonthaburi, 11000, Thailand
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** ratch.co.th
- **LinkedIn:** https://www.linkedin.com/company/ratch-group
- **Wikidata:** Q16304435

## Regulatory record

- **Reports private funds:** No

## About

RATCH Group (BKK: RATCH) is a power-producing company founded in 2000 in Nonthaburi, Thailand. It operates through segments including domestic electricity generation, renewable energy, international power projects, and related infrastructure. The company invests in fossil fuel and renewable projects globally.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- Real Estate

## People

- Nitus Voraphonpiput — Chief Executive Officer

## Questions

### What is the relationship between RATCH Group and the Electricity Generating Authority of Thailand?

EGAT founded RATCH in 2000 and remains its largest shareholder at approximately 45 percent. The relationship gives RATCH a state-backed balance sheet while operating as a listed company with independent governance and its own investment committee. This hybrid structure is central to its ability to bid on long-dated infrastructure concessions.

### Which infrastructure concessions does RATCH Group hold?

RATCH holds concessions for two Bangkok monorail lines: the MRT Pink Line and the MRT Yellow Line. Both operate under multi-decade agreements with the Mass Rapid Transit Authority of Thailand. These represent the firm's pivot from power generation toward transport and urban infrastructure.

### Does RATCH invest outside of Thailand?

Yes, though Thailand remains the core. RATCH operates generation assets in Laos and Australia, and has pursued selective project-finance exposure across Southeast Asia. The mass transit and smart-city plays, however, are domestic and unlikely to replicate outside Thailand without a similar government-concession model.

### Who makes the investment decisions at RATCH Group?

CEO Nitus Voraphonpiput leads the executive team, with board oversight that includes EGAT representatives. As a listed company, major capital allocation decisions go through a board investment committee. Specific individual IC members beyond the CEO are not publicly disclosed.

## Related profiles

- [Raskob Foundation](https://altss.com/profile/raskob-foundation)
- [Rathbones](https://altss.com/profile/rathbones)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ratch-group

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology