Currently, i-tel has a registered capital of 3,000 million baht, a paid-up capital of 2,400 million baht, with Thai Union as the main shareholder holding 99.78% and will reduce the proportion to 77.82% after the IPO. After I-Tel’s IPO, Thai Union will remain a major shareholder and ready to support i-tel as a subsidiary of the Thai Union Group.
In the past 3 years, i-tel has been able to generate an average annual sales growth of 15% from 10,955 million baht in 2019 to 14,529 million baht last year. This is higher than the average annual growth rate (CAGR) of the global pet food market of 5.8% over the past 5 years (2016-2021), with net profit growing from 1,695 million baht last year. 2019 to 2,721 million baht in 2021 or an average of 27% per year
i-Tel is a major pet food manufacturer and exporter. and is the leading OEM business in the production of cat and dog food in Thailand. It is also the No. 2 pet food producer in Asia and one of the top 10 pet food producers in the world. The Thai Union Group started its pet food business in 1977.
Subsequently, ITC was restructured to be a leading company in the business of manufacturing and distributing pet food products in 2021 in order to increase the business expansion potential from the current premium pet food portfolio. Over 4,600 items sold in 45 countries around the world. Covering the pet food production business for the world’s leading pet food brands