HYLIFE GROUP

TIMELINE

Year 2018
  • Hylife Developments Co., Ltd. was established in Chiang Mai with an initial share capital of two million Thai Baht. The primary focus of the company is the development of residential units.
Year 2019
  • Hylife Developments Co., Ltd. increased its share capital to one hundred million Thai Baht. This expansion facilitated new land acquisitions and marked the initiation of a new low-rise condominium project named HyCondo Thasala Phase I. The projected sales value for this project was 169,000,000 Thai Baht.
Year 2020
  • Hylife Developments Co., Ltd. initiated the construction of its second condominium project, named HyParc Residences Hang Dong Phase I, through a joint venture partnership. The projected sales value for this project was estimated at 271,000,000 Thai Baht.
  • Hylife Property Development Co., Ltd. was founded in Chiang Mai with an initial share capital of two million Thai Baht. The primary focus of this company was the development of land for commercial and mixed-use purposes.
  • Dr. Hygiene Medical Products Co., Ltd. was established in Chiang Mai with an initial share capital of thirty million Thai Baht. The primary focus of this company was the manufacturing of medical products.
Year 2021
  • Hylife Developments Co., Ltd. embarked on its third project, involving the development of luxury villas, as a joint venture named HyLuxe Maerim. The projected sales value for this project is 311,000,000 Thai Baht.
  • Hylife Property Development Co., Ltd. expanded its portfolio by acquiring hotels and land parcels with the potential for hotel development. The total value of these acquisitions exceeded five hundred million Thai Baht. In response to this growth, the company increased its share capital to 201,000,000 Thai Baht. Additionally, the company successfully secured a bid for a prime land parcel auctioned by Thai Airways. Situated in a highly desirable location directly opposite the Chiang Mai International Airport, this acquisition presents valuable opportunities for development and expansion.
  • Hylife Asset Co., Ltd. was established in Chiang Mai with a share capital of one hundred million Thai Baht. The main focus of this company is to provide collateral-backed mortgages and to purchase fixed assets with the right of redemption (Kai Fak).
  • Pinnacle Asset Management Co., Ltd. was established in Chiang Mai with a share capital of 35,400,000 Thai Baht. The focus of this company was purchasing Non-Performing Loan (NPL) portfolios in Thailand and investing in receivables purchases. The primary focus of this company is debt collection.
  • Hylife IBC Co., Ltd. was established in Chiang Mai with a share capital of twenty million Thai Baht. Hylife IBC is a Board of Investment (BOI) promoted company. This company serves as the parent holding company for all existing subsidiaries, as mentioned above, as well as new subsidiaries, as mentioned below. The main purpose of Hylife IBC Co., Ltd. is to provide services including but not limited to accounting, finance control, Legal Assistance, HR, QMS, IT support, and direction.
  • Dr. Hygiene Medical Products Co., Ltd. increased its share capital to 42,530,000 Thai Baht to facilitate expansion. Additionally, the company successfully obtained Board of Investment (BOI) approval for the manufacturing of medical-grade masks. Subsequently, the company launched its new office and warehouse, designed with maximum capacity to produce eighteen million masks annually. Dr. Hygiene was honored with the Rising Star Award from Lazada TOP 9.9 Seller in 2021.
Year 2022
  • Hylife Developments Co., Ltd. launched the HyCondo Thasala Phase I for sale and was honored with the prestigious FIABCI-Thai PRIX D'EXCELLENCE Award 2022 in the category of residential condominiums. This recognition specifically acknowledges the excellence of its HyCondo Thasala Chiang Mai project.
  • Hylife Property Development Co., Ltd. launched Radateeree Boutique Resort Hotel Management and commenced operations of its sheep farm.
  • HA Construction Co., Ltd. was established in Chiang Mai with a share capital of one million Thai Baht. The main purpose of the company is to serve as the design and build arm of Hylife Asset Co., Ltd. Additionally, HA Construction Co., Ltd. engages in property management, maintenance, renovation, additions and alterations, design and build projects targeting the low- to mid-tier market segment.
  • Pinnacle Assets Management Co., Ltd. applied for a debt collection license.
  • Hygiene Medical Products Co., Ltd. signed a contract with Orex Trading Co., Ltd. for the distribution of 3C brand masks in 2022. Furthermore, the company acquired new land and inaugurated a new factory as part of its latest developments. In addition to these advancements, the company implemented SAP B1 for enhanced operational efficiency. Moreover, the company has expanded its production to include KF-94 masks.
  • Hylife Global Food Co., Ltd. was established in Chiang Mai with a share capital of 112,500,000 Thai Baht. The main purpose of the company was to expand as a processed food manufacturer and exporter. Additionally, the company was granted approval from the Board of Investment (BOI) committee on the 6th of September 2022.
Year 2023
  • Group CEO, Mr. Shubhodeep Das of Hylife Group, won the CEO Thailand Award in 2023, leading the Hylife Group to become the business leader in Chiang Mai's private sector across various sectors such as real estate, mortgages, debt rehabilitation, food processing, and medical supplies. The award was arranged by the Broadcaster and Journalist's Assembly of Thailand (BJ.AT) to honor the best CEO in Thailand.
  • Hylife Group has initiated plans for an Initial Public Offering (IPO) and intends to appoint KPMG as the external auditor.
  • Hylife Developments Co., Ltd. was the winner of Dot Property Thailand 2023 for the best lifestyle condominium in Chiang Mai, particularly for its HyParc Residences in Hang Dong.
  • HA Construction Co., Ltd launched Zentana Villas Baan Tawai, a 12 -unit single storey villa with a project value of 30,000,000 Thai baht, and Zentana Townhome Suthep, a 5-unit 3 storey Townhouse with a project value of 20,000,000 Thai Baht.
  • Pinnacle Asset Management Co., Ltd. has successfully won the bid for the non-performing loan (NPL) portfolio of Toyota Leasing (Thailand) Co., Ltd., valued at 500 million baht. Additionally, the company has signed agreements to purchase NPL portfolios from BMW and Orico Auto Leasing (Thailand) Co., Ltd., with a total value of 600 million baht. million Thai Baht.
  • Hyfirst Co,.Ltd. was established in Chiang Mai in 2023 with a registered capital of one million Thai Baht. The company provides consulting and various financial services for customers in all career fields.
  • Dr. Hygiene Medical Products Co., Ltd., received an award at the Best Biz and Products Awards 2023. The event was organised by the Council Network for Promotion of Business and Economic Development Institute of Thailand and ASEAN Network Thailand.
  • Hylife Global Food Co., Ltd. joined the Business Network International (BNI) of Chiang Mai as a member of the winner chapter. Additionally, the company commenced the construction of the Doi Lor factory, which received support from the Board of Investment (BOI) amounting to 422 million Thai Baht. Furthermore, the company participated for the first time in THAIFEX-Anuga Asia 2023 and promoted its products FreshCo and FunCo.
  •  
Year 2024
  • Hylife Group appointed individuals to key positions, including Internal Audit, Financial Analyst, and Underwriter. Additionally, the company initiated the filing of applications and documents with the Securities and Exchange Commission (SEC). Furthermore, the group relocated to the new office building, HyWork Maehia.
  • Hylife Developments Co., Ltd. has initiated the launch of several projects, including the shophouse development Hytown Maehia with a project value of 187,000,000 Thai Baht and the low-rise condominium project HyCondo Iconic Thasala Phase 2 with a project value of 530,000,000 Thai Baht.
  • Hylife Global Food Co., Ltd. participated as an exhibitor at Gulfood Dubai with support from the Department of International Trade Promotion (DITP). Additionally, the company plans to open the Doi Lor factory in the second half of the year.
Year 2026
  • Hylife group plans to launch an IPO.