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Gulf Development PCL (GULF) is a holding company that invests in energy, infrastructure, and digital businesses. Its activities include power generation, natural gas supply, renewable energy, logistics infrastructure, telecommunications, digital services, and satellite investments. The company serves government electricity agencies, industrial and commercial customers, power plants, telecommunications subscribers, households, enterprises, and public-sector organizations across energy, manufacturing, transport, and digital applications. Its distribution and operating networks include mobile and broadband infrastructure, electricity sales through government utilities, natural gas connections linked to PTT infrastructure, and port and motorway facilities. The company operates across Thailand, with energy and infrastructure investments in Lao PDR, Vietnam, Oman, the US, Germany, and the UK. GULF is headquartered in Bangkok, Thailand.
Headquarters
Thailand
Address
87 M.Thai Tower 11th Floor, All Seasons Place, Wireless Road, Lumpini, Bangkok, Bangkok (Krung Thep Maha Nakhon), 10330
Website
www.gulf.co.th
Telephone
66 02 0804499
No of Employees
1,473
Industry
Power
Ticker Symbol & Exchange
GULF (BAK)
Revenue (2024)
$3.0B
-18.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
274.1%
(2024 vs 2023)
Market Cap*
$26.6B
Net Profit Margin (2024)
XYZ
357.3%
(2024 vs 2023)
* As of and is in US$
Gulf Development PCL premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Natural gas | Telecommunication Services |
| Electricity | Electricity Generation and Supply |
| Municipal Waste Disposal | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In December, the company signed a long-term LNG sales agreement with Eni to promote a diversified global portfolio and secure stable, multi-year relationships in international markets. |
| 2025 | New Products/Services | In December, Gulf Renewable Energy Company Limited launched two solar power projects in Thailand with a combined capacity of 109.7 MW, supplying electricity to the Electricity Generating Authority of Thailand. |
| 2025 | Contracts/Agreements | In October, the company and Advanced Info Service Public Co. Ltd. partnered with Microsoft to combine GULF’s renewable power and AIS’s telecom services to meet clean-energy demand for data centers in Thailand. |
Competitor Comparison
| Key Parameters | Gulf Development PCL | Glow Energy Public Co Ltd | Solartron Public Co Ltd | ENVIMA (Thailand) Co Ltd |
|---|---|---|---|---|
| Headquarters | Thailand | Thailand | Thailand | Thailand |
| City | Bangkok | Bangkok | Bangkok | Suan Luang |
| State/Province | Bangkok (Krung Thep Maha Nakhon) | Bangkok (Krung Thep Maha Nakhon) | - | Bangkok (Krung Thep Maha Nakhon) |
| No. of Employees | 1,473 | 800 | 128 | - |
| Entity Type | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Viset Choopiban | Chairman | Executive Board | 2017 | 79 |
| Sarath Ratanavadi | Chief Executive Officer; Director; Vice Chairman | Executive Board | 2017 | 59 |
| Yupapin Wangviwat | Chief Financial Officer; Director | Executive Board | 2018 | 56 |
| Porntipa Chinvetkitvanit | Deputy Chief Executive Officer; Director | Executive Board | 2017 | 62 |
| Boonchai Thirati | Deputy Cheif Executive Officer; Director | Executive Board | 2017 | 70 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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