The Kaewbootta family founded the Company to provide vehicle title loans in Petchaboon province.

The business had been expanded to include larger service coverage in other provinces, marking a pioneer of the so-called car-for-cash loan segment.

Sold the existing business which included branches and the service mark to another operator in the industry.

Srisawad Power 1979(“SAWAD” or the Company) was established (formally known as PV and KK Service 2008), with the registered capital of Baht 1 million, without any business operation.

Acquired Srisawad Power Co., Ltd (SP), engaging in the debt collection business and the auto title business (with less than 100 branches).

Under SAWAD Group’s umbrella, SP expanded the debt collection and lending businesses to include 136 branches.

The Company increased the registered and paid- up capital to Baht 5 million and launched the auto- backed loans and home- backed loan business under the service slogan “Mee Baan Mee Rod Ngern Sod ThanJai”
Restructured the business by acquiring two companies, without business operation

• Srisawad Power 1982 Co., Ltd (“SP 1982”) (formally known as K.P.N Holding Co. Ltd
• Fast Money Co. Ltd. (“FM”) (formally known as J.D.T Money Service Co., Ltd)

The Company increased the registered and paid-up capital to Baht 200 million.

SP’s business was transferred to the Company after SAWAD purchased and received the transfer of loan receivables and hire purchase receivables for operation and management at the Company and SP 1982.

The branch network was expanded to include 265 branched at the end of 2011.

The Company increased the registered capital and paid-up capital from Baht 200 million to Baht 750 million.

The Extraordinary Shareholder Meeting No. 1/2013 held on 31 May 2013 approved the plan to privatize the Company to become a public company with a change of the par value from Baht 100 per share to Baht 1 per share. The Company increased the registered capital from Baht 750 million to Baht 1,000 million by raising the capital of Bath 250 million, with 250 million shares allocated for the initial public offering.

The Company was registered the privatization on 14 June 2013

As of 31 December 2013, the Company’s branch network included a total of 602 branches.

• The Company carried on the initial public offering for the total shares of 250,000,000 at a par value at Baht 1 and at a share price of Baht 6. 90 per share. In addition, the Company registered the change of the paid- up capital to Baht 1,000 million ( 1,000,000,000 shares at a par value of Baht 1) with the Business Development Department, Ministry of Commerce on 2 May 2014. Then, the Stock Exchange of Thailand listed 1,000,000,000 ordinary shares at the par value of Baht 1, with the stock trading started on 8 May 2014.
• Issued senior and unsecured bonds valued at Baht 500 million, with maturity of one year and six months, for institutional investors and high net worth investors on 30 June 2014.
• The Company founded Srisawad Asset Management Co. Ltd, with the registered capital of Baht 25 million, with holding of 99.99 percent. The new company was set to operate debt collection services and purchase distressed assets from financial institutions, with an operating license being granted by the Bank of Thailand in July 9, 2014.
• On 9 September 2014, the Extraordinary Shareholder Meeting No 3/2014 resolved to allow the Company to receive the business transfer from Srisawad Power 1982 Co, Ltd. , its subsidiary. The transaction was completed on 30 September 2014 and Srisawad Power 1982 already registered the company’ s dissolution and it has now been under the company liquidation process.
• As of 31 December 2014, the Company’s branch network included a total of 1,059 branches.

• Increased registered capital from Baht 1,000 million to Baht 1,060 million by issuing 60 million ordinary shares at the par value of Baht 1, for stock dividend amounted 20 million shares and reserve for exercised warrant amounted 40 million shares.
• Issued Warrant No. 1 (SAWAD-W1) amounted 40 million units for existing shareholders.
• Received the Nano Finance operating license granted by BOT
• Srisawad Asset Management raised its registered capital from Baht 25 million to Baht 100 million and renamed to SWP Asset Management.
• The Company founded Srisawad International Holding Co. Ltd, with the registered capital of Baht 10 million. The new company was set to be a holding company.
• The Company founded Srisawad Vietnam LLC, with the registered capital of Baht 200 million. The new company was set to operate trading service in Vietnam.
• As at 31 December 2015, the Company’s branch network included a total of 1,627 branches.

• Decreased and increased capital fund from 1,060 Million Baht to 1,086.5 Million Baht by issuing 26.5 Million ordinary shares, at the par value of Baht 1, for stock dividend amounted 25.5 million shares and reserve for adjusted exercise ratio of Warrant No. 1 amounted 1 million shares.
• The Company founded SWP Services Co. Ltd, with the registered capital of Baht 15 million for providing consultancy services to implement and manage the credit- provision process from end to end. After restructured within Group the Company sold all ordinary shares of SWP Services to Srisawad International Holding Co., Ltd. (the Company’s subsidiary)
• Established Srisawad Power 2014 Co., Ltd. with registered capital of Baht 1 million for debt collection service.
• Srisawad International Holding Co., Ltd. founded United Coastal Co., Ltd. with registered capital of Baht 1 million for being a holding company.
• The Company had invested in Bangkok First Investment & Trust Plc. for 9.84% of paid-up capital. The Company had applied and received permission to hold BFIT up to 100% from The Bank of Thailand on 27 December 2016.
• As at 31 December 2016, the Company’s branch network included a total of 2,130 branches.

• The Company had invested in Bangkok First Investment &Trust Plc. ( changed name to Srisawad Finance Plc. later) through the Company’s agent and tender offer for 36.35% of paid up capital.
• Decreased and increased registered capital from 1,086.5 Million Baht to 1,130 Million Baht by issuing 43. 5 Million shares at the par value of 1 Baht, for stock dividend payment amounted 41.8 Million shares and reserved for adjusted exercise ratio of Warrant No. 1 amounted 1.6 Million shares.
• Raised fund in Srisawad Power 2014 Co., Ltd. ( S2014) from 1 Million Baht to 2,000 Million Baht and partial business transferred and branches from the Company to Srisawad Power 2014 Co., Ltd. and S2014 started to provide loans, loan management service and debt collection service.
• Transformed the Company’ s business from lending business to holding business and changed the Company’s name to “Srisawad Corporation Plc.” for founding financial group.
• Restructured business among the Company’s group by lending agreement segregation and size of lending
• Srisawad International Holding Co. , Ltd. founded Srisawad Leasing Laos Co. , Ltd. with registered capital of Baht 12.08 million for expanding lending business to Laos.
• Warrants’ holders had exercised 50,200 units of Warrant to 53,513 registered shares in the first exercise period.
• As at 31 December 2017, the Company’s branch network included a total of 2,490 branches

• Decreased and increased registered capital from 1,130 MB. to 1,192.72 MB. by issuing 62.77 million ordinary shares at the par value of 1 Baht, for stock dividend payment amounted 60.41 million shares and reserved for adjusted exercise ratio of Warrant No. 1 amounted 2.36 Million shares.
• Increased capital in the Company’s subsidiaries and associates as follows:
  1. Increased capital in Srisawad International Holding Co., Ltd. from 10 MB. to 300 MB.
  2. Increased capital in Fast Money Co., Ltd. from 50 MB. to 150 MB.
  3. SWP Services Co., Ltd. (subsidiary of Srisawad International Holding or “SIH”) increased capital from 15 MB. to 300 MB., SIH exercised its right for 210 MB. or 75% of registered capital, the rest 25% of registered capital sold to Win Lily Pte. Ltd. which will be beneficial to the business in Myanmar.
• Moved from the Ninth Grand Rama 9 Tower to new office at Srisawad Building, Cheang Wattana Road.
• Dissolution United Coastal Co., Ltd. (a subsidiary of SIH)
• Decreased and increased registered capital from 1,192.72 MB. to 1,249.71 MB. by issuing 57 million ordinary shares at the par value of 1 Baht, for offering to specified person such as Cathay Financial Holding Co., Ltd. or its associates at the offered price of Baht 45 per share worth 2,565 MB.
• Founded P Lending Co., Ltd. to establish platform for lending business, with registered capital 5 MB. the Company held 75% of total shares, the rest 25% held by strategic partners.
• As at 31 December 2018, the Company’s branch network included a total of 2,870 branches

• Increased registered capital from 1,249.71 MB. to 1,374.66 MB. by issuing 124.95 million ordinary shares at the par value of 1 Baht, for stock dividend payment amounted 120.48 million shares and reserved for adjusted exercise ratio of Warrant No. 1 amounted 4.47 Million shares.
• Srisawad International Holding Co., Ltd. buy back shares of SWP Services Co., Ltd. from partner which cannot get along with.
• Subscribed and oversubscribed right to purchase new shares of BFIT, then make the proportion of holding of BFIT rose from 45% to 78% and make a tender offer from BFIT’s shareholders, after tender offer, the proportion of holding of BFIT increase to 82%
• Warrant holders ( SAWAD- W1) had exercised their right to purchase ordinary shares amounted 8,893,749 units, this made the paid-up capital increased 11,001,563 Baht
• Srisawad International Holding Co., Ltd. disposed its investment in Srisawad Vietnam LLC from 100% to 10% to its business partners.
• As at 31 December 2019, the Company’s branch network included a total of 4,080 branches.

• From the last exercise of SAWAD-W1, there were 29,834,500 units of SAWAD-W1 had been exercised that made the paid- up capital increased Baht 36,905,142 and SAWAD- W1 delisted and expired.
• Srisawad International Holding Co., Ltd. founded 3 companies, Srisawad Pico Narathivas Co., Ltd., Srisawad Pico Yala Co., Ltd., and Srisawad Pico Pattani Co., Ltd. for expanding PICO Finance business.
• Decreased and increased registered capital from Baht 1,374.66 million to Baht 1,428.08 million by issuing 54.93 million ordinary shares to reserve for exercise SAWAD-W2
• Issued and offered SAWAD-W2 amounted 54.93 million units to existing shareholders.
• Founded Srisawad Digital Co., Ltd. with 50 million Baht registered capital, the Company held 100% to expand lending business.
• Invested in Srisawad Capital Co., Ltd. up to 65% to expand personal loan business
• As at 31 December 2020, the Company’ s branche network included a total of 4,750 branches