Commenced import of cosmetic, skin care and other consumer products for distribution in various channels under “Karmarts” trademark, and concurrently operated automobile and NGV businesses which were launched in previous years
Achieved annual sales growth exceeding 100% in “Karmarts” cosmetic business
Officially updated company’s name from Distar Electric Corporation Public Company Limited to Karmarts Public Company Limited with the Stock Exchange of Thailand
Strategized manufacturing and distribution of cosmetic, skin care and consumer products as primary business
Expanded distribution channels and ventured into export markets with Asian countries as key focus
Enhanced overseas distribution through strategic alliances with high potential business partners; Commenced product Research and Development under “JKOS Laboratory Company Limited” which focuses on manufacturing of cosmetic, perfume, beauty appliances and accessories; Embarked real estate business with “The Iconic Property Company Limited” as an alternative to the company’s investment portfolio
Established joint venture with Karmarts Vietnam Company Limited as part of key expansion plan
On 20 January 2016, the Company paid for an investment in Karmarts Vietnam Company Limited, registered and established in Vietnam, in a total of USD 98,000 or approximately Baht 3.56 million. As a result, the Company holds 49% of the issued and paid-up shares of USD 200,000 in this company. The Company has recorded the investments in this company as investments in joint venture since the investment date. This company’s operation period is 50 years, starting from the date of incorporation, 9 October 2015.
Added on warehousing facility and set up additional cosmetics packaging and assembly factory to gain more control over quality, capital and production time to better respond to the rising growth in the market.
Achieved modernized look by rebranding the Corporate logo and Karmarts shop to better position the Company and its core businesses as well as meeting consumers’ changing preferences and demands.
Established Cosmetic Product Packing and Assembly Departments to further enhance the Company’s competitiveness and build resilience towards any external event which may produce adverse effects on operations.
Acquired production machinery and commenced the production of surgical mask due to the shortage of mask in domestic market which is an essential tool in preventing and mitigating the ongoing outbreak of novel coronavirus (COVID-19) in early 2020.
On 15 October 2021 and 12 November 2021, the Company invested in Pa Donphutsa Company Limited through the purchase of 200,000 shares at par value of THB 100 per share. With that, the Company now holds 86% of the issued and paid-up shares, and officially positioned this entity as its subsidiary in the environmental protection industry. On 11 November 2021, the Company also paid for an investment in KFJ Global Company Limited, acquiring 99% of the issued and paid-up shares of 100,000 shares at par value of THB 100 per share, henceforth also positioning the entity as its subsidiary which also serves as another house brand in the beauty industry.