- CEO
- Suchart Thanathitiphan
- Full Time Employees
- 196
- Sector
- Retail trade
- Industry
- Food retail
- Address
- 10/1-2 Ratchadapisek Road Bangkok BM Thailand 10900
- IPO Date
- Sep 8, 2020
- Business
- Successmore Being Public Company Limited distributes consumer products through multi-level marketing channels in Thailand and internationally; operates through four segments including Multi-Level Marketing, Distributor Sales, Rendering Services, and Providing Hire-Purchase Services; researches, develops, manufactures, and sells dietary supplements, cosmetics, daily use products, household items, agricultural goods, and innovative modern products under brands such as Nutrinal, S Mone', Body Cheer, Neatly Home, Growing More, and Smart Creation. Nutrinal offers dietary supplements including Nutriga Canza, Phytovy Liv, S Vera Plus, S.O.D More, and Brazilian Arabica Coffee; S Mone' provides facial care products such as Micellar Cleaning Water, Hemp Seed Oil Cream, and Claire Elastin Foam; Body Cheer includes daily essentials like Moonlight Eau De Perfume, Ultimatch Roll on Whitening, Ease Shower Cream, and Bella Sunflowers Daily Body Lotion; Neatly Home features concentrated laundry detergents and fabric softeners with Nano Silver; Growing More supplies agricultural fertilizers and enhancers; Smart Creation delivers modern innovative items. The company, founded in 2012 and headquartered at 10/1-2 Ratchadapisek Road, Chatuchak, Bangkok, Thailand, converted to a public company in March 2019 with 300 million Baht registered capital; maintains subsidiaries SCM Innovative Co., Ltd. for manufacturing, Success Spirit Co., Ltd. for consulting and seminars, SCM Spirit (Myanmar) Co., Ltd., and Chadhai Leasing Co., Ltd. for hire-purchase; conducts operations across seven ASEAN countries including Thailand, Myanmar, Cambodia, Laos, Vietnam, Malaysia, Singapore, and Philippines with 22 branches and approximately 150,000 active members. Recent developments include the launch of full operations at its Philippines branch in Q4 2023 following FDA approval for initial products and a grand opening event in April 2024; price adjustments starting November 2023 for 37 product SKUs to enhance accessibility and repeat purchases alongside reduced point values; continuous introduction of new high-quality products at competitive prices; a share repurchase program approved in November 2023 for up to 30 million Baht or 8.8 million shares through May 2024; proposed dividend of 0.5 Baht per share payable May 2024; and a balanced commission structure to facilitate easier earnings for new members, targeting 20% growth in 2024 under the "SCM the SECOND WAVE" theme with expanded membership to 220,000, new sponsorship campaigns, and O2O digital strategies.