- CEO
- Suthat Ruangsuttipap
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Bangkok Thailand
- IPO Date
- Sep 30, 2025
- Business
- Ngernturbo Public Company Limited is a Thailand-based non-bank financial services provider that delivers retail lending and insurance brokerage solutions to individual consumers, micro-entrepreneurs, and unbanked or underbanked customer segments. The company operates through two primary business segments: Financial Services and Insurance Brokerage. Its core lending and credit offerings include vehicle title loans secured by motorcycle, passenger car, commercial truck, and agricultural tractor registrations; land and property title deed loans secured by residential, commercial, and agricultural land; unsecured nano-finance facilities for business operations and working capital; and installment financing programs. Through its insurance brokerage operations, the company distributes a systematic range of non-life and life insurance products, including compulsory and voluntary motor vehicle insurance; personal accident insurance; health insurance; fire and property insurance; and credit life protection policies. Ngernturbo provides its financial solutions across Thailand via an extensive network of physical branch locations supported by digital servicing channels.
Founded on July 26, 2017, Ngernturbo Public Company Limited is headquartered in Pak Kret District, Nonthaburi Province, Thailand. The company conducts its diversified operations through several operating subsidiaries, including Ngern Turbo Insurance Broker Company Limited, which manages life and non-life insurance distribution; Ngern Turbo Pay Later Company Limited, which operates point-of-sale financing and installment services; Ngern Turbo Development Center Company Limited, which oversees corporate training and operational development; NTBX Company Limited; and Lazy Lazy Company Limited, which provides specialized insurance consulting and advisory services.
In recent developments, Ngernturbo completed its initial public offering and officially listed its shares on the Stock Exchange of Thailand in September 2025 under the ticker symbol TURBO, raising capital to fund loan book growth and technological enhancements. The company maintains a strategic alliance with KASIKORNBANK Public Company Limited through its investment arm, KASIKORN VISION Company Limited, which holds a minority equity interest to support collaborative initiatives promoting broad-based financial inclusion. In addition, Ngernturbo is executing an aggressive geographic expansion strategy targeting a branch network of over 1,450 locations by 2029 while accelerating investments in automated credit-decisioning systems, mobile application capabilities, and expanded consumer pay-later financing options.