Policy and Overview of Business
The company was established in 1994 with registered capital of 5 million baht paid by JMART group. To operate business in servicing for tracking and collection of debts, sue to investigate property and compulsory execution across Thailand. The JMART group has the experience and expertise being a result from the business operation of distributing various brands of electronic appliances, prior to entering the mobile phone business. Later, the company has expanded to distressed debt management business and car loan services, respectively.
The Company was converted into a public limited company
The Company was converted into a public limited company and changed its name to JMT Network Services (Public) Company Limited on Apr. 19, 2012. On November 27, 2012 the company was listed on the Stock Exchange of Thailand.
As of December 31, 2021, the company has registered capital 764,571,745.00 baht with paid-up capital 683,655,056.00 baht divided into ordinary shares 1,367,310,111 shares with a par value of 0.50 baht per share
Company Group Structure
Currently the company has operated in core businesses, comprises of debts tracking and collection services, management of Non-performing debt, personal financial business and Insurance Broker Business.
Our company is a service provider in tracking the distressed debt in which the creditor is unable to pursue or not wishes to pursue by himself as the income received is not worth the cost of the tracking. It covers all types of debt, such as personal loan group debt, credit card group debt, utilities group debt and service fees group debt.
The Company and its subsidiary operate the business of managing distressed debt resulting from the fact that financial institutions, including some of the leasing companies have a policy to reduce the proportion of the Non-performing debt and reduce their cost in tracking the debt. Hence, has a policy to distribute such distressed debt out from the account.
The company provides different types of life insurance broker the revenue will come from the return of the commission from the premium customers.
The Company's products are divided into 2 types, namely Motor Insurance and Non-Motor Insurance.