THAILANDSICThailand Standard Industrial Classification

TSIC Activity

46696

Wholesale of weapons and ammunition

ประกอบกิจการ การขายส่งสินค้าเกี่ยวกับอาวุธยุทโธปกรณ์ การขายส่งอาวุธปืน อุปกรณ์หรือส่วนประกอบของอาวุธปืน กระสุนปืน อุปกรณ์หรือส่วนประกอบของกระสุนปืน ยุทโธปกรณ์อื่นที่ใช้ในการรบ อุปกรณ์ หรือ ส่วนประกอบข

What this activity covers

Companies engage in the wholesale trade of weapons, ammunition, and military equipment.

  • Firearms — Wholesale of firearms and related accessories
  • Ammunition — Wholesale of gun bullets and accessories
  • Military Equipment — Wholesale of military equipment and components
  • Explosives — Wholesale of explosives and gunpowder
  • Defense Supplies — Wholesale of defense equipment

What companies here also do

Seen in real company registrations under this code — beyond the official definition, so licensing may differ.

  • Leasing Military Equipment — Providing leasing services for military equipment
  • Government Contracts — Bidding for and supplying to government agencies

Foreign ownership

List 3: Restricted, FBL/BOI route availableinherited from 46

Wholesale of goods of all kinds, where the minimum capital per store is below the level prescribed in the Act

Not a hard restriction — only applies while under-capitalised. A foreign-majority wholesaler is exempt from this List 3 item (no Foreign Business Licence needed) once minimum registered capital reaches the Act's threshold, typically THB 100 million per store. Verify current ministerial-regulation figures.

FBA B.E. 2542, List 3 (15)Routes: Foreign Business Licence, BOI promotion, US Treaty of Amity

Auto-mapped, verify against the Act. These TSIC mappings are indicative, not legal advice; the schedules of the Foreign Business Act B.E. 2542 are the authority. See the full foreign ownership reference.

Industry at a glance

as of 23 ก.ค. 69

The whole registered industry under this activity, every registration year, from the DBD DataWarehouse.

379
active companies operate here
฿1.6Bregistered capital, combined
฿1.8B
Sector revenue · 2025
-32% since 2023
฿40.9M
Net profit · 2025
152 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
50%of new registered capital is foreign-held
฿5.0M foreign฿5.0M Thai

Based on few new registrations this year — read as a rough signal only.

New in 2026

4-69.2%

registrations, YTD

Registered capital

฿1.6B+24.4%

since year-end

Largest by revenue

Latest filed-year revenue, not a multi-year total

  1. 1Jatunpat Co., Ltd.฿161.4M
  2. 2RTL Equipment Co., Ltd.฿153.5M
  3. 3Wasurat and Associates Co., Ltd.฿152.9M
  4. 4Krungthai Defense Co., Ltd.฿140.0M
  5. 5Royal Defense Co., Ltd.฿132.5M

Largest by registered capital

  1. 1Jatunpat Co., Ltd.Nakhon Pathom฿328.0M
  2. 2Gaston Automation Co., Ltd.Bangkok฿100.0M
  3. 3Figo Technology and Engineering Co., Ltd.Bangkok฿70.0M

Source: Department of Business Development DataWarehouse. Financial figures are combined totals of companies that filed statements; revenue and profit shown for the latest three reporting years.

Companies registered since 2022

Browse all

New DBD registrations under this activity since 2022, the period the registry snapshot covers, not the full historical register.

76
Registered
since 2022
64
Still active
12
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 25 in 20222026

Largest active companies by registered capital

Source: Department of Business Development (DBD) new-registration records, 2022 to present. Counts cover companies first registered in that window, reflect the latest snapshot load, and may lag the live register.

Emerhub

Restricted activity? There is usually a route.

Emerhub structures foreign-owned companies around FBA restrictions: Foreign Business Licence applications, BOI promotion, and compliant shareholding structures. Talk through your case before you commit to one.

Talk to Emerhub Thailand