THAILANDSICThailand Standard Industrial Classification

TSIC Activity

49110

Passenger rail transport, interurban

ประกอบกิจการให้บริการรับจ้างขนคน ด้วยรถบัส รถโค้ช รถทัวร์ หรือยานพาหนะอื่น ที่ไม่ระบุเส้นทางประจำ

What this activity covers

This activity involves intercity rail passenger transport, including sleeper cars and food services.

  • Intercity rail transport — Transportation of passengers between cities
  • Sleeper car operation — Providing sleeping accommodations on trains
  • Food service on trains — Serving meals and refreshments to passengers

Not included here

  • Passenger transportation in urban and suburban areas, see sub-group 4920
  • Passenger transport station activities, see subgroup 5221
  • Operation of sleeper vans and supply vans, which are separate operations, see subclasses 5590 and 5610.

Foreign ownership

List 2: Restricted, Cabinet routeinherited from 49

Domestic transportation by land, water or air, including the domestic airline business

Domestic transportation only. International carriage falls outside this item, and sector laws impose their own foreign shareholding caps.

FBA B.E. 2542, List 2, Chapter 1 (2)Routes: Cabinet permission, 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.

14
active companies operate here
฿15.0Bregistered capital, combined
฿52.6M
Sector revenue · 2025
+148% since 2023
฿-42922609
Net profit · 2025
6 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿200K Thai

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

1 of the 5 largest companies here are foreign-owned Thailand subsidiaries.

New in 2026

1+100.0%

registrations, YTD

Registered capital

฿15.0B+0.1%

since year-end

Largest by revenue

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

  1. 1THANAPOKHAPATTANAPICH LIMITED PARTNERSHIP฿17.8M
  2. 2Nawarat Express Co., Ltd.฿15.9M
  3. 3LIGHTNING SCP TRANSPORT CO., LTD.฿6.4M
  4. 4CHANANI DA TRANSPORT CO., LTD.฿5.3M
  5. 5Hopewell (Thailand) Co., Ltd.intl฿4.8M

Largest by registered capital

  1. 1Hopewell (Thailand) Co., Ltd.intlBangkok฿15.0B
  2. 2Top Consultant and Service Co., Ltd.Chon Buri฿6.0M
  3. 3Golden West Management Co., Ltd.Chon Buri฿5.0M

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.

1
Registered
since 2022
1
Still active
0
Dissolved
฿200K
Median capital
of active

New registrations per year

2026peak 1 in 20262026

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