THAILANDSICThailand Standard Industrial Classification

TSIC Activity

49201

Transport via buses within Bangkok and vicinities

ประกอบกิจการรับค่าสัมปทานการเดินรถ

What this activity covers

This activity involves providing passenger transport services via public buses in Bangkok and nearby areas.

  • Public bus services — Transporting passengers on fixed routes
  • Urban transportation — Services within city limits
  • Suburban transportation — Services in surrounding areas
  • Scheduled bus services — Operating on set timetables
  • Fixed pick-up/drop-off — Designated boarding and alighting points

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.

144
active companies operate here
฿3.9Bregistered capital, combined
฿3.9B
Sector revenue · 2025
+80% since 2023
฿-3489620019
Net profit · 2025
49 profitable
202320242025

net profitrevenue

Foreign investment

new registrations · 2026 YTD
0%of new registered capital is foreign-held
฿0 foreign฿2.0M Thai

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

New in 2026

2+100.0%

registrations, YTD

Registered capital

฿3.9B+1.9%

since year-end

Largest by revenue

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

  1. 1Thai Smile Bus Co., Ltd.฿1.5B
  2. 2Smart Bus Co., Ltd.฿1.1B
  3. 3K-Man Distribution Co., Ltd.฿194.7M
  4. 4V.S. Matching Co., Ltd.฿121.2M
  5. 5Khun Anan & K-Man Service Co., Ltd.฿98.6M

Largest by registered capital

  1. 1Smart Bus Co., Ltd.Bangkok฿1.0B
  2. 2Thai Smile Bus Co., Ltd.Bangkok฿1.0B
  3. 3Thai Smile Boat Co., Ltd.Bangkok฿541.5M

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.

10
Registered
since 2022
10
Still active
0
Dissolved
฿1.0M
Median capital
of active

New registrations per year

2022peak 5 in 20242026

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