Modernform Group

Modernform Group Public Company Limited (MODERN) is the manufacturer and distributor of home and office furniture based in Thailand.^[6] It is listed on the Stock Exchange of Thailand on March 11, 1992 (1992-03-11).

Modernform Group

Company type	Public
Traded as	SET: MODERN
Industry	Consumer Products
Founded	Thailand (April 3, 1980 (1980-04-03))[1]
Headquarters	699 Srinagarindra Road, Phatthanakan, Suan Luang, Bangkok , Thailand
Area served	Thailand
Key people	Kitipat Nerngchamnong (CEO & President)
Products	Furnitures
Revenue	BT฿ 2,991.78 Million (2011)[2]
Operating income	BT฿ 503.66 Million (2011)[2]
Net income	BT฿ 384.19 Million (2011)[2]
Total assets	BT฿ 3,159.30 Million (2011)[3]
Total equity	BT฿ 2,336.81 Million (2011)[4]
Number of employees	2,435 (2011) [5]
Subsidiaries	Modernform Tower, Modernform Health and Care, Xteria
Website	www.modernform.co.th

History

In 1978, Modernform Home Decorative Products was established as the first company of Modernform Group to import and distribute furniture fittings and accessories from Europe.^[7]

On 3 April 1980, Modernform Group was established as Modernform Furniture to manufacture and distribute office furniture under brand Modernform Workplace.

In 1980, Modernform started manufacturing and marketing office furniture, and subsequently expanded its business scope to cover residential furniture and kitchen units under brands Modernform Exclusive Living and Modernform Kitchen respectively.

By 1990, Modernform Group consisted of altogether nine business units, which then were restructured and consolidated as one flagship company, Modernform Group.

On March 11, 1992 (1992-03-11), Modernform became a listed company the Stock Exchange of Thailand with 892 million Baht of authorized capital and 832.35 million Baht of registered capital.^[8]