Kirit Shah is a Thai billionaire of Indian heritage who controls the GP Group empire and founded Precious Shipping Public Company Limited (PSL), which owns Thailand's largest dry bulk cargo fleet. Their ships often have names ending with "Nari," such as Mayuri Nari.
According to Forbes data for 2024-2025, the Shah family ranks among the top Thai billionaires.
Total assets: approximately 35,000 to 37,000 million baht.
Wealth ranking: consistently among Thailand's top 40 richest billionaires.
Their business is highly diversified (a conglomerate) spanning over 100 affiliated companies both domestically and abroad:
In Thailand (listed on the Stock Exchange):
Precious Shipping (PSL): the core shipping business.
Mega Lifesciences (MEGA): a renowned pharmaceutical and dietary supplement company (brand Mega We Care).
Christiani & Nielsen (CNT): a major construction contractor.
Golden Lime (SUTHA): producer of white cement and chemical products.
Other businesses and international ventures:
Aviation: joint venture in MJets, a leading private jet company in Thailand.
Trading: started from commodity trading (rice, corn, sugar) exporting to the Middle East and Africa.
Software and technology: investments in software companies and mining businesses overseas, such as in India and Singapore.
Nishita Shah is Kirit’s eldest daughter and heir to the GP Group empire as Group Managing Director. Their bond is not only familial but also a vital business partnership:
Visionary successor: Kirit has said he encourages his children to study anything as long as it relates to "business" to eventually manage the family enterprise. Nishita graduated in business administration from Boston University and began assisting her father at a young age.
Trust: Nishita is the largest individual shareholder in Precious Shipping on behalf of her father and plays a key role in transitioning the business portfolio from the older generation to the digital age.
Personal interests: Although focused on business, Nishita is passionate about fashion (brand Nsha), which Kirit supports, allowing her to build her own reputation.
Kirit often appears alongside Nishita at important events, and together they represent the Shah family’s unity and expansion from rice traders to a multi-billion-baht business group today.