Kirit ShahKirit Shah is a Thai billionaire of Indian origin who controls the GP Group empire and founded Precious Shipping Public Company Limited (PSL), one of Thailand's largest dry bulk shipping firms. Their vessels often have names ending with "Naree," such as Mayuree Naree.
According to Forbes data for 2024-2025, the Shah family ranks among Thailand's leading billionaires.
Total assets: approximately 35,000 - 37,000 million baht.
Wealth ranking: consistently in Thailand's top 40 richest billionaires.
His conglomerate is highly diversified, encompassing more than 100 affiliated companies domestically and internationally.
In Thailand (listed on the Stock Exchange):
Precious Shipping (PSL): core shipping business.
Mega Lifesciences (MEGA): well-known pharmaceutical and supplement company (brand Mega We Care).
Christiani & Nielsen (CNT): major construction contractor.
Golden Lime (SUTHA): producer of white cement and chemical products.
Other businesses and overseas:
Aviation: joint venture in MJets, a leading private jet company in Thailand.
Trading: started in commodity trading (rice, corn, sugar) exporting to the Middle East and Africa.
Software and technology: investments in software companies and mining businesses abroad, including India and Singapore.
Nishita Shah is Kirit's eldest daughter and heir to the GP Group empire as Group Managing Director. Their relationship is not only familial but also a crucial business partnership.
Visionary succession: Kirit has said he encourages his children to study anything as long as it relates to "business" to return and 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, representing her father, and is a key driver in transitioning the business portfolio from her father's generation to the digital era.
Personal interests: despite a strict business focus, Nishita also has a passion for fashion (brand Nsha), which Kirit supports, allowing her to build her own reputation.
Kirit often appears alongside Nishita at major events; together, they symbolize the Shah family’s unity and their evolution from rice traders to a multi-billion-baht business group today.
**Who controls the Strait of Hormuz? Thai ships use this route to transport key goods to Europe.