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14 MAY 26

TBN IPO: Driving Thailand as Asia’s Low-Code Hub with Mendix Tech | TBN

TBN Corporation PLC CEO Panayu Sirikrachangsri has unveiled a bold vision to elevate Thailand into Asia’s premier Low-Code hub. Fueled by fresh capital from its fundraise, the company is set to scale its workforce and accelerate the deployment of Mendix Low-Code technology, a sector expanding at an impressive 25% annually. This strategic movement addresses the surging demands of modern enterprises seeking rapid digital transformation paired with international quality standards.

The Low-Code Revolution: 25% Annual Growth Forecast

With over 18 years of specialized expertise in Mendix, TBN is perfectly positioned to capitalize on the 25% average annual growth rate of Low-Code technology. As projections suggest that 70% of global applications will be developed using Low-Code by 2025, TBN’s mission is clear: to establish Thailand as the Low-Code Hub of Asia.

IPO and Strategic Capital Allocation for 2025

TBN is set to offer 25 million IPO shares (representing 25% of its total equity) for listing on the Market for Alternative Investment (mai). The capital raised will be strategically utilized by 2025 to:

Scale Workforce Potential: Increase the developer headcount from 150 to a powerhouse team of 500-1,000 highly qualified experts.
Infrastructure Development: Invest in advanced digital systems and facilities to accommodate large-scale enterprise projects.
Working Capital: Boost competitiveness in the rapidly evolving Digital Transformation market.

RECENT POSTS

14 May 26
News

TBN IPO Roadshow Success: Thailand’s Low-Code & AI-Driven Leader Set for mai Listing | TBN

TBN Corporation PLC has revealed its core strengths during the TBN IPO Roadshow, highlighting the rapid growth of the new tech stock after clocking a stellar gross profit margin of 42% in Q1/2023. CEO Panayu Sirikrachangsri outlined his strategic vision to leverage Mendix Low-Code and AI-driven platforms to revolutionize the digital solutions industry. By operating as a comprehensive One-Stop Service provider, TBN is fully positioned to accelerate its business expansion and capture high-growth opportunities across the regional market.
14 May 26
News

TBN Powers BTS Group’s Digital Transformation with Mendix Low-Code Training | TBN

TBN Corporation PLC, led by its executive team, has officially launched the Mendix Low-Code Training program for over 50 developers from BTS Group and the Rabbit network. This strategic initiative aims to establish a new benchmark for rapid, high-performance software development. The collaboration further solidifies the business alliance following BTS Group's major 25% equity acquisition in TBN.
14 May 26
News

TBN at National Coding Day 2023: Will Low-Code Replace Programmers? | TBN Corporation

Panayu Sirikrachangsri, CEO of TBN Corporation PLC, the sole provider of Mendix Low-Code technology in Thailand, shared his strategic vision at National Coding Day 2023. Addressing the critical industry question, "Will Low-Code replace programmers?", Sirikrachangsri provided deep insights into the future trends of digital transformation and the evolving landscape of software development.
14 May 26
News

TBN Partners with OCSC and NIDA to Empower e-Government with Low-Code | TBN

In a major stride toward e-Government, TBN Corporation PLC, led by CEO Panayu Sirikrachangsri, has partnered with the Office of the Civil Service Commission (OCSC) and the National Institute of Development Administration (NIDA). This strategic alliance aims to upskill civil servants across 59 government departments on Low-Code Platform technology. The initiative empowers officials to develop custom digital tools, driving modernization, efficiency, and transparency across public services.
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