V Beyond has announced a remarkable 1,800% increase in Q3 profits and over 178% growth in revenue, marking its transition to a public company. The firm is aggressively entering the Property Tech sector with the concept of “Buying a Home at Your Fingertips” through an intelligent identity search system.

V Beyond Development Co., Ltd. has reported a net profit increase of over 1,800% and revenue growth exceeding 178% compared to the same period last year in its Q3 2021 results. The company is set to become a public entity, with the board approving its transformation into V Beyond Development Public Company Limited. The conversion process is expected to be completed by the first quarter of 2022, ahead of filing, as the company gears up to enter the online real estate trading market with its innovative platform, “Property Tech” or Prop Tech, aiming for a market share of 15% from a total market value of 800 billion baht within three years.

Mr. Woradet Rukpan, CEO of V Beyond Development Co., Ltd., stated, “V Beyond has consistently shown strong performance due to the economic recovery and the expansion of new distribution channels. By the end of Q3 2021, the company reported a net profit increase of over 1,800% and revenue growth exceeding 178% compared to 2020. In Q3 2022, V Beyond plans to list on the stock exchange, with an expected valuation of nearly 10 billion baht. We have numerous business partners both domestically and internationally, including high-net-worth investors ready to invest further, along with plans to expand investment channels in related innovative technology businesses, which will lead to robust profits moving forward. I am confident in our business plan that targets the large market valued at 800-900 billion baht annually in the real estate sector.”

“Additionally, V Beyond is preparing to expand its business on an online platform with an economic system through the innovation of “Property Tech” or Prop Tech, which integrates real estate with modern technology to enhance convenience for residents. This will be branded as “Property Mall,” currently under system development, expected to be completed and operational by the first quarter of 2022. This is considered a Big Project for the V Beyond group, as “Property Mall” will feature projects from various well-known brands nationwide for customers to choose from. AI will analyze consumer behavior and needs to present projects that best meet their requirements through intelligent programs, allowing customers to easily purchase real estate as if picking items from a supermarket shelf. We also offer exclusive benefits through the “VB Club,” which provides special privileges to V Beyond customers, such as home insurance, quality contractor sourcing services, and many other benefits that simplify complex needs to align with customer lifestyles, along with comprehensive after-sales service (One-stop service).”

“I believe that as the COVID-19 situation improves and the population is vaccinated widely, the government’s policies to open the country and stimulate the economy will become clearer. Additionally, there are policies to create new purchasing power from foreign investors, responding to our proposals and those of our partners. This will positively impact various businesses, especially in the real estate sector, which is currently benefiting from government economic stimulus measures aimed at attracting high-potential foreigners to Thailand. This influx will significantly boost foreign purchasing power in real estate, revitalizing the sector. I am confident that “V Beyond” will emerge stronger, as nearly all our investments are in businesses that can thrive during crises. This is a clear indication that once the situation stabilizes, we will experience rapid growth and financial stability, becoming a driving force to bring vibrancy back to the real estate sector and beyond,” Mr. Woradet concluded.