The Thakral Group had its beginnings as a small retail business in 1905 in the "Punjab Store" in Bankok. In 1936, the Thakral's enterprising spirit led them to Japan, where they continued to focus on the family's core business - textiles. Later, the Group ventured into several other countries, including Singapore and China in the 1950s and 1960s. At a time when the strategy of regionalisation was still at a planning stage for most companies, the Thakral family had already made inroads into foreign lands, which would later pave the way for the Group's growth and diversification.
In 1973, Thakral Brothers started to support the Group's diversification from the textile business into consumer electronics. The Group's turning point came in 1974, when ventured into consumer electronics in China, building on the network that was laid in the 1960s. This business has continued to grow and, today, the Group's consumer electronics business in China contributes substantially to the Group's turnover.
Through entrepreneurial vision and foresight, good financial acumen, and an uncompromising standard of business integrity, the Group has laid the foundation for its next phase of growth.
Since listing on the Australian Stock Exchange in 1994, Thakral has grown to be a diversified property group with total assets of close to $1.4 billion and net shareholder funds in excess of $755 million as at 30 June 2007.
The company has an enviable track record of profitability, a strong balance sheet and a portfolio of prime real estate located in some of the most sought-after areas on the eastern seaboard of Australia.
Thakral's success is due to its ability to identify and satisfy Australian lifestyle needs. It can truly be said that, in everything it does, Thakral takes a wider view on property. This can be seen in the partnership with Galileo Connect and the development of Canberra's Technology City.