Same Company Count, 616x Revenue Gap Between Thai TSIC Codes 2026
In short
Two Thai TSIC industry codes each carry exactly 1,392 registered companies, yet their total revenue differs by 616 times. TSIC 61101 reported 93.10 billion baht in total revenue as of 17 July 2026. TSIC 63120, with the identical company count, reported just 151.03 million baht. Only 40.7 percent of companies under 61101 are still active, against 5.7 percent under 63120. Company count alone tells you almost nothing about a sector's economic weight.
Can equal company counts hide unequal fortunes?
Yes, and the gap here is not small. TSIC 61101 and TSIC 63120 each carry precisely 1,392 registered companies in the Department of Business Development registry as of 17 July 2026 (DBD, 2026). TSIC 61101 reports total revenue of 93.10 billion baht. TSIC 63120 reports total revenue of 151.03 million baht. Divide one into the other and 61101 earns 616.4 times more than 63120, despite having the exact same headcount of registered firms. Both codes sit inside the information and communication section, so this is not even a comparison across unrelated parts of the economy. It is two neighbors with the same number of doors and wildly different amounts of money moving behind them.
Total revenue by code, same company count
- TSIC 6110193,100
- TSIC 63120151
Figures in million baht.
Both bars represent exactly 1,392 companies. One code earns 616 times what the other earns.
TSIC 61101 versus TSIC 63120, side by side
| TSIC code | Registered companies | Active companies | Active share | Total revenue | Net margin | Top filer by revenue |
|---|---|---|---|---|---|---|
| 61101 | 1,392 | 567 | 40.7% | 93,099,719,884 baht | 4.0% | National Telecom Public Company Limited |
| 63120 | 1,392 | 79 | 5.7% | 151,032,455 baht | -56.3% | Digitalland Services (Thailand) Ltd. |
Both codes had 1,392 registered companies as of 17 Jul 2026, drawn from the DBD registry.
Why company count is a weak proxy for economic weight
Anyone building a quick sector ranking off registration counts alone would call these two codes twins. They are not. TSIC 61101 keeps 40.7 percent of its companies active. TSIC 63120 keeps only 5.7 percent active, a survival rate about seven times lower despite the identical headline count. TSIC 61101 also carries a positive 4.0 percent net margin. TSIC 63120 carries a negative 56.3 percent margin, meaning the average baht of revenue in one code creates profit while in the other it compounds losses. A single company drives most of the imbalance too. National Telecom Public Company Limited alone accounts for 64.0 percent of TSIC 61101's total revenue. This code's strength rests heavily on one large filer rather than broad activity across all 1,392 firms. For anyone scoring industries, sizing a market, or picking a sector to enter, counting registered firms is the wrong first filter. Revenue, active share and filer concentration tell a truer story, and none of the three move in lockstep with company count.
Definitions
- TSIC code
- The Thailand Standard Industrial Classification code, a 5-digit number the DBD assigns to each registered company to identify its primary business activity.
- Active company
- A company whose registration status in the DBD registry is currently active, as opposed to dissolved, liquidated or otherwise inactive.
- Active share
- The count of active companies in a code divided by the total number of registered companies in that code.
- Net margin
- Aggregate net profit divided by aggregate revenue for all companies in a code that filed a financial statement.
- Top filer concentration
- The revenue of the single largest company in a code divided by the code's total revenue, showing how much of the code rests on one firm.
Assumptions
- Revenue and profit totals only include companies that filed a financial statement, 985 of 1,392 for TSIC 61101 and 61 of 1,392 for TSIC 63120, so a large share of registered companies in both codes contribute no financial figures.
- The registry does not publish a plain-language description for 5-digit TSIC codes, so both codes are identified by number and top filer rather than by industry name.
- Figures reflect the DBD registry snapshot of 17 July 2026 and will shift as new filings arrive.
Methodology
Figures are drawn from the DBD registry aggregate tables as of 17 July 2026. TSIC 61101 and TSIC 63120 were identified as the two 5-digit industry codes sharing the identical registered-company count of 1,392. Total revenue and net profit are aggregate sums across all companies in each code that filed a financial statement, not simple averages. Active share is the count of active companies divided by all registered companies in the code. The registry does not publish a plain-language description for 5-digit codes, so this page identifies each code by number and by its top revenue filer rather than by an industry name.
How we verified this
- 93,099,719,883.53 baht divided by 151,032,454.81 baht equals 616.4, matching the stated revenue multiple.
- 1,392 divided by the national total of 1,989,709 registered companies equals 0.07 percent, the same tiny share for both codes despite their revenue gap.
- 93,099,719,883.53 baht divided by the national total revenue of 80,146,498,562,463.62 baht equals 0.12 percent for TSIC 61101, while 151,032,454.81 baht divided by the same denominator equals 0.0002 percent for TSIC 63120.
- 567 active divided by 1,392 total equals 40.7 percent for TSIC 61101, and 79 active divided by 1,392 total equals 5.7 percent for TSIC 63120.
- 567 active companies divided by 79 active companies equals 7.2, so TSIC 61101's survival rate is about seven times higher than TSIC 63120's, not eight.
- 3,722,821,795.18 baht net profit divided by 93,099,719,883.53 baht revenue equals a 4.0 percent net margin for TSIC 61101, and negative 85,085,356.45 baht divided by 151,032,454.81 baht equals a negative 56.3 percent net margin for TSIC 63120.
- 59,624,482,357 baht in top filer revenue divided by 93,099,719,883.53 baht total code revenue equals 64.0 percent concentration in TSIC 61101.
References
- Department of Business Development. (2026). Registered juristic persons and financial statement aggregates. Ministry of Commerce, Thailand. https://www.dbd.go.th/
- World Bank. (2025). Thailand economic monitor: Digital pathways for growth. World Bank Group. https://documents1.worldbank.org/curated/en/099070225024525808/pdf/P508079-c47ce804-a29b-46f2-9207-38d85c3f032b.pdf
Frequently asked questions
Which two Thai industry codes have the exact same number of registered companies?
TSIC 61101 and TSIC 63120 each had 1,392 registered companies in the DBD registry as of 17 July 2026.
How much more revenue does TSIC 61101 earn than TSIC 63120?
TSIC 61101 reported 93.10 billion baht in total revenue against 151.03 million baht for TSIC 63120, a gap of 616.4 times.
Why does TSIC 61101 earn so much more with the same company count?
One filer, National Telecom Public Company Limited, accounts for 64.0 percent of the code's total revenue, and 40.7 percent of the code's companies remain active against just 5.7 percent for TSIC 63120.
Does a higher company count always mean a bigger sector?
No. These two codes prove that identical registration counts can sit on top of revenue outcomes that differ by hundreds of times.
Cite this page
Chatpong L. (2026). Same Company Count, 616x Revenue Gap Between Thai TSIC Codes 2026. Max Data Insights. https://maxdatathailand.com/insights/same-company-count-different-fortunes-thai-industry-codes-2026
Data & corrections
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Written by
Chatpong L.Founder, Max Data, Max Solutions Co., Ltd.
Chatpong L. leads Max Data, a company-intelligence platform built on Thailand's official business registry. He writes about the structure of the Thai economy using primary registry data. His work covers company formation, industry concentration, and regional business activity.
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This page reports company-level and aggregate statistics only. It names no individuals and makes no claims about any person. Figures are provided for information and may be revised as source data updates.