The company was established as a
limited company on November 6, 2013, with an
authorized capital of one million Bath, and is chaired by
Nawat Itsaragrisil, a Thai television host and producer who had previously served as producer of
Miss Thailand World for
BEC-Tero. After ending his role with BEC-Tero, Nawat signed a
business partnership with
Channel 7 and subsequently established his
national pageant,
Miss Grand Thailand, in mid-2013 and the newly established international pageant,
Miss Grand International, which was managed by the Miss Grand International
Co., Ltd. Alongside its flagship
beauty pageant, the company eventually expanded and diversified into the
food-processing and
cosmetics industries in 2018 as well as the
talent management sector in 2019, which led the company to increase its
authorized capital to 50 and 75 million Baht in 2020 and 2022, respectively. The MGI Co., Ltd. was transformed into a
public limited company with a registered capital of 105 million
Baht on June 15, 2022, and was listed on the
Market for Alternative Investment (MAI) on December 14, 2023. In the corporation with
Karmarts, its
subsidiary, KMGI
Co., Ltd., was established in February 2023 to be responsible for the
cosmetics section specifically. In 2025, it further expanded into the digital technology domain by investing in a voting and token platform under FDX Tech Singapore, through a joint venture established as MGI X Limited. ==Products and services==