[1][2] In 1954, Chaijudh Karnasuta, a Thai, and Giorgio Berlingieri, an Italian, collaborated in a venture to salvage five sunken ships.

The two forged a relationship and they founded Italian-Thai Development (ITD) on August 15 1958.

In 1994, the company was publicly listed in the Stock Exchange of Thailand with a registered capital of 2,500 million Baht.

ITD is responsible for the construction of the Suvarnabhumi International Airport which completed in 2006.

[3] As of 2016[update], the chairman is Krisorn Jittorntrum, with the director and president being Premchai Karnasuta.