[3] He comes from a family steeped in both business legacy and tradition: his father, Chuan Ratanarak, was one of Thailand's last great self-made business Titans who founded Bank of Ayudhya (now Krungsri Bank), Siam City Cement, and Bangkok Broadcasting & Television,[4] [5] while his mother came from a wealthy merchant family in Thonburi that had prospered for three generations.
[15] In the years after the crisis Krit strengthened the major family businesses by introducing outside capital and international management expertise.
Contemporary newspaper reports wrongly suggested that the proceeds from the sale of equity to Holderbank was used by the family to recapitalize Bank of Ayudhya.
[16] Holderbank became strategic partner, and in 1999, after completing debt restructuring and refinancing, Siam City Cement increased its capital to 3 billion Baht, and the proceeds were used to upgrade its production facilities and operations.
[17] In 2013, the Ratanarak family controlled 47% of the equity in Siam City Cement which had a market value of US $3.2 billion and no significant debt with Holcim holding 27.5% of the shares.
[18] Krit's penchant for employing world-class strategic partners is also reflected in the partnership with Germany's Allianz Group in insurance business.
[25] According to press reports in March 2012, Krit is working to transform the Rama III area of Bangkok into a major commercial centre.