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GRAB COMPANY LIMITED

Active

Business ID 0312650437

84-28 / 7108 7108

GRAB COMPANY LIMITED

Active

Business ID 0312650437

84-28 / 7108 7108

GRAB COMPANY LIMITED

Active

Summary

Name:

GRAB COMPANY LIMITED

Business ID (TIN):

0312650437

Date of Registration:

14 Feb 2014

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Address:

Mapletree Business Centre, No. 1060, Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7108 7108

Financial Statement:

2020, 2021, 2022, 2023, 2024

GRAB COMPANY LIMITED (Business ID: 0312650437) is one of the most recognizable names in Vietnam's ride-hailing and delivery landscape. Established on February 14, 2014, and headquartered at Mapletree Business Centre Building, District 7, Ho Chi Minh City, GRAB operates as a limited liability company, privately held with a unique ownership structure: 51% is owned by Vietnamese citizen Ly Thuy Bich Huyen, while 49% is controlled by GRAB INC. based in the Cayman Islands. Over the years, GRAB has expanded its reach beyond mobility services like GrabBike and GrabCar to include food delivery (GrabFood), grocery delivery (GrabMart), and courier services (GrabExpress).

On the positive side, according to the latest Company Report by Vanguard Business Information LLC (VBI), GRAB COMPANY LIMITED achieved a remarkable turnaround in profitability in 2023. The company posted a net profit of USD 42.46 million, a massive jump of 213.83% compared to 2022, reflecting much-improved operational efficiencies and cost management. Total assets also nearly doubled, reaching USD 203.55 million, which suggests significant investment and expansion efforts. GRAB's adaptability, diversified service lines, and technological integration have allowed it to dominate urban transportation and delivery in Vietnam, becoming almost a "necessity" for daily life in major cities.

However, beneath the surface, serious concerns persist. Despite the high profits, GRAB’s financial health shows troubling signs: owner’s equity remains negative at -USD 122.43 million, and working capital is also deeply negative at -USD 100.02 million. Sales fell by 38.34% in 2023 compared to the previous year, indicating that while the company squeezed out profit through efficiency, its top-line growth is struggling. Moreover, the nature of GRAB’s business model, which relies heavily on tens of thousands of flexible workers, highlights a harsh social reality: many university graduates, unable to find stable or professionally fulfilling jobs, have turned to riding for GRAB to make a living. While GRAB provides an important income stream, the phenomenon reflects underlying weaknesses in Vietnam's job market for educated youth—a socio-economic issue that cannot be ignored.

Overall, GRAB COMPANY LIMITED is a dynamic and resilient company that has achieved impressive profitability, but it also carries heavy financial liabilities and raises broader questions about economic sustainability and social impacts. A full understanding of GRAB’s operations, market position, and risks requires updated Risk Management evaluations and in-depth Financial Data analysis, which Vanguard Business Information LLC (VBI) reliably provides.

Legal Profile

English Name:

GRAB COMPANY LIMITED

Vietnamese Name:

CÔNG TY TNHH GRAB

Short Name:

GRAB

Business ID (TIN):

0312650437

Date of Registration:

14 Feb 2014

Registered Office:

Ho Chi Minh City Department of Planning and Investment

Ownership Status:

Privately held

Operation Status:

Active

Contacts

Key Decision Makers:

+ NGUYEN T.M.H

+ ALEJANDRO O

Address:

Mapletree Business Centre, No. 1060, Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

Phone:

84-28 / 7108 7108

Representative office:

No. 1, Kim Anh Building, No. 78, Duy Tan Street, Dich Vong Hau Ward, Cau Giay District, Ha Noi City, Vietnam

Representative office:

No. 324, Nguyen Huu Tho Street, Khue Trung Ward, Cam Le District, Da Nang City, Vietnam

Representative office:

Kios C112A, Old Quarter, Sunworld Ha Long Park, Bai Chay Ward, Ha Long City, Quang Ninh Province, Vietnam

Representative office:

Lot 24, Road 8E, Le Hong Phong 2 Urban Area, Phuoc Hai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Branch:

Lot 4, Road 6A, Le Hong Phong 2 Urban Area, Phuoc Hai Ward, Nha Trang City, Khanh Hoa Province, Vietnam

Representative office:

No. 284/41/2, Ly Thuong Kiet Street, Ward 14, District 10, Ho Chi Minh City, Vietnam

Representative office:

No. 1/DC 73/87, Road NA 12, Group 9, Hoa Lan 2 Quarter, Thuan Giao Ward, Thuan An City, Binh Duong Province, Vietnam

Business Sector

Key business lines:

VSIC:

4931 Urban and suburban passenger land transport (except transport via buses)

NACE:

49.31 Urban and suburban passenger land transport

Industry Sales Growth

CAGR (2019 - 2023)

1.03%

YoY (2023)

8.88%

Companies by industry

Company distribution and propportions

3,603

0.1239%

Key Industry Players

Top 10 companies in urban and suburban passenger land transport (except transport via buses) industry

vietnam sun corporation southern airport transportation joint stock company grab company limited thành bưởi company limited tan cang maritime services joint stock company hanoi metro one member company limited (translated name) ha thanh thu transport service trading one member company limited mai linh group corporation mai linh ha noi technology transportation company limited anh hong ngoc co., ltd

Payment History

Purchase the report to access company details.

Financial Performance

Assets	21.08%
Owner’s Equity	79.06%
Working Capital	85.40%
Net Worth	58.36%
Sales	-88.01%
Operating income	-47.40%
EBIT	-99.41%
Gross Profit Margin	37.83%
Debt to EBITDA	-18.53%

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Negative Payment Records

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Litigation Records; Negative News

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Specific Questions About GRAB COMPANY LIMITED

When did GRAB COMPANY LIMITED start operating?

GRAB COMPANY LIMITED was started in 14 Feb 2014

What industry does GRAB COMPANY LIMITED operate in?

GRAB COMPANY LIMITED is operating in "Urban and suburban passenger land transport (except transport via buses)" industry

How can I contact GRAB COMPANY LIMITED?

GRAB COMPANY LIMITED phone numbers is 84-28 / 7108 7108

What adverse news is there about GRAB COMPANY LIMITED?

GRAB COMPANY LIMITED’s has 3 bad news

What is stock symbol of GRAB COMPANY LIMITED?

GRAB COMPANY LIMITED is not listed company

Where is the location of GRAB COMPANY LIMITED?

GRAB COMPANY LIMITED is located at Mapletree Business Centre, No. 1060, Nguyen Van Linh Street, Tan Phong Ward, District 7, Ho Chi Minh City, Vietnam

What is GRAB COMPANY LIMITED’s business registration?

GRAB COMPANY LIMITED business registration is 0312650437

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