What TPC (Tsao Pao Chee) does

TPC (Tsao Pao Chee) is a fourth-generation, family-controlled multinational headquartered in Singapore that operates as an integrated business ecosystem spanning maritime and industrial logistics, well-being services, and corporate philanthropy. The group traces to a late-19th-century water transport business on the Yangtze in Shanghai, evolved into a major Asian maritime conglomerate listed on HKEX (1972) and SGX (1989), was taken private in 2002, and was rebranded to TPC in April 2024. Its core operating segments are IMC Industrial Group — covering dry bulk shipping, industrial logistics, chemical transportation, shipyard and marine offshore engineering, offshore assets and services, consumer logistics, and emerging sustainable food supply chains — and OCTAVE, a well-being ecosystem composed of OCTAVE Institute (research and education on conscious evolution and leadership), OCTAVE Living (wellness venues including SANGHA Retreat in Suzhou and THE LIVING ROOM in Shanghai), and OCTAVE Capital (impact investing). Adjacent platforms include the NO.17 Foundation (corporate philanthropy, including IMPACT WEEK and TPC House at Davos), the Restore Nature Foundation, and investment vehicles Heritas Capital Management, IMC Ventures, the OCTAVE Well-being Economy Fund, and the Asia Ocean Fund, through which approximately USD $320 million has been redirected toward impact and well-being sectors.

The company serves enterprise clients across Asia in shipping, industrial logistics, shipyard services, and offshore engineering, alongside B2B and consumer-facing well-being and retreat customers of the OCTAVE platform, and partnership-driven philanthropy counterparts (Philanthropy Asia Alliance, World Economic Forum, UN Global Compact, NUS, OceanX, Global Citizen, Temasek Foundation). Revenue mechanics combine transactional fees in industrial and logistics operations, managed-service and investment-management fees from Heritas Capital and the impact funds, recurring and subscription-style revenue from OCTAVE Living's wellness venues, and partnership-funded activities through NO.17 Foundation. Go-to-market is enterprise and institutional: long-cycle field sales and relationship-led partnerships for IMC Industrial, member and corporate engagement for the OCTAVE/philanthropy stack, and co-developed academic and convening initiatives with universities and multilateral bodies. Pricing across the industrial segments and well-being services is not publicly disclosed and appears to operate as customized B2B arrangements rather than standardized list pricing.

Strategically, the group has reorganized around an "Impact and Well-being Economy" thesis, formalized by the April 2024 rebrand and the establishment of new investment vehicles, academic platforms (WEGA Academy with NUS), blue-economy partnerships (OceanX), and supply-chain initiatives (Food Supply Chain Fund with JD Property). The first direct investment under that thesis was the acquisition of Refresh Group (traditional Chinese medicine) in July 2026.

Name

TPC (Tsao Pao Chee)

Legal name

Tsao Pao Chee Group Pte Ltd

Website

https://tsaopaochee.com

Company type

Private

Founded year

1890

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

TPC (Tsao Pao Chee) is a fourth-generation Singapore-based family enterprise running an integrated ecosystem across maritime and industrial logistics (IMC Industrial), well-being services (OCTAVE), and corporate philanthropy (NO.17 Foundation), serving enterprise clients and institutional partners across Asia.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Industrial and Logistics Services: IMC Industrial generates revenue through integrated maritime and industrial solutions including dry bulk shipping, industrial logistics, chemical transportation, shipyard & marine offshore engineering, offshore assets & services, and consumer logistics.
2. Investment Management: Heritas Capital Management and IMC Ventures generate returns through investments in well-being economy sectors including sustainable food supply chains and impact-focused ventures.
3. Well-being Ecosystem Services: OCTAVE generates revenue through wellness centers, retreats, learning programs, and lifestyle services, including SANGHA Retreat in Suzhou and THE LIVING ROOM in Shanghai.
4. Corporate Philanthropy Platform: NO.17 Foundation serves as the corporate philanthropy platform, creating value through partnerships and collaborations that steward the flourishing of Life.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

TPC (Tsao Pao Chee) is a multinational purpose-led profit business that operates an integrated well-being ecosystem across three sub-brands: IMC Industrial delivers maritime, logistics, chemical transportation, shipyard, and offshore engineering services; OCTAVE provides well-being and leadership services through its Institute, Living, and Capital arms; and NO.17 Foundation serves as the corporate philanthropy platform that convenes partners and curates collaborations for the flourishing of Life.

Product overview

TPC (Tsao Pao Chee) is a multinational purpose-led profit business ecosystem founded in the late 1800s that operates as a unified group comprising multiple sub-brands and initiatives. The core portfolio includes: OCTAVE (a well-being ecosystem with Institute, Living, and Capital arms serving individual and organizational transformation), IMC Industrial (maritime and industrial solutions covering shipping, logistics, shipyards, and offshore engineering), and NO.17 Foundation (corporate philanthropy platform driving collaboration and partnerships). The group also organizes flagship events including IMPACT WEEK (a Well-being Economy conference and festival) and maintains TPC House at Davos as an accredited WEF venue. Investment vehicles include the OCTAVE Well-being Economy Fund and Asia Ocean Fund. The company rebranded from IMC Pan Asia Alliance to TPC in April 2024, returning to its original Qing Dynasty-era tradename.

Differentiator

Problem solved

Functional benefit

Brands

• OCTAVE: A dynamic ecosystem serving Life in the Well-being Era, integrating OCTAVE Institute (conscious evolution/leadership education), OCTAVE Living (wellness centres and retreats), and OCTAVE Capital (impact investing). The business model for expressing the well-being and happiness economy.
• IMC Industrial
• NO.17 Foundation
• Restore Nature Foundation

Products and services

• OCTAVE Standalone well-being and happiness economy ecosystem from TPC, integrating OCTAVE Institute (conscious evolution, quantum leadership, and learning programs), OCTAVE Living (wellness centres, retreats including SANGHA Retreat in Suzhou and THE LIVING ROOM in Shanghai), and OCTAVE Capital (impact investing). Targets senior executives, family business leaders, and organisations seeking purpose-driven transformation.
• IMC Industrial Integrated maritime and industrial solutions business of TPC covering dry bulk shipping, industrial logistics, chemical transportation, shipyard and marine offshore engineering, offshore assets and services, consumer logistics, and sustainable food supply chains. Serves enterprise clients in shipping, chemicals, energy, and industrial sectors and is being repositioned as a purpose-driven industrial company with care for Life at the heart of its activities.
• NO.17 Foundation Corporate philanthropy and collaborative platform of TPC that creates and curates conditions for foundations, NGOs, corporations, and governments to collaborate on initiatives and projects that steward the flourishing of Life. Manages partnerships, the TPC House at Davos, and IMPACT WEEK events.
• IMPACT WEEK Annual flagship event platform convened by TPC and NO.17 Foundation that brings together leaders across business, philanthropy, policy, academia, culture, and community to co-create a Well-being Economy. Features four thematic tracks: sustainable finance, regenerative food systems, reimagined education, and redefined philanthropy.
• TPC House at Davos Accredited venue at the World Economic Forum Annual Meeting in Davos operated by TPC, serving as an East-West bridge of dialogue for the well-being economy. Hosts conscious leadership and co-creation sessions.
• Well-being and EESG Academy (WEGA) Research and education hub established by TPC in partnership with NUS Business School's Centre of Governance and Sustainability, advancing an Asian-centric approach to sustainability and well-being economy through EESG (Economics, Environmental, Social, and Governance) frameworks.
• OCTAVE Well-being Economy Fund Ethical impact investment fund managed by TPC that invests in innovative companies and initiatives contributing to the Well-being and Happiness Economy.
• Asia Ocean Fund Impact investment fund of approximately US$75 million (S$96.15 million) for ocean conservation and blue economy initiatives, announced at IMPACT WEEK 2025 as part of Temasek Trust's Blue Oceans Community.

Quantifiable outcome

• USD 320 million invested in impact and well-being sectors
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

20 partnerships are on record, tiered core and secondary.

• Refresh GroupcoreStrategic or Co-development Partner · 9 July 2026TPC acquired controlling stake in Refresh Group, one of Southeast Asia's leading TCM (Traditional Chinese Medicine) providers. First significant transaction under Well-being Economy investment strategy under the Well-being pillar.
• JINGDONG Property (JD.com)coreStrategic or Co-development Partner · 1 June 2026TPC and JD Property signed MOU to explore Food Supply Chain and Infrastructure Fund for Southeast Asia, targeting cold chain facilities, dry warehousing, and broader food infrastructure. Pairs JD's intelligent warehousing with TPC's 100-year regional supply chain experience.
• World Economic ForumcoreStrategic or Co-development Partner · 1 January 2026TPC joined WEF in December 2023; Chavalit Frederick Tsao participates in WEF Annual Meetings; TPC House at Davos is an accredited venue of WEF Annual Meeting 2026, serving as East-West bridge for dialogue on well-being economy with 5000+ attendees over 130+ sessions.
• SecondMusesecondaryStrategic or Co-development Partner · 1 January 2026Partner in Restore Nature Declaration to close structural financing gap limiting ecological restoration across Southeast Asia, blending philanthropic, concessional, and commercial finance.
• Economics of Mutuality AlliancesecondaryStrategic or Co-development Partner · 1 January 2026Partner in Restore Nature Declaration, contributing to capital platform for nature restoration with measurable economic, social, and environmental returns.
• Global CitizencoreStrategic or Co-development Partner · 3 September 2025Strategic partnership brings Global Citizen to Southeast Asia for first time. Co-curates Global Citizen x IMPACT WEEK sessions. Global Citizen platform has deployed $49 billion in commitments impacting 1.3 billion lives.
• Climate KICcoreStrategic or Co-development Partner · 1 January 2025NO.17 Foundation and Climate KIC partner to accelerate systemic climate transformation across Asia through place-based innovation, Europe-Asia climate diplomacy, and regenerative development. TPC acts as regional anchor and East-West bridge.
• UN Global Compact PRMEcoreStrategic or Co-development Partner · 23 September 2024OCTAVE Institute partnered with UN Global Compact's Principles for Responsible Management Education to transform higher education. Initiative aims to impact 10 universities and 8,000+ students across Asia by 2030 through sustainability-focused leadership development.
• Restore Nature FoundationcoreStrategic or Co-development Partner · 23 September 2024Launched September 2023 to champion causes committed to restoring humanity's true nature and pursuing flourishing of Life. Part of TPC's corporate philanthropy platform alongside NO.17 Foundation and OCTAVE Institute.
• OceanX (Dalio Philanthropies)coreStrategic or Co-development Partner · 16 September 2024NO.17 Foundation partnered with OceanX for ocean conservation through quantum leadership education and collaborative scientific research. Pilot education program conducted aboard OceanXplorer in September 2024. Both are Community Leads of Temasek Trust's Blue Oceans Community.
• SDSN (UN Sustainable Development Solutions Network)coreStrategic or Co-development Partner · 1 September 2024TPC and NO.17 Foundation collaborate with SDSN to advance systems-level solutions aligning economic development with human well-being and planetary health. Supports GBA-ASEAN Initiative bridging regional cooperation and policy innovation.
• Temasek FoundationcoreStrategic or Co-development Partner · 1 September 2024Temasek Foundation collaborates with NO.17 Foundation in climate, health, and education initiatives. Partnership announced at IMPACT WEEK 2025 as part of coalition of partners including Stewardship Asia Centre and Climate KIC.
• Stewardship Asia CentresecondaryStrategic or Co-development Partner · 1 September 2024Part of IMPACT WEEK 2025 coalition of partners, contributing to well-being economy platform alongside business, philanthropy, academia, and civil society organizations.
• AT ONE PlatformsecondaryStrategic or Co-development Partner · 1 September 2024at-one.org platform serves as TPC's collaborative platform for well-being and happiness economy initiatives and community building.
• National University of Singapore (NUS) Business School - Centre of Governance and SustainabilitycoreStrategic or Co-development Partner · 17 July 2024MOU signed to establish Well-being and EESG Academy (WEGA) with SGD $1 million seed fund from TPC. WEGA aims to become research and education leader for Asian approach to sustainability and well-being economy, operational by end of 2024.
• Catalyst NowsecondaryStrategic or Co-development Partner · 1 January 2024Global movement partnership at IMPACT WEEK 2025, part of coalition advancing systemic change and well-being economy transformation.
• Re:wildsecondaryStrategic or Co-development Partner · 1 January 2024Global conservation organization partnership at IMPACT WEEK 2025, part of coalition for nature restoration and well-being economy.
• Philanthropy Asia Alliance (Temasek Trust)coreStrategic or Co-development Partner · 1 September 2023NO.17 Foundation is a core member and Impact Action Council member of PAA. TPC contributed toward US$777 million collectively pledged by PAA members to catalyze solutions for environmental and societal challenges. Focus areas: Climate and Nature, Education, Health.
• Halogen Foundation SingaporesecondaryStrategic or Co-development Partner · 17 August 2023Chavalit Frederick Tsao and OCTAVE Institute collaborated with Halogen Foundation for co-creating cross-generational education system beyond schooling for youth. OCTAVE presented $250,000 contribution at The Halogen Ball.
• Studio 30 50 (Hafnia, IMC Ventures, Microsoft, DNV, Wilhelmsen)secondaryStrategic or Co-development Partner · 11 April 2023Maritime Digital Venture Studio launched to identify ESG solutions for maritime industry and fund innovative proposals from startups. Addresses emissions reduction, circular economy, and supply chain inefficiencies. IMC Ventures part of consortium.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Six Senses: Global luxury resort and spa operator with a wellness and sustainability-focused brand positioning. Direct peer to OCTAVE Living's wellness retreats and SANGHA Retreat by OCTAVE in Suzhou, with comparable philosophy of experiential, well-being-driven hospitality.
• Kerry Logistics Network: Asia-based integrated logistics provider with warehousing, freight forwarding, and supply chain solutions across Southeast Asia and Greater China. Direct peer to IMC Industrial's industrial logistics and consumer logistics segments, with overlapping Asia geography.
• YCH Group: Singapore-headquartered supply chain and logistics company with end-to-end warehousing, distribution, and supply chain solutions. Direct peer to IMC Industrial's Asia logistics operations; TPC's CSO James Ong previously led M&A and the corporate venture arm (Supply Chain Angels) at YCH Group.
• Miraval Group: US-based wellness resort and mindfulness-focused hospitality brand offering retreats, spas, and well-being programs. Comparable to OCTAVE Living for its wellness retreat model, learning journeys, and purpose-led positioning in the well-being economy.
• Hafnia: One of the largest operators of product and chemical tankers globally, with strong Asia-Pacific exposure. Direct peer to IMC Industrial's chemical transportation and dry bulk shipping operations, and a Studio 30 50 partner alongside TPC's IMC Ventures.
• Wilhelmsen: Global maritime industry group offering ship management, maritime services, and offshore expertise. Direct peer to TPC's IMC Industrial in shipping services and a co-partner with TPC's IMC Ventures in Studio 30 50, the maritime digital venture studio addressing ESG solutions.

Broad incumbents

• Mitsui & Co. Japanese diversified trading and investment conglomerate with deep maritime, logistics, and infrastructure operations including FPSO joint ventures. Comparable to TPC for its maritime industrial roots, JV-heavy Asia footprint, and broad investment management activities.
• Rockefeller Foundation: US-based global philanthropy with programmes spanning health, climate, equity, and food systems transformation. Broad incumbent comparable to NO.17 Foundation's philanthropy, partnership, and convening model, with similar mission-driven global agenda setting.
• CK Hutchison Holdings: Hong Kong-headquartered diversified conglomerate with major port operations, retail, infrastructure, and energy businesses across Asia and globally. Comparable to TPC as a sprawling, family-influenced, Asia-rooted conglomerate with port/maritime heritage and a broad operating portfolio.
• Temasek Trust: Singapore-established philanthropy and impact investment steward of philanthropic assets and programmes including the Philanthropy Asia Alliance. Broad incumbent comparable to TPC's NO.17 Foundation philanthropy platform and a direct partner through PAA membership and Restore Nature Foundation collaboration.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights8 records

Customer concentration

• LinkedInlinkedin.com/company/tsao-pao-chee

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TPC (Tsao Pao Chee)