U Win Aung, the founder of AungAung Battery Shop, established AungAung Battery Shop in Yangon in 1978 and which can be regarded as one of the first running businesses in Yangon.
In 2010, the business was transformed into a company named Aung Nay Thway. It means that Aung Nay Thway is the Second Generation of AungAung Businesses. It has been running for more than 40 years and bearing fruitful results in running the same business. It has many branch shops around the country and running with the well-experienced staff.