Kusto Group

Name

Kusto Group

Legal name

Kusto Group

Website

https://kustogroup.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Construction Materials Manufacturing: Revenue from manufacturing and sale of construction materials including paints (Tambour, Zetagi, Barpimo), dry building mixtures, and coatings through operations in Israel, Italy, Spain and internationally
2. Real Estate Development: Revenue from development and sale of residential real estate properties in Vietnam (Diamond Island, Urban Green, The Reflection West Lake) and Kazakhstan
3. Oil & Gas Production: Revenue from oil exploration, development and extraction through Kazpetrol Group in Kyzylorda and Karaganda regions of Kazakhstan
4. Logistics Services: Revenue from multimodal transportation and warehousing solutions through Kusto Logistics, MKS Kusto, and KLM Asset Management
5. Agricultural Products: Revenue from production and sale of premium marbled beef (KazBeef), grains, seeds, and other agricultural products in Kazakhstan and Ukraine
6. Franchise Operations: Revenue from Wendy's fast-food restaurant franchise operations across Central Asia, including restaurant sales and franchise fees

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Kusto Group is a diversified industrial holding company that acquires, develops, and operates businesses across multiple sectors including agriculture (KazBeef, Kusto Agro, Kazseeds), construction materials (Tambour, Zetagi, eco2 paints), real estate (Kusto Home), oil and gas (Kazpetrol, Compass), logistics (Kusto Logistics, MKS Kusto, KLM Asset Management), and franchised food service (Wendy's Central Asia). The group operates across 9+ countries with 8,000+ employees and annual turnover exceeding $1 billion, combining local market expertise with international partnerships and best-in-class practices to transform acquired businesses into regional leaders.

Differentiator

Problem solved

Functional benefit

Brands

• Kusto Agro: Agricultural operations including crop production, seed development, and livestock farming
• KazBeef
• Tambour
• Kusto Home
• Compass
• Kusto Logistics
• eco2
• Wendy's

Products and services

• Kusto Agro (Agricultural Operations)
• KazBeef (Premium Beef Production)
• Tambour (Paint and Construction Materials)
• Zetagi (Industrial Paints and Coatings)
• eco2 Ecological Paint
• Barpimo Coatings
• Kusto Home Vietnam (Luxury Real Estate Development)
• Kazpetrol Group (Oil Exploration and Production)
• Kusto Logistics and MKS Kusto (Logistics Services)
• KLM Asset Management (Container Terminals and Warehouses)
• Wendy's Central Asia Franchise Operations
• Compass (Multi-Fuel Filling Stations)
• Kazseeds (Seed Production)
• Climate Smart Beef Pilot Program

Quantifiable outcome

• Valley's technologies will increase crop productivity and reduce water usage in Kazakhstan's agriculture by more than 50%
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

14 partnerships are on record, tiered flagship, core and minor.

• Tyson FoodsflagshipStrategic or Co-development Partner · 1 December 2019Agricultural development deal for construction of beef production plant with 2,000 head-per-day processing capacity. Expected to provide annual boost exceeding $1 billion to Kazakhstan's economy.
• Valmont IndustriesflagshipStrategic or Co-development Partner · 1 October 2019Joint venture between Kusto Group and Valmont Industries to build production plant for modern irrigation systems in Kazakhstan, backed by $50 million investment. Valley Irrigation technology to be transferred to create network of farms and demonstration sites in Akmola and Turkistan regions.
• Global BeefcoreStrategic or Co-development PartnerJoint venture partner for KazBeef operations. Kusto Group was first Kazakh company to import Angus and Hereford breeding stock from USA through Global Beef partnership.
• Baumgartner Agriculture Science and Service (BASS)coreStrategic or Co-development PartnerPartnership for seed production resulting in creation of Kazseeds. BASS is a leading non-GMO seed producer providing technology and expertise.
• Wissol GroupcoreStrategic or Co-development PartnerLocal partner for Wendy's expansion in Central Asia. Partnership to open multiple Wendy's franchise restaurants in Kazakhstan and Uzbekistan.
• Valley Irrigation (Valmont Company)flagshipTechnology or IntegrationValley Irrigation brings over 70 years of experience in mechanized irrigation technology to Kazakhstan agricultural sector through joint venture with Kusto Group.
• EcoBalance GlobalminorStrategic or Co-development PartnerPartnership to launch first-ever pilot ranch outside US for climate smart beef using carbon insets, backed by blockchain technology and third-party validation. Part of COP28 initiatives.
• Eurasian Resources Group (ERG)minorStrategic or Co-development PartnerStrategic partnership for KazCenosphere project using ash and slag waste from ERG power plant in Aksu as raw material base.
• Israel Innovation AuthorityminorStrategic or Co-development PartnerGovernment partner for entrepreneurial tech incubator in Karmiel, Israel. Part of public-private partnership supporting up to 130 startups over 5 years.
• Kazpetrol GroupcoreStrategic or Co-development PartnerSubsidiary of Kusto Group specializing in oil field exploration and development in Kyzylorda and Karaganda regions of Kazakhstan.
• The Wendy's CompanycoreChannel Partner/ Reseller/ DistributorMaster franchise holder for Wendy's brand in Central Asia, operating and expanding Wendy's restaurants across Kazakhstan and Uzbekistan.
• Government of KazakhstanflagshipStrategic or Co-development PartnerFormal Investment Agreement with Government of Kazakhstan pledging to purchase 4,000 pivots over 11 years to drive agricultural modernization.
• Lishchinskoye LLCminorStrategic or Co-development PartnerUkrainian agricultural company acquired by Kusto Agro, adding 11,338 hectares to landbank in Zhytomyr region.
• Agrarnyy Fond Tereschenka LLCminorStrategic or Co-development PartnerUkrainian agricultural company acquired by Kusto Agro, adding land and infrastructure in Zhytomyr region.

Scale indicators13 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sistema PJSFC: Russian diversified holding company with operations across telecommunications, agriculture (Agro-Invest Stepnoe, RZ Agro), oil services, real estate, and consumer goods. Highly comparable as an emerging-market conglomerate that acquires and transforms local champions into scaled regional players.
• CK Hutchison Holdings: Hong Kong-headquartered diversified holding with global ports, retail, infrastructure, energy, and telecommunications operations. Directly comparable as a holding-company acquirer running sector-diverse operating subsidiaries across emerging and developed markets.
• San Miguel Corporation: Philippine diversified conglomerate spanning food and beverage, packaging, fuel and oil, real estate, and infrastructure. Comparable as a family-controlled emerging-market holding with a similar portfolio of branded consumer, energy, and property businesses.
• Sime Darby Berhad: Malaysian diversified conglomerate with operations in plantation/agriculture, industrial equipment, motors, and logistics. Comparable as a Southeast Asia-anchored holding with parallel sector breadth in agri-commodities and industrial distribution.
• ITC Limited: Indian diversified holding spanning FMCG, hotels, paperboards, packaging, and agribusiness. Comparable as a conglomerate building branded consumer and industrial businesses in an emerging market with strong ESG and CSR positioning.
• Ayala Corporation: Philippine family-controlled conglomerate with real estate, banking, telecommunications, water, and industrial holdings. Comparable as a long-tenured family holding applying an acquirer-transformer model across emerging Asia.

Broad incumbents

• Mitsui & Co., Ltd. Japanese sogo shosha with global operations spanning minerals, energy, chemicals, food, and consumer businesses. Comparable as a much larger diversified industrial trading and investment holding with similar cross-sector acquisition philosophy.

Emerging players

• Vinhomes: Vietnam's largest luxury real estate developer, part of Vingroup. Comparable specifically to Kusto Home Vietnam as a developer of branded luxury residential projects in Ho Chi Minh City and Hanoi with similar master-planned community economics.
• JBS S.A. Brazilian multinational and one of the world's largest meat producers with branded beef, poultry, and pork operations. Comparable to KazBeef as a vertically integrated beef platform with global export ambitions and large-scale feedlot operations.
• Asian Paints Limited: India's largest paint and coatings manufacturer with strong emerging-market distribution. Comparable to Tambour as a market-leading national paint brand pursuing international expansion, eco-product innovation, and category leadership in construction chemicals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@KustoGroup
• Instagraminstagram.com/kustogroup
• Facebookfacebook.com/Kusto-Group-100064893661311
• LinkedInlinkedin.com/company/kusto-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries21 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Kusto Group