Confidence Group

What Confidence Group does

Confidence Group is a privately held Bangladeshi industrial conglomerate founded in 1991 that operates approximately 20 subsidiaries across cement manufacturing, infrastructure, power generation, batteries, telecommunications, dredging, logistics, and paints. Its flagship venture, Confidence Cement PLC (publicly listed on the Dhaka and Chittagong Stock Exchanges), produces 1.5 million metric tons of cement annually and was the first ISO 9002-certified private cement manufacturer in Bangladesh. The group also holds dominant positions in galvanized steel (85% market share via Confidence Steel Limited) and telecom/transmission towers (~70% share via Confidence Infrastructure Limited), and operates Kirtonkhola Tower Bangladesh Limited as one of only four government-approved private tower operators.

The conglomerate's core technology spans mid-tech industrial engineering: HFO-fired power generation using Rolls Royce (Norway) and MAN (Germany) generator sets, hot-dip galvanized steel manufacturing to BSEN 10025 / S 355 Jo standards, advanced CNC machinery, and international gateway telecommunications infrastructure with double-layered generator systems. Operating capacity includes ~400 MW of HFO-fired IPP capacity across four plants (with an additional 660 MW gas pipeline), 275,000 sqft of battery manufacturing, 25,000 KL of annual paint production through the Asian Paints Bangladesh joint venture, and dredging equipment sourced from B.V. Scheepswerf Damen Gorinchem (Netherlands). The group exports galvanized steel and towers to Nepal, Maldives, Malaysia, Korea, India, Bhutan, Kuwait, China, and Japan.

The business model combines B2B enterprise sales (multi-year contracts via competitive bidding for government agencies BPDB, BREB, DESCO, DPDC, BMDA, BWDB, BIWTA, and ports), direct corporate sales (Hyundai, Grameenphone, Banglalink, Robi), and consumer distribution through a 1,400+ dealer network spanning all 64 districts of Bangladesh and 850 Colour Worlds retail outlets for paints. Revenue streams span hardware sales (cement, steel, batteries, transformers, poles, paints), managed services (IPP power sales, dredging, EPC), subscription/recurring (ISP and IGW telecom services), and professional services. The Karim family controls the group through Chairman Imran Karim, Director Salman Karim, and Director Rupam Kishore Barua; the Vision2030 strategic roadmap was unveiled in April 2023.

Name

Confidence Group

Legal name

Confidence Group

Website

https://confidencegroup.com.bd

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Confidence Group is a privately held Bangladeshi conglomerate founded in 1991 operating ~20 subsidiaries across cement, steel, power generation, batteries, telecommunications, dredging, and paints, serving government utilities, telecom operators, and consumers across Bangladesh and 10+ export markets.

Ownership category

akta.pro rank

Product category

Diversified Industrial Manufacturing and Infrastructure

NAICS

Electrical Equipment Manufacturing (33531), Electric Power Generation, Transmission and Distribution (2211), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Pole, Tower & Structure Installation / Replacement (Distribution) (EUAEACAE)

akta.pro secondary industries

Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE), Real Estate, Leasing & Colocation Management (Landlords/REITs) (HDAIAKAJ), Overhead & Underground Collection System Construction (MV/HV Lines, Duct Banks) (EUAEADAG), Telecommunications & Network Equipment (TLAIALAN)

Keywords

• Cement manufacturing
• Galvanized steel fabrication
• Power generation
• Battery manufacturing
• Telecommunications services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cement Manufacturing & Sales: Production and sale of cement with annual capacity of 1.5 million metric tons. Revenue from domestic sales and ready-mix concrete products. Flagship venture of Confidence Group established in 1991.
2. Power Generation: Operating 4 HFO-fired IPP plants producing approximately 400 MW of electricity. Revenue from power sales to Bangladesh Power Development Board (BPDB).
3. Battery Manufacturing & Sales: Production and sale of automotive, electric vehicle, IPS, solar, and generator batteries under Gaston and Dimitris brands. Export to foreign countries.
4. Steel Products Manufacturing & Export: Manufacturing galvanized steel poles, towers, and structures for transmission and telecommunication. Export to Nepal, Maldives, Malaysia, and other countries.
5. Telecommunications Services: International Gateway (IGW) services for call routing and termination. ISP services through STARDUST Telecom and Startrek Telecom.
6. Infrastructure & Engineering Products: SPC poles, transformers, geotextiles, dredging services, and EPC solutions for power and infrastructure projects.
7. Dredging Services: River dredging, riverbank protection, and land reclamation services for government agencies (BIWTA, BWDB, Chittagong and Mongla Ports).
8. Oil & Shipping: Fuel supply to power plants using river tributaries. HFO transportation for steady operations of power plants including Confidence Power Holdings Limited.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

Confidence Group manufactures cement (1.5 million MT annual capacity), galvanized steel poles and transmission/telecom towers, automotive/EV/IPS/solar batteries, SPC concrete poles, distribution and power transformers, and geotextiles (GEOCIL). It also produces approximately 400 MW of electricity through four HFO-fired IPP plants, provides International Gateway (IGW), ISP (MiME), and International Internet Gateway (IIG) telecommunications services, and performs river dredging and inland logistics. Customers include Bangladesh government utilities, large telecom operators, construction companies, and export markets across Asia.

Product overview

Confidence Group is one of the largest conglomerates in Bangladesh, operating as a diversified industrial group involved in manufacturing mid-tech engineering products. The portfolio comprises multiple subsidiaries and joint ventures organized across seven business divisions: Cement (Confidence Cement PLC - 1.5 million MT annual capacity), Infrastructure Development (Confidence Infrastructure Ltd with pole, steel, transformer, dredging, EPC, and geotextile units), Storage Power/Batteries (Confidence Batteries Ltd producing automotive, EV, IPS, and solar batteries), Telecommunication (Digicon Telecommunication - IGW services, STARDUST Telecom/MiME - ISP, Startrek Telecom - IIG), Power Generation (Confidence Power Holdings Ltd - 393 MW HFO-fired plants), Global Partnership (Asian Paints Bangladesh joint venture - second largest paint company), and Logistics (Zodiac Logistics - dry bulk cargo, Zodiac Dredging - river services). Additional subsidiaries include Confidence Electric (transformers), Confidence Steel (galvanized steel - 85% market share), and Kirtonkhola Tower (telecom tower leasing). The group operates across the full value chain from raw materials to end-user services.

Differentiator

Problem solved

Functional benefit

Brands

• Confidence Cement PLC: Cement manufacturing company and pioneer venture of Confidence Group, with annual production capacity of 1.5 million metric tons.
• Confidence Infrastructure Limited
• Confidence Batteries Ltd.
• Confidence Power Holdings Limited
• Digicon Telecommunication Limited
• Kirtonkhola Tower Bangladesh Limited
• MiME
• Startrek Telecom Ltd.
• Confidence Steel Export Limited
• Zodiac Dredging Limited
• GEOCIL
• Axis
• Confidence Electric Limited

Products and services

• Confidence Cement

Quantifiable outcome

• 850 Colour Worlds retail outlets with automatic colour dispensing for customer convenience
• +3 more outcomes

Named customers21 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

32 partnerships are on record, tiered minor and core.

• Asgar Ali HospitalminorStrategic or Co-development Partner · 30 August 2023Corporate agreement signed on August 30, 2023 granting exclusive medical benefits to Confidence Group employees. Reinforces organization's commitment to employee welfare.
• Gulf NewsminorOthers · 1 April 2023Confidence Group featured in Gulf News April 2023 Business Feature as one of Bangladesh's most successful conglomerates.
• Strategic Finance & Investments Limited (SFIL)minorStrategic or Co-development Partner · 9 March 2023MoU to offer corporate financing and retail financing services to employees of Confidence Group. Signed by Mr. Tamim Marzan Huda, Deputy MD of SFIL and Mohammed Tariqul Islam.
• RobicoreStrategic or Co-development Partner · 25 February 2023Corporate agreement for Robi's digital connectivity solutions enabling complete digital transformation with data, voice, and ICT solutions. Signed by Mohammed Tariqul Islam, CHRO and Md. Adil Hossain Noble, Chief Enterprise Business Officer of Robi.
• Green SaversminorStrategic or Co-development Partner · 9 November 2022MoU for tree plantation program promoting environmental care and raising awareness. Launched 'সবুজায়নে স্বাবলম্বী' project in memory of Ex-Chairman Shamsul Alam, Bir Uttam. Each tree absorbs 70kg CO2 annually with 20-year lifespan.
• Butterfly GroupminorStrategic or Co-development Partner · 30 August 2022MoU enabling Confidence Group employees to enjoy certain discounts on products from Butterfly Group.
• AmarLabminorStrategic or Co-development Partner · 14 June 2022Free medical checkup and doctor consultation program arranged at Dhaka-based corporate offices as part of employee wellbeing.
• United HospitalminorStrategic or Co-development Partner · 1 June 2022Medical awareness program about workplace healthcare conducted at corporate head office and all Dhaka-based offices.
• JAAGO FoundationminorStrategic or Co-development Partner · 12 February 2020MoU for financial support of JAAGO Foundation Habiganj School to meet students' educational expenses. Signed by Khalid Islam, MD Confidence Power Holdings Ltd. & Digicon Telecommunication Ltd.
• Spreeha Bangladesh FoundationminorStrategic or Co-development Partner · 26 November 2019MoU to financially support Spreeha's 50% of total yearly budget for educational program (one classroom) for 2019-2020. Under project Luna, distributed 60,000 sanitary napkins among 3,000 adolescent girls.
• Autism Welfare FoundationminorStrategic or Co-development Partner · 1 July 2018MoU signed at corporate head office. Confidence Group will financially support AWF's major development initiatives for 2018-2019. Signed by Rezaul Karim, Group Chairman and Dr. Rownak Hafiz, Chairperson of AWF.
• Rotary Club DhakaminorStrategic or Co-development Partner · 31 March 2018Flood donation partnership for flood victims of Roumari, Kurigram. Also partnered for mask distribution - 150,000 masks across Bangladesh.
• Mymensingh District Football Association (MDFA)minorStrategic or Co-development Partner · 1 January 2018Sponsor of Mymensingh 1st Division Football League 2018 and 2019. Khaled Mahmood, Chairman of BPDB was chief guest.
• PFDA-VTC TrustcoreStrategic or Co-development Partner · 4 October 2017MoU for financial support of PFDA-VTC's initiatives to improve skill development of intellectually-diverse students. Contract renewed multiple times including 2018 (4th consecutive year). Imran Karim, Group Managing Director and Mohammed Tariqul Islam participated in signing.
• Asian Paints BangladeshcoreStrategic or Co-development Partner · 1 January 2002Joint venture between Asian Paints and Confidence Cement PLC started in 2002. Now the second largest paint company in Bangladesh with presence across all 64 districts and 1,400+ dealer network. Manufacturing capacity of over 25,000 KL annually. Produces decorative, marine, and industrial paints with world-class brands.
• American Tower CorporationminorOthersListed as a Global Partner in Confidence Group's portfolio. International tower company.
• Eastern Bank Limited (EBL)minorStrategic or Co-development PartnerCo-branded Payroll Debit Card launch enabling both local and international transactions. Access to EBL Skybanking app. Evolution of long-standing partnership focused on enhancing banking experience.
• Mehmankhana Foundation BangladeshminorStrategic or Co-development PartnerMoU under project Appayan to distribute free masks to 360,000 people and cooked food to 156,500 people for one year. Also partnered for free sanitary napkins distribution and Turkey earthquake relief donation.
• BRAC BankminorStrategic or Co-development PartnerEmployee banking services partnership offering salary accounts, multi-currency cards, loans, and benefits. Signed by Imran Karim, Vice Chairman and Selim R. F. Hussain, MD & CEO of BRAC Bank.
• Bangladesh Premier League (BPL)minorStrategic or Co-development PartnerSince inception, sister concerns have sponsored three major teams: Dhaka Dynamites, Khulna Titans, and Barisal Bulls from time to time.
• Daraz Online ShoppingminorStrategic or Co-development PartnerPartnership under 'Where is your mask' project for free mask distribution in different districts of Bangladesh.
• Beximco PharmaminorStrategic or Co-development PartnerPartnership under 'Where is your mask' project for free mask distribution in different districts of Bangladesh.
• Khelbei BangladeshminorStrategic or Co-development PartnerMoU for sports and fitness advice and special discounts on all services in Bangladesh for Confidence Group employees and family members.
• BRTLminorStrategic or Co-development PartnerJoint initiative on sustainability pioneering innovative method for responsible waste management. Recognition received for this initiative.
• Newsweek MagazineminorOthersConfidence Group listed in July 2022 Newsweek Magazine as one of the leading companies from Bangladesh.
• Rolls Royce (Norway)coreTechnology or IntegrationGenerator supplier for HFO-fired power plants. Each plant holds 16 generators sourced from Rolls Royce (Norway) and MAN (Germany). Equipment is EU board certified.
• MAN (Germany)coreTechnology or IntegrationGenerator supplier for HFO-fired power plants. Each plant holds 16 generators sourced from Rolls Royce (Norway) and MAN (Germany).
• B.V. Scheepswerf Damen Gorinchem (Netherlands)coreTechnology or IntegrationEquipment supplier for Zodiac Dredging. Cutter Suction Dredgers sourced from Netherlands with low fuel consumption and low maintenance needs.
• Bangladesh Inland Water Transport Authority (BIWTA)coreStrategic or Co-development PartnerGovernment partner for river dredging and navigational access projects. Working on Old Brahmaputra, Dharala, Tulai & Punarbhaba River project worth BDT 3,580 Crore.
• Bangladesh Water Development Board (BWDB)coreStrategic or Co-development PartnerGovernment partner since 2017 for river dredging and bank protection projects. Multiple ongoing contracts including Jamuna River economic zone (BDT 509 Crore) and Padma River protection (BDT 334 Crore).
• Chittagong Port AuthorityminorStrategic or Co-development PartnerPort partner for navigational improvement and dredging operations.
• Mongla Port AuthorityminorStrategic or Co-development PartnerPort partner for navigational improvement and dredging operations.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• BSRM Steels: Bangladesh's largest steel manufacturer. Competes directly with Confidence Steel in rebar and steel products; comparable in scale and serves overlapping construction and infrastructure customers across Bangladesh.
• Rahimafrooz (Stores and Batteries): Bangladesh's leading battery manufacturer competing head-to-head with Confidence Batteries across automotive, IPS, and solar battery categories. Comparable product line and similar B2B/distributor-driven GTM.
• Crown Cement (Crown Cement PLC): Bangladesh cement manufacturer with comparable 1M+ MT capacity, similar customer base (Hyundai, large construction firms), and competing on the same ready-mix and bagged cement segments as Confidence Cement PLC.
• Hamko Corporation: Bangladesh battery and electronics manufacturer competing directly with Confidence Batteries in automotive, IPS, and solar segments. Similar product portfolio and domestic market focus.
• Orion Power (Orion Group): Bangladesh private IPP operator with HFO/gas plants selling to BPDB under similar independent power producer framework. Comparable generation capacity and direct competitor in Bangladesh IPP tender processes.
• Summit Group: Bangladesh's largest independent power producer. Direct peer to Confidence Power Holdings with comparable IPP portfolio selling to BPDB, similar government-contracted business model, and competing in Bangladesh's power generation tender market.

Broad incumbents

• PRAN-RFL Group: Large diversified Bangladeshi conglomerate with comparable conglomerate structure spanning consumer goods, plastics, and infrastructure. Competes for the same government infrastructure contracts and uses similar multi-subsidiary holding structures.
• ACI Limited: Bangladesh diversified conglomerate with consumer products, pharma, and infrastructure exposure. Comparable multi-vertical structure and similar Bangladesh-focused business model; competes for capital, talent, and government attention.
• Bashundhara Group: One of Bangladesh's largest conglomerates with overlapping cement (Bashundhara Cement), power, steel, and infrastructure operations. Broader in scale but directly competitive in cement and infrastructure segments where Confidence operates.

Emerging players

• Abul Khair Steel: Major Bangladeshi steel producer with growing presence in galvanized and structural steel. Competes with Confidence Steel in distribution and large infrastructure projects, though smaller share than Confidence's 85% galvanized dominance.

Market position

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/confidencegrp?lang=en
• Facebookfacebook.com/confidencegroup
• LinkedInlinkedin.com/company/confidence-group

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries20 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Confidence Group