Panna Group

What Panna Group does

Panna Group is a privately held, founder-controlled Bangladeshi industrial conglomerate headquartered in Dhaka, founded in 1980 by Alhaj Lokman Hossain. It operates through four core subsidiaries: Panna Battery Limited (the largest lead-acid battery manufacturer in Bangladesh, running a 576,000 sq. ft. robotic facility at West Rasulpur, Kamrangirchar producing automotive, motorcycle, IPS, solar, and industrial batteries using licensed German punch and expanded grid technology); Panna Distribution Limited (the group's largest distribution wing, serving 6,250+ dealers nationwide); Altu Khan Jute Mills Limited (a 100% export-oriented jute yarn, twine, and bag producer employing 2,500+ workers, mostly women, and a member of the International Jute Study Group); and Luben Limited (formed in 2014 to distribute Mannol lubricants in Bangladesh). The group also distributes Laufenn tires, markets Panna IPS (Instant Power Supply) systems in Premium (Volvo) and Regular (Supreme) variants, and has begun listing EV batteries and solar panels in its product portfolio.

The business model is asset-heavy industrial manufacturing and distribution. Revenue is generated through hardware sales across batteries, lubricants, tires, jute products, and IPS systems, priced via quote-based B2B arrangements through an authorized dealer channel rather than public list pricing. Panna Battery exports to Dubai, Australia, Russia, Taiwan, Singapore, the Middle East, Nepal, and India, with 2,500+ containers shipped to Dubai annually; the jute subsidiary is 100% export-oriented. Go-to-market combines a dense dealer network, regional offices, owned Volvo-branded service centers in major Bangladeshi cities, and participation in international exhibitions such as Automechanika Dubai (2021 and 2024). Customer segments are diversified across automotive aftermarket (vehicle owners, workshops, dealers), power backup/energy storage (residential, commercial, industrial IPS and solar buyers), and international jute buyers, reducing single-segment dependency but also diluting focus relative to a pure-play battery competitor.

Name

Panna Group

Legal name

Panna Group

Website

https://pannagroupbd.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Panna Group is a privately held Bangladeshi industrial conglomerate, founded in 1980 and headquartered in Dhaka, operating through four subsidiaries in lead-acid battery manufacturing, distribution, jute export, and lubricant distribution, serving 6,250+ domestic dealers and exporting to eight-plus countries.

Ownership category

akta.pro rank

Product category

Battery Manufacturing

akta.pro primary industry

Network Access Control (NAC) Appliances (HDAFAFAH)

Keywords

• Lead-acid battery manufacturing
• Automotive lubricants distribution
• Jute products manufacturing
• Instant power supply systems
• Tire distribution

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Battery Manufacturing and Sales: Lead-acid batteries for automotive, motorcycle, IPS, Solar and industrial applications. Panna Battery Limited is the largest lead-acid battery manufacturer in Bangladesh, exporting to Dubai, Australia, Russia, Taiwan, Singapore, Middle East, Nepal, and India.
2. Mannol Lubricants Distribution: Distribution of Mannol lubricants for automotive and industrial applications through Luben Limited.
3. Jute Products Manufacturing and Export: 100% export-oriented jute yarn, twine and bag production through Altu Khan Jute Mills Limited. Member of International Jute Study Group (IJSG).
4. Tire Distribution: Distribution of Laufenn tires (PCR, SUV) through Panna Distribution Limited.
5. IPS (Instant Power Supply) Products: Panna Advanced IPS products including Premium and Regular lines for power backup solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Panna Group is a diversified Bangladeshi industrial conglomerate that manufactures lead-acid batteries for automotive, motorcycle, IPS, solar, and industrial applications through Panna Battery Limited. It also distributes Mannol lubricants, Laufenn tyres, and Panna IPS power backup systems, and manufactures 100% export-oriented jute yarn, twine, and bags through Altu Khan Jute Mills Limited. The group operates four wholly-owned subsidiaries (Panna Battery Limited, Panna Distribution Limited, Altu Khan Jute Mills Limited, and Luben Limited) supported by a 6,250+ dealer network.

Product overview

Panna Group is a diversified Bangladeshi industrial conglomerate with a portfolio of physical products across battery manufacturing (lead-acid batteries for automotive, motorcycle, IPS, solar, and industrial use), lubricant distribution (Mannol brand), tyre distribution (Laufenn brand), jute manufacturing (yarn, twine, bags), and IPS (Instant Power Supply) systems. The group operates through four main subsidiaries: Panna Battery Limited (largest lead-acid battery manufacturer in Bangladesh), Panna Distribution Limited (distribution wing), Altu Khan Jute Mills Limited (100% export-oriented jute products), and Luben Limited (lubricant distribution). The company was founded in 1980 and has over 45 years of heritage.

Differentiator

Problem solved

Functional benefit

Brands

• Panna Battery Limited (PBL): Strategic business unit of Panna Group; one of the pioneers and most technologically advanced battery manufacturers in Bangladesh, producing automotive, motorcycle, IPS, solar, and other lead-acid batteries.
• Panna Distribution Limited (PDL)
• Altu Khan Jute Mills Limited
• Luben Limited
• Panna IPS
• Volvo Battery
• Panna Rural Development Foundation (PRDF)

Products and services

• Panna Lead-Acid Batteries Lead-acid batteries for automotive, motorcycle, IPS (Instant Power Supply), solar, and industrial applications. Manufactured by Panna Battery Limited using German Punch and Expanded Grid Technology and fully robotic operations. Sold through Panna Distribution Limited's 6,250+ dealer network and exported to Dubai, Australia, Russia, Taiwan, Singapore, Middle East, Nepal, and India.
• Mannol Lubricants Automotive and industrial lubricants including engine oils, industrial products, and car care products distributed in Bangladesh under the Mannol brand by Luben Limited, a subsidiary of Panna Group.
• Jute Yarn, Twine and Bags

Quantifiable outcome

• Manufacturing 150+ product varieties across diversified categories
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Automechanika DubaicoreGTM or Marketing Partner · 1 January 2024Panna Battery Ltd participates in Automechanika Dubai, the premier platform for the automotive aftermarket industry in the Middle East, to showcase latest battery innovations and explore international business opportunities.
• Automechanika Dubai 2021coreGTM or Marketing Partner · 1 December 2021Panna Group participated in the 18th edition of Automechanika Dubai 2021, the Middle East and Africa's largest automotive service industry trade fair.
• Mannol (Global Lubricant Brand)coreTechnology or IntegrationPanna Group distributes Mannol lubricants (including Mannol General Product Overview, Mannol Additives & Car Care products) in Bangladesh through Luben Limited.
• Laufenn (Tire Brand)coreChannel Partner/ Reseller/ DistributorPanna Group distributes Laufenn tires (PCR and SUV categories) through Panna Distribution Limited dealer network in Bangladesh.
• International Jute Study Group (IJSG)minorStrategic or Co-development PartnerAltu Khan Jute Mills Limited, a sister concern of Panna Group, is a member of the International Jute Study Group (IJSG).

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Clarios: World's largest automotive battery manufacturer (formerly Johnson Controls Power Solutions; Varta, Optima, LTH brands). Comparable core product (lead-acid automotive batteries) but operates at global OEM scale, setting the technology benchmark Panna must match for export markets.
• GS Yuasa: Japan-based global battery maker covering automotive, motorcycle, industrial, and lithium-ion. Comparable on motorcycle/automotive lead-acid and industrial backup lines that overlap with Panna's automotive and IPS portfolio.
• EnerSys: Global industrial battery manufacturer covering reserve power, motive power, and aerospace/defense. Comparable in industrial battery segment and in serving power-backup customers (telecom, UPS) — directly relevant to Panna's IPS/industrial product lines.

Others

• East Penn Manufacturing:

Direct peers

• Amara Raja Batteries: Indian lead-acid battery maker (Amaron brand) serving automotive, industrial, and UPS applications. Closely comparable in technology positioning, OEM/aftermarket mix, and emerging-market distribution density to Panna Battery Limited.
• Luminous Power Technologies: Power backup and energy storage specialist with strong lead-acid inverter and home UPS franchise across South Asia. Directly comparable to Panna's IPS and solar-battery product lines and dealer-led go-to-market in Bangladesh/India.
• Exide Industries: India's largest lead-acid battery manufacturer, producing automotive, industrial, motorcycle, and inverter batteries. Comparable in product portfolio, manufacturing scale, and South Asian automotive-aftermarket channel model to Panna Battery Limited.
• CSB Battery: Taiwan-based manufacturer specializing in sealed lead-acid batteries for UPS, telecom, and emergency lighting. Directly comparable to Panna's IPS and industrial backup product lines and a likely source of competitive pressure in export markets such as Taiwan and Singapore where Panna already operates.

Regional players

• PRAN-RFL Group: Bangladesh conglomerate with diversified manufacturing (food processing, plastics, electronics, jute) and large export footprint. Comparable as a Bangladesh-based diversified industrial group with 100% export-oriented units and large workforce.
• Walton Group: Bangladesh's largest consumer-electronics and home-appliance manufacturer with diversified industrial operations. Comparable as a Bangladesh-headquartered diversified industrial group competing for the same domestic distribution and consumer mind-share.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/pannagroup1980
• LinkedInlinkedin.com/company/panna-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 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 Panna Group