Intraco Group

Name

Intraco Group

Legal name

Intraco Group

Website

https://intracogroup.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Diversified Industrial Conglomerate

NAICS

Petroleum and Coal Products Manufacturing (324)

SIC

Natural Gas Transmisison & Distribution (4923), Pipe Lines (No Natural Gas) (4610), Wholesale-Industrial Machinery & Equipment (5084)

akta.pro industry

PRIMARYTLAGACAB

Intrastate Natural Gas Transmission

Transportation & Logistics/Pipeline Transportation/Natural Gas Transmission Pipelines

Keywords

• Natural gas distribution
• CNG refueling stations
• LPG cylinder manufacturing
• Solar power generation
• Hospitality services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Energy and Gas Sales: Revenue from CNG and LPG refueling stations, natural gas distribution to over 1,000 industries, and gas transportation services including the Bhola to Dhaka CNG transportation project.
2. Power Generation and Sale: ISPL sells electricity to Bangladesh Power Development Board (BPDB) under a 20-year Power Purchase Agreement, generating revenue from the 30 MW solar power plant.
3. Hospitality Services: Revenue from hotel operations including Hotel Agrabad (5-star luxury hotel with 101 rooms in Chittagong) and Days Hotel Dhaka (part of Wyndham Hotel Group), plus convention hall rentals.
4. Real Estate Development: Revenue from residential and commercial property development through Intraco Properties Ltd.
5. Oil Transportation: Oil tanker services transporting oil to Meghna Petroleum Limited and Padma Oil Company Limited.
6. Manufacturing Sales: LPG cylinder manufacturing and sales with annual capacity of 300,000 units. Wellhead booster compressor sales and installation services.
7. Industrial Gas Solutions: B2B natural gas solutions to over 1,000 industries in Bangladesh's private sector.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels3 records

Core offering

Intraco Group is a Bangladeshi conglomerate operating across energy, manufacturing, hospitality, real estate, and transportation sectors. Its core offerings include CNG and LPG refueling stations, natural gas distribution to industrial customers, LPG cylinder manufacturing, grid-tied solar power generation, wellhead booster compressors, oil transportation, luxury hotels, convention hall services, and residential and commercial real estate development.

Product overview

Intraco Group is a diversified conglomerate operating a portfolio of 14 distinct business concerns across multiple sectors. The core offerings include energy infrastructure (CNG/LPG refueling stations via Intraco Refueling Station PLC, natural gas supply through Intraco Energy Ltd., solar power generation via Intraco Solar Power Ltd.), alternative fuel solutions (CNG/LPG conversion services, cylinder retesting), manufacturing (LPG cylinder production with 300,000 annual capacity, wellhead booster compressors through Kwangshin Bangladesh), transportation (oil tanker fleet, Bhola gas transportation), real estate (Intraco Properties), and hospitality (Days Hotel Dhaka part of Wyndham Group, Hotel Agrabad 5-star Chittagong, Intraco Convention Hall). The group follows a platform-plus-concerns architecture where the parent conglomerate provides strategic oversight while each subsidiary operates independently in its respective sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Intraco Refueling Station PLC CNG and LPG refueling station operator that began in 2007 with a small CNG station in Chandpur and expanded to operate three owned stations and control five subsidiary stations, managing ten CNG stations under various gas distribution companies across Bangladesh.
• Intraco Solar Power Ltd. (ISPL) Renewable energy company that operates a 30 MW grid-tied solar power plant in Kaliganj, Lalmonirhat district, commenced commercial operations on August 28, 2022, supplying power to the national grid under a 20-year PPA with BPDB.
• Intraco Energy Ltd. Leading provider of natural gas in Bangladesh's private sector, addressing the deficit in natural gas for industries by providing reliable and efficient gas solutions to over 1,000 industries.
• Intraco CNG/LPG Conversion Alternative fuel conversion services for private and commercial vehicles across Bangladesh, partnering with leading OEMs from Korea, Italy, and Turkey.
• Intraco CNG Cylinder Retest CNG cylinder safety retesting services in compliance with Bangladesh Cylinder Clause-1991, requiring all CNG-converted vehicles to undergo safety retest every five years, partnered with CYM Materiales S.A. from Argentina with facilities in Dhaka and Chittagong.
• LPG Cylinder Manufacturing (Intraco LPG Limited) LPG cylinder manufacturing facility in Cumilla with an annual capacity of 300,000 cylinders of various sizes, ensuring strict compliance with quality, safety, and performance standards.
• Kwangshin Bangladesh Limited Partnership with Kwangshin Machine Industries Co., Ltd. supplying 15 MMSCFD wellhead booster compressors to Bangladesh Gas Company Limited (BGFCL), providing turnkey solutions for wellhead compressors and natural gas pipelines.
• Intraco Oil Tanker Oil transportation services with fleet including OT HEDYA OCEAN and OT HEDYA SEA, delivering significant oil volumes to Meghna Petroleum Limited and Padma Oil Company Limited.
• Intraco Properties Real estate development company that has developed a range of residential and commercial properties, establishing itself as a key player in Bangladesh's real estate sector.
• Days Hotel Luxury hotel part of Wyndham Hotel Group, offering exceptional quality, comfort, and hospitality in Dhaka's safest locations, catering to international guests for business and leisure.
• Hotel Agrabad 5-star luxury hotel in Chittagong with 101 rooms and various amenities, established in 1969 as the group's first venture, maintaining premier status for over five decades.
• Intraco Convention Hall Event venue located in Pragati Sarani, Baridhara Zone with 6,000 square feet floor area accommodating up to 600 guests, ideal for business conferences, weddings, and events.
• Butterfly Park Bangladesh Limited The country's first and only tropical butterfly garden located at 15, Naval Academy Road, Beside Airport, Patenga, Chattogram, serving as a tourism and family entertainment destination.

Quantifiable outcome

• 50+ CNG and LPG refueling stations established across Bangladesh
• +4 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

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

• Sumitomo CorporationflagshipStrategic or Co-development Partner · 1 January 2023Signing of MoU with Sumitomo Corporation for the development of a 200MW floating and ground-mounted solar power plant - the group's largest renewable energy project to date. This strategic partnership advances Bangladesh's renewable energy sector.
• Wyndham Hotel GroupcoreChannel Partner/ Reseller/ Distributor · 1 January 2010Days Hotel Dhaka is part of the Wyndham Hotel Group, operating as a luxury hotel under an international chain affiliation. This partnership brings international hospitality standards and global brand recognition to Intraco Group's hospitality operations in Bangladesh.
• Kwangshin Machine Industries Co., Ltd.coreTechnology or IntegrationKwangshin Bangladesh Ltd. is a joint venture partnership with Kwangshin Machine Industries Co., Ltd. from Korea, specializing in wellhead booster compressor technology and turnkey solutions for natural gas transmission infrastructure in Bangladesh.
• CYM Materiales S.A.coreTechnology or IntegrationPartnership with CYM Materiales S.A. from Argentina to establish CNG Cylinder Retesting plant compliant with Bangladesh Cylinder Clause-1991. Facilities established in Dhaka and Chittagong for safety retesting of CNG-converted vehicle cylinders.
• KRANS Global / KrausminorGTM or Marketing PartnerListed as a major partnership for operational excellence and international collaboration.
• Yilteks EnerjiminorGTM or Marketing PartnerEnergy sector partnership for technology and operational support.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Orion Group: Bangladesh conglomerate with significant power generation (including solar IPP), real estate, and consumer goods operations. Comparable as a Bangladeshi conglomerate with substantial renewable energy IPP portfolio that competes with Intraco Solar in government PPAs.
• Summit Group: One of Bangladesh's largest conglomerates with dominant positions in independent power generation (including large-scale solar), LNG, and infrastructure. Directly comparable to Intraco as a Bangladeshi energy-focused conglomerate with public-market-listed subsidiaries and similar government PPA economics.
• Rahimafrooz: Bangladeshi conglomerate with energy (LPG distribution via drinks/canned LPG), power, and lifestyle businesses. Comparable as a Bangladeshi conglomerate with LPG/energy core, retail distribution, and public-market presence.
• Confidence Group: Bangladesh conglomerate with core LPG distribution and infrastructure businesses, directly overlapping with Intraco's LPG cylinder manufacturing, refueling, and energy distribution franchises. Listed on Dhaka Stock Exchange with similar capital structure.
• Beximco Group: Largest publicly listed Bangladeshi conglomerate with operations in textiles, pharmaceuticals, energy, and real estate. Comparable as a diversified Bangladeshi industrial conglomerate with public-market subsidiaries and similar conglomerate architecture to Intraco Group.
• S. Alam Group: Bangladesh conglomerate with energy (power plants), cement, shipping, and consumer goods operations. Comparable as a Bangladeshi conglomerate spanning energy generation, industrial manufacturing, and shipping — overlapping with Intraco's power generation and oil tanker transportation businesses.
• PRAN-RFL Group: Major Bangladeshi diversified conglomerate spanning food processing, plastics, real estate, and ceramics. Comparable as a large multi-sector Bangladeshi conglomerate with manufacturing, real estate, and consumer-facing operations similar in architecture to Intraco Group.
• Bashundhara Group: One of Bangladesh's largest conglomerates with operations in paper, cement, real estate, LPG, and shipping. Directly comparable as a Bangladeshi conglomerate with similar energy/LPG, real estate, and industrial manufacturing mix, including a publicly listed cement subsidiary.
• Navana Group: Bangladeshi conglomerate with automobile distribution, real estate, LPG, and energy operations. Comparable as a Bangladeshi conglomerate with overlapping LPG, CNG conversion, automotive fuel, and real estate development segments similar to Intraco's diversified portfolio.
• MJL Bangladesh: Listed Bangladeshi company focused on LPG bottling, distribution, and trading. Directly comparable as a Bangladesh LPG-focused player competing in the same cylinder manufacturing, bottling, and downstream distribution markets where Intraco LPG operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IntracoGroup
• LinkedInlinkedin.com/company/intraco-travel

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries14 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 Intraco Group