IFP Group of Companies

What IFP Group of Companies does

IFP Group of Companies is a privately-held Malaysian multi-disciplinary engineering consultancy headquartered in Shah Alam, Selangor, founded in 2001 by Ir. Dr. Ragunath Bharath, who holds a doctorate in Chemical Engineering from Tohoku University, Japan. The group comprises five wholly-owned subsidiaries (IFP Engineering Solutions Sdn. Bhd., IFP Engineering Consultancy Sdn. Bhd., Innovative Fluid Process Sdn. Bhd., IFP Energy Sdn. Bhd., and IFP Bayu Sdn. Bhd.), operating with a headcount of 11-50. IFP provides integrated engineering services for Engineering, Procurement, Construction, and Commissioning (EPCC) projects, spanning process, piping, mechanical, electrical, instrumentation, and civil & structural disciplines, with core verticals in oil & gas, petrochemicals, chemicals, biofuel/green energy, and general industries.

The company's service portfolio covers Feasibility Studies, Basic/FEED, Detail Engineering, Process Safety Studies, Procurement Assistance, Construction Management, Local Authority Approvals, Advanced Process Control, and 3D Modelling. A differentiating technical asset is IFP's role as an authorized reseller and service provider for PlantStream, an automated CAD platform with the world's fastest auto-routing system (Digital Agency of Japan Award, 2022), which enables 3D modeling from project Day 1, Class 3 cost estimates (±15% accuracy), and export interop with AVEVA and Hexagon. Certifications include ISO 9001 (implied via Bureau Veritas logo) and MSC Malaysia status.

IFP generates revenue through professional services fees on EPCC engagements and PlantStream software licensing/implementation, with project-specific, quote-based pricing and no publicly disclosed rates. The go-to-market is enterprise field sales: direct appointments and RFP-driven wins with major clients including PETRONAS, Petron, Shell, Chevron, ExxonMobil, Kaneka, Synthomer, Lotte Ube, Toyochem, Idemitsu, Continental Tyre, Puma Energy, YTL Power, MPOB, and Japanese/Korean EPCs such as Chiyoda, JFE, Sankyu, Hitz, Hansol, and ShinEtsu. Geographic reach spans 12 countries across Southeast Asia, East Asia, Middle East, South Asia, and Central Asia. The company is privately held with no institutional funding or M&A activity detected.

Name

IFP Group of Companies

Legal name

IFP Engineering Solutions Sdn. Bhd.

Website

https://ifp.com.my

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

IFP Group of Companies is a privately-held Malaysian multi-disciplinary engineering consultancy founded in 2001, providing integrated EPCC services in process, piping, mechanical, electrical, instrumentation, and civil & structural disciplines to oil & gas, petrochemical, chemical, and biofuel clients across 12 countries.

Ownership category

akta.pro rank

Product category

Industrial Engineering Consultancy Services

NAICS

Engineering Services (541330)

SIC

Services-Engineering Services (8711)

akta.pro primary industry

Construction Program Management (Multi-site/Portfolio) (IMAFAAAF)

akta.pro secondary industry

Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK)

Keywords

• Engineering consultancy services
• EPCC project services
• Process engineering design
• Front end engineering design
• Plant design services

Headquarters

HQ city

Shah Alam

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering Consultancy Services: Provides multi-disciplinary integrated engineering services including feasibility studies, FEED, and detail engineering for EPCC projects in oil & gas, chemicals, and renewable energy sectors.
2. PlantStream Reseller & Service Provider: Authorized reseller and service provider for PlantStream automated CAD software, offering implementation and support services for the software.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

IFP Group of Companies delivers multi-disciplinary integrated engineering services for Engineering, Procurement, Construction, and Commissioning (EPCC) projects in the energy sector, anchored by process and chemical engineering and spanning piping, mechanical (static and rotating), electrical, instrumentation & control, material handling, and civil & structural disciplines. The firm serves oil & gas, chemicals, petrochemicals, refineries, oleochemicals, and biofuel/green energy clients through services such as Feasibility Study, FEED, Detail Engineering, Process Safety Studies, Procurement Assistance, Construction Management, Local Authority Approval, Advance Process Control, and 3D Modelling, while also acting as an authorized reseller and service provider for PlantStream automated CAD software.

Product overview

IFP Engineering is an engineering consultancy firm offering multi-disciplinary integrated engineering services for the oil & gas, petrochemical, refinery, oleochemical, and general process industries. The company provides a portfolio of engineering services including Feasibility Study, Basic/FEED, Detail Engineering, Process Safety Studies, Procurement Assistance, Construction Management, Local Authority Approval, Advance Process Control (APC), and 3D Modelling. IFP Engineering leverages PlantStream, an authorized automated CAD software with auto-routing capabilities, to deliver plant design services for Feasibility Study (FS), Front End Engineering Design (FEED), and cost estimation. The company operates as part of the IFP Group of Companies providing EPCC (Engineering, Procurement, Construction, and Commissioning) project services.

Differentiator

Problem solved

Functional benefit

Products and services

• PlantStream Automated CAD Software PlantStream is an automated CAD software platform for plant design with the world's fastest auto-routing system, capable of completing a line in less than 30 minutes. IFP Engineering is an authorized reseller and service provider offering implementation, support, and applied engineering services for FS/FEED, cost estimation (Class 3, ±15%), and 3D modeling that can be exported to AVEVA or Hexagon. Targeted at enterprise engineering teams in oil & gas, petrochemical, chemical, and renewable energy projects.
• Feasibility Study Services Market study of feedstock and products, competing technologies evaluation, and financial analysis to support investment decisions for industrial projects. Sold as a discrete service to enterprise clients in oil & gas, petrochemicals, chemicals, and renewable energy sectors.
• Basic / Front End Engineering Design (FEED) Basic and Front End Engineering Design activities performed using the latest engineering software for design and calculations, supporting project definition prior to Final Investment Decision. Delivered to enterprise clients undertaking oil & gas, petrochemical, chemical, and renewable energy capital projects.
• Detail Engineering Services Development of detailed designs and engineering documents through integrated engineering involving extensive interaction of process, piping, mechanical, electrical & instrumentation, and civil engineers. Sold to enterprise clients executing construction-ready industrial projects.
• Process Safety Study Services Identification of process hazards associated with materials used and operating conditions, supporting safe design and operation of client facilities. Delivered to enterprise operators of oil & gas, petrochemical, and chemical plants.
• Procurement Assistance Services Sourcing of vendors, evaluation of offers, preparation of technical evaluations, and post-order activities such as inspection and expediting. Sold as a standalone procurement service to enterprise clients executing industrial projects.
• Construction Management Services Coordination of activities across all phases of the construction process, supporting safe and on-schedule delivery of industrial plant builds. Sold as a standalone construction management service to enterprise clients.
• Local Authority Approval Services Advisory and submission services covering local authority requirements from early-stage Development Order (DO) application through to Certificate of Completion and Compliance (CCC). Sold to enterprise clients executing projects in Malaysia.
• Advance Process Control (APC) Services Advanced process control services for industrial plant optimization, improving operating efficiency and stability of process units. Sold as a discrete technical service to enterprise plant operators.
• 3D Modelling Services Three-dimensional modeling services for plant design and engineering projects, leveraging PlantStream's automated CAD environment and supporting export of models to AVEVA or Hexagon for downstream detail engineering. Sold to enterprise clients across the energy sector.

Named customers18 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

One partnership is on record.

• PlantStreamcoreTechnology or IntegrationIFP Engineering is an authorized reseller and service provider for PlantStream automated CAD software. PlantStream is an automated CAD software with world fastest auto routing system that revolutionizes plant design for speedy and accurate FS/FEED. IFP utilizes PlantStream for feasibility studies, cost estimation, and basic engineering. The partnership was formalized with an official signing ceremony in Yokohama, Japan.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• KBR: Global engineering and government services firm with deep hydrocarbons and energy transition practices. Ir. Abd Rashid Md Sidek held a role at KBR (formerly Brown & Root), and KBR competes with IFP for FEED and PMC work on the same PETRONAS / Asian NOC project pipelines.
• Worley Limited: Global EPCM and consulting firm with strong Asia-Pacific energy, chemicals and energy transition practice. Worley is the canonical comparable for IFP's EPCC-plus-digital-tools service model and competes for the same Asian refinery, petrochem and SAF FEED/detail engineering work.

Regional players

• Sapura Energy Berhad: Malaysian integrated O&G services and solutions company. Sapura and IFP both serve PETRONAS and other Malaysian O&G clients, but Sapura is significantly larger with broader upstream/services scope; useful comparable for regional Malaysian EPCC/Services competitor dynamics.

Direct peers

• Dialog Group Berhad: Malaysian EPCC and specialist services group serving upstream, downstream and renewable energy. Dialog is named by IFP as a partner/client and directly competes for Malaysian O&G, petrochemical and renewable EPCC mandates alongside IFP.
• Chiyoda Corporation: Japanese EPC firm with strong LNG, petrochemical and energy transition track record. IFP founder-CEO Dr. Ragunath began his career as a Process Engineer at Chiyoda, and Chiyoda is publicly listed by IFP as a client reference — making it both a peer and a former-employer / customer link.
• Technip Energies: Global EPCM major with deep petrochemical, refining and energy transition project portfolio. Chairman of IFP Ir. Abd Rashid Md Sidek is a former Executive Director at Technip Energies, evidencing direct competitive and talent overlap in Asian downstream EPCC work.
• JFE Engineering: Japanese EPC firm delivering petrochemical, energy and environmental plants. IFP lists JFE Engineering as a collaboration partner (Toyochem AMP-PE2 detail engineering), and the two compete for the same Japanese-aligned specialty chemicals and petrochem FEED/detail engineering mandates in Southeast Asia.
• Petrofac Limited: UK-listed EPC and energy services company with strong Middle East and Asia-Pacific presence. Petrofac competes with IFP for downstream, gas processing and energy transition EPCC mandates across the same regional client base.
• Hitz (Hitachi Zosen) Engineering: Japanese EPC firm active in petrochemicals, energy and waste-to-energy plants. Hitz is publicly referenced by IFP as a client/partner and represents a comparable Japan-rooted EPC operating in Southeast Asia on the same downstream and renewable fuel project types IFP serves.
• Toyo Engineering & Construction: Japanese EPC firm serving petrochemical, refining and energy projects across Asia. Ir. Abd Rashid Md Sidek previously served as Executive Director at Toyo, and Toyo is named as a comparable culture/peer for IFP's Japan-trained technical leadership and Asian EPCC execution model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ifpengineeringsolutions/?originalSubdomain=my

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 IFP Group of Companies