Madina

What Madina does

Madina Group is a privately held Bangladeshi diversified industrial conglomerate headquartered in Dhaka, originally founded in 1978 as Madina Trading Corporation and reincorporated as a private limited company in 1987. The group operates 23 business units and employs 6,000+ people across five primary verticals: industrial polymer manufacturing (HDPE pipes and fittings, water tanks, kitchen sinks, gas stoves, water pumps via Madina Polymer Industries Ltd and related units), maritime and logistics (shipping, navigation, fleet management, and shipyard operations under Madina Maritime Ltd, MMR Bangladesh, Bismillah Navigation, Fleet International, and Madina Logistics & Shipping), trading and import/export (cement historically, plus diversified goods through Madina Trading Corporation), agriculture and food distribution (fruit imports from 7+ source regions via Madina Fruits Ltd, cold storage at Chand Sarder and Hazi Salim Cold Storage, and frozen seafood at Madina Heemagar), and adjacent businesses including real estate (Madina Developments Ltd), LPG filling (Madina Filling Services Ltd), and plastic recycling (Madina Recycling Plastic Industries Ltd).

The group's core technology base is conventional industrial manufacturing (polymer processing, foundry, shipbuilding) combined with imported supply-chain logistics and cold-chain storage, supported by a set of internal IT applications (HRIS, Vehicle Management System, Issue Management Application, MIS) used for operational management. The business model is hardware sales for polymer products, transaction-fee based trading and import/distribution for cement, fruits, and maritime services, real-estate development, and cold-storage and LPG-filling service fees. There is no evidence of public listing, external institutional investors, or AI/ML-driven products; ownership and management rest with the Salim family through Managing Director Haji Mohammad Salim and related directors.

Madina Group sells to industrial and construction buyers (cement, polymer pipes, fittings), shipping and logistics clients, wholesale fruit distributors and retailers serving 10-12% of national fruit demand, hardware retailers and plumbing contractors, LPG and real estate consumers, and the broader Bangladeshi consumer market. The group reports over TK. 100 crore in annual contribution to the national exchequer, had approximately TK. 600 crore in turnover in 1999, and sources internationally from Indonesia, China, South Korea, India, Bhutan, Europe, the US, Australia, South America, and the Middle East while distributing primarily within Bangladesh.

Name

Madina

Legal name

Madina Group

Website

https://madina.co

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Madina Group is a privately held Bangladeshi industrial conglomerate operating 23 units and 6,000+ employees across polymer manufacturing, maritime shipping, import trading, fruit distribution, cold storage, real estate, LPG filling, and plastic recycling, serving both B2B industrial buyers and B2C consumers primarily in Bangladesh.

Ownership category

akta.pro rank

Product category

Industrial Conglomerate Manufacturing

NAICS

Fresh Fruit and Vegetable Merchant Wholesalers (42448), Seafood Product Preparation and Packaging (31171), Fish and Seafood Merchant Wholesalers (42446)

SIC

Wholesale-Groceries & Related Products (5140), Prepared Fresh Or Frozen Fish & Seafoods (2092), Wholesale-Hardware & Plumbing & Heating Equipment & Supplies (5070)

akta.pro primary industry

Grain & Oilseed Trading/Wholesale (AFAIAKAA)

akta.pro secondary industry

Nuts, Seeds & Dried Fruit Trading/Wholesale (AFAIAKAF)

Keywords

• Polymer manufacturing
• Maritime shipping
• Fruit import distribution
• Cold chain storage
• Real estate development

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Polymer Products: Manufacturing and sales of HDPE pipes, fittings, water pumps, kitchen sinks, gas stoves through Madina Polymer Industries Ltd
2. Trading Operations: Import and distribution of cement (originally from Indonesia, China, South Korea), fruits, and other goods through Madina Trading Corporation
3. Maritime and Logistics: Shipping services, logistics, and fleet management through Madina Maritime Ltd, Madina Logistics & Shipping Ltd, MMR (Bangladesh), Bismillah Navigation Ltd, Fleet International Ltd
4. Fruits Import and Distribution: Import and distribution of fruits (apples, grapes, pomegranates, oranges, Malta, dates) from India, Bhutan, Europe, America, Australia, South America, Middle East through Madina Fruits Ltd
5. Real Estate Development: Property development through Madina Developments Ltd
6. Cold Storage Services: Cold storage facilities for agricultural products through Chand Sarder Cold Storage Ltd and Hazi Salim Cold Storage Ltd
7. Petroleum/LPG Filling: LPG filling services through Madina Filling Services Ltd

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Madina Group is a diversified Bangladeshi conglomerate that manufactures and distributes industrial polymer products (HDPE pipes, fittings, water pumps, kitchen sinks, gas stoves, water tanks), operates maritime shipping and logistics services, imports and distributes fruits, and provides real estate development, cold storage, and LPG filling services across 23 business units.

Product overview

Madina Group is a diversified conglomerate operating across multiple industries including polymers/manufacturing, maritime/shipping, trading, real estate development, cold storage/fisheries, and logistics. The group operates 23 business units with a portfolio spanning industrial polymer products (water tanks, pipes, pumps, kitchen sinks, gas stoves), maritime operations (shipping, logistics, shipyard), agricultural supply chain (fruit imports, cold storage, fisheries), and enterprise software tools for internal operations. The core manufacturing businesses are Madina Polymer Industries Ltd and Madina Poly Fibre Limited, while maritime operations are consolidated under Madina Maritime Ltd with subsidiaries including MMR, Bismillah Navigation, and Fleet International. Trading operations began in 1978 as Madina Trading Corporation and the group expanded into diverse sectors over subsequent decades.

Differentiator

Problem solved

Functional benefit

Products and services

• HDPE Pipes and Fittings High-density polyethylene pipes and fittings manufactured by Madina Polymer Industries Ltd, used for water distribution and industrial applications by construction companies, plumbing contractors, and industrial buyers.
• Polymer Water Storage Tanks Polymer water storage tanks for residential and industrial use, manufactured by Madina Polymer Industries Ltd.
• Madina Kitchen Sinks Polymer-based kitchen sinks produced for residential and commercial use by Madina Kitchen Sink subsidiary.
• Madina Water Pumps Water pumps and cast iron foundry products manufactured by Madina Pump & Foundry for plumbing, water management, and industrial use.
• Madina Gas Stoves Polymer-cased gas stoves for household cooking, manufactured by Madina Polymer Industries Ltd.
• Teflon Tape Thread sealing tape for plumbing and pipe fitting applications, distributed under the Madina Polymer product line.
• Polyester Fiber Products Polyester fiber products for industrial and commercial applications, produced by Madina Poly Fibre Limited.
• Imported Fruit Distribution Import and distribution of fresh fruits (apples, grapes, pomegranates, oranges, Malta, dates) sourced from multiple countries, operated by Madina Fruits Ltd and supplying approximately 10-12% of Bangladesh's total fruit demand.
• Cold Storage Services Cold storage services for agricultural products and imported fruits, operated through Chand Sarder Cold Storage Ltd and Hazi Salim Cold Storage Ltd.
• Maritime Shipping Services Maritime shipping, vessel operations, navigation, and international fleet management services operated through Madina Maritime Ltd, Bismillah Navigation Ltd, Fleet International Ltd, and MMR (Bangladesh) Limited.
• Logistics and Freight Shipping Logistics and freight shipping services operated by Madina Logistics & Shipping Ltd for domestic and international cargo movement.
• Real Estate Development Property development and real estate investment services offered through Madina Developments Ltd for property developers, investors, and homebuyers.
• LPG Filling Services LPG gas cylinder filling and distribution services provided by Madina Filling Services Ltd.
• International Trading and Cement Imports International trading and import/export operations including cement, originally imported from Indonesia, China, and South Korea, operated by Madina Trading Corporation (Pvt.) Ltd since 1978.
• Shrimp and Frozen Seafood Processing Shrimp and frozen seafood processing and export operations managed by Madina Heemagar Ltd for fisheries and aquaculture markets.
• Plastic Recycling Services Plastic recycling and reprocessing operations operated by Madina Recycling Plastic Industries Ltd for sustainable polymer reuse.

Quantifiable outcome

• Annual contribution of over TK. 100 crore to national exchequer
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Akij Group: Bangladeshi conglomerate with food, beverage, textile, and consumer goods operations. Comparable as a privately controlled, multi-vertical Bangladeshi group with food processing and distribution at scale.
• PRAN-RFL Group: One of Bangladesh's largest diversified conglomerates spanning food and beverage manufacturing, plastics, and trading. Most directly comparable to Madina as a privately held, family-controlled Bangladeshi group operating across food processing, polymer products, and consumer durables.
• Transcom Group: Diversified Bangladeshi group with interests in distribution, food and beverage, media, and real estate. Comparable to Madina's distribution-led business model in food products and consumer goods across Bangladesh.
• Abul Khair Group: Bangladeshi conglomerate with operations in steel, cement, tobacco, and consumer products. Comparable to Madina as a privately held group with significant cement, construction materials, and consumer products exposure in Bangladesh.
• ACI Limited: Bangladeshi conglomerate with consumer brands in food, pharmaceuticals, and agribusiness. Comparable to Madina's branded food distribution and cold-chain businesses, and a useful reference point for share-of-wallet within Bangladesh's wholesale produce market.
• Square Group: Diversified Bangladeshi group spanning pharmaceuticals, consumer products, and food. Comparable as a privately controlled Bangladeshi conglomerate with vertically integrated manufacturing and distribution across multiple consumer verticals.
• Bashundhara Group: One of Bangladesh's largest privately held conglomerates with operations in cement, paper, real estate, LPG, and food. Closely comparable to Madina's cement trading origins, polymer products, LPG filling, and real estate development verticals.
• Meghna Group of Industries: Bangladeshi conglomerate active in cement, steel, plastics, food, and shipping. Comparable to Madina's polymer manufacturing, cement trading heritage, and maritime/shipping exposure.
• Beximco Group: Diversified Bangladeshi conglomerate with operations in textiles, pharmaceuticals, ceramics, and trading. Comparable in scale and multi-vertical structure, and unlike Madina, Beximco is publicly listed — making it a useful benchmark for capital markets expectations of large Bangladeshi groups.

Regional players

• Walton Hi-Tech Industries: Large Bangladeshi manufacturer of consumer electronics, appliances, and compressors. Comparable as a Bangladeshi-based manufacturer leveraging domestic scale and distribution, though concentrated in electronics rather than food/maritime.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MadinaCo-1523972364365999
• LinkedInlinkedin.com/company/madina-group-bangladesh

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries16 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 Madina