What Banglamark does

Banglamark Limited, headquartered in Dhaka, Bangladesh, is a privately held diversified industrial and engineering conglomerate founded around 2011 that operates a portfolio of 14+ specialized divisions spanning Energy & Power, Marine Solutions, Engineering & Construction, Oil & Gas, Heavy Equipment, Textile Machinery, Industrial & Machinery, Automobiles (passenger and commercial vehicles), Agro, Intelligence & Defense, Turnkey Plant Solutions, and Complex PMO, plus an Information & Technology division. Its core industrial offering is the design, supply, installation, and maintenance of equipment, machinery, plants, and EPC turnkey projects — most notably across Bangladesh's LPG value chain, where it claims 80% of national LPG projects as EPC/EPS turnkey solutions. The company is the authorized Bangladesh dealer for global OEMs including FPT (Italy), GRUPEL (Portugal), 2G (USA), LIUGONG (heavy equipment, awarded Outstanding Regional Dealer in Asia for 2024), and MAGIRUS AG (firefighting), and runs modern workshop/service centers in Dhaka and Chattogram staffed by foreign-trained technicians, with 5,000–10,000 spare parts line items held in local inventory and 24/7 emergency support.

Banglamark monetizes across multiple revenue streams: hardware sales of equipment and plants, EPC turnkey professional services for gas/energy/marine/defense infrastructure, managed services and annual maintenance contracts, equipment rental (cranes on wet hire, aerial lifts on dry hire), and a growing marketplace/commission layer through its digital sub-brands. Its go-to-market is enterprise field sales directed at Bangladesh government organizations and private-sector enterprises, supported by a regional office network (Comilla, Jessore, Mymensingh, Rangpur, Naogaon) and select digital storefronts. Customer segments are organized as vertical business units, with Energy & Power, Oil & Gas, and Construction & Infrastructure designated as primary.

The technology surface blends heavy industrial engineering with a consumer digital footprint: LPG cylinder manufacturing turnkey lines, LNG storage and handling facilities, marine vessels and dredging equipment, fire-rescue systems (MAGIRUS), defense and cyber-intelligence solutions, Marksan agricultural harvesters, and LoRa/digital-radio security systems, alongside IT sub-brands — Kablewala (B2B/B2C e-commerce established 2017), Flobil (travel ticketing), Flocash (virtual MasterCard), Cylinderwala (LPG delivery), Hurry Up (ride sharing with reverse bidding), FloKoin (coupons across Bangladesh, Singapore, Malaysia), StyleEx (fashion), Saffron (~300-brand beauty chain), Bauma World (heavy-equipment B2B marketplace), and Banglamark FinTech with bKash, Nagad, Upay and Rocket wallet integrations. Leadership is Managing Director Md. Rafiqul Islam and Deputy Managing Director Md. Sirajul Islam; ownership is founder/management-held with no identified institutional investors.

Name

Banglamark

Legal name

Banglamark Limited

Website

https://banglamark.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Banglamark Limited is a privately held, Dhaka-based diversified industrial conglomerate that designs, supplies, installs, and maintains heavy equipment, machinery, and EPC turnkey plants across Bangladesh's energy, oil & gas, marine, construction, defense, agro, and textile sectors for government and private-sector clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Equipment and Plant Supply: BANGLAMARK supplies equipment, plants, and systems across multiple sectors including LPG, LNG, SNG, CNG, Oil & Gas Filling Station, Storage Tank Terminal, power generation products, construction equipment, marine solutions, and industrial machinery. Revenue is generated through equipment sales, plant construction, and system supply contracts.
2. EPC and Turnkey Solutions: For a decade BANGLAMARK has been dominating the Bangladesh LPG market and has been awarded 80% of LPG projects in Bangladesh as EPC and EPS turnkey-based solutions. The company provides complete project solutions from design, engineering, procurement to construction and commissioning.
3. Service and Maintenance: Comprehensive after-sales and maintenance services including annual maintenance contracts (AMC), on-site and emergency services 24/7, spare parts supply, and training programs. Service covers construction equipment, marine equipment, engines, hydraulic systems, gas equipment, and electronic systems.
4. Equipment Rental: Equipment rental business comprising crane rentals (typically wet hire with operator) and aerial lift rentals (typically dry hire without operator). Also includes turnkey project engineering services primarily in Chittagong and Dhaka City of Bangladesh.
5. Spare Parts Trading: Trading of both new and used cranes and aerial lifts, sale and distribution of spare parts for cranes and aerial lifts. Maintains 5,000-line to 10,000-line items in local inventory at Dhaka and Chittagong.
6. E-Commerce and Digital Platforms: Multiple digital platforms including Kablewala Bangladesh e-commerce marketplace (B2B and B2C), Flobil online travel and ticketing service, FloKoin coupon and deal platform, Cylinderwala on-demand LPG service, Hurry Up ride sharing app, and Bauma World heavy equipment marketplace.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Banglamark is a diversified Bangladeshi conglomerate supplying industrial equipment, machinery, and turnkey project solutions across energy, marine, oil & gas, construction, agro, defense, textile, and automotive sectors, acting as authorized dealer for global brands like LIUGONG, FPT, GRUPEL, 2G, and MAGIRUS AG. The company dominates Bangladesh's LPG market (80% project share) and complements its industrial portfolio with IT-enabled services including e-commerce (Kablewala, Bauma World), FinTech, ride-sharing (Hurry Up), LPG delivery (Cylinderwala), and travel/coupon platforms.

Product overview

Banglamark is a diversified Bangladeshi conglomerate offering an integrated portfolio of industrial solutions across multiple divisions. The company operates as a platform of specialized divisions including Energy & Power (authorized dealer of FPT, Grupel, 2G), Marines Solution, Engineering & Construction, Oil & Gas (dominating 80% of Bangladesh LPG market), Heavy Equipment (BHI-LiuGong dealer), Textile Machinery, Industrial & Machinery, Automobiles (passenger and commercial vehicles), Agro Solution, Intelligence & Defense, Turnkey Plant Solutions, and Complex PMO. The portfolio is complemented by an IT division with sub-brands including Kablewala e-commerce (established 2017), FinTech platform (Flobil, Flocash), Cylinderwala (LPG delivery app), Hurry Up (ride sharing with reverse bidding), and FLOKOIN (coupon platform). Additional services include spare parts supply (5,000-10,000 line items), equipment rental, and technical training. The company also manufactures agro machinery including the Marksan Harvester and multicrop combine harvesters (BM-52, BM-72) for mechanized rice cultivation.

Differentiator

Problem solved

Functional benefit

Brands

• Cylinderwala: Mobile app-based online platform for LPG gas cylinder delivery and services
• Hurry Up
• FloKoin
• Flobil
• Kablewala
• StyleEx
• Saffron
• Bauma World
• Flocash
• Banglamark FinTech

Products and services

• Energy & Power Division Power generation, transmission, distribution, renewable energy, switchgear, and transformer supply and installation for energy and power sector clients.
• Marines Solution Division Supply of marine engines, generators, propulsion, deck machinery, navigation, fire fighting, life saving, vessels, and dredging equipment for maritime and offshore clients.
• Engineering & Construction Infrastructure design and construction services including roads, bridges, electromechanical works, tank terminal construction, feasibility, project management, offshore/marine construction, and dredging/reclamation.
• Oil & Gas Division Turnkey supply of LPG, LNG, SNG, CNG equipment and systems, oil and gas filling stations, storage tank terminals, and LPG cylinder manufacturing plants on EPC basis.
• Heavy Equipment Division (BHI) Authorized LIUGONG dealer supplying construction equipment, lifting equipment, concrete machinery, warehouse equipment, port equipment, material handling, and commercial vehicles.
• Textile Machinery Supply of spinning, dyeing and printing, fabric forming, garments, and textile lab machinery for Bangladesh's textile manufacturers.
• Industrial & Machinery Industrial plant solutions, food and beverage equipment, turnkey cement plants, industrial machines, and industrial hydraulic solutions.
• Passenger Vehicle Division Sales of Dongfeng Nammi Box, Dongfeng Vigo, Dongfeng 007, and Forthing Friday passenger vehicles.
• Commercial Vehicle Division Sales of Captain E3500 and Captain T1400 commercial trucks.
• Agro Solution Agro machinery, crop protection, plant growth regulators, fertilizers, seeds, and pesticides for Bangladesh's farming sector.
• Intelligence & Defense Division Defense equipment, law enforcement tools, security systems, tactical and cyber intelligence, digital radios, trunking solutions, and body cameras for government clients.
• Turnkey Plant Solution Turnkey plant solutions for environment, petrochemical, desalination, chemical, fertilizer, pharmaceutical, water treatment, cement, steel structure, and oil and gas refining facilities.
• Complex PMO Division Complex project management services for port handling, maritime and harbor, fire rescue, ground support, medical, and utility solutions.
• Rental Service Heavy lifting equipment rental (cranes, aerial lifts) for infrastructure, construction, marine, and oil and gas industries, including turnkey project engineering.
• Spare Parts Genuine spare parts trading with 5,000 to 10,000 line items in local inventory, 24/7 online ordering, and warranty support.
• Service & Maintenance Comprehensive after-sales maintenance, AMC, on-site and emergency services 24/7, and training programs for construction, marine, engine, hydraulic, gas, and electronic systems.
• Training & Knowhow Technical training services covering equipment operation, maintenance, application, and industry knowhow.
• Kablewala Bangladesh Multi-seller B2B and B2C e-commerce marketplace where sellers join to sell legal products, with mobile wallet payment integration.
• Flobil Online travel service and ticketing platform for bus tickets, hotel reservations, and launch tickets with paperless kiosk-based services.
• Flocash (VCN) Prepaid virtual MasterCard for travel agents enabling direct payments to airlines, hotels, car and tour operators without cash deposits.
• Cylinderwala Mobile app-based on-demand platform for direct LPG gas cylinder ordering and home delivery with live order tracking and online payment.
• Hurry Up Ride sharing app with reverse bidding fare selection, 0% commission for captains, scheduled rides, and emergency security features.
• FLOKOIN International coupon and deal platform operating in Bangladesh, Singapore, and Malaysia, offering discounts and paid deals for shoppers.
• Bauma World B2B digital marketplace for construction equipment, machinery, commercial vehicles, earth moving equipment, lifting equipment, port equipment, spare parts, and rental services.

Quantifiable outcome

• 80% market share in Bangladesh LPG projects
• +2 more outcomes

Named customers4 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered supporting and core.

• Bangladesh Rice Research Institute (BRRI)supportingStrategic or Co-development Partner · 8 November 2024Bangla Mark Limited supports the Farm Equipment Research Enhancement Project, organizing training workshops for agricultural machinery manufacturers under BRRI's leadership. Partnership focused on promoting mechanized rice cultivation in Bangladesh.
• LIUGONG MachinerycoreChannel Partner/ Reseller/ Distributor · 1 January 2024BANGLAMARK Group has been named one of the Best Dealers in the Asian region by LIUGONG Machinery Company, awarded as Outstanding Regional Dealer in Industrial Vehicle. This partnership highlights BANGLAMARK's commitment to excellence in the heavy machinery sector.
• FPT (Italy)coreChannel Partner/ Reseller/ DistributorBANGLAMARK GROUP is the authorized dealer of FPT (Country of origin: Italy) in Bangladesh for power generation products including diesel and gas generator sets.
• GRUPEL (Portugal)coreChannel Partner/ Reseller/ DistributorBANGLAMARK GROUP is the authorized dealer of GRUPEL (Country of Origin: Portugal) in Bangladesh for power generation products.
• 2G (USA)coreChannel Partner/ Reseller/ DistributorBANGLAMARK GROUP is the authorized dealer of 2G (Country of Origin: USA) in Bangladesh for power generation solutions.
• MAGIRUS AGcoreChannel Partner/ Reseller/ DistributorBANGLAMARK represents world-renowned leading firefighting solution and vehicle manufacturer MAGIRUS AG. Under CNH Group, FIATO MOTORS Division coordinates with Magirus and BANGLAMARK Complex PMO executes all tender inquiries accordingly.
• DoosansupportingTechnology or IntegrationAlliance partner for power generation products, one of the major strengths in technical expertise offerings.
• AGCO PowersupportingTechnology or IntegrationAlliance partner for power generation products.
• SOJOsupportingTechnology or IntegrationAlliance partner for power generation products.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• PRAN-RFL Group: Bangladesh diversified conglomerate spanning agro-processing, plastics, electronics, and engineering. Comparable in scale and breadth of Bangladesh-based industrial verticals; competes for government contracts and enterprise customers in adjacent agricultural and industrial machinery segments.
• XCMG: Chinese heavy machinery OEM with broad product portfolio spanning cranes, construction equipment, concrete machinery, and material handling. Comparable to Banglamark's Heavy Equipment portfolio and competitive in the global equipment market that Banglamark accesses via its dealer model.
• SANY Group: Global Chinese heavy machinery manufacturer offering construction equipment, cranes, concrete machinery, and ports equipment. Competes with Banglamark's Heavy Equipment Division product lines and represents the global incumbent set Banglamark's dealership model competes alongside.
• ACI Limited: Bangladesh-based diversified conglomerate with operations in consumer goods, agribusiness, pharmaceuticals, and chemicals. Comparable as a major Bangladeshi diversified industrial group with similar agricultural, manufacturing, and digital-venture dimensions to Banglamark's portfolio.
• BEXIMCO Limited: One of Bangladesh's largest diversified conglomerates with operations in textiles, pharmaceuticals, trading, and engineering. Comparable as a Bangladesh-based multi-vertical conglomerate that competes for corporate talent, government relationships, and capital attention in the same domestic market.
• LiuGong Machinery: Chinese heavy machinery OEM that names Banglamark its Outstanding Regional Dealer in Asia. Comparable as the underlying product source for Banglamark's construction, lifting, and material-handling equipment business; relevant for understanding the global competitive set in heavy equipment.
• Doosan Heavy Industries & Construction: South Korean industrial conglomerate providing power generation, construction equipment, and oil & gas solutions. Banglamark is an alliance partner for Doosan's power generation products; the relationship places Banglamark in Doosan's global distribution orbit for energy and industrial machinery.

Direct peers

• Tata Projects: Indian EPC turnkey solutions provider executing large infrastructure, oil & gas, and industrial plant projects. Comparable to Banglamark's Engineering & Construction, Oil & Gas, and Turnkey Plant Solution divisions in project execution capability and multi-sector EPC model.
• Energypac Electronics: Bangladesh-based power generation and industrial electrical equipment company. Direct peer in energy/power generation products, switchgear, and transformer supply competing in the same Bangladeshi market against Banglamark's Energy & Power Division.

Emerging players

• Punj Lloyd (now MEGHA Engineering & Infrastructure): South Asia-based EPC contractor executing oil & gas, infrastructure, and industrial projects. Comparable to Banglamark's Engineering & Construction and Oil & Gas divisions in EPC turnkey execution for refineries, terminals, and infrastructure projects in emerging markets.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@banglamarkgroup
• Facebookfacebook.com/BANGLAMARKGROUP
• LinkedInlinkedin.com/company/banglamarkagro

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 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 Banglamark