Highspeed Group

What Highspeed Group does

Highspeed Group of Companies is a Bangladeshi family-owned diversified conglomerate founded in 1970 during the Pakistan era, operating across maritime, shipbuilding, heavy engineering, freight forwarding, and commercial construction. The group operates through three core subsidiaries: Highspeed Shipbuilding & Heavy Engineering Co. Ltd. (one of the oldest shipbuilders in Bangladesh, with 158 vessels built, 5 heavy slipways capable of lifting vessels up to 3000 DWT, 3 large cranes including a tower crane, a full-fledged workshop, and a 1000 KVA dedicated substation); Highspeed Maritime Company Ltd. (HMC), which manages a fleet of 21 oil tankers (500-2000 DWT) under long-term and time/trip charter contracts with state oil companies (Padma, Meghna, Jamuna), operates two passenger vessels on the Chandpur route, and holds a joint venture with ONE (Ocean Network Express) shipping agency in Bangladesh; and Birds Multimodal Services Ltd (BMSL), established in 1996 for freight forwarding with sea/air, customs clearance, project cargo, and warehousing services. Customer concentration sits heavily in government and state-owned enterprise segments (Bangladesh Railway, BIWTA, BIWTC) alongside industrial customers (GPH Ispat, Bashundhara Group) and international principals (Mitsui O.S.K. Line, Maldives State Shipping, Global Corporation Logistics). Historical joint ventures with Mitsui Group of Japan and Interbeton BV of the Netherlands established the group's industrial credentials.

The business model blends transaction-based charter and freight forwarding fees with project-based shipbuilding, repair, and construction contracts. Revenue streams include POL carriage via charter (transaction fees), edible oil transportation from Chittagong to inland depots (transaction fees), shipbuilding and heavy engineering (project-based), watercraft repair services, shipping agency commissions, freight forwarding, and commercial real estate construction. GTM motion is enterprise field sales with long-term contracts and direct B2B relationships; no marketing channels are formally documented, and customer acquisition relies on reputation and incumbent relationships. The group employs hundreds of skilled and semi-skilled personnel across offices in Dhaka, Chattogram, and Khulna, with headquarters at Motijheel Commercial Area in Dhaka. The company is family-controlled with K. M. Mahmudur Rahman (son of founder) as Chairman, Farzana Rahman as Vice-Chairperson, and family members holding directorships; no external institutional investment has been disclosed.

Name

Highspeed Group

Legal name

Highspeed Group of Companies

Website

https://highspeedbd.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Maritime and Shipping Services

NAICS

Ship Building and Repairing (336611), Construction Machinery Manufacturing (33312), Ship and Boat Building (3366)

SIC

Deep Sea Foreign Transportation Of Freight (4412), Arrangement Of Transportation Of Freight & Cargo (4731), Special Industry Machinery (No Metalworking Machinery) (3550)

akta.pro primary industry

Heavy-Lift & Project Cargo Vessel Shipbuilding (IMAJAAAJ)

Keywords

• Shipbuilding services
• Maritime transportation
• Freight forwarding
• Vessel repair
• Petroleum shipping

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Shipbuilding and Engineering: Design and construction of watercraft including oil tankers, deep sea freezer trawlers, dredgers, coasters, cargo vessels, floating barges, docks, patrol boats, troops carriers, and floating cranes. Also heavy engineering including industrial plants, storage tanks, rolling stock, steel towers, deck machinery, cargo handling equipment, boilers, heat exchangers, and steel structures.
2. POL Carrier Services: Fleet of 21 oil tankers deployed under long-term as well as time and trip charters to Padma, Meghna, Jamuna oil companies. Capacity ranges from 500 DWT to 2000 DWT.
3. Edible Oil Transportation: Fleet transports soybean oil from Chittagong reserve depots to inland distribution depots. Also performs lighterage work to transfer oil from mother vessels to reserve depots. Capacity ranges from 800 DWT to 1600 DWT.
4. Watercraft Repair Services: Extensive repair facilities for vessels ranging from 500 DWT to 3000 DWT including oil tankers, dry cargo vessels, passenger ferries, tugs, deep sea fishing trawlers, barges, and specialized vessels.
5. International Shipping Agency: Shipping agency representation for Mitsui O.S.K. Line (bulk carrier service), Maldives State Shipping, and Global Corporation Logistics in Bangladesh.
6. Freight Forwarding Services: Birds Multimodal Services Ltd (BMSL) provides sea and air transportation, consolidation/de-consolidation, customs clearance, project cargo, warehousing, and consultancy services.
7. Passenger Vessel Operations: Operates two passenger vessels on Chandpur route. Owns tugboat and barge offered for short-term charter service.
8. Construction Services: Real estate construction including commercial buildings with earthquake resistance, modern fire detection, security surveillance, passenger lifts, and premium finishes.

Go-to-market motion1 record

Distribution channels5 records

Core offering

Highspeed Group is a diversified Bangladeshi conglomerate providing shipbuilding and heavy engineering, watercraft repair, international shipping agency, freight forwarding, petroleum and edible oil transportation, passenger vessel operations, and commercial construction. Operates its own shipyard with 5 heavy slipways (up to 3000 DWT), a fleet of 21 oil tankers, and joint ventures with Mitsui Group of Japan and Interbeton BV of the Netherlands.

Product overview

Highspeed Group is a diversified conglomerate offering maritime, logistics, and construction services through its subsidiaries. The portfolio comprises shipbuilding and heavy engineering through Highspeed Shipbuilding & Heavy Engineering Co. Ltd., international shipping agency services through Highspeed Maritime Company Ltd. (HMC) representing ONE and Mitsui O.S.K. Line, multimodal freight forwarding via Birds Multimodal Services Ltd (BMSL), watercraft repair services with 5 slipways capable of handling vessels up to 3000 DWT, petroleum transport with a fleet of 21 oil tankers (500-2000 DWT), edible oil carriage (800-1600 DWT), passenger vessel operations on the Chandpur route plus charter tugboat and barge services, and commercial real estate construction. The company operates shipyards with joint ventures including Mitsui Group of Japan and Interbeton BV of the Netherlands.

Differentiator

Problem solved

Functional benefit

Products and services

• Shipbuilding and Heavy Engineering

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Mitsui Group of JapancoreStrategic or Co-development PartnerJoint venture with Mitsui Group of Japan hailed as a milestone in the history of shipbuilding and heavy engineering sector in Bangladesh. Currently continue to represent Mitsui O.S.K. Line for its bulk carrier service in Bangladesh.
• Interbeton BV of the NetherlandscoreStrategic or Co-development PartnerJoint venture with Interbeton BV of the Netherlands was hailed as a milestone in the history of shipbuilding and heavy engineering sector in the country.
• ONE (Ocean Network Express)majorStrategic or Co-development PartnerHighspeed Maritime Company Ltd (HMC) formed a joint venture with and obtained substantial shareholding along with directorship from ONE's representative Shipping Agency in Bangladesh. ONE was formed when Mitsui merged with two other Japanese lines.
• Maldives State Shipping (MSS)majorChannel Partner/ Reseller/ DistributorCurrently acting as agents for Maldives State Shipping, which is the national carrier of Maldives.
• Global Corporation Logistics (GCL)majorChannel Partner/ Reseller/ DistributorRepresenting Global Corporation Logistics in Bangladesh. GCL is a renowned shipping company headquartered in the Sultanate of Oman.
• Italdraghe (Italy)minorStrategic or Co-development PartnerJoint collaboration with Italy's Italdraghe for dredger construction project.
• International Manufacturers (USA and Europe)minorChannel Partner/ Reseller/ DistributorFrom time to time, the group had also represented renowned manufacturers of the USA and Europe.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Khulna Shipyard Limited: State-owned Bangladeshi shipyard in Khulna. Competes with Highspeed for government contracts including BIWTA/BIWTC vessel construction, repair and inland waterway craft.
• Ananda Shipyard & Slipways Limited: Bangladeshi shipbuilder and repairer serving government and commercial clients. Closely comparable in vessel construction (tankers, tugs, barges, patrol craft) and slipway-based repair services.
• Western Marine Shipyard Limited: Bangladesh's largest publicly listed shipyard, building and repairing ocean-going and inland vessels. Directly comparable to Highspeed's shipbuilding, repair and POL/marine transport operations in the same Bangladeshi market.
• Chittagong Dry Dock Limited: Government-owned ship repair facility in Chattogram handling commercial and naval vessels. Direct competitor in the same port city for slipway-based ship repair services.

Regional players

• Cochin Shipyard Limited: India's largest commercial shipbuilder, building larger vessels and offshore platforms. Comparable in shipbuilding capabilities but operating at much larger DWT scale in a different national market.

Broad incumbents

• Kuehne+Nagel International AG: Global freight forwarding and logistics giant. Comparable to Highspeed's Birds Multimodal Services Ltd subsidiary in international sea/air freight forwarding and customs clearance services.
• Meghna Group of Industries: Large Bangladeshi diversified conglomerate with significant inland POL distribution and shipping exposure. Competes with Highspeed in POL transportation across Bangladesh waterways and offers overlapping industrial/services scope.
• Summit Group: Bangladeshi conglomerate with LNG, power, port, and shipping interests. Overlaps with Highspeed in maritime services, infrastructure, and government contract-driven business lines.

Others

• DHL Global Forwarding: World's largest ocean and air freight forwarder. Competes with BMSL in multimodal forwarding, customs brokerage, project cargo, and warehousing across Bangladesh and the broader region.
• Mitsui O.S.K. Lines: Japanese global shipping line and Highspeed's historical JV partner / current agency principal. Comparable in ocean-going bulk carrier services and shipping agency representation, though operating at vastly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/highspeedbd
• LinkedInlinkedin.com/company/highspeedbd

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries3 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 Highspeed Group