ING-GRAD
ING-GRAD d.d. is a Zagreb-based, Zagreb-Stock-Exchange-listed Croatian construction contractor (since March 2025) delivering commercial, residential, energy/infrastructure, and cultural-heritage restoration projects for government, institutional, and private clients, with particular expertise in post-earthquake reconstruction of historic buildings.
- Company typePublic
- Founded1985
- HeadquartersZagreb, Bosnia & Herzegovina
- Headcount101–250
- GTM typeB2B
- OfferingServices
What ING-GRAD does
ING-GRAD d.d. is a Croatian public limited company headquartered in Zagreb at Kalinovica 3, founded in 1985 and operating under its current name since 1991. It is a full-service construction contractor organized across four operational pillars: (1) commercial and residential buildings (offices, shopping centers, production facilities, residential complexes); (2) tourist and public buildings (museums, hotels, public-use buildings); (3) energy and infrastructure (wind farms, district-heating network revitalization, petrol stations); and (4) cultural heritage restoration (historically significant buildings, forts, palaces, sacred architecture, bridges, and post-earthquake reconstruction). Across 35+ years, the company has executed around 200 construction projects, including more than 80 heritage restorations, with notable assignments including the Museum of Slavonia in Osijek, the St. Mark's Church roof in Zagreb, the Museum Mimara, and the Ivan Dežmana 10 seismic reconstruction.
Its technical differentiation lies in combining modern construction methods (FRCM structural strengthening, energy-efficient renovation, photovoltaic integration) with traditional craft techniques preserved from old guilds — for example, lime plaster produced to original recipes with natural pigments from larch-wood ash, photogrammetric reproduction of original Hermann Bollé tile shapes, and use of traditional materials such as Slavonian oak and larch for monumental roof reconstructions. Revenue is generated through winning public procurement tenders and negotiated private construction contracts on a project-by-project basis, with significant reliance on multi-year public-sector assignments, often pursued as consortium lead (e.g., the €179.8M University Hospital for Infectious Diseases project with Kamgrad and Tehnozavod) and frequently co-financed by the European Union. Certified to ISO 9001, ISO 14001, ISO 45001, and SCCp, the company went public on the Zagreb Stock Exchange under ticker IG in March 2025 at a €183.5M post-money valuation, with operations primarily in Croatia and select projects in North Macedonia.
ING-GRAD firmographics
Firmographics- Name
- ING-GRAD
- Legal name
- ING-GRAD d.d.
- Website
- https://ing-grad.hr
- Company type
- Public
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ING-GRAD d.d. is a Zagreb-based, Zagreb-Stock-Exchange-listed Croatian construction contractor (since March 2025) delivering commercial, residential, energy/infrastructure, and cultural-heritage restoration projects for government, institutional, and private clients, with particular expertise in post-earthquake reconstruction of historic buildings.
- Ownership category
- akta.pro rank
Where ING-GRAD is headquartered
LocationHeadquarters
- HQ city
- Zagreb
- HQ country
- Bosnia & Herzegovina
- HQ region
- Europe
Offices1 record
Markets served
ING-GRAD business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Infrastructure
Revenue model
- Construction Contracts: ING-GRAD generates revenue through the award of construction contracts, both public procurement tenders and private construction projects. Projects span commercial/residential buildings, tourist and public buildings, energy and infrastructure, and cultural heritage restoration. Revenue is project-based and contract-driven, with the company maintaining a pipeline of ongoing projects.
- Consortium-based Public Infrastructure Projects: ING-GRAD participates in consortium arrangements with other construction companies (e.g., Kamgrad and Tehnozavod) for large public tenders. In June 2026, a consortium led by ING-GRAD won a 179.8 million euro contract for the central complex of the University Hospital for Infectious Diseases in Zagreb.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Public procurement construction contracts are awarded based on tender evaluations and negotiated pricing. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
ING-GRAD product offering
Product offeringCore offering
ING-GRAD is a Croatian construction company that delivers a broad range of building services, including new construction of commercial and residential buildings, tourist and public buildings, energy and infrastructure projects, and restoration of cultural heritage properties. The company operates across the full construction lifecycle — from design and engineering through execution and handover — serving public, commercial, and institutional clients primarily in Croatia.
Product overview
ING-GRAD d.d. is a Croatian construction company founded in 1985, offering a comprehensive portfolio of construction services organized into four main divisions: Commercial and Residential Buildings Construction (office buildings, shopping centers, production facilities), Tourist and Public Buildings (museums, hotels), Energy and Infrastructure (wind farms, petrol stations), and Cultural Heritage Restoration (historically significant buildings, castles, churches, bridges). The company specializes in both new construction and specialized restoration work, with particular expertise in earthquake damage reconstruction and heritage building conservation using both modern techniques and traditional craftsmanship methods.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial and Residential Building Construction
- Tourist and Public Building Construction
- Energy and Infrastructure Construction
- Cultural Heritage Restoration
Quantifiable outcome
- Completed approximately 200 construction projects across various fields in over three decades of operation.
- +2 more outcomes
Companies that use ING-GRAD
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
ING-GRAD technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ING-GRAD partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- KamgradcoreING-GRAD formed a consortium with Kamgrad and Tehnozavod to jointly bid on and execute the 179.8 million euro public tender for the central complex of the University Hospital for Infectious Diseases in Zagreb. Kamgrad is a Croatian construction company participating as a consortium partner on this significant public infrastructure project.
- TehnozavodcoreING-GRAD formed a consortium with Kamgrad and Tehnozavod to jointly bid on and execute the 179.8 million euro public tender for the central complex of the University Hospital for Infectious Diseases in Zagreb. Tehnozavod is a Croatian construction company participating as a consortium partner on this significant public infrastructure project.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
ING-GRAD competitors and assessment
Company assessmentOthers
- Holcim Croatia: Major construction-materials supplier (cement, aggregates) operating in Croatia. Not a direct competitor but an upstream ecosystem participant in the same Croatian construction value chain.
- Croatian Conservation Institute (Hrvatski restauratorski zavod): Croatian public institute specializing in cultural heritage conservation and restoration, and a customer of ING-GRAD on the Zagreb Tobacco Factory project. Functions as an indirect peer / ecosystem partner in the heritage-restoration value chain.
Broad incumbents
- Hochtief AG: Major international contractor with significant CEE operations. Competes for the same EU-financed and public-tender projects as ING-GRAD but at significantly larger scale and with broader geographic diversification.
- VINCI Construction: Global construction and civil engineering arm of VINCI, operating across Europe including the Balkans. Competes for large public infrastructure tenders in the region, including EU-financed projects.
- Strabag SE: One of Europe's largest construction groups with a strong CEE presence, active in Croatia on large public tenders and infrastructure. Overlaps with ING-GRAD on commercial, infrastructure, and public-project work but operates globally at much larger scale.
- PORR AG: Austrian-headquartered full-service construction firm with active Croatian and CEE operations across building construction, infrastructure, and environmental engineering. Comparable in segment breadth and EU-tender participation.
Direct peers
- Tehnozavod: Croatian construction and engineering company, also a consortium partner on the University Hospital project. Comparable in scale and focus on Croatian public infrastructure and industrial construction.
- Kamgrad: Croatian construction firm and direct consortium partner on the 179.8M EUR University Hospital tender. Operates in commercial, residential, and public-infrastructure construction in Croatia, making it the closest direct peer by geography, scale, and customer overlap.
- Industrogradnja: Croatian-headquartered construction group with operations across the former Yugoslavia and broader CEE, active in commercial, infrastructure, and energy construction. Geographically and operationally similar to ING-GRAD.
- Tehnika: Established Croatian general contractor operating across construction, civil engineering, and project development. Comparable by geography (Croatia/Balkans), customer base (public tenders), and broad construction scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ING-GRAD social profiles
Digital presenceING-GRAD compliance and trust
Trust signalCompliance4 records
ING-GRAD financial estimates
Financial estimateRevenue estimate
Valuation estimate
ING-GRAD leadership team
Management profileNumber of profiles
ING-GRAD subsidiaries and ownership
Company hierarchySubsidiaries1 record
ING-GRAD funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ING-GRAD M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ING-GRAD
What does ING-GRAD do?
ING-GRAD is a Croatian construction company that delivers a broad range of building services, including new construction of commercial and residential buildings, tourist and public buildings, energy and infrastructure projects, and restoration of cultural heritage properties. The company operates across the full construction lifecycle — from design and engineering through execution and handover — serving public, commercial, and institutional clients primarily in Croatia.
Is ING-GRAD a public or private company?
ING-GRAD is a public company. It is classified as public and is currently operating.
When was ING-GRAD founded?
ING-GRAD was founded in 1985. It employs 101 to 250 people.
Where is ING-GRAD based?
ING-GRAD is headquartered in Zagreb, Bosnia & Herzegovina, in the Europe region.
How does ING-GRAD make money?
Two revenue lines are on record. Construction Contracts are the primary driver. The others are consortium-based Public Infrastructure Projects.
Who are ING-GRAD's main competitors?
Others on record are Holcim Croatia and Croatian Conservation Institute (Hrvatski restauratorski zavod). Broad incumbents are Hochtief AG, VINCI Construction, Strabag SE and PORR AG. Direct peers are Tehnozavod, Kamgrad, Industrogradnja and Tehnika.
Does ING-GRAD have an API?
No public API is recorded for ING-GRAD.