Aziz & Company

What Aziz & Company does

Aziz & Company Limited (trade name "Azizco") is a Bangladesh-based electro-mechanical trading and contracting company headquartered in Gulshan-1, Dhaka. Founded in the early 1970s, the firm operates across four divisions — HVAC, Elevator and Parking, Building Materials, and Locomotive — and is described as a market leader in elevators and central air conditioning in Bangladesh. The company serves as the local partner or distributor for international OEMs including Schindler, YORK (Johnson Controls), HILTI, ThyssenKrupp, WABTEC, INDEX, Nullifire, Hydro Park, Sanei Elevator, Concrete Canvas, and Lumkani, supplying, installing, and commissioning their equipment rather than developing proprietary technology platforms.

The business model is project-based B2B contracting with direct enterprise sales. Revenue streams are dominated by one-time capital projects — design, supply, installation, commissioning, testing, and balancing of central air-conditioning systems for industrial and commercial facilities; supply and installation of elevators, escalators, and mechanical parking solutions; distribution of building materials such as anchors, passive firestop systems, and fire/heat detection; and supply of locomotives and railway spare parts. After-sales maintenance services (with dedicated phone lines for lift and AC maintenance) provide a smaller recurring-revenue layer on top of the installed base.

Customers are concentrated in Bangladesh and span large pharmaceutical manufacturers (Beximco, Square, Beacon, Eskayef), government and quasi-government bodies (Bangladesh Bank, PWD, CAAB, Dhaka Mass Transit Company for MRT Line 6, Rooppur Nuclear Power Plant, BTRC for the Bangabandhu Satellite project), healthcare providers (United Hospital, BSMMU), banking and financial institutions, educational institutions (North South University), textile groups, and diplomatic missions (US, Canadian, and UK embassies). Go-to-market is direct enterprise sales leveraging divisional specialization, project portfolio reputation, and OEM brand associations rather than digital marketing or channel partners.

Name

Aziz & Company

Legal name

Aziz & Company Limited

Website

https://azizco.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

101–250 employees

Short description

Aziz & Company (Azizco) is a Bangladesh-based electro-mechanical trading and contracting company, founded in the early 1970s, that supplies, installs, and maintains HVAC, elevators, building materials, and locomotive equipment for government, pharmaceutical, healthcare, and enterprise clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. HVAC Systems Trading & Contracting: Design, supply, installation, commissioning, testing and balancing of central air conditioning systems for industrial and commercial sectors. Includes chiller systems, AHU, FCU, cooling towers, pumps, precision machines, ducting, valves, heat exchangers, humidifiers, and associated components. Also includes operation, maintenance, and after-sales service.
2. Elevator & Escalator Trading & Installation: Supply, installation, commissioning of elevators and escalators for commercial and industrial sectors, along with mechanical parking solutions including bi-directional parking systems and vehicle lifts.
3. Building Material Distribution: Supply of mechanical and chemical anchors, passive firestop systems, geosynthetic cementitious composite mats, and fire/heat detection systems through local partnerships with INDEX, Nullifire, Concrete Canvas, and Lumkani.
4. Locomotive & Railway Equipment Supply: Supply of railways, locomotives and spare parts, primarily representing WABTEC Corporation.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Aziz & Company (Azizco) is a Bangladesh-based electro-mechanical trading and contracting firm that designs, supplies, installs, commissions, and services HVAC systems, elevators and escalators, mechanical parking systems, and railway/locomotive equipment. The company also distributes specialty building materials and provides long-term operation and maintenance services for installed systems.

Product overview

Azizco is a diversified electro-mechanical trading and contracting company offering an integrated portfolio of HVAC systems (YORK brand chillers, air handlers, cooling towers), elevators and escalators (Schindler, Sanei brands), mechanical parking solutions (Hydro Park, Mutrade brands), and railway/locomotive equipment (Wabtec). The company also distributes building materials including INDEX fixing systems, Nullifire passive fire protection, Concrete Canvas erosion control, and Lumkani fire detection systems. Services include design, supply, installation, commissioning, testing, balancing, and ongoing operation and maintenance. The portfolio is organized into four divisions: HVAC Division, Elevator and Parking Division, Building Material Division, and Locomotive Division.

Differentiator

Problem solved

Functional benefit

Products and services

• Central HVAC Systems Design, supply, installation, and commissioning of central air conditioning systems for commercial, industrial, and institutional buildings in Bangladesh, deployed via partnerships with international HVAC brands.
• Elevators and Escalators Supply, installation, and servicing of passenger elevators, freight elevators, and escalators for high-rise and infrastructure projects, delivered through authorized brand representation.
• Mechanical Parking Systems Provision of automated and semi-automated mechanical parking solutions for space-constrained commercial and mixed-use developments.
• Locomotive and Railway Equipment Supply Supply of locomotives and related railway equipment to public sector rail and infrastructure projects in Bangladesh.
• Operation and Maintenance Services Long-term O&M contracts covering HVAC plants, elevators, escalators, and other installed electro-mechanical systems, supported by a 400+ strong engineering and technician workforce.
• Specialty Building Materials Distribution Distribution of specialty building materials including anchoring systems and firestop products for construction projects.

Quantifiable outcome

• 145+ successfully completed construction and engineering projects across Bangladesh
• +2 more outcomes

Named customers20 records

Segments11 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

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

• YORK (Johnson Controls)coreChannel Partner/ Reseller/ DistributorYORK is a historic HVAC brand (founded 1874) specializing in heating, ventilation, air conditioning, and refrigeration systems. Azizco represents YORK as the preferred brand for cooling solutions, distributing chillers, air-cooled chillers, water-cooled chillers, commercial heat pumps, and comprehensive HVAC solutions in Bangladesh.
• SchindlercoreChannel Partner/ Reseller/ DistributorSchindler is a global leader in elevator and escalator systems. Azizco partners with Schindler for elevator and escalator supply, installation, and commissioning across commercial and industrial projects in Bangladesh.
• HILTImajorChannel Partner/ Reseller/ DistributorHILTI is a global provider of equipment, systems, and services for construction professionals. Partnership supports building material division with fixing and anchoring solutions.
• ThyssenKruppmajorChannel Partner/ Reseller/ DistributorThyssenKrupp is a global industrial conglomerate with elevator and automotive divisions. Partnership provides elevator solutions alongside Schindler representation.
• GE TransportationmajorChannel Partner/ Reseller/ DistributorGE Transportation (now part of Wabtec) provides rail locomotive and freight car equipment. Partnership supports locomotive division operations.
• SinopecminorChannel Partner/ Reseller/ DistributorSinopec is a major Chinese petroleum corporation. Partnership relates to oil and gas sector operations.
• Sanei ElevatormajorChannel Partner/ Reseller/ DistributorShanghai Sanei Elevator Co., Ltd. integrates R&D, production, sales, installation, and maintenance of elevators and escalators. Represents another elevator brand partnership alongside Schindler.
• Hydro ParkmajorChannel Partner/ Reseller/ DistributorHydro Park manufactures mechanical parking lifts and automated car parking systems since 2009. Partnership supports mechanical parking solution division.
• INDEX Fixing SystemsmajorChannel Partner/ Reseller/ DistributorINDEX manufactures fixing and fastening systems including anchors, chemical fixings, and clamps globally. Local partnership for supply of mechanical and chemical anchors with engineering support.
• NullifiremajorChannel Partner/ Reseller/ DistributorNullifire specializes in passive fire protection, manufacturing intumescent coatings and fire-stopping solutions. Local partnership for supply and installation of passive firestop systems.
• Concrete CanvasminorChannel Partner/ Reseller/ DistributorConcrete Canvas produces flexible, concrete-impregnated fabric for erosion control, ditch lining, and shelter applications. Local partnership for design, supply, and installation of geosynthetic cementitious composite mats.
• LumkaniminorChannel Partner/ Reseller/ DistributorLumkani develops networked heat-detection fire alarms and microinsurance to protect informal settlements. Partnership for fire/heat detection systems.
• WABTEC CorporationcoreChannel Partner/ Reseller/ DistributorWABTEC manufactures equipment, components, and digital solutions for locomotives, freight cars, and passenger transit vehicles. Partnership supports locomotive division supply of railways, locomotives, and spare parts.
• Bangladesh BankcoreOthersTrusted government organization client. Bangladesh Bank is the central bank of Bangladesh and one of Azizco's key clients for HVAC projects.
• PWD (Public Works Department)coreOthersBangladesh Public Works Department is a major government client trusted by Azizco for infrastructure projects including National Assembly Building.
• CAAB (Civil Aviation Authority Bangladesh)coreOthersCivil Aviation Authority Bangladesh is a key government client for airport infrastructure projects including MRT Line 6 stations and Hazrat Shahjalal International Airport expansion.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Carrier Global Corporation: One of the world's largest HVAC OEMs serving commercial and industrial customers globally. Comparable because it competes in the same central air conditioning market that Azizco addresses with YORK-brand equipment, both through direct sales and via local channel partners.
• Trane Technologies: Global HVAC and building systems major with deep commercial and industrial chiller/cooling portfolio. Directly comparable to Azizco's HVAC division as both target large-tonnage commercial cooling installations for enterprises and institutions.
• Daikin Industries: Leading global HVAC and refrigeration manufacturer with growing presence across South Asia. Comparable to Azizco as a competing HVAC technology and project-execution supplier for large commercial buildings, pharma, and infrastructure.
• KONE Corporation: Global elevator and escalator major with active presence in South Asian infrastructure and commercial projects. Comparable to Azizco's Elevator and Parking Division as both deliver supply, installation, and maintenance of vertical transportation systems.
• Otis Worldwide Corporation: World's largest elevator and escalator company, active across South Asia including Bangladesh-adjacent markets. Directly comparable to Azizco's elevator division on installation, commissioning, and maintenance of vertical transport for commercial and infrastructure projects.
• Hitachi (Hitachi Lift): Major global elevator/escalator and HVAC provider with strong Asia-Pacific franchise. Comparable to Azizco's Elevator and Parking Division on vertical transport supply, installation, and service for commercial and metro-rail projects.
• Mitsubishi Electric: Global HVAC, elevator, and building systems manufacturer active across Asia. Comparable to Azizco across both its HVAC division and elevator/parking division on commercial and infrastructure project delivery.

Others

• Johnson Controls (YORK): Global building technology company and parent of YORK, the principal HVAC brand Azizco represents in Bangladesh. Comparable as both an OEM supplier and a competitor that could expand its own installation footprint in Bangladesh.
• Schindler Group: Global leader in elevators and escalators and an OEM supplier-partner of Azizco for elevator projects in Bangladesh. Comparable as it operates in the same elevator/escalator supply and installation value chain globally, and could compete directly via its own installation arm if it shifted Bangladesh strategy.
• Wabtec Corporation: Global rail equipment OEM (parent of GE Transportation) and supplier-partner of Azizco for the Locomotive Division. Comparable as both a supplier and a potential competitor for railway and metro-rail equipment supply contracts in Bangladesh.

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/AzizcoLtd

Revenue estimate

Valuation estimate

Number of profiles

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 Aziz & Company