Korkmazlar

What Korkmazlar does

Korkmazlar Şirketler Grubu is a privately-held Turkish diversified conglomerate founded in 1984 and headquartered in Esenyurt, Istanbul, operating across five business lines through named wholly-owned subsidiaries: Korkmazlar Petrol (fuel and autogas retail through three stations in Istanbul and Izmir, supplying 5 million liters monthly to both B2B customers and end consumers); Korkmazlar Telekomünikasyon (telecommunications retail operating branded Vodafone Cep Merkezleri centers as Vodafone's business development partner in Turkey since 2011, having onboarded 11 million subscribers cumulatively and reached 25 million people); Korkmazlar Altyapı (infrastructure and construction services including asphalt paving, highway and Metrobüs road construction totaling 9,000 km delivered, and participation in the Atatürk Airport expansion for municipalities and private clients); Korkmazlar Lojistik (fuel distribution and supply logistics with a company-owned technologically equipped tanker fleet that has cumulatively traveled 8 million kilometers); and Korkmazlar Yapı (architectural design services delivered in partnership with Istanbul and Milan-based SMD Studio). The group has 51–100 employees and a stated R&D program focused on wind energy measurement and electricity generation under its Yeşil Enerji Rüzgâr initiative.

Underlying technology centers on physical asset operations — a state-of-the-art tanker fleet with safety and security architecture, modern fuel station infrastructure with integration/interoperability features, and wind energy measurement systems aimed at converting kinetic energy to electrical power — rather than on software, data platforms, or proprietary IP in the narrow technology sense. The company describes an in-house Ar-Ge and innovation team that monitors technology trends and integrates system improvements, but no patents, trademarks, certifications, AI/ML capabilities, APIs, or SDKs are disclosed.

The business model is transaction-fee across each business line: retail fuel margins and B2B fuel supply contracts for the energy segment; telecom retail commissions and subscriber activation revenue from the Vodafone partnership; project-based construction contracts with municipalities, government entities, and private companies (named clients include OPET, Coca-Cola Fabrikaları, Boğaziçi Üniversitesi, METGÜN İnşaat, MASTAŞ Renault); fee-based fuel logistics services via owned tanker fleet; and professional-services fees from architectural design engagements. Customer segments are horizontally spread across private sector enterprises, government/municipal clients, telecommunications consumers, and end consumers purchasing fuel. Pricing is established through direct negotiation for B2B contracts and not publicly disclosed for any segment.

Name

Korkmazlar

Legal name

Korkmazlar Şirketler Grubu

Website

https://korkmazlar.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

51–100 employees

Short description

Korkmazlar Şirketler Grubu is a privately-held Turkish conglomerate founded in 1984, operating five wholly-owned subsidiaries across fuel distribution (3 stations, 5M liters/month), Vodafone-branded telecom retail, infrastructure construction (9,000 km of roads delivered), tanker-based logistics, and architectural design, serving enterprises, government clients, and end consumers in Turkey.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate Services

NAICS

Gasoline Stations and Fuel Dealers (457), Fuel Dealers (4572)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Convenience Retail & Foodservice at Forecourts (C-Store/QSR) (EUALAIAE)

akta.pro secondary industry

Branded Fuels Wholesaling & Jobber Distribution (EUALAIAB)

Keywords

• Fuel distribution services
• Road infrastructure construction
• Telecommunications retail
• Architectural design services
• Fuel logistics supply

Headquarters

HQ city

Esenyurt

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fuel Distribution and Sales: Revenue from operating 3 fuel stations (2 in Istanbul, 1 in Izmir) selling petroleum and autogas to end consumers and businesses. Monthly supply capacity of 5 million liters of fuel products.
2. Telecommunications Services: Revenue from Vodafone partnership providing communication solutions through branded Cep Merkezleri since 2011. Services include mobile communications products and subscriber acquisition.
3. Infrastructure and Construction: Revenue from asphalt paving, road construction, highway projects, and infrastructure development services for municipalities, government entities, and private sector clients.
4. Fuel Logistics: Revenue from fuel transportation and distribution logistics services using company-owned tanker fleet.
5. Logistics Services: Fuel distribution and supply logistics providing safe and stable services through specialized tanker fleet operations.
6. Architectural Design Services: Revenue from architectural and interior design services through SMD Studio partnership, creating modern living spaces and industrial design solutions.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Korkmazlar Şirketler Grubu is a diversified Turkish conglomerate that sells petroleum and autogas through three company-owned fuel stations, distributes fuel via its own tanker fleet, constructs road and highway infrastructure for municipalities and private firms, operates Vodafone-branded telecommunications retail centers, and delivers architectural design services in partnership with SMD Studio based in Istanbul and Milan. Founded in 1984, the group operates across energy, infrastructure, logistics, telecommunications, and design sectors.

Product overview

Korkmazlar Şirketler Grubu is a diversified conglomerate offering multiple service-sector products: Korkmazlar Petrol (fuel/autogas retail with 3 stations supplying 5M liters monthly), Yeşil Enerji Rüzgar (wind energy generation), Vodafone Telekomünikasyon (telecom partner services reaching 25M people), Altyapı infrastructure services (road/highway construction), Lojistik (fuel distribution logistics with 8M km fleet coverage), and Korkmazlar Yapı architectural design with SMD Studio. These operate as independent service lines under the unified Korkmazlar brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Korkmazlar Petrol Retail sale of petroleum and autogas through three branded fuel stations (two in Istanbul, one in Izmir) supplying 5 million liters of fuel monthly with modern technology-equipped facilities, serving end consumers and private sector organizations.
• Yeşil Enerji Rüzgar (Green Energy Wind) Wind energy generation initiative developing wind measurement and electricity supply capabilities, converting kinetic energy from wind into electrical energy for sustainable energy production.
• Vodafone Telekomünikasyon Hizmetleri Telecommunications retail services operated as Vodafone's business development partner through Vodafone Cep Merkezleri, adding 11 million subscribers to the Vodafone portfolio and reaching 25 million people with mobile communication products and services.
• Altyapı (Infrastructure) Hizmetleri Transportation and infrastructure solutions including road construction, asphalt paving, bridge projects, and highway development for municipalities, government entities, and private sector clients.
• Lojistik (Logistics) Hizmetleri Fuel distribution and procurement logistics services using a modern tanker fleet providing safe and stable fuel transportation across Turkey's road network.
• Korkmazlar Yapı - Mimari Tasarım Architectural design and interior design services delivered in partnership with SMD Studio (headquartered in Istanbul and Milan), creating modern and functional living spaces and industrial design solutions.

Quantifiable outcome

• 5 million liters of fuel supplied monthly
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• VodafonecoreStrategic or Co-development Partner · 1 January 2011Korkmazlar is one of Vodafone's most important business partners in Turkey since 2011. The company provides communication solutions through Vodafone Cep Merkezleri, adding 11 million subscribers to Vodafone's portfolio and reaching 25 million people with communication products and services. The partnership involves joint business development and customer acquisition.
• SMD StudiocoreStrategic or Co-development PartnerSMD Studio is an architecture and design office headquartered in Istanbul and Milan. Korkmazlar Yapı works with SMD Studio to create modern and functional living spaces. The partnership provides world-renowned architects for solution partnerships and business development collaborations, offering exclusive architectural services that create environmentally compatible, livable environments.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aytemiz: Turkish fuel distribution and retail company with autogas and petroleum stations. Closely comparable to Korkmazlar Petrol on autogas distribution and mid-sized station footprint; a more direct overlap on LPG/autogas than the majors.
• Petrol Ofisi: Turkey's largest fuel distribution and retail company, operating a national network of fuel stations and B2B supply contracts. Directly comparable to Korkmazlar Petrol in fuel retail and wholesale distribution, but at significantly larger scale.
• OPET: Major Turkish fuel retailer and distributor with branded stations nationwide. Directly comparable to Korkmazlar Petrol's retail fuel and autogas operations; OPET is also a former customer of Korkmazlar Altyapı for station construction.

Broad incumbents

• Sabancı Holding: One of Turkey's largest diversified conglomerates with energy, retail, and infrastructure holdings. Comparable to Korkmazlar Şirketler Grubu as a multi-sector Turkish holding company, though Sabancı operates at materially larger scale and is publicly listed.
• Shell & Turcas: Joint venture operating one of Turkey's largest branded fuel station networks and B2B fuel supply. Comparable to Korkmazlar Petrol in retail forecourts and petroleum distribution; however, operates at materially larger scale as part of a global oil major.
• BP Petrolleri: Subsidiary of BP operating fuel stations and B2B fuel supply in Turkey. Comparable to Korkmazlar Petrol in branded fuels distribution, but as part of a global integrated oil major rather than an independent mid-sized operator.
• Koç Holding: Turkey's largest conglomerate with interests spanning energy (Tüpraş, Aygaz), automotive, construction, and finance. Comparable to Korkmazlar on the diversified Turkish holding model with energy and infrastructure exposure, but at vastly greater scale.
• Doğuş Group: Turkish diversified conglomerate with construction, energy, tourism, and media operations. Comparable to Korkmazlar on multi-sector Turkish holding structure, particularly in infrastructure construction and energy services.

Regional players

• Limak Holding: Turkish conglomerate with major construction, infrastructure, energy, and aviation operations. Comparable to Korkmazlar Altyapı on large-scale infrastructure delivery (highways, airports) and to Korkmazlar Petrol on energy distribution; overlaps geographically inside Turkey.
• ENKA: Turkish construction and engineering company operating large-scale infrastructure and energy projects domestically and internationally. Comparable to Korkmazlar Altyapı on highway and airport construction delivery, though ENKA is significantly larger and internationally active.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Korkmazlar