Tekfen Holding

What Tekfen Holding does

Tekfen Holding A.Ş. is a publicly listed Turkish diversified industrial conglomerate founded in 1956 and headquartered in Istanbul, trading on Borsa İstanbul (BIST) under ticker TKFEN since November 23, 2007. It operates three primary business groups: Engineering and Contracting (Tekfen İnşaat and Tekfen Mühendislik, executing large-scale domestic and international EPC projects including oil & gas infrastructure such as BP's Baku Sangachal Terminal and new Saudi Arabian projects), Agricultural Industry (Toros Tarım, Turkey's #1 fertilizer producer and #2 chemical fertilizer exporter per ISO 500 rankings, operating fertilizer manufacturing plants, terminal storage, and a national dealer distribution network serving Turkish farmers), and Investment Group (real estate via Tekfen Emlak Geliştirme and Tekfen Taşınmaz, plus the 2016-vintage Tekfen Ventures). Tekfen also operates the Toros Çiftçi digital farmer-engagement app, the Sürdürülebilir Gübre Akademisi (Sustainable Fertilizer Academy) co-developed with IFA, and entered renewable energy in 2023 via Tekfen Yenilenebilir Enerji Çözümleri. Across 38 group companies and 11,000+ employees, Tekfen reported approximately 54 Billion TL in turnover, with quarterly disclosures showing a YoY revenue decline and net losses in Q2 2025 (1.62B TL loss on 11.63B TL revenue) and Q1 2026 (535M TL loss on 14.7B TL revenue, narrowed from 959.8M TL prior year). The company is a UN Global Compact signatory and the only Turkish firm on CDP's 2020 Global A List for both Climate Change and Water Security. Ownership is in flux: Can Kültür's 42.8% block was placed under TMSF conservatorship in September 2025 and is the subject of ongoing Oyak sale negotiations as of June 2026, while ARY Grup holds 32.08% and the public float is 21.49%.

Tekfen Holding A.Ş. is a Turkish publicly listed conglomerate that operates engineering and contracting, agricultural fertilizer production, and real estate investment businesses across Turkey, the Middle East, and the Caucasus.

Name

Tekfen Holding

Legal name

Tekfen Holding A.Ş.

Website

https://tekfen.com.tr

Company type

Public

Founded year

1956

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Tekfen Holding A.Ş. is a Turkish publicly listed conglomerate that operates engineering and contracting, agricultural fertilizer production, and real estate investment businesses across Turkey, the Middle East, and the Caucasus.

Ownership category

akta.pro rank

Product category

Industrial Conglomerate

NAICS

Management of Companies and Enterprises (551), Management of Companies and Enterprises (5511)

SIC

Fabricated Structural Metal Products (3440)

akta.pro primary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• Engineering contracting services
• Fertilizer manufacturing
• Agricultural inputs
• Industrial construction
• Real estate investment

Headquarters

HQ city

Istanbul

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Engineering and Contracting: Revenue from large-scale engineering, construction, and contracting projects domestically and internationally. Includes project fees, construction services, and EPC (Engineering, Procurement, Construction) contracts.
2. Agricultural Industry (Toros Tarım): Revenue from fertilizer production, terminal operations, agricultural production and supply. Toros Tarım is ranked as Turkey's #1 in fertilizer sector and #2 in chemical fertilizer exports.
3. Investments: Revenue from investment activities including real estate and other investment ventures within the holding structure.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Tekfen Holding is a diversified Turkish conglomerate operating three main business groups: Engineering and Contracting (Tekfen İnşaat and Tekfen Mühendislik) executing large-scale industrial EPC projects domestically and internationally; Agricultural Industry (Toros Tarım) producing and supplying fertilizers, operating terminal storage, and providing agricultural services including the Toros Çiftçi mobile platform; and Investment Group engaged in real estate development (Tekfen Emlak Geliştirme) and venture investments (Tekfen Ventures).

Product overview

Tekfen Holding operates as a diversified conglomerate with three main business segments: Engineering and Contracting (Tekfen İnşaat and Tekfen Mühendislik), Agricultural Industry (Toros Tarım focusing on fertilizer production and supply), and Investment Group (Tekfen Emlak Geliştirme for real estate). The portfolio also includes digital products like Toros Çiftçi App for farmers, renewable energy operations, and 38 subsidiary companies in total. The company has a 70-year history and employs over 11,000 people.

Differentiator

Problem solved

Functional benefit

Products and services

• Engineering and Contracting Group (Mühendislik ve Taahhüt Grubu) End-to-end engineering, procurement, and construction (EPC) services for industrial plants, pipelines, oil and gas terminals, and infrastructure projects executed domestically and internationally for enterprise and governmental clients.
• Agricultural Industry Group (Tarımsal Sanayi Grubu) - Toros Tarım Fertilizer production, agricultural inputs, terminal storage operations, and agricultural supply services offered to farmers, agricultural cooperatives, and dealers across Turkey through Toros Tarım, ranked as Turkey's #1 fertilizer producer.
• Investment Group (Yatırım Grubu) Real estate development through Tekfen Emlak Geliştirme, venture investments through Tekfen Ventures, and renewable energy solutions through Tekfen Yenilenebilir Enerji Çözümleri for diversified investment returns.
• Toros Çiftçi Mobile Application Mobile application providing farmers with agricultural advice, product information, and support services as a digital engagement channel for Toros Tarım fertilizer customers.

Quantifiable outcome

• Toros Çiftçi App reached 33,468 users by 2024
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• IFA (International Fertilizer Association)coreStrategic or Co-development Partner · 1 January 2023Toros Tarım established 'Sürdürülebilir Gübre Akademisi' (Sustainable Fertilizer Academy) in collaboration with IFA in 2023 to promote sustainable fertilizer use practices. 48 Sustainability Ambassadors were certified in Phase 1 of the program.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Yara International: World's largest crop nutrition company, the established incumbent in global fertilizer markets. Comparable to Toros Tarım as a major fertilizer producer with international exports and sustainability commitment.

Emerging players

• ICL Group: Global specialty fertilizer and minerals company producing agricultural inputs and industrial products. Comparable to Toros Tarım's fertilizer production segment, with focus on specialty/slow-release fertilizer innovation.
• Investcorp: Alternative investment firm with Turkish-roots operating across private equity, real estate, and credit. Comparable to Tekfen's Investment Group subsidiary (Tekfen Ventures, Emlak Geliştirme) for diversified investment holding activity.

Direct peers

• ENKA İnşaat: Turkey's leading international EPC contractor with ENR rankings and major power plant, pipeline, and infrastructure projects globally. Directly comparable to Tekfen İnşaat and Tekfen Mühendislik's engineering and contracting operations.
• Koç Holding: Turkey's largest private conglomerate with subsidiaries in energy, automotive, white goods, and finance. Comparable to Tekfen as a publicly traded Turkish industrial conglomerate with diversified operating subsidiaries and similar governance profile.
• Sabancı Holding: Largest publicly listed Turkish diversified conglomerate operating across industrials, energy, construction, and financial services. Closest direct comparable to Tekfen's multi-segment holding structure with similar BIST listing and Turkish capital markets exposure.
• Yıldız Holding: Major Turkish conglomerate in food, consumer goods, and industrial manufacturing. Comparable to Tekfen for diversified Turkish industrial operations and large workforce across multiple subsidiaries.
• Doğan Holding: Turkish diversified conglomerate with operations in industry, energy, finance, and media. Comparable to Tekfen for its diversified Turkish holding structure with multiple operating subsidiaries and BIST listing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/Tekfen_Holding
• Facebookfacebook.com/TekfenHolding
• LinkedInlinkedin.com/company/tekfen-holding

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 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 Tekfen Holding