Petro Foolad Bahman

What Petro Foolad Bahman does

Petro Foolad Bahman (Toseeh Sanaye Petro Foulad Bahman, operating as PFB Industry) is an Iranian privately-held knowledge-based company founded in 2011 that delivers engineering, EPC, retrofit, and equipment supply services for oil, gas, petrochemical, power generation, steel, cement, mining, and data center customers. The company operates two product divisions: an electrical power systems line including high- and medium-voltage GIS switchgear (via a technology transfer agreement with Chinese manufacturer PINGGAO covering up to 1,100 kV and 800 kV DC), circuit breakers, disconnectors, composite insulators, mobile substations, and battery energy storage systems; and a mechanical/HVAC line spanning water-cooled, air-cooled, centrifugal, absorption, and mini chillers, multi-functional, industrial, and hygienic air handling units, rooftop packaged units, cooling towers, VRF systems, ducted splits, and fan coils.

Its flagship technical capability is a proprietary circuit breaker retrofit service executed at Iran's first dedicated retrofit factory at Shamsabad Industrial Town, where 70-80% of equipment is domestically manufactured. The retrofit method uses 3D scanning and field adaptation to replace obsolete breakers within existing switchgear cells in hours rather than weeks, priced at minimum half the cost of imported equivalents while claiming higher quality. The company also provides generator circuit breaker overhauls up to 400 kV GIS level, GIS substation installation and commissioning, industrial automation, EPC/EP/PC project execution up to 400 kV, and equipment supply including transformers, air compressors, pumps, industrial valves, data center cooling, and precision air/water analyzers.

The business model combines professional services (retrofit and overhaul), hardware sales (electrical and HVAC equipment, partly under PINGGAO distribution), and one-time EPC project execution. Revenue is captured through direct enterprise field sales targeting large Iranian industrial SOEs, supplemented by international project work in Oman and Sri Lanka. The company employs approximately 45 staff at its Shamsabad retrofit facility plus engineering and sales personnel, holds Iranian government Knowledge-Based certification renewed through 2027, and is led by CEO Behdad Gharehgozloo (بهاد قره‌گوزلو). Its previous service partnership with Schneider Electric was terminated due to intensified sanctions, making the PINGGAO partnership strategically central to its high-voltage ambitions.

Name

Petro Foolad Bahman

Legal name

Petro Foolad Bahman

Website

https://pfbindustry.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Petro Foolad Bahman (PFB Industry) is an Iranian knowledge-based EPC and equipment supplier delivering electrical power systems (GIS switchgear, circuit breaker retrofit services, BESS via PINGGAO) and HVAC equipment to steel, oil and gas, petrochemical, power, cement, mining, and data center customers, with international projects in Oman and Sri Lanka.

Ownership category

akta.pro rank

Product category

Industrial electrical equipment and services

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Power, Distribution, and Specialty Transformer Manufacturing (335311), Power and Communication Line and Related Structures Construction (237130), Electrical Equipment Manufacturing (3353)

SIC

Switchgear & Switchboard Apparatus (3613), Power, Distribution & Specialty Transformers (3612), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Substation Systems & Integration (EPC, Engineering, Protection, Commissioning) (IMAGAAAC)

akta.pro secondary industries

Substation EPC (AIS/GIS) & Switchyard Construction (EUAEABAC), Substation EPC & construction (AIS/GIS, greenfield/brownfield) (EUADAKAC), Energy Storage Balance-of-Plant (enclosures, switchgear, protection, metering) (IMAGAHAK), Circuit Breakers, Disconnectors, Earthing Switches & Switchgear Components (EUADACAH)

Keywords

• High voltage switchgear
• Circuit breaker retrofit
• Industrial HVAC systems
• Electrical EPC services
• Battery energy storage

Headquarters

HQ city

Velenjak

HQ country

Iran

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Technical and Engineering Services: Retrofit services for power circuit breakers and switchgears, overhaul services for generator circuit breakers in power plants, installation and commissioning of GIS substations, and industrial automation services.
2. Equipment Supply and Trading: Supply of electrical equipment including high voltage and medium voltage products, transformers, air compressors, pumps, data center cooling equipment, industrial valves, mechanical installations, and HVAC systems.
3. EPC/EP/PC Project Execution: Engineering, procurement, and construction services for electrical substations up to 400 kV level (AIS and GIS), power quality systems including SVC and harmonic compensation.
4. BESS System Supply and Services: Supply, technical consultation, and support services for Battery Energy Storage Systems (BESS) as official representative of PINGGAO in Iran, including containerized, household, and mobile energy storage solutions.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Petro Foolad Bahman supplies high- and medium-voltage electrical equipment (GIS switchgear, disconnectors, BESS) and provides specialized retrofit services for obsolete power circuit breakers from its dedicated factory in Shamsabad Industrial Town. It also delivers industrial HVAC equipment (chillers, air handling units, VRF, rooftop units) and executes EPC/EP/PC projects including generator breaker overhaul, industrial automation, and GIS substation installation for steel, oil & gas, petrochemical, power generation, and data center clients.

Product overview

Petro Foolad Bahman operates as a knowledge-based industrial company with two main product/service divisions: (1) Electrical Power Systems — covering high-voltage and medium-voltage switchgear (GIS, disconnectors, circuit breakers), battery energy storage systems (BESS), and specialized retrofit services for obsolete circuit breakers at its dedicated factory in Shamsabad Industrial Town; and (2) HVAC Systems — encompassing the full range of air conditioning equipment including water-cooled, air-cooled, centrifugal, absorption, and mini chillers; multi-functional, industrial, and hygienic air handling units; rooftop packaged units; cooling towers; VRF systems; ducted splits; and fan coils. The company also provides associated services including generator breaker overhaul, industrial automation, EPC project execution, and equipment supply across its served industries (steel, cement, oil & gas, petrochemicals, power generation, data centers, and renewable energy). The product portfolio is distributed across electrical equipment and HVAC equipment categories, with services primarily supporting the electrical power and mechanical installation lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• GIS Switchgear (Gas-Insulated Switchgear) - High Voltage Gas-insulated switchgear systems for high-voltage power transmission and distribution using SF6 gas as electrical insulation, available in voltage levels of 72.5/126/145 kV, 550 kV, 800 kV, and 1,100 kV. Includes circuit breakers, disconnectors, earthing switches, current/voltage transformers, surge arresters, and busbars in fully insulated three-phase enclosures. Target customers are utilities, power plants, and large industrial enterprises.
• Disconnectors - High Voltage High-voltage disconnectors for isolating or connecting different sections of power networks, including models such as DS-1100 (rated 1,100 kV, 4,000 A) and DS-10~50D/J5000-25 HVDC disconnector rated 500 kV DC, 5,000 A DC for converter station applications.
• BESS-ESS (Battery Energy Storage System) Battery Energy Storage System representing PINGGAO products, available in containerized (large-scale for power plants and industry), household (wall-mounted 1-5 kWh, floor-type 6.5-32 kWh with UPS function), and mobile emergency power vehicle (300 kWh, 60 kW DC/30 kW AC output) variants, using LiFePO4 and lead-carbon batteries.
• Water-Cooled Chiller Water-cooled centrifugal chillers operating on the vapor compression refrigeration cycle, using cooling towers for condenser heat rejection. Suitable for capacities above 50 tons refrigeration with higher efficiency than air-cooled chillers.
• Air-Cooled Chiller Air-cooled compression chillers using ambient air for condenser cooling, suitable for capacities from 5 tons upwards. Recommended for warm-humid climates and areas with limited water supply.
• Centrifugal Chiller Centrifugal compression chillers using centrifugal force to compress refrigerant, suitable for capacities above 300 tons. High efficiency at full load and configurable as air-cooled or water-cooled.
• Absorption Chiller Absorption refrigeration chillers using a liquid absorbent (such as lithium bromide or ammonia) and thermal energy (from gas flame or hot steam) instead of electrical energy and electric motors, reducing energy consumption and air pollution.
• Mini Chiller Small-capacity air-cooled compression chillers with cooling capacity below 10 tons of refrigeration, designed for apartments, villas, and buildings requiring independent HVAC systems.
• Multi-Functional Air Handling Unit (AHU) Multi-functional air handling units providing heating, cooling, humidification, dehumidification, filtration, and ventilation. Capacity 2,000-44,000 CFM with customizable coils, filter types (pre-filter, HEPA, ULPA, activated carbon, electrostatic), and fan types.
• Industrial Air Handling Unit Industrial air handling units for heavy industrial environments. Types include explosion-proof, fire-resistant, heat recovery, hygienic, econopak, and single-zone units, customized for mineral and building materials industries.
• Hygienic Air Handling Unit Hygienic air handling units for clean rooms, hospitals, pharmaceutical, and electronics industries, featuring stainless steel internal surfaces, antibacterial silicone sealing, stainless steel coil bases and drain pans with siphon drainage. Capacity 2,000-44,000 CFM.
• Rooftop Packaged Unit Rooftop and packaged HVAC units combining an air handling unit with a DX evaporator coil and condensing unit, with optional heating coil. Suitable for malls, assembly halls, industrial complexes, sports facilities, exhibitions, and covered amusement parks. Features Copeland/Danfoss scroll or Bitzer/Hanbell screw compressors.
• Cooling Tower Cooling towers for water-cooled chiller systems, removing excess heat from chiller condenser water through evaporative cooling. Available in wet, dry, and hybrid types for industrial and commercial applications.
• VRF (Variable Refrigerant Flow) VRF HVAC systems providing precise temperature control and energy optimization in buildings. One outdoor unit sends refrigerant to multiple indoor units, each independently controllable, with support for simultaneous heating and cooling in different zones.
• Ducted Split Ducted split air conditioning systems with indoor and outdoor units featuring compact design, high airflow volume, and low noise levels. Uses DX coil technology for high efficiency and supports BMS integration via Modbus.
• Fan Coil Unit Fan coil units for space heating and cooling in residential, office, and industrial buildings. Available in floor-mounted, cassette, concealed ceiling, and ducted types with multi-speed motors and washable filters.
• Power Switch Retrofit Service Retrofit service for obsolete or end-of-life circuit breakers and switchgear panels in low voltage (LV) and medium voltage (MV) applications, replacing old breakers with modern equivalents within existing switchgear cells without full replacement. Reduces downtime to hours rather than weeks or months. Executed at the company's specialized retrofit factory in Shamsabad Industrial Town.
• Generator Breaker Overhaul (GCB) Overhaul services for generator circuit breakers (GCB) in power plants, including inspection, testing, repair, and restoration of generator breaker systems up to 400 kV GIS level. Covers models HEC3, HECS, HEI, and others for power plant operators.
• Industrial Automation Services Industrial automation services including design, engineering, supply, installation, commissioning, and maintenance of automation systems for electrical and mechanical installations at industrial plants.
• EPC/EP/PC Project Execution

Named customers23 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• South Pars Gas Complex (ستاد مجتمع گاز پارس جنوبی)coreStrategic or Co-development Partner · 1 September 2024Cooperation in holding seminar on modernization and retrofit solutions for MV-HV switchgear systems at South Pars Gas Zone. Collaboration with the research and technology unit of Pars South Gas Complex.
• PINGGAOcoreTechnology or Integration · 1 January 2024Comprehensive cooperation agreement signed with PINGGAO, one of the largest GIS switchgear manufacturers in Asia. Petro Foolad Bahman obtained official representation in Iran and is localizing production of PINGGAO products. Technology transfer includes capability for up to 1100 kV GIS systems and 800 kV DC power transmission technology.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• GE Vernova: GE Vernova supplies grid equipment (switchgear, transformers, substations) and EPC services globally — directly comparable to PFB's substation EPC and HV-equipment supply business.
• Alstom: Alstom is a global T&D and rail power-equipment incumbent; PFB retrofits Alstom VXC/VSC and FPX breakers, putting it in direct technical overlap with Alstom's MV/HV switchgear product lines.
• ABB: ABB (now Hitachi Energy for the power business) is a global leader in switchgear, transformers, and substation EPC — directly comparable to PFB's HV switchgear/retrofits and former employer of PFB's senior service engineers.
• Siemens: Siemens supplies the GIS substations, SION/3AC breakers, and other equipment that PFB retrofits; the company is explicitly benchmarked against Siemens' European retrofit output and competes in the same substation EPC market.
• Schneider Electric: Schneider Electric was PFB's former service partner before the relationship was terminated over sanctions; PFB retrofits Schneider/Merlin Gerin breakers and directly competes in MV/LV switchgear and EPC.
• Hitachi Energy: Hitachi Energy (formerly ABB Power Grids) provides GIS, transformers, and substation automation across HV/MV classes — directly comparable to PFB's HV equipment, EPC, and retrofit offerings.

Regional players

• Elsewedy Electric: Elsewedy Electric is a Middle East/African cables, transformers, and electrical-equipment manufacturer; it is comparable as a regional player expanding into substation EPC and HV equipment in geographies adjacent to Iran.

Direct peers

• PINGGAO: PINGGAO is a major Asian GIS switchgear manufacturer with capability up to 1100 kV and is Petro Foolad Bahman's core technology-transfer partner for HV/MV GIS localization in Iran, making it both a partner and a directly comparable HV switchgear peer.
• Mapna Group: Mapna Group is Iran's largest domestic power-plant EPC and electrical-equipment conglomerate; it is the closest in-country peer for PFB, competing on substation EPC, generator-breaker overhauls, and HV equipment across Iran's power sector.
• Iran Transformer (Transfo Khavar): Iran Transformer is a domestic manufacturer of power and distribution transformers; it overlaps with PFB's power-transformer supply line and competes for similar utility and industrial customers in Iran.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pfb-industry
• Instagraminstagram.com/pfbindustry

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Petro Foolad Bahman