MAX Infrastructure Ltd.

What MAX Infrastructure Ltd. does

MAX Infrastructure Ltd. is the flagship operating company of MAX Group, a privately held, family-owned Bangladeshi conglomerate founded in 1983 by Engr. Ghulam Mohammed Alomgir and headquartered in Dhaka. The company operates as a vertically integrated EPC (Engineering, Procurement, and Construction) contractor with substantial in-house manufacturing, delivering railway track construction and fitting manufacturing, power generation (241.5 MW combined capacity across 78.5 MW Ghorasal simple cycle and 163 MW Fenchuganj combined cycle plants), nuclear power plant sub-contracting at Rooppur, MRT and urban transit (MRT Line-1), bridges and flyovers, elevated expressways (Chittagong), 400kV transmission lines, water and sewage treatment plants, and modern food storage steel silos. Manufacturing subsidiaries — Max Pre-Stress (pre-stressed concrete sleepers), Max Industries and Inox Industries (stainless steel crockery, kitchen utensils, SS pipes), AFA Steel (MAX SPRING and AFA Spring leaf springs with first-in-Bangladesh robotic manufacturing), Lub House Industries (NATIONAL LUB lubricants using Lubrizol/Afton/Infineum additives), and Maxcrete (AAC blocks) — supply both internal project demand and external dealer/distributor networks, with stainless steel and leaf springs exported internationally to the EU, US, Middle East, and Africa.

The company primarily serves Government of Bangladesh ministries, departments, and state-owned enterprises — Bangladesh Railway, BPDB, DMTCL, RHD, CDA, BAEC, LGED, BWDB, KWASA, PGCB, and the Bangladesh Army — through competitive international bidding and joint ventures with foreign EPC firms including JSC Atomstroyexport (Russia), Hindustan Construction Company (India), Tokyu Construction (Japan), Longjian Road & Bridge and Zhengzhou City Highway Engineering (China), Ranken, and a Turkish steel silo partner. Revenue mechanics span one-time EPC construction contracts, recurring wholesale power sales to BPDB under long-term PPAs, hardware sales through nationwide dealer/distributor networks (with annual dealer conferences), direct real estate sales (MAX ADN, MAX SHARIF, MAX EL DORADO, MAX SPACE STUDIO APARTMENT at Cox's Bazar), and exclusive distribution of SDLG, ICARO, and FASSI construction equipment with rental services. The group employs 7,000-8,000+ people including 400+ graduate engineers and 40-50 foreign specialists engaged monthly, operates the largest construction equipment fleet in Bangladesh (1,200+ units), and has been recognized with the HSBC Business Excellence Award in Infrastructure Excellence (2020), FOBANA Excellence in Business, and ADB's leading contractor ranking. The company is managed by the Alomgir family across Chairman, HR/Admin, Strategic Planning, and Director roles, with senior operational leadership in power and construction sectors, and previously announced plans for a Dhaka Stock Exchange listing by October 2020.

Name

MAX Infrastructure Ltd.

Legal name

MAX Infrastructure Limited

Website

https://maxgroup-bd.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

251–500 employees

Short description

MAX Infrastructure Ltd. is a privately held Bangladeshi conglomerate providing EPC services for railways, power plants, bridges, flyovers, MRT, transmission lines, and nuclear power to Government of Bangladesh agencies, supported by in-house manufacturing of railway fittings, concrete sleepers, stainless steel, leaf springs, and lubricants.

Ownership category

akta.pro rank

Product category

Infrastructure Construction Services (EPC)

NAICS

Highway, Street, and Bridge Construction (23731), Power and Communication Line and Related Structures Construction (237130), Water and Sewer Line and Related Structures Construction (23711), Structural Steel and Precast Concrete Contractors (23812), Utility System Construction (2371)

SIC

Special Industry Machinery (No Metalworking Machinery) (3550), Construction Machinery & Equip (3531)

akta.pro industry

PRIMARYEUAEAAAL

Balance-of-Plant (BOP) & Civil Works for Power Plants

Energy, Utilities & Environment/Energy Infrastructure & Services (EPC, O&M, Field Services)/Power Generation EPC & Construction

SECONDARYEUAKAAAC

Project & Program Management (PMO), Controls & Reporting

Energy, Utilities & Environment/Nuclear Energy/Nuclear Power Plant Development, EPC & Project Delivery

SECONDARYEUADAKAA

Transmission line EPC & construction (overhead)

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/T&D Construction, Engineering & EPC Services

SECONDARYEUANALAE

Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight)

Energy, Utilities & Environment/Water & Wastewater Utilities/Utility Asset Management & Capital Programs (Pipes, Plants, Pumps)

SECONDARYEUAMAFAJ

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE)

Energy, Utilities & Environment/Renewable Energy (Solar, Wind, Hydro & Geothermal)/Renewable EPC & Construction (Balance of Plant)

Keywords

• Infrastructure construction services
• Railway track fittings
• Power plant construction
• Bridge and flyover construction
• Industrial manufacturing

Headquarters

HQ city

Dhaka, Mohakhali

HQ country

Bangladesh

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Construction Contracts: Engineering, Procurement and Construction contracts for government infrastructure projects including railways, bridges, flyovers, elevated expressways, transmission lines, water treatment plants, and nuclear power plant construction. Revenue recognized on project completion basis. Major projects include MRT Line-1, Rooppur NPP, Dohazari-Cox's Bazar railway.
2. Power Plant Ownership & Operation: Ownership and operation of two power plants: 78.5 MW gas-based plant at Ghorasal and 163 MW combined cycle plant at Fenchuganj. Revenue generated from power sales to Bangladesh Power Development Board under long-term PPAs.
3. Industrial Manufacturing: Manufacturing and sale of stainless steel crockery, kitchen utensils, SS pipes, automobile leaf springs, pre-stressed concrete sleepers, AAC blocks, and railway track fittings. Products sold domestically and exported internationally.
4. Lubricant Production & Distribution: Blending and marketing automobile and industrial lubricants under the NATIONAL LUB brand through a nationwide distribution network.
5. Real Estate Development: Development and sale of residential and commercial buildings including luxury apartments (MAX ADN, MAX SHARIF, MAX EL DORADO) and hotel properties (MAX SPACE STUDIO APARTMENT at Cox's Bazar).
6. Equipment Distribution & Rental: Exclusive distributor of SDLG, ICARO, FASSI construction equipment brands in Bangladesh. Also provides rental services for construction equipment across the country.
7. Fashion Retail (SCICCOSO): Operation of fashion brand SCICCOSO serving the fashion retail market in Bangladesh.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

MAX Infrastructure Ltd. is a Bangladesh-based EPC contractor that delivers turnkey infrastructure projects including railway construction, bridges, flyovers, elevated expressways, MRT works, power transmission lines, water treatment plants, and nuclear power plant sub-contracting for government clients. The company also operates two power plants (78.5 MW gas-based at Ghorasal and 163 MW combined cycle at Fenchuganj) under long-term PPAs with BPDB, and manufactures railway track fittings, concrete sleepers, stainless steel products, leaf springs, lubricants, and AAC blocks through its subsidiaries.

Product overview

MAX Infrastructure Ltd. is the flagship company of MAX GROUP, a diversified Bangladeshi conglomerate established in 1983. The company operates as a full-service infrastructure conglomerate offering a broad portfolio of products and services organized across several business verticals. The infrastructure and construction vertical covers railway track construction (including dual gauge double/single rail lines), MRT Line-1 soil improvement works, nuclear power plant sub-contracting (Rooppur), power transmission lines, highway improvement, elevated expressways, bridges, flyovers, water treatment plants, sewage treatment plants, and steel silo construction. The manufacturing vertical includes production of railway track fittings (sleepers, fishplates, bolts, switch expansion joints) at its Begumgonj factory; pre-stressed concrete sleepers via Max Pre-Stress Limited; automobile leaf springs via AFA Steel Industries Limited (MAX SPRING and AFA Spring brands, using robotic technology); stainless steel crockery, kitchen utensils, and SS pipes via Max Industries Limited and Inox Industries Limited; lubricating oils via Lub House Industries Limited (NATIONAL LUB brand); and AAC blocks via Maxcrete Limited. The power generation vertical includes two own power plants (78.5 MW gas-fired at Ghorasal and 163 MW combined cycle at Fenchuganj) plus HFO-based plant at Sreepur. The real estate vertical (via Max Building Technologies Limited) includes multiple residential and commercial buildings (MAX ADN, MAX SHARIF, MAX BURJ-E-SAMIR, MAX MONICA EMPORI, etc.) and a hotel project (MAX SPACE STUDIO APARTMENT) with Swiss International. Equipment distribution includes exclusive dealership of SDLG, ICARO, and FASSI construction equipment with rental services. These products and services are interconnected through MAX's in-house EPC capabilities, shared supply chain, and engineering workforce of 400+ graduate engineers.

Differentiator

Problem solved

Functional benefit

Named customers12 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core and flagship.

• Tokyu Construction Co., Limited (Japan)coreStrategic or Co-development Partner · 23 November 2022JV partnership for MRT Line-1 Contract Package CP-01: Soil Improvement and Land Development at Pitalgonj Depot. Tokyu Construction leads with MAX as JV partner for this JICA-funded project of Dhaka Mass Transit Company Limited.
• Longjian Road and Bridge Co., Ltd. (LRBC), ChinacoreStrategic or Co-development Partner · 24 October 2022JV partnership for SASEC Dhaka-Sylhet Corridor Road Investment Project, LOT DS-1: Improvement of Dhaka-Sylhet National Highway N2 into 4-lane highway (Km 00+000 to Km 18+000).
• Zhengzhou City Highway Engineering Corporation (ZZHE), ChinacoreStrategic or Co-development Partner · 24 October 2022JV partnership for SASEC Dhaka-Sylhet Corridor Road Investment Project, LOT DS-2: Improvement of Dhaka-Sylhet National Highway N2 into 4-lane highway (Km 18+000 to Km 35+000).
• Ranken Joint VenturecoreStrategic or Co-development Partner · 30 October 2018Joint venture with Ranken for construction of Elevated Expressway from Lalkhan Bazar to Sha-Amanat Airport in Chittagong. MAX-RANKEN JV won the contract as lowest bidder in international open tender.
• JSC Atomstroyexport (ASE)flagshipStrategic or Co-development Partner · 10 June 2018MAX Infrastructure signed contract with main Russian contractor JSC Atomstroyexport to construct Lot 600 of Rooppur Nuclear Power Plant, Unit 1 (Turbine Island civil and erection works). MAX leads a JV with Hindustan Construction Company (India) where MAX holds 60% share and HCC holds 40%. MAX has subsequently been awarded 5 additional lots of the Rooppur NPP project.
• Hindustan Construction Company (HCC), IndiacoreStrategic or Co-development Partner · 10 June 2018JV partner in Rooppur NPP Lot 600 project. MAX holds 60% as lead partner, HCC holds 40% share. HCC is a big reputed Indian construction company.
• Bangladesh Atomic Energy Commission (BAEC)coreOthersExecuting authority for Rooppur Nuclear Power Plant Project. MAX works as specialized sub-contractor under BAEC and main contractor JSC Atomstroyexport.

Scale indicators11 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Tata Projects: Indian EPC firm focused on infrastructure, power, and urban transit projects. Comparable scale and project portfolio to MAX, with similar reliance on government/multilateral contracts and growing nuclear/industrial construction capabilities.
• Hindustan Construction Company (HCC): Indian infrastructure EPC firm and MAX's JV partner on Rooppur NPP Lot 600 (40% share). Operates across nuclear, railway, bridge, and hydroelectric construction with comparable project portfolio and similar reliance on large government/multilateral contracts.
• Afcons Infrastructure: Indian infrastructure EPC company with strong railway, bridge, and heavy civil portfolio. Comparable in scale and project mix to MAX's bridge and railway construction business, and operates across South Asian markets.
• Mir Akter Hossain Ltd: Bangladeshi construction contractor with comparable railway, bridge, and infrastructure focus. Direct competitor for Bangladesh Railway and government infrastructure tenders at similar scale.
• Abdul Monem Limited: Large Bangladeshi conglomerate with a similar EPC + manufacturing + real estate profile. Competes directly with MAX for government infrastructure contracts and is among the closest domestic comparables in scale and business mix.
• Trust Construction Limited: Bangladeshi infrastructure contractor with significant presence in railway, bridge, and highway construction. Direct peer competing for similar government of Bangladesh mega-project tenders.

Broad incumbents

• China Railway Construction Corporation (CRCC): Global railway and heavy civil EPC giant with capabilities spanning high-speed rail, metro, bridges, and tunnels. Comparable in railway construction scope to MAX's railway track fitting and dual gauge line construction business, and competes for SASEC/ADB-funded regional projects.
• China State Construction Engineering Corporation (CSCEC): World's largest construction company with deep presence in South Asian infrastructure. Competes with MAX and its JV partners (LRBC, ZZHE) for multilateral-funded road, bridge, and urban transit projects in Bangladesh.
• Larsen & Toubro (L&T): Indian EPC conglomerate with broad infrastructure, power, and rail capabilities. Larger and more diversified than MAX, but competes for the same multilateral-funded South Asian mega-projects and represents the strategic ceiling MAX aspires to reach as it scales.

Regional players

• Summit Power International: Largest independent power producer in Bangladesh operating multiple gas and HFO-based IPPs under BPDB PPAs. Comparable to MAX's power generation segment (Max Power, Kushiara, B-R Powergen) in capacity, fuel mix, and customer dependency, though operates regionally outside Bangladesh.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/max-infrastructure-ltd

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries11 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 MAX Infrastructure Ltd.