MUNAK GROUP

What MUNAK GROUP does

Munak Group Limited is an indigenous Nigerian holding company incorporated in 1998, operating two wholly-owned subsidiaries — Munak Electrics Limited (power engineering) and Munak Properties Limited (real estate development) — and serving enterprise clients, government institutions, and high-profile individuals in Nigeria. Through Munak Electrics, the company procures, installs and commissions power equipment including transformers (50kVA–40MVA from ABB, TTH, Siemens, Omarzabel), diesel/gas/biofuel generators (13kVA–5,000kVA powered by Perkins UK, CAT, Cummins and Lister with Leroy Somer, Stamford and Macate alternators), energy metering solutions, and high/low voltage cables, supported by a multi-year operations and maintenance service offering. The group reports 85+ projects executed in the last two years across Oil & Gas services (including SAIPEM Contracting for Total Nigeria Plc on the NOPL Rumoji project), financial institutions, donor agencies and international bodies.

The company's business model is project- and contract-based: revenue is generated from one-time hardware sales (transformers, generators, panels, cables), recurring O&M service contracts, construction/real estate development (including the DeMosaic Homes residential brand and named Lagos projects Mosaic Paradise, Mosaic Brooke Vale, Mosaic Paradise 2, and Brooke De-Villa), and professional consultancy. Pricing is quote-based and tailored per client, with no publicly disclosed price list. Go-to-market is sales-led and direct, relying on executive relationships with corporate, government and HNW clients rather than marketing-driven demand generation, with a basic corporate website (munakgroup.com) and a recently launched Munak Properties Hub digital property portal as the only digital channels.

Munak Group's competitive positioning rests on over two decades of indigenous Nigerian operating history, a multinational OEM partnership portfolio, and the international credentials of Director Antonio Torrejon (former Managing Director of Eurotriafo Transformers Madrid and CEO of Spain-based DUSUMU ELECTRICS). The group is privately held with no disclosed investors, no public funding rounds, and no published financial figures; operations are lean (5 listed employees across the headquarters in Lekki Phase 1, Lagos and an Abuja branch), implying heavy reliance on project subcontractors to deliver its 85+ projects.

Name

MUNAK GROUP

Legal name

Munak Group Ltd

Website

https://munakgroup.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

1–10 employees

Short description

Munak Group is a Nigerian holding company founded in 1998 that delivers power engineering, electrical installation, operations and maintenance, and real estate development services to corporate, government and high-net-worth clients in Nigeria via subsidiaries Munak Electrics Limited and Munak Properties Limited.

Ownership category

akta.pro rank

Headquarters

HQ city

Lekki, Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Power Engineering Services: Revenue from electrical installations, commissioning of power equipment, and specialized configurations for diesel, gas and biofuel power systems. Includes supply and installation of transformers, generators, and electrical infrastructure.
2. Operations and Maintenance Services (O&M): Ongoing O&M service contracts for power equipment, facility maintenance services, and provision of backup services. Recurring revenue from service contracts with clients including Oil & Gas companies and financial institutions.
3. Property Development and Construction: Revenue from road and building construction projects, infrastructure construction/design services, water services installation, and solar unit provision for turnkey water projects.
4. Consultancy Services: Professional consultancy services provided to individuals, corporate organizations and government institutions across power engineering and real estate sectors.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

MUNAK GROUP is an indigenous Nigerian holding company that delivers end-to-end power engineering services including procurement, installation, commissioning, and ongoing operations and maintenance of transformers, generators, energy meters, cables, and panels. Through its two subsidiaries—Munak Electrics Limited (power engineering) and Munak Properties Limited (real estate development under the DeMosaic Homes brand and Munak Properties Hub)—the group also provides construction, infrastructure, water services, and property sales/leasing services to corporates, government institutions, and high-profile individuals.

Product overview

Munak Group is a diversified indigenous Nigerian company operating two main subsidiaries across three business segments: power engineering, real estate development, and oil & gas consultancy. The Munak Electric subsidiary offers a portfolio of power equipment products including Transformers (50kVA-40MVA from ABB, TTH, Siemens, Omarzabel), Power Generators (13kVA-5000kVA from Perkins UK, CAT, Cummins, Lister with Leroy Somer/Stamford/Macate alternators), Energy Metering Solutions, High/Low Voltage Power Cables, and Panels, complemented by electrical installation and O&M services. The Munak Properties subsidiary (DeMosaic Homes) provides construction and real estate development services, while Munak Properties Hub offers property buying, selling, and renting services. The company also provides consultancy services to high-profile individuals, corporate organizations, and government institutions.

Differentiator

Problem solved

Functional benefit

Brands

• Munak Electric: A subsidiary focused on power engineering, electrical installations, commissioning of power equipment, gas and biofuel power equipment for oil servicing industries, procurement and logistics services, and operations and maintenance services.
• Munak Properties
• DeMosaic Homes

Products and services

• Power and Distribution Transformers

Quantifiable outcome

• 85+ projects executed in the last two years

Named customers3 records

Segments4 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

Eleven partnerships are on record, tiered core and minor.

• ABBcoreTechnology or IntegrationStrategic technical alliance for procurement, installation and commissioning of ABB brand transformers with power ratings ranging from 50kVA to 40MVA.
• TTH TransformerscoreTechnology or IntegrationTechnical partnership for procurement and installation of TTH brand power and distribution transformers.
• SiemenscoreTechnology or IntegrationPartnership for Siemens transformers, generator panels, and electrical equipment procurement and installation.
• Perkins UKcoreTechnology or IntegrationGenerator engine supply partnership for Perkins UK diesel, gas and biofuel powered generators with ratings from 13kVA to 5000kVA.
• Caterpillar (CAT)coreTechnology or IntegrationGenerator engine supply partnership for CAT powered generators in various ratings for power generation applications.
• CumminscoreTechnology or IntegrationGenerator engine supply partnership for Cummins powered generators serving diverse power needs.
• Leroy SomercoreTechnology or IntegrationAlternator supply partnership for Leroy Somer alternators used in generator assemblies.
• StamfordcoreTechnology or IntegrationAlternator supply partnership for Stamford alternators used in generator assemblies.
• Schneider ElectriccoreTechnology or IntegrationElectrical panel supply partnership for Schneider Electric generator panels and electrical equipment.
• Eurotriafo Transformers Madrid SpaincoreStrategic or Co-development PartnerStrategic partnership with European transformer manufacturer; former Managing Director Antonio Torrejon brings international expertise to Munak Group.
• DUSUMU ELECTRICS Madrid SpainminorStrategic or Co-development PartnerCompany led by Munak Group Director Antonio Torrejon, serving as a bridge for international technology transfer and European market connections.

Scale indicators2 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Siemens Energy: Global supplier of transformers, generators, panels, and grid solutions. Siemens is a core OEM partner of Munak; comparable as the broad incumbent that competes in the same transformer/panel categories and provides the equipment Munak integrates.
• Schneider Electric: Global electrical equipment giant that supplies panels, switchgear, and energy management solutions — also an active OEM partner of Munak. Comparable as the incumbent whose products Munak integrates, and competes in panels/metering/controls in Nigeria.
• ABB: Global leader in transformers, electrification, and motion products. ABB is a strategic technical alliance partner of Munak for transformers 50kVA–40MVA, and represents the broader incumbent whose portfolio Munak distributes and integrates in Nigeria.
• Wartsila: Global provider of engine-based power plants, energy storage, and marine solutions with strong Africa presence. Comparable as a broad incumbent offering gas/diesel/biofuel generator-based power solutions and lifecycle services, similar to Munak's generator and O&M business.

Direct peers

• Aggreko plc: Global provider of temporary and modular power generation equipment, with strong presence in Africa. Comparable to Munak in delivering diesel/gas/biofuel generator-based power solutions and O&M services to oil & gas, industrial, and utility customers.
• Mantrac Nigeria: Authorized Caterpillar dealer in Nigeria supplying CAT-powered generators, power equipment, and O&M services across multiple sectors. Highly comparable business model: equipment supply + installation + after-sales service for power generation in Nigeria.
• Powergas Africa: West African power and gas solutions provider delivering gas-engine power systems, generators, and turnkey power installations in Nigeria and neighboring markets. Comparable as a regional power-engineering integrator with similar equipment supply, configuration, and service capabilities.

Others

• Perkins Engines: UK-based engine manufacturer supplying diesel, gas and biofuel engines (13kVA–5000kVA) that Munak assembles into its power generators. Not a direct competitor but a key OEM supplier whose product line defines Munak's generator portfolio.
• Caterpillar (CAT): Global manufacturer of engines and power generation equipment, a core OEM partner of Munak for generator assemblies. Not a direct competitor to Munak's integration business but its products underpin Munak's CAT-branded generator offerings.
• Cummins Inc. Global power solutions manufacturer of engines, generators and related components, a core OEM partner of Munak. Not a direct competitor but the supplier whose engines power much of Munak's generator portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/munak-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 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 MUNAK GROUP