Fateh Group

What Fateh Group does

Fateh Group is a privately held Iranian industrial conglomerate founded in 1989, originally as a steel workshop and now operating 24 wholly-owned subsidiaries with 6,000 employees. The group provides integrated Engineering, Procurement, and Construction (EPC) services to the domestic oil & gas, petrochemical, refining, power, and mining sectors, alongside parallel operations in equipment manufacturing, chemical production, offshore services, commodity trading, and agriculture. Its core customers are Iranian national and regional oil companies, with documented involvement in flagship projects including South Pars gas field and Arak mega refineries.

The group's technology base spans ASME and API-compliant fabrication of pressure vessels, heat exchangers, reactors, towers, and boilers; membrane and media-based filtration; modular natural gas treatment and compression systems; downstream methanol chemistry at an 8-unit chemical park; chromite concentrate processing (150,000 tons/year) feeding the Middle East's first ferrochrome furnace (12,000 tons/year); offshore platform inspection and residential barge support (322 beds, 153m operating depth); and a 15-helicopter aviation fleet for offshore logistics. Certifications include ISO 9001 via TÜV at subsidiary Partogaran Kimia Sanat. The group is recognized as Iran's "Master Entrepreneur of the Year."

Fateh Group's business model combines professional services (EPC, O&M, maintenance, NDT inspection), hardware sales (process equipment and consumables such as catalysts and molecular sieves), chemical production (methanol derivatives, ferroalloys), managed services (offshore support, aviation logistics), and international trading of petrochemicals and refined products through its Fateh Energy subsidiary. Pricing is quote-based and not publicly disclosed, reflecting long-cycle enterprise B2B sales. Revenue mechanics depend on national project capex cycles and state-owned counterparties, with all operations domiciled in Iran.

Name

Fateh Group

Legal name

Fateh Group

Website

https://fatehgroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fateh Group is an Iranian private conglomerate operating 24 subsidiaries and 6,000 employees across integrated EPC, equipment manufacturing, chemical production, mining, offshore services, and trading for the domestic oil & gas and petrochemical sectors.

Ownership category

akta.pro rank

Product category

Industrial EPC and Energy Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Mining and Oil and Gas Field Machinery Manufacturing (33313), Petrochemical Manufacturing (32511)

SIC

Oil & Gas Field Machinery & Equipment (3533), Fabricated Plate Work (Boiler Shops) (3443)

akta.pro primary industry

Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG)

akta.pro secondary industry

Oilfield & Refining Specialty Chemicals (IMAEABAI)

Keywords

• EPC project services
• Oil and gas equipment
• Petrochemical manufacturing
• Industrial pressure vessels
• Mining and ferroalloys

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC Services: Engineering, procurement, and construction services for oil & gas, petrochemical, and power projects. Revenue generated through project contracts, construction management fees, and execution services.
2. Equipment Manufacturing and Sales: Design and manufacturing of pressure vessels, heat exchangers, boilers, catalysts, molecular sieves, and process equipment sold to industrial clients domestically and internationally.
3. Chemical Production: Operation of chemical production plants including methanol derivatives (ethanol, acetic acid, acrylic acid, superabsorbent polymers, polypropylene). Two-phase chemical park development.
4. Trading and Distribution: Commercial trading of petrochemical products, refined oil derivatives, and minerals in domestic and international markets. Revenue from bulk shipment logistics and product sales.
5. Operations and Maintenance Services: O&M services for refineries, petrochemical plants, and offshore platforms. Includes maintenance contracts, inspection services, and technical support.
6. Investment Advisory: Strategic investment advisory, capital management, and project development services including feasibility studies, financial modeling, risk analysis, and capital raising solutions.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Fateh Group is an integrated industrial conglomerate that delivers engineering, procurement, and construction (EPC) services, designs and manufactures industrial equipment (pressure vessels, heat exchangers, boilers, reactors), produces chemicals from downstream methanol, and operates mining, offshore maintenance, and trading activities for Iran's energy sector. Through 24 wholly-owned subsidiaries, the group serves oil & gas, petrochemical, refining, power, and mining customers with single-source project execution from concept through operations and maintenance.

Product overview

Fateh Group is a diversified industrial conglomerate operating primarily in Iran's energy sector, offering integrated EPC services as its core business alongside multiple specialized subsidiaries. The portfolio includes chemical production (Fateh Kimia Petrochemical operating a chemical park with 8 production units), equipment manufacturing (Fateh Sanat Kimia, Fateh Boiler, Kimiagaran Sanat Pars), mining operations (Fateh Mining, Pouya Madan, Techwin Fanavaran), offshore services (Offshore Petro Process, PASCO Aviation), maintenance services (FSK Maintenance), filtration solutions (Nitel Pars), gas processing (Pars Tose'e Fateh), commodity trading (Fateh Energy), and agriculture (Fateh Faravar). The group provides end-to-end solutions from upstream exploration through downstream processing and trading, with 24 subsidiary companies supporting the energy value chain.

Differentiator

Problem solved

Functional benefit

Products and services

• Enerchimi (EPC Contracting Services) Leading EPC contractor delivering integrated project solutions in the energy sector with focus on oil, gas, and petrochemical industries, offering plant design, equipment procurement, and on-site project execution for enterprise customers in Iran's energy sector.
• Petro Fanavaran Fateh (FPT) EPC Contracting
• Fateh Sanat Kimia (Pressure Vessel & Process Equipment Manufacturing)
• Fateh Boiler (Industrial Boiler & Thermal Systems)
• Kimiagaran Sanat Pars (Combustion Equipment & EPC Consultancy)
• Nitel Pars (Membrane & Media Filtration Technologies)
• Pars Tose'e Fateh (PTF) Gas Treatment & Compression
• Fateh Kimia Petrochemical (Chemical Park Production)

Quantifiable outcome

• Over 55 mega projects completed in equipment manufacturing
• +3 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators15 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Larsen & Toubro: Indian industrial conglomerate with major EPC, construction, and heavy engineering capabilities across oil & gas, petrochemical, and power. Comparable integrated EPC + manufacturing model at much larger global scale.
• McDermott: Global EPC contractor focused on offshore and subsea oil & gas projects. Comparable to Fateh Group's offshore platform maintenance and EPC capabilities, though with international scope.
• Saipem: Global oil & gas EPC contractor with strong offshore and onshore project execution capabilities. Comparable in core EPC scope and customer base (national oil companies), though far larger and globally diversified.
• Doosan Enerbility: Korean heavy industrial manufacturer and EPC contractor for power plants, desalination, and process equipment. Comparable in industrial-scale equipment fabrication (boilers, turbines, heat exchangers) and EPC execution.
• Petrofac: Global EPC and O&M provider for the oil & gas industry with extensive EPC and asset management capabilities. Comparable as a larger, internationally diversified incumbent in the same EPC service category.
• TechnipFMC: Global technology and EPC provider for the energy industry including subsea, surface, and onshore/offshore projects. Comparable in core EPC + process equipment manufacturing model, though with global scale.

Direct peers

• Kayson Group: Iranian EPC and industrial conglomerate active in oil & gas, construction, and infrastructure. Comparable vertically integrated model serving Iranian state-owned industrial customers.
• Iranian Offshore Engineering & Construction Co (IOEC): Iranian offshore EPC contractor specializing in platform construction, submarine pipelines, and offshore installation. Closely comparable to Fateh Group's Offshore Petro Process subsidiary and offshore service portfolio.
• Petropars: Iranian EPC contractor and upstream operator focused on oil & gas field development, including major South Pars phases. Directly comparable as a domestic Iranian EPC player serving the same state-owned energy customers.
• MAPNA Group: Iranian industrial conglomerate providing EPC, manufacturing (turbines, generators), and O&M services across power, oil & gas, and rail. Comparable integrated business model and Iranian state-customer base similar to Fateh Group.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fatehgroup

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries21 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 Fateh Group