About NKFTCL
A trading and engineering enterprise of the Bangladesh Navy, operating through its welfare foundation.
Nou Kollan Foundation Trading Company Ltd. (NKFTCL) is the trading enterprise of Nou Kollan Foundation, the welfare organization of the Bangladesh Navy. Its registered office is at the Naval Headquarters Complex, Banani, Dhaka-1213.
The company was formed to serve the serving and retired personnel of the Bangladesh Navy and their families. It operates as a trading company, delivering a diverse range of services within each client’s time, requirement and budget.
Growing well beyond its original welfare remit, NKFTCL now provides consultancy, dredging and construction, and produces and markets mineral water under the Navy brand through a joint venture.
Mission, vision and values
Set out on the company profile’s own Mission & Vision page.
Mission
To serve the Bangladesh Navy community and national clients with a comprehensive range of engineering and trading services, delivered within each client’s stipulated time, requirement and budget.
Vision
To be recognised across Bangladesh for excellence in dredging, consultancy, survey, construction and trade, and to keep growing the welfare enterprise that supports naval families.
Values
Quality, innovation and client satisfaction on every project, upheld by the discipline and accountability of a Navy institution.
Founded, registered and accountable
A private company limited by shares, trading since 2013 under the Companies Act 1994 and the welfare foundation of the Bangladesh Navy.
Date of incorporation
Incorporated at Dhaka under the Companies Act 1994 (Act XVIII of 1994), and registered with the Registrar of Joint Stock Companies & Firms, Bangladesh.
- Legal form
- Private company limited by shares
- Governing statute
- Companies Act 1994 (Act XVIII of 1994)
- Authorised share capital
- BDT 10,00,00,000
- Registered with
- Registrar of Joint Stock Companies & Firms
- Taxpayer ID (e-TIN)
- 572637144887
- VAT registration (BIN)
- 004112531-0101
- Economic activity
- Services, Imports, Exports
- Registered office
- Naval Headquarters Complex, Banani, Dhaka-1213
Companies Act 1994, s.2(1)(q)
Ten Crore, in 10,00,000 ordinary shares of BDT 100 each
Issued 6 October 2013
Effective August 2021
Ownership & control
The company is wholly a Navy institution. Its form, its shareholding and how it is controlled are set out in its Memorandum and Articles of Association.
Form
A private company limited by shares under the Companies Act 1994, within the meaning of Section 2(1)(q). The liability of members is limited by shares.
Ownership
Nou Kollan Foundation holds 999,993 of the 999,999 subscribed ordinary shares, effectively the whole company. The remaining six are single ex officio seats held by serving naval officers.
Control
The Board is chaired by the Chief of the Naval Staff. It appoints the Managing Director, who attends the Board as Chief Executive but holds no vote.
Closed to the public
No invitation may be issued to the public to subscribe for shares or debentures, membership is capped at fifty, and the right to transfer shares is restricted.
99.999%
held by Nou Kollan Foundation
Shareholding
Subscribers to the Memorandum of Association.
Nou Kollan Foundation
Represented by the Chief of the Naval Staff, as Chairman
999,993
6 ex officio seats
One share each, held by the naval appointment
6
- Authorised
- 1,000,000 shares
- Subscribed
- 999,999 shares
- Unissued
- 1 share
- Par value
- BDT 100 per share
Authorised capital BDT 100,000,000 (Ten Crore). The ring is drawn to scale, which is why it closes: the 6 ex officio shares and the 1 unissued share are too small to register against 1,000,000. Those seats exist to meet the statutory minimum membership, and move with the naval appointment rather than the individual.
How the company is governed
The provisions of the Articles of Association that determine who decides what.
Appointment of the Managing Director
The Board appoints a suitably experienced person as Managing Director and Chief Executive Officer, and sets the tenure, duties and remuneration of the post. The Managing Director attends Board meetings but has no voting right.
Quorum
Four members present in person form a quorum at a General Meeting; four directors present in person form a quorum of the Board.
Bank mandate
Company accounts are operated on the joint signature of the Managing Director and either the Chairman or a Vice Chairman empowered by the Chairman.
Dividends
Dividends are declared in General Meeting and may not exceed the amount the Board recommends.
Disputes
Disputes on the interpretation of the Articles go to arbitration under the Arbitration Act 2001.
Four offices, nationwide
A registered head office at Naval Headquarters, a commercial office in Dhaka, and representative offices at the two major ports.
Registered Head Office
Naval Headquarters Complex
Banani, Dhaka-1213
Commercial Office
133 Eskaton Garden Road
Banglamotor, Dhaka
Representative Office
Agrabad
Chattogram
Representative Office
Town Khalishpur
Khulna
Trusted capability, proven at national scale
Government trust, IHO-certified hydrographic expertise, and a commitment to quality, innovation and client satisfaction on every project.
A Navy Institution
Governed by the Bangladesh Navy through its welfare foundation, with the accountability and discipline that public clients depend on.
Hydrographic Expertise
Led by an IHO Category A certified hydrographer with deep knowledge of Bangladesh’s coastal belt, rivers and seabed morphology.
Delivered at Scale
BDT 5,219.7 Crore across 21 DPM projects for the country’s ports, water boards and government agencies.
Full Project Cycle
One partner from feasibility and survey through design, implementation, supervision and contract management.
Proven Partnerships
Joint ventures with specialist firms including HR Wallingford, CRCC and Spectra Engineers on major national works.
After-Sales Support
Warranty, guarantee and legal support that stay with a project long after handover.
Planted across the island in partnership with , at .
- Island area
- 16,500acres
- Inside the flood embankment
- 1,702acres
- Built with cluster houses & shelters
- 1,350acres
- Resident population served
- 33,036people
Species planted
- Coconut
- Lemon
- Apple jujube
- Papaya
Incorporated, licensed and registered
NKFTCL holds the statutory registrations required to trade, import, export and tender in Bangladesh. Every certificate below is reproduced from the company records. Tap any to view it in full.
7 statutory registrations on record. Certified copies available on request for tender and prequalification.