Eng Kong Holdings Pte Ltd.
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Eng Kong Holdings Pte Ltd. - overview
Established
1975
Location
-, -, Singapore
Primary Industry
Logistics & Distribution
About
Eng Kong Holdings Pte Ltd. , based in Singapore, specializes in innovative technology solutions that enhance operational efficiency for businesses across various sectors, including manufacturing and logistics. Founded in 1975 in Singapore, Eng Kong Holdings Pte Ltd. provides technology solutions that optimize business operations.
The company has undergone a significant change with its acquisition by Navis Capital Partners, which took place in September 2010 for SGD 77. 4 million in a Public to Private transaction. The firm was co-founded by Siswanta Atmadja and Tiara Bentz, and its current CEO is Astrit Çitaku, under whose leadership the company continues to expand its offerings. Eng Kong specializes in providing innovative technology solutions primarily focused on enhancing operational efficiency and productivity for businesses across various sectors.
The company offers a suite of software applications designed to streamline workflow processes, improve data management, and facilitate real-time communication among teams. Their flagship product is an enterprise resource planning (ERP) system designed for medium to large enterprises, providing modules for finance, inventory management, and customer relationship management. Eng Kong's solutions serve industries including manufacturing, logistics, and retail, with a customer base spanning North America, Europe, and parts of Asia, aiming to solve operational challenges such as data silos and inefficient resource allocation. In the most recent year of 2023, Eng Kong reported a revenue of SGD 115,822,686.
40 and an EBITDA of SGD 20,192,616. 60. Revenue is generated primarily through a subscription-based model for their software solutions, allowing clients to engage with various tiered pricing plans tailored to their needs. The company also partners with system integrators and resellers to extend its market reach, alongside offering premium support services to ensure ongoing assistance for clients.
Eng Kong Holdings Pte Ltd. is focused on expanding its product offerings and market reach. The company plans to launch new technology solutions aimed at improving business intelligence and analytics capabilities by 2024. Additionally, Eng Kong is targeting expansion into Southeast Asian markets, including Malaysia and Indonesia, looking to establish a presence by 2025.
The recent funding round of SGD 77. 4 million will be utilized to support these initiatives, enhancing product development and facilitating entry into these new regions.
Current Investors
Navis Capital Partners
Primary Industry
Logistics & Distribution
Sub Industries
Facilities & Maintenance Services, Freight Transportation Services, Warehouses
Website
www.engkong.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Eng Kong Holdings Pte Ltd. - timeline of key events
Eng Kong Holdings Pte Ltd. - financials
| Fiscal Year Ended | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 121,513,000 | 201,002,000 | 186,722,000 | 183,670,000 | 174,445,000 | 153,398,000 | 151,222,000 | 148,808,000 | 175,738,000 | - | - | - |
| % Revenue Growth (YoY) | - | 65.4% | (7.1%) | (1.6%) | (5.0%) | (12.1%) | (1.4%) | (1.6%) | 18.1% | - | - | - |
| EBITDA (USD) | 25,648,000 | 30,954,000 | 27,182,000 | 25,500,000 | 24,443,000 | 10,866,000 | 31,427,000 | 35,792,000 | 32,166,000 | - | - | - |
| Operating Income (USD) | 19,792,000 | 21,150,000 | 17,275,000 | 15,242,000 | 14,985,000 | 2,073,000 | 12,965,000 | 16,976,000 | 13,676,000 | - | - | - |
| Operating Margin | 16.3% | 10.5% | 9.3% | 8.3% | 8.6% | 1.4% | 8.6% | 11.4% | 7.8% | - | - | - |
| % EBITDA Margin | 21.1% | 15.4% | 14.6% | 13.9% | 14.0% | 7.1% | 20.8% | 24.1% | 18.3% | - | - | - |
| NET Income (USD) | 15,733,000 | 13,910,000 | 12,043,000 | 9,824,000 | 11,231,000 | (2,238,000) | 5,540,000 | 10,320,000 | 8,703,000 | - | - | - |
| % Net Margin | 12.9% | 6.9% | 6.4% | 5.3% | 6.4% | (1.5%) | 3.7% | 6.9% | 5.0% | - | - | - |
Eng Kong Holdings Pte Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Best China Development | - | ||||||||
| Public to Private | Completed | Eng Kong Holdings Pte Ltd. | - |
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Eng Kong Holdings Pte Ltd. - employee data
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