A fast-growing economy, Bangladesh is giving a tough competition to most developing countries in the world. Widely hailed as ‘the new Asian Tiger’, Bangladesh has emerged as an impressive lower middle-income country Much of this credit for the development of Amar Shonar Bangla goes to the private business groups who have made significant contributions to the development of economy. We bring you a list of top 10 companies in Bangladesh. Take a look:
Beximco Group is the largest, oldest and most diversified industrial conglomerates of Bangladesh. Salman F Rahman, along with his brother Sohail F Rahman, founded it in 1972. Today, Beximco Group has almost 50,000 employees. The group is listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange, with a market capitalization of over $ 300 million. Its pharmaceutical division, Beximco Pharma, is listed on the London Stock Exchange. Beximco’s key businesses include ceramics, pharmaceuticals, textiles, jute, information technology, aviation, media, finance, real estate, construction, and energy.
Abul Khair Group
Founded in 1953, Abul Khair Group is a Chittagong-based industrial conglomerate. One of the nation’s fastest-growing business groups, Abul Khair Group provides employment to about 38,000 people across its operations, which include manufacturing and marketing of diverse fast moving consumer goods (FMCG).
Another large conglomerate of Bangladesh, Basundhara Group was started by Ahmed Akbar Sobhan in 1987 as a real estate venture named East West Property Development Limited (EWPD). After tasting success with subsequent projects, the group changed its name to Basundhara Group and forayed into several industries like cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution.
Advance Chemical Industries (ACI) was founded by M Anis Ud Dawla as a part of Imperial Chemical Industries (ICI) in 1968. The company operates through three reportable segments: Pharmaceuticals, Consumer Brands and Agribusiness, and employs more than 7,275 people.
Navana Group was founded in 1964 by Jahurul Islam. One of the largest business groups in Bangladesh, it operates in various arenas, which include product and project marketing, international trading, construction and real estate business, distributions and production.
Samson H founded Square Group in 1958. Chowdhury, along with his three friends as a private firm. It went public in 1991, and is currently holding the strong leadership position in the pharmaceutical industry. It has pioneered the development of the local business in fields as diverse as pharmaceuticals, toiletries, garments, textile, information technology, health products, food products, hospital, etc.
Program for Rural Advancement Nationally (PRAN) was established in 1981 by Major General (Retd.) Amjad Khan Chowdhury as a processor of fruits and vegetables. As of 2016, PRAN’s exports have reached 10 billion Takas. PRAN employs over 80,000 people directly, while more than 200,000 people are employed indirectly by the group to run its various companies.
Ananda Group was started in 1983 by Abdullah Bari Farina as a realtor firm. Over the years, the group has ventured into various industries, which include heavy engineering, textiles, shipbuilding and real estate.
City Group was founded by business magnate Fazlur Rahman in February 1972. The first venture of the group was a mustard oil company named City Oil Mills. Today, the group has its presence registered in various arenas like steel, printing & packaging, shipping, consumer goods, foods, shares and securities, insurance, power and energy, media, and healthcare. City Group employs about 10,000 people.
Started in 1959 by industrialist MA Hashem, Pratex Group made its beginning with tobacco trading. The group has grown massively over the years, and currently deals in a number of business sectors, including plastics, fabrics, food and beverages, shipping, furniture, real estate, paper, jute, cotton, sugar, media, and education.
Did you expect to see some other company on the list? Let us know in the comments section!