Bashundhara Group Explained

Bashundhara Group
Image Alt:Bashundhara Group Official Logo
Image Caption:Bashundhara Group Official Logo
Native Name:বসুন্ধরা গ্রুপ
Type:Private
Industry:Real estate, manufacturing
Hq Location:Pushpanjali, Bashundhara Convention Center Road
Hq Location Country:Bangladesh
Products:Cement, tissue, media, LPG, paper, real estate, shopping mall, steel, food & beverage, shipping, sports
Founder:Ahmed Akbar Sobhan
Owner:Ahmed Akbar Sobhan & family
Num Employees:700,000+

Bashundhara Group[1] (Bengali: বসুন্ধরা গ্রুপ) is a Bangladeshi conglomerate[2] and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987[3] as a real estate company under the name East West Property Development Ltd (EWPD). After its first project turned out to be successful, the company grew quickly. It presently owns more than 50 major concerns throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year.[4] In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.[5]

History

Bashundhara Group, founded by Ahmed Akbar Sobhan,[6] began in 1987 as a real estate venture. After its first successful project, Bashundhara invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution. Bashundhara received permission from the Bangladesh Economic Zones Authority to set up two specialized economic zones in Keraniganj, Dhaka, Bangladesh.[7]

Investments

Enterprises

Bashundhara Group now operates over 50 concerns:

  1. East West Property Development (Pvt) Limited[16]
  2. Meghna Cement Mills Limited[17]
  3. Bashundhara Shipping Lines Limited[18]
  4. Bashundhara Shipping Limited
  5. Bashundhara Logistics Limited[19]
  6. Bashundhara Horticulture Limited
  7. Bashundhara Chemical Industries Limited
  8. Bashundhara Trading Company Limited
  9. Bashundhara International Trade Center Limited
  10. Bashundhara Multi Trading Limited
  11. Bashundhara General Trading LLC Dubai
  12. Bashundhara Employment Services[20]
  13. Bashundhara Electricity Limited
  14. Bashundhara Infrastructure Development Limited
  15. Bashundhara Import Export Limited
  16. Bashundhara Agricultural Products Limited
  17. Bashundhara Multi Agricultural Company Limited
  18. Bashundhara Multi Paper Industries Limited
  19. Bashundhara Amusement Park Limited
  20. Bashundhara Oil and Gas Company Limited
  21. Bashundhara Multipurpose Port Limited
  22. Bashundhara Textile Mills Limited
  23. Bashundhara Airways Limited
  24. Bashundhara Multi Food Products Limited
  25. Bashundhara Technologies Limited
  26. Bashundhara Paper Mills Limited[21]
  27. Bashundhara Fine Paper Limited[22]
  28. Bashundhara Pulp & Board Mills Limited
  29. Bashundhara LP Gas Limited[23]
  30. Bashundhara City Development Limited[24]
  31. Bashundhara Steel Complex Limited[25]
  32. Bashundhara Industrial Complex Limited[26]
  33. Bashundhara Steel And Engineering Limited[27]
  34. Bashundhara Multi Steel Industries[28]
  35. Bashundhara Foundation[29]
  36. Bashundhara Convention Center[30]
  37. Bashundhara Dredging Company Limited[31]
  38. Bashundhara Technical Institute[32]
  39. Bashundhara Telecommunications Network Limited[33]
  40. Bashundhara Food and Beverage Industries Limited[34]
  41. Sundarban Industrial Complex Limited[35]
  42. Bashundhara Cement Industries Limited[36]
  43. Bashundra Toiletries Limited[37]
  44. Bashundhara Pre-Fabricated Building Manufacturing Industries[28]
  45. Dhaka Multi Agricultural Complex Limited
  46. Sea Real Estate Developers Limited
  47. East West Media Group[38]
  48. Bashundhara Kings
  49. Rangpur Riders
  50. Kebab Turki Baba Rafi (Bangladesh)
  51. Toggi Services Limited[39]
  52. Bir Cement Limited[40]

Bashundhara City

See main article: Bashundhara City. Bashundhara City (Bengali: বসুন্ধরা সিটি) is the second-largest shopping mall of Bangladesh. Construction of the shopping mall began in 1998; Mohammad Foyes Ullah and Mustapha Khalid Palash of Vistara designed the building. Opened to the public on 6 August 2004,[41] the mall is located at Panthapath, near Karwan Bazar, in Dhaka city and cost over $100 million to complete. Bashundhara City is 21 stories tall, of which 8 are used for the mall, which houses hundreds of Bangladeshi fashion houses and jewelry shops, as well as around 100 food outlets which sell foods like French fries, burgers, fried chicken, etc.[42]

Despite experiencing two significant fires, the second-largest shopping mall in Bangladesh remains a prominent establishment in the heart of the city. The first fire occurred on March 13, 2009, resulting in the deaths of 7 people and injuries to 20 others. The second incident, which took place in 2016, did not result in any casualties.[43]

Key People's

  1. Ahmed Sobhan (Chairman)[44]
  2. Yasin Ali (Creative Designer)
  3. Mahbub Alam (General Manager)
  4. Atiq khjan (General Manager)
  5. Asad Mamun (Company Secretary)
  6. Mohammad Ala (General Manager)
  7. Sayem Sobhan Anvir (Managing Director)[45]
  8. Maruf Hossain (Senior Executive)
  9. Kamal Siddiqi (Deputy General Manager)

10. Tasib Rahman (Advisor) ²¹

Bashundhara Residential Area

See main article: Bashundhara Residential Area.

Media Ventures

Bashundhara Group has diversified its business interests across various sectors, including real estate and the steel industry. In 2009, the group launched East West Media Group Ltd., which now operates several major media outlets in Bangladesh. These include two television channels, one FM radio station, an online newspaper, and three print media publications.

The Bengali-language national daily newspapers owned by East West Media Group are Kaler Kantho and The Daily Bangladesh Pratidin.[46] The group also publishes the English-language newspaper Daily Sun.[47] Additionally, the online news portal banglanews24.com provides content in both Bengali and English.[48]

The television channels owned by the group include News24 and T-Sports, while Radio Capital is its FM radio station.

See also

Sources

External links

Notes and References

  1. News: Stay alert to check militancy . The Daily Star . UNB . 2016-08-09 . 2016-08-11.
  2. Web site: Bashundhara Group is one of the largest and leading companies in all of Bangladesh . 2012-03-04 . 2012-04-20 . https://web.archive.org/web/20120420070011/http://www.care2.com/c2c/share/detail/3115413 . dead.
  3. Web site: Bashundhara Official Profile . 2012-03-04 . https://web.archive.org/web/20120317214351/http://www.bg.com.bd/index.php?option=page&id=1&Itemid=2 . 2012-03-17 . dead.
  4. News: Milad . Masud . 2023-09-18 . 8 local business conglomerates enter billion-dollar club . 2023-10-28 . Prothom Alo . en.
  5. News: Alo . Jebun Nesa . 2018-03-17 . All set for mega oil refinery . 2023-10-28 . The Daily Star . en.
  6. News: Supreme Court orders Bashundhara Group chief to surrender in tax evasion case . bashundharagroup.com . 2016-08-11.
  7. News: Bashundhara to build two economic zones . 2016-07-27 . The Daily Star . 2016-08-11.
  8. Web site: Islam . A. K. M. zahidul . Bashundhara Invests Tk 2000cr in Food Sector for Quality atta, flour, suji to hit market soon . 2023-12-14 . Bashundhara Invests Tk 2000cr in Food Sector for Quality atta, flour, suji to hit market soon . en.
  9. News: 2020-02-23 . Bashundhara builds Bangladesh's biggest bitumen plant . 2020-07-02 . The Daily Star . en.
  10. News: 2023-02-07 . Bashundhara Group wins bid to supply 8m MT of coal to Rampal power plant . 2023-12-14 . The Business Standard . en.
  11. News: Bashundhara’s mega oil refinery will reduce import, cost of gas . Dhaka Tribune . 28 July 2021.
  12. News: February 10, 2022 . Involve private banks in Bashundhara Gold Refinery project: BB instructs banks . The Business Standard.
  13. News: 2022-11-08 . Bashundhara goes big to utilise first-mover advantage . 2023-12-14 . The Business Standard . en.
  14. News: Bashundhara's concern signs deal with CSE to buy 25pc stakes . 2023-12-14 . New Age . en.
  15. News: Hasan . Mahmudul . 2023-09-28 . Bashundhara seeks to invest in Teletalk . 2023-12-14 . The Daily Star . en.
  16. News: Bashundhara chairman sued for 'fraud' . The Daily Star . 2011-12-18 . 2016-08-11.
  17. News: Chinese national among two dead after 'inhaling poisonous gas' in abandoned barge in Mongla . bdnews24.com . 2016-08-11.
  18. Web site: Directors Profile Meghna Cement Limited . www.meghnacement.com . 2019-11-13.
  19. Web site: Bashundhara Logistics Ltd. . www.bashundharagroup.com . 2016-08-11 . https://web.archive.org/web/20160814203751/http://www.bashundharagroup.com/logistic/index.php?view=contact_us . 2016-08-14 . dead.
  20. https://bashundhara-bd.com/
  21. News: DoE fines three factories of Bashundhara, Ha-Meem groups . bdnews24.com . 2016-08-11.
  22. Web site: Ahmed Akbar Sobhan - Biography . MarketScreener . www.marketscreener.com . en . 2019-11-15.
  23. News: LPG price hike: Traders take advantage of Ramadan . Dhaka Tribune . 2016-08-11 . https://web.archive.org/web/20160829015725/http://archive.dhakatribune.com/commerce/2013/jul/21/lpg-price-hike-traders-take-advantage-ramadan . 2016-08-29 . dead.
  24. News: Scared shoppers send sales plummeting . Prothom Alo . 2016-08-11 . https://web.archive.org/web/20160807014312/http://en.prothom-alo.com/bangladesh/news/114871/Scared-shoppers-send-sales-plummeting . 2016-08-07 . dead.
  25. Web site: Bashundhara Steel Complex Limited - Bashundhara Steel Complex Limited . Yohan . www.bashundharasteel.com . 2016-08-11.
  26. News: Akbar, sons, wife get 8 years for tax evasion . The Daily Star . 2007-09-30 . 2016-08-11.
  27. Web site: Bashundhara Steel and Engineering Limited . root . www.bashundharagroup.com . 2016-08-11.
  28. News: 2020-08-18 . Bashundhara Group to fork out Tk 4,350cr to set up three factories at BSMSN . 2020-08-18 . The Daily Star . en.
  29. Web site: Bashundhara Foundation . www.bashundharafoundation.com . 2016-08-11.
  30. News: Ex-NSU student 'missing' from Ctg, rescued in Dhaka . The Daily Star . 2016-08-04 . 2016-08-11.
  31. News: Bashundhara gets economic zone licences . The Daily Star . 2016-07-28 . 2016-08-11.
  32. Web site: Home - Bashundhara Technical Institute . Bashundhara Technical Institute . en-US . 2016-08-11.
  33. News: Why Bashundhara Group chief's son acquitted of Sabbir murder charge: HC . bdnews24.com . 2016-08-11.
  34. News: Big firms to go for rice milling . The Daily Star . 2015-01-21 . 2016-08-11.
  35. Web site: Sundarban Industrial Complex Ltd. . www.bashundharagroup.com . 2016-08-11.
  36. News: SLAG base cement – new horizon for sustainable & durable construction . The Daily Star . 2016-08-11.
  37. News: Bashundhara Toiletries unveils its logo . Daily Sun . September 2023.
  38. Web site: Bashundhara now has over 20 major concerns . 2015-01-01 . https://web.archive.org/web/20150109142653/http://www.bangladeshdir.com/business-finance/realestate/bashundhara-group-ltd/ . 2015-01-09 . dead.
  39. Web site: Toggi Services Limited . 2022-08-20 . Toggi Services Limited . en-US.
  40. News: Bashundhara Group launches 'Bir Cement' . Daily Sun . November 2021 . 2021-12-11.
  41. News: Bashundhara Group is one of the largest and leading companies in all of Bangladesh . The Daily Star.
  42. Web site: Shopping at Bashundhara City . Bangladesh.com.
  43. News: 2016-08-21 . Fire again at Bashundhara City mall . 2023-08-30 . The Daily Star . en.
  44. Web site: Bashundhara Group . 2024-06-23 . The Daily Star . en.
  45. Web site: Islam . A. K. M. zahidul . Sayem Sobhan Anvir . 2024-06-23 . Sayem Sobhan Anvir . en.
  46. Web site: Bangladesh Pratidin . Bangladesh Pratidin . 2022-04-19.
  47. Web site: Daily Sun . Daily Sun . 2022-04-19.
  48. Web site: Bangla News and Entertainment 24x7 . banglanews24.com . 2022-04-19.

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