DBL Group explained

DBL Group
Formation:1991
Headquarters:Dhaka, Bangladesh
Language:Bengali
Region Served:Bangladesh

DBL Group, formerly known as Dulal Brothers Limited, is a Bangladeshi diversified conglomerate based in Dhaka with a focus on the garments industry.[1] [2] The company has received investments from International Finance Corporation, German Investment Corporation, and Swedfund.[3] It has invested to make its factories more green.[4]

History

DBL Group was established in 1991 as Dulal Brothers Limited. The company expanded in the 1994 from a single factory under M. A. Jabbar, managing director of DBL Group who was then a fresh graduate of Computer Science from University of Texas.[5] The company was named after Dulal, brother of M. A. Jabbar, who was killed in 1971 by the Pakistan Army during Bangladesh Liberation War and is managed by the surviving four brothers and their children. M. A. Rahim Feroz is the vice chairman of DBL Group.[6]

In April 2012, DBL Group signed an agreement with IBCS-PRIMAX Software (Bangladesh) Ltd for automation of certain activities at the company.[7] International Finance Corporation provided funding for DBL Group's dying factory, titled colour city, of US$10.5 million in 2014.[8]

DBL Group invested US$100 million in Ethiopia to establish a combined textile and garment factory in 2016.[9] The group received funding from Swedfund and Development Bank of Ethiopia. DBL announced plans to invest US$1.2 billion to establish 19 factories inside DBL Industrial Park in the Srihatta Economic Zone in Sylhet Division.[10]

In 2019, DBL Group became the official franchise of Puma in Bangladesh and established the first store in Dhaka.[11] It manufactures products of Swedish company H&M.[12] In 2020, it had the second largest market share of methocarbamol generic drug in the United States.[13] It evacuated workers from Ethiopia after the outbreak of the Tigray War.[14]

DBL group announced plans to invest US$650 million to establish 10 factories (textiles, ceramics, toiletries, etc) inside DBL Industrial Park in the Srihatta Economic Zone in Sylhet Division.[15] In October 2021, International Finance Corporation provided US$22.7 million to build a dying and finishing factory called Hamza Textiles Limited.[16] It launched DBL Pharmaceuticals in November.[17]

DBL Group announced plans to invest in Vietnam in April 2022 to establish a sewing thread factory.[18] In October 2022, DBL Group signed an agreement with HSBC for host-to-host integration.[19] Shakib al Hasan is the brand ambassador of DBL Ceramics which makes ceramic tiles.[20] It operates a subsidized grocery store for its employees, one of many textile companies in Bangladesh to do so.[21]

In January 2023, British International Investment signed an agreement with DBL Group to provide US$52 million to finance the construction of Jinnat Textile Mills Limited at DBL Industrial Park in the Srihatta Economic Zone in Sylhet Division.[22] It established the first Puma outlet outside of Dhaka in Chittagong in January.[23]

In April, 2017, Neural Semiconductor Limited is launched with VLSI Design Centre. The center is officially inaugurated by Professor Dr. Saiful Islam, then Vice Chancellor of Bangladesh University of Engineering and Technology.[24]

Subsidiaries

Notes and References

  1. Web site: 2023-01-11 . Apparel makers for raising garment accessories manufacturing capacity to achieve $100b exports by 2030 . 2023-01-18 . The Business Standard . en.
  2. Web site: DBL Ceramics plans to export tiles . 2023-01-18 . New Age . en.
  3. Web site: About Us . live . https://web.archive.org/web/20220203163633/http://www.dbl-group.com/about-us/ . 3 February 2022 . 18 January 2023 . DBL Group . en-US.
  4. Web site: Mirdha . Refayet Ullah . 2017-10-17 . DBL Group: Championing green production methods . 2023-01-18 . The Daily Star . en.
  5. Web site: Mirdha . Refayet Ullah . 2022-09-11 . Rise of an apparel mogul . 2023-01-18 . The Daily Star . en.
  6. Web site: 2021-10-09 . Diversification makes them stronger . 2023-01-18 . The Business Standard . en.
  7. Web site: 2012-04-26 . DBL Group goes for automation . 2023-01-18 . The Daily Star . en.
  8. Web site: 2014-02-13 . DBL Group borrows $10.5m from IFC . 2023-01-18 . The Daily Star . en.
  9. Web site: Mirdha . Refayet Ullah . 2016-05-27 . DBL Group to set up $100m garment factory in Ethiopia . 2023-01-18 . The Daily Star . en.
  10. Web site: Parvez . Sohel . 2017-10-11 . DBL Group goes for $1.2b expansion . 2023-01-18 . The Daily Star . en.
  11. Web site: 2023-01-11 . World famous sports brand PUMA set to start its journey in The Port City, Chattogram . 2023-01-18 . The Daily Star . en.
  12. News: Paton . Elizabeth . Maheshwari . Sapna . 2019-12-18 . H&M's Different Kind of Clickbait . en-US . The New York Times . 2023-01-18 . 0362-4331.
  13. Web site: 2020-03-26 . DBL Pharma, now second biggest seller of muscle pain medicine in the US . 2023-01-18 . The Daily Star . en.
  14. Web site: Staff Correspondent . DBL Group brings back workers from Ethiopia as conflict continues . 2023-01-18 . bdnews24.com . en.
  15. Web site: Chakma . Jagaran . 2021-08-23 . DBL on $650m expansion spree . 2023-01-18 . The Daily Star . en.
  16. Web site: 2021-10-19 . IFC finances $22.7m in Hamza Textiles, a concern of DBL Group . 2023-01-18 . The Daily Star . en.
  17. Web site: 2021-11-10 . DBL Pharmaceuticals Limited starts its journey . 2023-01-18 . The Business Standard . en.
  18. Web site: Mirdha . Refayet Ullah . 2022-04-04 . DBL to invest in Vietnam to make sewing thread . 2023-01-18 . The Daily Star . en.
  19. Web site: 2022-10-03 . HSBC, DBL Group sign deal on H2H integration solution . 2023-01-18 . The Daily Star . en.
  20. Web site: 2022-07-23 . DBL Ceramics Brand Ambassador Shakib inaugurates display center in Chittagong . 2023-01-18 . www.dhakatribune.com . en.
  21. Web site: 2022-08-20 . RMG workers struggle to survive rising commodity prices, owners say they are in hard times too . 2023-01-18 . The Business Standard . en.
  22. Web site: 2023-01-08 . DBL Group gets $52m British loan to establish a new textile factory . 2023-01-18 . The Daily Star . en.
  23. Web site: 2023-01-14 . Puma expanding footprint as outlet opens in Chattogram . 2023-01-18 . The Daily Star . en.
  24. Web site: 2024-03-11 . Neural Semiconductor's VLSI Design Center begins its journey . 2024-03-11 . The Daily Star . en.
  25. Web site: Business Concerns . live . https://web.archive.org/web/20220217031633/https://www.dbl-group.com/business-concerns/ . 17 February 2022 . 18 January 2023 . DBL Group . en-US.
  26. Web site: Sports DBL Group . 2023-01-18 . en-US.
  27. Web site: Financing Company . IDLC . en-US.

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