East Coast Group Explained

East Coast Group
Formation:1977
Headquarters:Dhaka, Bangladesh
Language:Bengali

East Coast Group is a Bangladeshi diversified conglomerate based in Dhaka.[1] [2] Azam J. Chowdhury is the chairperson of the company.[3] In 2019, it had 30 subsidiaries and US$4 billion in assets.[4] Tanjil Chowdhury, chairman of Prime Bank Limited, is the managing director of East Coast Group.[5]

History

East Coast Group started in 1977 as East Coast Trading Private Limited as an oil trading company.[6] [7] it was founded by Azam J Chowdhury. Chowdhury had also designed the logo of the company.[8]

In 1980, East Coast Group founded Bangladesh Trade Syndicate Limited as a representative of TNT Express.[9]

East Coast Group founded East Coast Shipping Lines Limited as their shipping wing in 1982.[10]

East Coast Group founded EC Securities Limited in 1997 to invest in the stock market.[11] In 1998, East Coast Group founded EC Distribution Limited.[12]

East Coast Group founded Radiant Alliance Limited in October 2010.[13] On 1 November 2010, East Coast Group founded Parkesine Products Limited.[14] It announced plans to four container ships and one oil tanker ship.[15]

East Coast Group founded ASP Crew Management 25 November 2011.[16] Dilruba Chowdhury, director of East Coast Group, is the chairperson of Green Delta Insurance.[17] MJL Bangladesh Limited opened a joint venture with AKT Petroleum Ltd in Myanmar, the first Bangladeshi joint venture in Myanmar.[18]

In November 2015, East Coast Group founded EC Aviation Limited which operates FLY EC.[19] It founded Omera Logistics Limited in December 2015.[20]

In 2019, Azam J. Chowdhury was awarded businessman of the year by The Daily Star and DHL.[21]

Its subsidiary, EC Organic Products Limited, launched halal olive oil products in Bangladesh.[22] It purchased a second oil tanker for MJL Bangladesh Limited.[23] It operates an offshore investment firm, MJL (S) PTE, in Singapore.[24]

Businesses

Notes and References

  1. News: Azam Chowdhury, Shayan Rahman reelected to lead LOAB. live. 2021-05-08 . UNB . en. https://web.archive.org/web/20201215165358/https://unb.com.bd/category/Bangladesh/azam-chowdhury-shayan-rahman-reelected-to-lead-loab/62040 . 2020-12-15 .
  2. News: 2010-12-09. Big players buy cargo ships. 2021-05-08. The Daily Star. en.
  3. Web site: The Board – East Coast Group. 2021-05-08. en-US.
  4. News: 2019-07-06 . Business Person of the Year . 2023-01-10 . The Daily Star . en.
  5. News: 2022-06-07 . Prime Bank reelects chairman . 2023-01-10 . The Daily Star . en.
  6. Web site: East Coast Trading Private Limited – East Coast Group. 2021-05-08. en-US.
  7. News: 2019-07-06. Business Person of the Year. 2021-05-08. The Daily Star. en.
  8. Web site: News & Media – East Coast Group. 2021-05-08. en-US.
  9. Web site: Bangladesh Trade Syndicate Limited – East Coast Group. 2021-05-08. en-US.
  10. Web site: East Coast Shipping Lines Limited – East Coast Group. 2021-05-08. en-US.
  11. Web site: EC Securities Limited – East Coast Group. 2021-05-08. en-US.
  12. Web site: EC Distribution Limited – East Coast Group. 2021-05-08. en-US.
  13. Web site: Radiant Alliance Limited – East Coast Group. 2021-05-08. en-US.
  14. Web site: Parkesine Products Limited – East Coast Group. 2021-05-08. en-US.
  15. News: Rahman . Sajjadur . 2010-12-09 . Big players buy cargo ships . 2023-01-10 . The Daily Star . en.
  16. Web site: ASP Omera Crew Management Limited – East Coast Group. 2021-05-08. en-US.
  17. News: Green Delta re-elects chair . 2023-01-10 . The Daily Star.
  18. News: Rahman . Sajjadur . 2013-07-19 . MJL Bangladesh forms joint venture in Myanmar . 2023-01-10 . The Daily Star . en.
  19. Web site: EC Aviation Limited – East Coast Group. 2021-05-08. en-US.
  20. Web site: Omera Logistics Limited – East Coast Group. 2021-05-08. en-US.
  21. News: 2019-07-06 . Business Person of the Year . 2023-01-10 . The Daily Star . en.
  22. News: 2022-11-14 . EC Organic unveils new olive oil . 2023-01-10 . The Daily Star . en.
  23. News: 2022-04-29 . Mobil Jamuna to buy 2nd oil tanker . 2023-01-10 . The Daily Star . en.
  24. News: 2022-12-05 . MJL raises guarantee for offshore arm . 2023-01-10 . The Daily Star . en.
  25. Web site: EC Bulk Carrier Limited – East Coast Group. 2021-05-08. en-US.
  26. Web site: MJL Bangladesh Limited – East Coast Group. 2021-05-08. en-US.
  27. Web site: Omera Fuels Limited – East Coast Group. 2021-05-08. en-US.
  28. Web site: Omera Petroleum Limited – East Coast Group. 2021-05-08. en-US.
  29. Web site: Omera Cylinder Limited – East Coast Group. 2021-05-08. en-US.
  30. News: 2020-09-29. Locally made LPG cylinders get a cut in VAT. 2021-05-08. The Daily Star. en.
  31. Web site: Clean Fuel Filling Station Limited – East Coast Group. 2021-05-08. en-US.
  32. Web site: Nordic Woods Limited – East Coast Group. 2021-05-08. en-US.
  33. News: 2019-10-11. Omera to install 2.6MW rooftop solar panel. 2021-05-08. The Daily Star. en.

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