Impress Group Explained

Impress Group
Formation:1978
Headquarters:Dhaka, Bangladesh
Region Served:Bangladesh
Language:Bengali
Subsidiaries:Channel iIncepta Pharmaceuticals
Incepta Vaccines LimitedImpress Energy and Services Limited
Radio Bhumi
Allied Garments Limited
Impress Telefilms
Revenue:৳5406 Crore
US$640 million

Impress Group is a Bangladeshi diversified conglomerate based in Dhaka.[1] [2]

History

Impress Group was established in 1978 as Impress Limited, an advertising agency.[3] The Directors of the Group are Zahiruddin Mahmud, Abdur Rashid Majumder, Enayet Husain Siraj, Faridur Reza Sagar, Reaz Ahmed Khan, and Abdul Muqeed Majumdar.[4]

Impress Group established Impress Telefilms Limited in 1996.

Impress Group financed Abdul Muktadir to establish Incepta Pharmaceuticals in 1999.[5] The company started retail distribution in January 2000. Incepta is the second largest pharmaceutical company in Bangladesh.[6]

Impress Group's television channel, channel i, started on air operations from 1 October 1999. Shykh Seraj is the Direct and head of news of Channel i.[7]

Impress Group starts a fourth nightly entertainment magazine called Ananda Alo in 2008.

Impress Group becomes the majority shareholder of Karnaphuli Fashions Limited, Karnaphuli Knitting and Dyeing Limited, and Newtex Designs Limited in 2009. The companies are reorganized under the Impress-Newtex Composite Textiles limited. In 2010, Brummer & Partners Asset Management (Bangladesh) Limited purchases a stake in Impress-Newtex Composite Textiles limited and announced further investment in the company to expand production capacity.[8]

Incepta Pharmaceuticals starts manufacturing vaccines in Bangladesh in 2011. It is the first local vaccine manufacturer in Bangladesh.

Impress Group founded Impress Boutique Cinema to finance indie filmmakers on 30 March 2013.[9]

Incepta Aviations and Impress Capital Limited starts operations in 2014. Impress Aviation provides charter helicopter services in Bangladesh.[10]

On 28 July 2016, Incepta Vaccines starts mass-producing vaccines at a facility in Savar Upazila. A subsidiary of Impress Group, Next Space Limited is hired as a subcontractor for Rooppur Nuclear Power Plant.

In January 2021, Arastoo Khan was made the chief executive officer and managing director of Impress Capital Limited.[11] He is the former chairperson of Bangladesh Commerce Bank and Islami Bank Bangladesh. Abdul Muktadir, chairperson of Incepta Vaccines said that they can produce COVID-19 vaccines for the COVID-19 pandemic in Bangladesh if they were provided a blueprint for the vaccine production.[12]

In 2024 the Impress Group acquired 80 % of the German aligner brand DrSmile.[13]

Businesses

Notes and References

  1. Web site: YGAP Bangladesh Wins the Best Incubator/Accelerator Program Award in the SAARC Startup Awards 2020 - Future Startup. 2021-05-23. en-US.
  2. News: 2019-09-22. Shykh Seraj receives lifetime achievement award. 2021-05-23. The Daily Star. en.
  3. Web site: Welcome to Impress Group. 2021-05-23. impress-group.org.
  4. News: 2017-06-09. Shahana Begum passes away. 2021-05-23. The Daily Star. en.
  5. News: 2019-12-24. Incepta on a roll. 2021-05-23. The Daily Star. en.
  6. Web site: Incepta Pharmaceuticals A leading pharmaceutical company in Bangladesh. 2021-05-23. www.inceptapharma.com.
  7. News: Fairuz Labiba crowned 'Gaaner Raja'. 2021-05-23. The Independent . Dhaka.
  8. News: 2010-12-03. Brummer & Partners to buy Impress Newtex stake. 2021-05-23. The Daily Star. en.
  9. Tsui. Clarence. 2013-04-05. Bangladesh's Impress Group Launches Project to Back Young Filmmakers. 2021-05-23. The Hollywood Reporter. en-US.
  10. Web site: Impress Aviation Limited :: About Us. 2021-05-23. www.impressaviation.com.
  11. News: 2021-01-18. Impress Capital gets new MD. 2021-05-23. The Daily Star. en.
  12. News: 2021-03-19. Drug companies say coronavirus could be stopped in months rather than years. Here's how. 2021-05-23. www.abc.net.au. en-AU.
  13. News: 2024-08-15. Straumann setzt sich höhere Ziele und trennt sich von DrSmile – Aktie legt deutlich zu. 2024-08-15. www.moneycab.com. ger.
  14. News: 2018-02-08. Green finance needs a long-term perspective. 2021-05-23. The Daily Star. en.
  15. Web site: Incepta Pharmaceuticals A leading pharmaceutical company in Bangladesh. 2021-05-23. www.inceptapharma.com.
  16. Web site: Impress Newtex Composite Textiles Ltd. 2021-05-23. www.impress-newtex.com.
  17. Web site: iSoftware Limited » iSoftware Limited, Your trusted IT solutions provider. 2021-05-23. www.isoftware.com.bd.
  18. Web site: Prokriti O Jibon Foundation Home. 2021-05-23. pojf.org.
  19. Web site: Impress Capital Limited. 2021-05-23. www.impresscapital.com.
  20. Web site: Incepta Vaccine. 2021-05-23. www.inceptavaccine.com.
  21. News: 2015-10-02. Tribute album to Alauddin Ali comes out. 2021-05-23. Dhaka Tribune.
  22. Web site: Maheen Label Tex Ltd. 2021-05-23. www.maheenlabel.com.
  23. Web site: .: Welcome To iPort Logistics Ltd. :.. 2021-05-23. www.iportlogistics.com.
  24. Web site: iXPRESS Limited Top Express delivery services Widely known as best courier in Bangladesh. 2021-05-23. www.ixpressbd.com.
  25. Web site: Next Spaces Limited.. 2021-05-23. www.nextspaces.net.
  26. Web site: anandaalomagazine. 2021-05-23. আনন্দ আলো. en-US.
  27. Web site: Home :: 92.8 FM. 2021-05-23. www.radiobhumi.fm.

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