KDS Group explained

KDS Group
Type:Private company
Industry:Conglomerate
Founder:Khalilur Rahman
Hq Location:255 Nasirabad I/A Baizid Bostami Road
Hq Location City:Chittagong
Hq Location Country:Bangladesh
Key People:Khalilur Rahman (Chairman)
Products:Garments, textile, trims and packaging, steel, logistic and shipping
Revenue:US$150 million (2012)
Num Employees:25000
Website:http://www.kdsgroup.net/

KDS Group is a business and industrial conglomerates of Bangladesh, which is based in Chittagong[1] but with extensive operations in Dhaka as well.[2] It has also established offices and agencies in India, Hong Kong and is currently expanding into Europe and North America.[3]

History

The group was founded in 1983, through the establishment of one of the first garments industries of Bangladesh.[4] The founder of the group was Khalilur Rahman.

KDS Textiles was established in 2000. The same year, KDS Steel established KYCR Coil Industries Limited. In 2001, the Cold Rolling Mills Complex was established by KDS group.[5]

In March 2009, KDS Logistics began operations of its Inland Container Depot near Chittagong Port.[6] The group had invested three billion BDT to establish the depot. The Group was awarded the national export trophy in 2010 by Prime Minister Sheikh Hasina.[7]

KDS Accessories established a new factory in Gazipur District in September 2016.[8]

In February 2017, Khalilur Rahman, chairman of KDS Group, was elected chairman of AIBL Capital Market Services Limited, a subsidiary of Al-Arafah Islami Bank.[9] It announced plans to invest 10 million USD in the Bangabandhu Hi-Tech City.[10]

The Department of Environment implicated KDS Textile Mills Limited of polluting Halda River in a report of the agency.[11] In November 2019, KDS Accessories approved 15 per cent dividend for stock holders.[12]

In August, the managing director of the group, Salim Rahman, was made the chairman of Al-Arafah Islami Bank.[13]

KDS Accessories Limited profit increased 6 per cent in 2022 from 2021.[14] The rising cost of raw materials had reduced the bottom line for the company.[15]

Businesses

Notes and References

  1. Web site: Khan . Jasim Uddin . 2008-03-06 . New pvt inland container depots in Chittagong . 2023-01-25 . The Daily Star . en.
  2. News: Tk 300cr logistics yard set for launch. 2009-03-16. The Daily Star. 2018-08-26. en.
  3. News: KDS group to set up Tk 1400cr HR coil, sugar refinery plants . New Age . Dhaka . https://web.archive.org/web/20051222044818/http://www.newagebd.com/2005/apr/08/busi.html . 22 December 2005.
  4. Web site: KDS . 2023-01-25 . www.kdsgroup.net.
  5. Web site: Corrugated sheets shine . 2023-01-25 . archive.thedailystar.net.
  6. Web site: 2009-03-21 . Tk 300cr private ICD starts operation in Chittagong today . 2023-01-25 . The Daily Star . en.
  7. Web site: Prime Minister Sheikh Hasina presents the national export trophy to KDS Group Chairman Khalilur Rahman at Osmani Memorial Auditorium in Dhaka yesterday . 2023-01-25 . archive.thedailystar.net.
  8. Web site: 2016-09-28 . KDS Accessories eyes Tk 100cr from new unit . 2023-01-25 . The Daily Star . en.
  9. Web site: 2017-02-28 . Khalilur Rahman elected chairman of AIBL Capital Market . 2023-01-25 . The Daily Star . en.
  10. Web site: 2018-09-26 . Nine firms get land at Bangabandhu Hi-Tech City . 2023-01-25 . The Daily Star . en.
  11. Web site: Yousuf . Mostafa . 2019-03-22 . Big industries killing Halda . 2023-01-25 . The Daily Star . en.
  12. Web site: Staff Correspondent . Ctg . 2019-11-08 . KDS Accessories approves 15pc dividends . 2023-01-25 . The Daily Star . en.
  13. Web site: 2021-08-11 . Al-Arafah bank gets new chairman, vice-chairman . 2023-01-25 . The Daily Star . en.
  14. Web site: 2022-10-04 . KDS Accessories' profit up 6pc . 2023-01-25 . The Daily Star . en.
  15. Web site: 2022-10-02 . Raw material price hike eats into KDS Accessories profits . 2023-01-25 . The Business Standard . en.

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