Karnaphuli Group Explained

Karnaphuli Group
Type:Private
Industry:Conglomerate
Founded:1954
Founder:Hedayat Hossain Chowdhury
Hq Location City:Chittagong
Hq Location Country:Bangladesh
Key People:Hamdan Hossain Chowdhury (Group Director).[1]
Products:Distribution, manufacturing, media, retail, shipping, telecommunications[2]
Revenue:USD 270 million[3]
Num Employees:3238
Num Employees Year:2022

Karnafuli Group is one of the largest Bangladeshi industrial conglomerates.[4] [5] The industries under this conglomerate include port, shipping and logistics, media, health care, real estate, automobiles, finance, insurance etc.[6] The Managing Director of the group is Saber Hossain Chowdhury, an Awami League member of parliament and son of Hedayet Hossain Chowdhury[7] who is also a director of HRC Group, another Bangladeshi conglomerate.[8]

History

Karnafuli Group was established in 1954 by Hedayet Hossain Chowdhury.[9] The group is named after the Karnaphuli River. Hedayet Hossain Chowdhury's grandson, Hamdan Hossain Chowdhury, is a director of the group.[10]

In 2014, the group signed an agreement to distribute and service Haojue motorcycles of China in Bangladesh.[11] Karnaphuli Group, Metro Group, and Partex Star Group (Partex Group) founded Sky Telecommunication which launched Zelta mobiles in 2015.[12]

Karnaphuli Group is the only Bangladeshi group involved container shipping and owns 65 vessels.[13] It operates Chittagong to Colombo and Chittagong to Singapore and Port Klang line.[14] [15]

In 2016, the group's partner Hanjin Shipping Lines, a South Korean company, declared bankruptcy in Bangladesh.[16]

List of companies

Shipping and logistics

Media

Healthcare

Real estate

Financials

Telecommunication

Trading

See also

Notes and References

  1. News: Extremely proud to carry Bangladeshi flag across seas: Karnaphuli Group director. 2022-01-25. The Daily Star. 2020-02-06.
  2. Web site: Areas of Activities. Karnaphuli.
  3. Web site: Mission and Vision. Karnaphuli.
  4. News: HR Lines to buy four new ships from Chinese builder. 2021-11-12. The Daily Star. 2022-02-06.
  5. News: 2021-04-04. New feeder vessels of Karnaphuli Group to cut transhipment time. 2022-02-07. The Business Standard. en.
  6. News: HR Lines to buy four new ships from Chinese builder. 2021-11-12. The Daily Star. 2022-02-06.
  7. Web site: Management-Karnaphuli.com. 2022-02-07. Karnaphuli.
  8. News: Saber Hossain’s father passes away. 2022-02-07. Risingbd.com. en.
  9. Web site: About-Karnaphuli.com. 2022-02-07. Karnaphuli.
  10. News: 2020-11-01. Karnaphuli Group’s shipping business flourishes even in third generation. 2022-02-07. The Business Standard. en.
  11. News: 2014-07-08. New bikes on the road. 2022-02-07. The Daily Star. en.
  12. News: 2015-09-21 . Zelta mobiles hit market . 2022-05-15 . The Daily Star . en.
  13. News: Barua. Dwaipayan. 2021-03-17. Karnaphuli to expand fleet of container vessels. 2022-02-07. The Daily Star. en.
  14. News: Barua. Dwaipayan. 2021-11-12. HR Lines to buy four new ships from Chinese builder. 2022-02-07. The Daily Star. en.
  15. News: 2022-01-25. Extremely proud to carry Bangladeshi flag across seas: Karnaphuli Group director. 2022-02-07. The Business Standard. en.
  16. News: Barua. Dwaipayan. 2018-02-07. CPA selling off Hanjin's containers 'for arrears'. 2022-02-07. The Daily Star. en.
  17. Web site: HR lines HR lines limited. 2022-02-07. hrlinesbd.com.
  18. Web site: Media and Publishing-Karnaphuli.com. 2022-02-07. Karnaphuli.
  19. Web site: Health Care-Karnaphuli.com. 2022-02-07. Karnaphuli.
  20. Web site: Real Estate-Karnaphuli.com. 2022-02-07. Karnaphuli.
  21. News: Islam. Shariful. Alam. Helemul. 2012-05-18. Taxi relief on Dhaka roads not in sight. 2022-02-07. The Daily Star. en.

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