PRAN-RFL Group explained

PRAN-RFL Group
Type:Public
Traded As:DSE

(PRAN) CSE


DSE

(RFL) CSE:

Industry:Consumer goods
Founder:Amjad Khan Chowdhury
Hq Location:Dhaka, Bangladesh
Area Served:Worldwide
Revenue:
(FY 2022)[1] [2]
Operating Income:
(FY 2022)
Net Income:
(FY 2022)
Assets:
(FY 2022)
Equity:
(FY 2022)
Num Employees:10,757 (2022)

PRAN-RFL Group (Bengali: প্রাণ-আরএফএল গ্রুপ) is a Bangladeshi conglomerate,[3] founded in 1981 by Amjad Khan Chowdhury. It is one of the largest conglomerates in Bangladesh,[4] with a presence in more than 145 countries. Pran-RFL Group is headquartered in Dhaka, Bangladesh, and employs over 10,000 people worldwide. The group operates under several subsidiaries, including Pran Foods, RFL Plastics, Pran-RFL Healthcare, and many others.[5]

Pran Foods is the flagship company of the group and RFL is the subsidiary company. Pran-RFL Group has several joint ventures with international companies, such as PepsiCo, Danone, and Nestlé.

History

PRAN (Programme for Rural Advancement Nationally)[6] was established in 1981 by retired Major General Amjad Khan Chowdhury and has become one of the largest food and beverage brands in Bangladesh.[7] [8] PRAN pioneered agribusiness in Bangladesh by providing farmers with guaranteed prices.[9] PRAN Foods, a subsidiary of the PRAN-RFL Group,[10] produces a number of agricultural products under the PRAN banner. PRAN established a subsidiary company in UAE in 2003.[11]

In 2008, the company announced plans to open a production facility in Tripura, India, after the Indian government lifted the ban on direct investment from Bangladesh in 2007.[12] The PRAN group's exports had reached 10 billion taka by 2016, with the biggest markets for the company in India, Saudi Arabia, the UAE, Malaysia, and Oman.[13] The same year the revenue for PRAN exceeded US$500 million.[14] PRAN started exporting potatoes in March 2016.[15]

In April 2016, PRAN started to export cassava and the first shipment, worth US$3 million, was sent to New Zealand.[16] PRAN has 80 thousand direct employees and 200 thousand indirect employees.[17] PRAN exports to over 118 countries.[18]

PRAN started exporting through river route to India from Bangladesh in March 2021.[19]

Businesses

PRAN-RFL Group contains two Groups, called PRAN-Group & RFL-Group.

Businesses operating under these groups contains several registered companies/businesses. Below are some of them-[20]

Registered Business & Sister Concerns of PRAN-RFL Group!PRAN Group!RFL Group!Other sister concerns
Agricultural Marketing Co. LtdRangpur Foundry LimitedProperty Development Limited
Mymensingh Agro LimitedGonga Foundry LimitedAKC (Pvt.) Limited
Banga Bakers LimitedRFL Plastics LimitedAKC Management Limited
Natore Agro LimitedDurable Plastic LimitedLogi-Care Overseas Limited
Natore Dairy LimitedBanga Plastic International LimitedCareer Builders Limited
PRAN Agro LimitedRangpur Metal Industries LimitedBanga Trading House Limited
PRAN Agro farm Business LimitedBanga Building Materials LimitedTasty Treat
PRAN Beverage LimitedTrade Environment LimitedRFL Door
PRAN Confectionery LimitedAllplast Bangladesh Limited
PRAN Dairy LimitedRFL Electronics Limited
PRAN Foods LimitedGetwell Limited[21]
Banga Miller LimitedBangladesh Lift Industries Limited
Banga Agro Processing LimitedRFL Construction Limited
Advance Personal Care LimitedMulti -Line Industries Limited
Chorka Fashions LimitedAccessories World Limited
Chorka Textile LimitedHabiganj Ceramics Limited
Habiganj Agro LimitedHabiganj Glassware Limited
Habiganj Textile LimitedHabiganj Metal Industries Limited
Packmat Industries LimitedRFL Exports Limited
Vision Electronics
Sun Basic Chemicals Limited
Sylvan Technologies LimitedSera Water Tank
Sylvan Poultry LimitedShine Tiles
PRAN Exports LimitedCLICK Light
Duranta Bicycle
Bizli Cables
Rainbow Paints
Saudi Lubricants

Awards

Factories

Notes and References

  1. Web site: Annual Results 2022. WSJ. 11 March 2023.
  2. Web site: Annual Results 2022. WSJ. 11 March 2023.
  3. Web site: Khaled . Kowsher Jahan . 2008-01-24 . Pran to build first foreign plant in India . 2023-03-10 . The Daily Star . en.
  4. Web site: Chakma . Jagaran . 2023-01-16 . Pran-RFL to invest $22.5m in four sectors . 2023-03-10 . The Daily Star . en.
  5. Web site: 2017-04-16 . Global Footprint . 2023-03-10 . PRAN Foods Ltd . en.
  6. News: First Bangladeshi food processing unit in India . 4 June 2015 . Business Standard . India . 31 March 2017.
  7. News: Amjad Khan's death anniv observed . Prothom Alo . 31 March 2017 . https://web.archive.org/web/20170205075202/http://en.prothom-alo.com/corporate/news/111259/Amjad-Khan%E2%80%99s-death-anniv-observed . 5 February 2017 . dead.
  8. News: Bangladeshi agro-processed food has good prospect abroad . Bilkis . Shahana . 12 March 2014 . Dhaka . The Financial Express.
  9. Book: Sobhan, Rehman . Challenging the Injustice of Poverty: Agendas for Inclusive Development in South Asia . 4 October 2010 . SAGE Publications . 9788132104681 . 111 . en.
  10. News: GDCL to arrange Tk 1b fund for Pran thru Islamic Bond issue . The Daily Observer . 31 March 2017.
  11. News: Basit . Abdul . Pran Foods expects 60% sales growth in 2014 . Khaleej Times . 31 March 2017.
  12. News: 24 January 2008 . Pran to build first foreign plant in India . en . The Daily Star . 31 March 2017.
  13. News: PRAN-RFL fetches over Tk 1,000cr from export . Daily Sun . 31 March 2017 . en.
  14. News: If Shan doesn't get you, PRAN will . Mitra . Sounak . 10 February 2016 . Mint . 1 April 2017.
  15. News: PRAN starts potato export . 11 March 2016 . The Daily Star . 31 March 2017 . en.
  16. News: PRAN to export $3m of cassava to New Zealand . 12 April 2016 . The Daily Star . 31 March 2017 . en.
  17. News: In memory of the man who built Pran . 5 July 2016 . The Daily Star . 31 March 2017 . en.
  18. News: PRAN aims at poverty cut, employs over 10 lakh workers . Daily Sun . 1 April 2017 . en.
  19. News: Pran-RFL commences food export to India thru river route . 20 March 2021 . New Age . en.
  20. Web site: All Brand RFL Group . 14 September 2022 . rflbd.com.
  21. Web site: Get Well Feel Safe & Sound . 14 September 2022 . en-US.
  22. News: 10 December 2020 . 4 PRAN-RFL companies receive top VAT payer award . 9 July 2021 . The Daily Star . en.
  23. News: bn:সেরা ভ্যাট দাতার সম্মাননা পেল প্রাণ-আরএফএল এর চার প্রতিষ্ঠান . bn . http://www.bssnews.net/bangla/?p=296006 . Bangladesh Sangbad Sangstha . 10 December 2020.
  24. News: PRAN-RFL's four companies receive top VAT payer award . 9 July 2021 . UNB . en.
  25. News: Two companies of PRAN-RFL receive top VAT Payer award . 9 July 2021 . UNB . en.
  26. News: PRAN-RFL's 10 companies get productivity award . 25 May 2021 . jagonews24.com . en-US.
  27. News: 4 companies of PRAN-RFL get productivity award . 9 July 2021 . UNB . en.
  28. News: 15 February 2021 . 10 Pran-RFL companies get productivity award . 9 July 2021 . The Business Standard . en.
  29. News: PRAN-RFL Group bags 'Best Employer Brand Award' . en-US . UNB . 9 July 2021.
  30. News: PRAN-RFL bags five national export trophies . 9 July 2021 . UNB . en.
  31. News: PRAN-RFL Group bags five national export trophies . 9 July 2021 . bdnews24.com.
  32. News: 1 September 2019 . PRAN-RFL wins 5 export trophies . 9 July 2021 . banglanews24.com . bn.
  33. News: 2 January 2017 . Pran gets export trophies for 13th year . 9 July 2021 . The Daily Star . en.
  34. News: RFL receives National Export Gold trophy . en . The Financial Express . Dhaka . 9 July 2021.