Shanta Holdings Limited Explained

Shanta Holdings Limited
Type:Privately held company
Industry:Real estate
Founded:2005
Founder:Khondoker Monir Uddin
Hq Location:Shanta Western Tower, 186 Bir Uttam Mir Shawkat Sarak, Level 10, Tejgaon, Dhaka 1208

Shanta Holdings Limited (SHL) is a diversified conglomerate based in Dhaka, Bangladesh.[1] Khondoker Monir Uddin is the managing director of the group.[2]

History

In 1988, Shanta entered the ready-made garment (RMG) sector, becoming one of the pioneers in exporting RMGs with companies such as Shanta Garments Ltd, Shanta Industries Ltd, Shanta Wash Works Ltd, GDS Chemicals Ltd, and Shanta Denims Ltd. In 2010, the group decided to focus on real estate development instead of the RMG sector and the group consequently sold their stake to Dewhirst Group Limited.[3] [4] [5]

In 1997, Shanta Group merged some of their assets with Tropica Group and Sepal Group to form STS Group.[6] STS Group is the owner of Evercare Hospital Dhaka, International School of Dakar, and the DPS STS Schools, Dhaka.

Some of the company's notable projects include the Safura Tower, Shanta Western Tower at Tejgaon,[7] International School Dhaka (ISD) at Bashundhara, and Delhi Public School at Uttara. Shanta Holding was also involved in the construction of Evercare Hospital Dhaka. Shanta is building Shanta Pinnacle, 40 storied, and Shanta Forum Twin Towers.[8] It constructed the building of Amari Hotel Dhaka.[9]

Subsidiaries

Board of directors

!Name!Position!Reference
Khondoker Monir UddinManaging Director
Jasmine SultanaDirector
Saif KhondokerDirector
Mayesha KhondokerDirector

Notes and References

  1. News: 2020-10-24 . We want to add value to the cityscape: Saif Khondoker . 2022-10-17 . The Business Standard . en.
  2. Web site: Board of Directors . 2022-10-31 . Shanta Holdings Ltd..
  3. News: 2020-06-23 . Lack of orders forces Shanta Garments to shut down . 2022-12-05 . The Business Standard . en.
  4. News: 2021-10-09 . Diversification makes them stronger . 2022-12-05 . The Business Standard . en.
  5. News: 2022-08-07 . Shanta Lifestyle launches international interior décor flagship store . 2022-12-05 . The Daily Star . en.
  6. Web site: About STS Group – STS Group . 2022-10-31 . en-US.
  7. Web site: Tarafdar . Asif . 2020-10-15 . Luxe Living At its Best . 2022-10-17 . ICE Today . en-US.
  8. Web site: 2022-08-16 . Welcome to the age of glass facades . 2022-10-17 . The Business Standard . en.
  9. Web site: Completed Property for Sale in Dhaka . 2022-10-31 . Shanta Holdings Ltd..
  10. Web site: Companies . 2022-09-13 . Shanta Holdings Ltd..
  11. News: Best Holdings now wants to raise fund thru IPO book building . 2022-10-17 . New Age . en.