Sheltech Explained

Sheltech (Pvt.) Ltd. is a real estate company based in Dhaka, Bangladesh, which was founded in 1988. It is a multi-disciplinary firm engaged in various activities, including real estate development, consultancy. It has three chains of boutique hotels named Platinum Suites, Platinum Residence^[1] and Platinum Grand.^[2] It has constructed over 3700 apartments in Dhaka.^[3]

History

Sheltech was founded in 1988 by Tapan Chowdhury, Samuel Chowdhury, Kutubuddin Ahmed, and Taufiq M Seraj who started the company.^[4] The Chowdhury brothers sold their shares in 2008 as they wanted to focus on their family business, Square Group.^[5]

In May 2015, the chairman and managing director of Sheltech were designated as commercially important persons by the government of Bangladesh.^[6]

In January, Sheltech completed construction of Sheltech Bithika, the largest real estate project of the company with 184 apartments and 12 commercial spaces in Mirpur Thana, Dhaka.^[7] The managing director of Toufiq M Seraj died on a flight of Qatar Airlines flying from Dhaka to Doha on 21 June 2019.^[8] Tanvir Ahmed was appointed the new managing director of Sheltech in August.^[9] Sk Bashir Ahmed was appointed vice-chairman of the Group in October.^[10]

Chairman of Sheltech Group, Kutubuddin Ahmed, is also the chairman of Envoy Group.^[11]

In March 2022, Sheltech Brokerage Limited signed an agreement with United Arab Emirates based ZagTrader PLC to improve its IT infrastructure.^[12]

Subsidiaries

• Sheltech Holdings Limited
• Sheltech Engineering Limited
• Sheltech Protection Services Limited
• Sheltech Brokerage Limited^[13]
• Sheltech Technology Limited
• Sheltech Ceramics Limited
• Sheltech Consultants (Private) Limited
• Bengal Meat
• Sreemangal Tea Estate Limited
• Sheltech Property Management Limited
• Sheltech Express Limited
• Grind Tech Limited
• Sheltech Homes Limited
• Envoy-Sheltech Aviation Limited (partnership with Envoy Group)

See also

• List of real estate companies of Bangladesh
• Platinum Suites

External links

• Official website of Sheltech (Pvt.) Ltd.
• Official website of Platinum Suites Ltd.

Notes and References

1. Web site: Platinum Residence. LTD.. DIGITA iNTERACTIVE. sheltechholdingsltd.com. 2016-09-08.
2. Web site: Platinum Grand. LTD.. DIGITA iNTERACTIVE. sheltechholdingsltd.com. 2016-09-08.
3. Web site: About Us Best Real Estate Bangladesh . 2023-03-10 . www.sheltech-bd.com.
4. Web site: Chakma . Jagaran . 2020-03-15 . Sheltech thrives on ethical business . 2023-03-10 . The Daily Star . en.
5. Web site: 2008-11-18. Sheltech opens Tk 25cr hotel in Jan. 2021-05-11. The Daily Star. en.
6. Web site: 2015-05-12 . Sheltech's top officials get CIP status . 2023-03-10 . The Daily Star . en.
7. Web site: 2019-01-14 . Sheltech completes largest project of 184 flats . 2023-03-10 . The Daily Star . en.
8. Web site: Staff Correspondent . 2019-06-22 . Sheltech MD dies ‘on plane’ . 2023-03-10 . The Daily Star . en.
9. Web site: 2019-08-29 . New MD for Sheltech Group . 2023-03-10 . The Daily Star . en.
10. Web site: 2019-10-15 . New vice chairman for Sheltech Group . 2023-03-10 . The Daily Star . en.
11. Web site: Report . Star Online . 2019-02-23 . Mother of Sheltech and Envoy Group chairman passes away . 2023-03-10 . The Daily Star . en.
12. Web site: 2022-03-09 . Sheltech Brokerage, ZAGTrader PLC sign deal . 2023-03-10 . The Daily Star . en.
13. Web site: 2014-04-13 . Sheltech Brokerage gets new chief executive, operations head . 2023-03-10 . The Daily Star . en.