Bangladesh is densely populated country in the world. Its economy is rapidly moving ahead. Recently World Bank says “Bangladesh has become a lower-middle income country with the Gross National Income per capita”. Bangladeshi private business group of companies are playing an important role in the socio-economic development of the country. They are increasing the annual revenue with an upward trend. Their contribution in the development of the country is huge. These groups are working for the welfare of the country’s people through various corporate social activites.
The list and short details of top 10 group of companies in Bangladesh that are making a difference in the economy are given below:
1.PRAN-RFL Group:PRAN-RFL Group is basically food-products Corporation in Bangladesh. It was founded by Late Amjad Khan Chowdhury. PRAN started in 1981 as a processor of fruits and vegetables in Bangladesh. RFL started its operation into the PVC category in 1996 and the plastic sector in 2015. Now it exports its products to more than hundred countries. It has almost 75,000 employees.
2.ACI Group:It is one of the largest Bangladeshi conglomerates. The company operates through three reportable segments: Pharmaceuticals, Consumer Brands and Agribusiness. It was founded as the part of Imperial Chemical Industries (ICI) in the East Pakistan in 1968. ACI had been integrated in Bangladesh in 1973. Mr. M Anis Ud Dowla is the founder of ACI. It has over 5,000 employees.
3.Navana Group:It is a Bangladeshi industrial conglomerate. It was founded in 1964. Navana Group under the leadership of Mr. Shafiul Islam Kamal as Chairman emerged into a separate physical entity from Islam Group after the death of its Chairman Mr. Jahurul Islam which was then the largest business group in Bangladesh. Navana Group comprises a number of companies, has diversified its activities in various areas like product and project marketing, construction and real estate business, international trading, distributions and production of various items and already attained significance in the business arena of Bangladesh.
4.Abul Khair Group:Abul Khair Group is a one of the largest Bangladeshi industrial conglomerates. It started its journey as a tobacco marketing company back in 1953. With headquarter based in the commercial capital Chittagong, the group has now flourished into a multi-business portfolio of fast moving consumer goods, steel, cement, ceramics, marble, shipping and trading business.
5.Bashundhara Group:It is one of the largest industrial conglomerates of Bangladesh. It was founded by Ahmed Akbar Sobhan. It started in 1987 as a real estate company venture under the name East West Property Development Limited (EWPD). The first project of EWPD turned out to be very successful. After then, the company grew very quickly. Bashundhara invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution. It presently owns more than 20 major concerns located throughout Bangladesh. Now, it has over 15,000 employees.
6.Beximco Group:It is one of the largest and most diversified industrial conglomerates of Bangladesh. It was founded by ASF Rahman. It was founded in 1972. It has almost 50,000 employees. The group's key businesses
include ceramics, pharmaceuticals, textiles, jute, information technology, aviation, media, finance, real estate, construction and energy. The group is listed on the Dhaka Stock Exchange and the Chittagong Stock Exchange, with a market capitalization of over US$ 300 million. Its pharmaceutical division, Beximco Pharma, is listed on the London Stock Exchange. Its chairman and vice-chairman both have a net worth of over US$ 2 Billion.
7.Square Group:It is one of the largest industrial conglomerates of Bangladesh. It was founded in 1958 by Samson H. Chowdhury along with three of his friends as a private firm. It went public in 1991 and is currently listed on the Dhaka Stock Exchange. Square Group is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and it has been continuously in the 1st position among all national and multinational companies since 1985. Square Group is now on its way to becoming a high performance global player. Square becomes more than just an organization, it is an institute. In a career spanning across four and half decades it has pioneered the development of the local business in fields as diverse as Pharmaceuticals, Toiletries, Garments, Textile, Information Technology, Health Products, Food Products, Hospital, etc.
8.City Group:It is one of the largest industrial conglomerates of Bangladesh. City Group was founded by Mr. Fazlur Rahman, a business magnate in the private sector of Bangladesh. It began on 6 February 1972 as a mustard oil company venture under the name City Oil Mills. The first project of City Oil Mills turned out to be very successful. After then, the company grew very quickly. , City Group invested in new fields,including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included consumer goods, foods, steel, printing & packaging, shipping, power and energy, shares and securities, insurance, media, and healthcare It presently owns more than 23 major concerns located throughout Bangladesh. Now City Group stands as one of top ten business houses in Bangladesh.
9.Partex group:It is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc. It started in 1959, by industrialist M A Hashem with tobacco trading. It owns over 40 subsidiaries from tobacco to consumer goods, furniture, textile and the IT sector. It has split into two groups to improve management of its subsidiaries.
10.Ananda Group:It is a Bangladeshi business conglomerate. The first Ananda company was established in 1983 as the Ananda Builders. It was established by Abdullahel Bari Farina. The diverse business areas of the group include ship building, heavy engineering, textiles, real estate and shipping. The most well-known concern under the group is Ananda Shipyard and Shipways Ltd. It is the largest of the private ship yards in Bangladesh.
From above list, we can sum up that to survive in the industry; the groups have to be innovative and launch new products. Otherwise, they can not hold their position in this competitive business.