Deshbandhu Group
Bangladeshi multinational conglomerates From Wikipedia, the free encyclopedia
Deshbandhu Group (Bengali: দেশবন্ধু গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka.[1][2] Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group.[3][4] It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.[5]
| Formation | 1932 |
|---|---|
| Headquarters | Dhaka, Bangladesh |
Region served | Bangladesh |
Official language | Bengali |
| Revenue | Tk 2,400 crore US$290 million (2020) |
| Website | www |
History
Summarize
Perspective
Deshbandhu Sugar Mills Limited was established in 1932.[6] In the early 1960s, it was the smallest of East Pakistan's eight sugar mills, with a rated production capacity of 2,500 tons annually, and was uneconomic.[7]
In 2011, Deshbandhu sought approval from the government of Bangladesh to establish a sugar mill in Thailand or Brazil but was denied permission from Bangladesh Bank.[8]
Sahera Auto Rice Mills Limited started operations on 15 March 2012.[9]
Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015.[10]
The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District.[11] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019.[12] The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017.[13]
Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October 2018.[14]
On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters.[3][15] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group.[16]
Businesses
- Deshbandhu Sugar Mills Limited[6]
- Deshbandhu Food & Beverage Limited[17]
- Deshbandhu Consumer and Agro Products Limited[18]
- Sahera Auto Rice Mills Limited[19]
- Deshbandhu Oil Refinery Limited[20]
- Deshbandhu Polymer Limited[21]
- Deshbandhu Packaging Limited[22]
- Deshbandhu Textile Mills Limited[23]
- Southeast Sweaters Limited[24]
- GM Apparels Limited[25]
- Deshbandhu Cement Mills[26]
- GM Holdings Limited[27]
- Rapa Plaza[28]
- Deshbandhu Parcel and Logistics Limited[29]
- Deshbandhu Shipping Limited[30]
- Deshbandhu Media Limited (Weekly Dudkumar, The Daily Haq Kotha, The Daily Ajkaler Khabar Limited)[31]
- Deshbandhu Power Plant Limited[32]
- TMS Sahera-Wasek Hospital[33]
- Fertilizer Marketing Corporation (FMC)[34]
- M.R. Trading[34]
- Moru Trading Limited[34]
- Commodities Trading Company (CTC)[34]
References
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