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Bashundhara Group

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Bashundhara Group
Native name
বসুন্ধরা গ্রুপ
Company typePrivate
IndustryReal estate, manufacturing
Founded1987; 37 years ago (1987)
FounderAhmed Akbar Sobhan
HeadquartersPushpanjali, Bashundhara Convention Center Road,
Bangladesh
ProductsCement, tissue, media, LPG, paper, real estate, shopping mall, steel, food & beverage, shipping
OwnerAhmed Akbar Sobhan & family
Number of employees
100,000+
Websitewww.bashundharagroup.com

Bashundhara Group[1] (Template:Lang-bn) is a Bangladeshi conglomerate.[2] It is one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987[3] as a real estate company venture under the name East West Property Development Ltd (EWPD). The first project of EWPD turned out to be very successful. After then, the company grew very quickly. It presently owns more than 50 major concerns located throughout Bangladesh.

History

Bashundhara Group (Ahmed Akbar Sobhan, is the founder and chairman of Bashundhara Group.[4]) began in 1987 as real estate venture. After its first successful project, 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. On 4 February 2014, The Bangladesh Supreme Court ordered Bashundhara Group officials to surrender before it on a tax evasion case filed by the caretaker government.[5] On 19 December 2011, Sobhan was sued for 'fraud' by Mohammad Shahjahan over the price of land in Bashundhara.[6] Bashundhara received permission from Bangladesh Economic Zones Authority to set up two specialized economic zones in Keraniganj, Dhaka, Bangladesh.[7] In 2020, Bashundhara invested $143.7 million to build the largest bitumen plant in Bangladesh. This factory was intended to aid the country in becoming self-sufficient in bitumen production.[8] In 2022, Bashundhara invested $546 million into creating Bangladesh's first gold refinery on 470 acres of land near the Dhaka-Purbachal highway [9]

Enterprises

Bashundhara Group now operates over 50 concerns:

  1. East West Property Development (Pvt) Limited[10]
  2. Meghna Cement Mills Limited[11]
  3. Bashundhara Shipping Lines Limited[12]
  4. Bashundhara Shipping Limited
  5. Bashundhara Logistics Limited[13]
  6. Bashundhara Horticulture Limited[12]
  7. Bashundhara Chemical Industries Limited[12]
  8. Bashundhara Trading Company Limited[12]
  9. Bashundhara International Trade Center Limited[12]
  10. Bashundhara Multi Trading Limited
  11. Bashundhara General Trading LLC Dubai
  12. Bashundhara Employment Services
  13. Bashundhara Electricity Limited[12]
  14. Bashundhara Infrastructure Development Limited[12]
  15. Bashundhara Import Export Limited[12]
  16. Bashundhara Agricultural Products Limited[12]
  17. Bashundhara Multi Agricultural Company Limited[12]
  18. Bashundhara Multi Paper Industries Limited[12]
  19. Bashundhara Amusement Park Limited[12]
  20. Bashundhara Oil and Gas Company Limited[12]
  21. Bashundhara Multipurpose Port Limited[12]
  22. Bashundhara Textile Mills Limited[12]
  23. Bashundhara Airways Limited[12]
  24. Bashundhara Multi Food Products Limited[12]
  25. Bashundhara Technologies Limited[12]
  26. Bashundhara Paper Mills Limited[14]
  27. Bashundhara Fine Paper Limited[15]
  28. Bashundhara Pulp & Board Mills Limited[15]
  29. Bashundhara LP Gas Limited[16]
  30. Bashundhara City Development Limited[17]
  31. Bashundhara Steel Complex Limited[18]
  32. Bashundhara Industrial Complex Limited[19]
  33. Bashundhara Steel And Engineering Limited[20]
  34. Bashundhara Multi Steel Industries[21]
  35. Bashundhara Foundation[22]
  36. Bashundhara Convention Center[23]
  37. Bashundhara Dredging Company Limited[24]
  38. Bashundhara Technical Institute[25]
  39. Bashundhara Telecommunications Network Limited[26]
  40. Bashundhara Food and Beverage Industries Limited[27]
  41. Sundarban Industrial Complex Limited[28]
  42. Bashundhara Cement Industries Limited[29]
  43. Bashundhara Pre-Fabricated Building Manufacturing Industries[21]
  44. Dhaka Multi Agricultural Complex Limited
  45. Sea Real Estate Developers Limited
  46. East West Media Group[30]
  47. Bashundhara Kings
  48. Rangpur Riders
  49. Kebab Turki Baba Rafi (Bangladesh)
  50. Toggi Services Limited[31]
  51. T Sports
  52. Bir Cement Limited[32]

Bashundhara City

Main article: Bashundhara City

Bashundhara City (Template:Lang-bn) is the second-largest shopping mall of Bangladesh. Construction of the shopping mall began in 1998; Mohammad Foyes Ullah and Mustapha Khalid Palash of Vistara designed the building. Opened to the public on 6 August 2004,[33] the mall is located at Panthapath, near Karwan Bazar, in Dhaka city and cost over $100 million to complete. Bashundhara City is 21 stories tall, of which 8 are used for the mall, which houses hundreds of Bangladeshi fashion houses and jewelry shops, as well as around 100 food outlets which sell foods like French fries, burgers, fried chicken, etc.[34]

Despite going through literal fire twice since its existence, this second-largest shopping mall of Bangladesh stands high at the heart of the city. The first incident took place in 13th March 2009 where 7 people were perished and 20 others were injured. However, the second incident in 2016 did not have any casualties.[35]

Bashundhara Residential Area

Main article: Bashundhara Residential Area

Media house

Bashundhara Group is expanding its business in various sectors started from real estate sector to steel industry. In 2009, they started a new enterprise, East West Media Group Ltd. It now owns four big media houses of Bangladesh; namely, two television channel, one FM radio station, one online newspaper and three other print media publications. Kaler Kantho and The Daily Bangladesh Pratidin are its Bengali national daily newspapers.[36] The English newspaper is owns named Daily Sun.;[37] The online newspaper is owns named banglanews24.com (Bengali, English);.[38] News24, T-Sports is the Television channel of EWMG whereas Radio Capital is its only FM radio station.

See also

References

  1. ^ "Stay alert to check militancy". The Daily Star. UNB. 2016-08-09. Retrieved 2016-08-11.
  2. ^ "Bashundhara Group is one of the largest and leading companies in all of Bangladesh". Archived from the original on 2012-04-20. Retrieved 2012-03-04.
  3. ^ "Bashundhara Official Profile". Archived from the original on 2012-03-17. Retrieved 2012-03-04.
  4. ^ "Supreme Court orders Bashundhara Group chief to surrender in tax evasion case". bashundharagroup.com. Retrieved 2016-08-11.
  5. ^ "Court orders Bashundhara Group officials to surrender". The Daily Star. Retrieved 2016-04-20.
  6. ^ "Bashundhara chairman sued for 'fraud'". The Daily Star. Retrieved 2016-04-20.
  7. ^ "Bashundhara to build two economic zones". The Daily Star. 2016-07-27. Retrieved 2016-08-11.
  8. ^ "Bashundhara builds Bangladesh's biggest bitumen plant". The Daily Star. 2020-02-23. Retrieved 2020-07-02.
  9. ^ "Involve private banks in Bashundhara Gold Refinery project: BB instructs banks". The Business Standard. February 10, 2022.
  10. ^ "Bashundhara chairman sued for 'fraud'". The Daily Star. 2011-12-18. Retrieved 2016-08-11.
  11. ^ "Chinese national among two dead after 'inhaling poisonous gas' in abandoned barge in Mongla". bdnews24.com. Retrieved 2016-08-11.
  12. ^ a b c d e f g h i j k l m n o p q r "Directors Profile | Meghna Cement Limited". www.meghnacement.com. Retrieved 2019-11-13.
  13. ^ "Bashundhara Logistics Ltd". www.bashundharagroup.com. Archived from the original on 2016-08-14. Retrieved 2016-08-11.
  14. ^ "DoE fines three factories of Bashundhara, Ha-Meem groups". bdnews24.com. Retrieved 2016-08-11.
  15. ^ a b MarketScreener. "Ahmed Akbar Sobhan - Biography". www.marketscreener.com. Retrieved 2019-11-15.
  16. ^ "LPG price hike: Traders take advantage of Ramadan". Dhaka Tribune. Archived from the original on 2016-08-29. Retrieved 2016-08-11.
  17. ^ "Scared shoppers send sales plummeting". Prothom Alo. Archived from the original on 2016-08-07. Retrieved 2016-08-11.
  18. ^ Yohan. "Bashundhara Steel Complex Limited - Bashundhara Steel Complex Limited". www.bashundharasteel.com. Retrieved 2016-08-11.
  19. ^ "Akbar, sons, wife get 8 years for tax evasion". The Daily Star. 2007-09-30. Retrieved 2016-08-11.
  20. ^ root. "Bashundhara Steel and Engineering Limited". www.bashundharagroup.com. Retrieved 2016-08-11.
  21. ^ a b "Bashundhara Group to fork out Tk 4,350cr to set up three factories at BSMSN". The Daily Star. 2020-08-18. Retrieved 2020-08-18.
  22. ^ "Bashundhara Foundation". www.bashundharafoundation.com. Retrieved 2016-08-11.
  23. ^ "Ex-NSU student 'missing' from Ctg, rescued in Dhaka". The Daily Star. 2016-08-04. Retrieved 2016-08-11.
  24. ^ "Bashundhara gets economic zone licences". The Daily Star. 2016-07-28. Retrieved 2016-08-11.
  25. ^ "Home - Bashundhara Technical Institute". Bashundhara Technical Institute. Retrieved 2016-08-11.
  26. ^ "Why Bashundhara Group chief's son acquitted of Sabbir murder charge: HC". bdnews24.com. Retrieved 2016-08-11.
  27. ^ "Big firms to go for rice milling". The Daily Star. 2015-01-21. Retrieved 2016-08-11.
  28. ^ "Sundarban Industrial Complex Ltd". www.bashundharagroup.com. Retrieved 2016-08-11.
  29. ^ "SLAG base cement – new horizon for sustainable & durable construction". The Daily Star. Retrieved 2016-08-11.
  30. ^ "Bashundhara now has over 20 major concerns". Archived from the original on 2015-01-09. Retrieved 2015-01-01.
  31. ^ "Toggi Services Limited". Toggi Services Limited. Retrieved 2022-08-20.
  32. ^ "Bashundhara Group launches 'Bir Cement'". Retrieved 2021-12-11.
  33. ^ "Bashundhara Group is one of the largest and leading companies in all of Bangladesh". The Daily Star.
  34. ^ "Shopping at Bashundhara City". Bangladesh.com.
  35. ^ Report, Star Online (2016-08-21). "Fire again at Bashundhara City mall". The Daily Star. Retrieved 2023-08-30.
  36. ^ "Bangladesh Pratidin || Highest Circulated Newspaper". Bd-pratidin.com. Retrieved 2022-04-19.
  37. ^ daily sun. "Daily Sun". Daily Sun. Retrieved 2022-04-19.
  38. ^ Banglanews24. "bangla news and entertainment 24x7". banglanews24.com. Retrieved 2022-04-19.{{cite web}}: CS1 maint: numeric names: authors list (link)

Sources

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