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Confidence Group

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Confidence Group
Company typePrivate (except Cement)
IndustryConstruction, Manufacturing Engineering
Founded1991; 33 years ago (1991)
Headquarters
Dhaka
,
Bangladesh
RevenueUS$ 100 million
BDT 7.5 billion
In fiscal year 2010-2011
Websiteconfidencegroup.com.bd

Confidence Group of Companies Limited (also referred to as Confidence Group) is a Bangladeshi company, involved in manufacturing mid-tech manufacturing engineering products.[1][2] The conglomerate commenced its operation in 1991 with cement manufacture, and is involved with power generation and the manufacture of Spun Pre-stressed Concrete (SPC) poles.[3] As of 2017, the conglomerate claims to consist of 8 operational business entities.[4]

Rezaul Karim is the Chairman of Confidence Group.[5] Imran Karim is the vice-chairman of Confidence Group.[6]

History

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Confidence Group was established in 1991 with the founding of Confidence Cement Limited by Kazi Shahidul Islam, Khurshid Anwar, Rezaul Karim, and Rupam Kishore Barua.[7] Confidence Cement is listed on the Dhaka Stock Exchange.[8]

Confidence Group established Confidence Power in 2000.[7]

In 2002, Confidence Group established a partnership with Asian Paints to form Asian Paints Bangladesh Limited (APBL).[9][10]

Confidence Group signed an agreement with Bangladesh Power Development Board in 2011 to build an oil based powerplant in Chittagong in partnership with Rurelec PLC Limited and Energypac Power Generation Limited.[11]

During the COVID-19 pandemic in Bangladesh, Bangladesh Independent Power Producers Association and Confidence Group distributed 2000 protective clothing to Bangladesh Police, Bangabandhu Sheikh Mujib Medical University, Kuwait Bangladesh Friendship Government Hospital, and Bangladesh Fire Service and Civil Defence.[12] It donated 2 million BDT worth of testing kits in partnership with Shakib Al Hasan Foundation.[13] Confidence Group received permission to build a 660 MW natural gas powerplant in Chittagong.[14] Confidence Infrastructure Limited established a geotextile plant in Narayanganj District in June 2022.[5] Former chairman of Confidence Group, Shamsul Alam, died in December 2022 from cancer.[15]

In February 2023, Confidence Group signed a banking agreement with BRAC Bank Limited.[16] Confidence Cement issued preference share worth 1.5 billion BDT.[17]

Subsidiaries

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  • Confidence Cement Limited[18]
  • Confidence Ready Mix[19]
  • Confidence Infrastructure Limited[20]
  • Confidence Steel Export Limited[21]
  • Kirtonkhola Tower Bangladesh Limited[22]
  • Confidence Batteries Limited[23]
  • Digicon Telecommunication Limited[24]
  • MIME[25]
  • Confidence Power Holdings Limited[26]
  • Confidence Power Bogura Limited[26]
  • Confidence Power Bogura Unit 2 Limited[26]
  • Confidence Power Rangpur Limited[26]
  • Zodiac Power Chittagong Limited[26]
  • Confidence Oil And Shipping Limited[27]
  • Asian Paints Bangladesh Limited[28]

References

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  1. ^ "Local cement companies thriving over multinationals". Dhaka Tribune. No. Business. Kazi Anis Ahmed. 2A Media Limited. 11 November 2018. Retrieved 13 November 2018.
  2. ^ "Newsweek highlights achievements of Bangladesh". The Daily Star. 2022-07-24. Retrieved 2023-05-07.
  3. ^ Nessa, Jebun (2016). "Employee satisfaction and its relationship with employee turnover rate at Confidence Group".
  4. ^ "Construction solution provider Axis begins operation". Dhaka Tribune. November 19, 2017. Retrieved November 27, 2017.
  5. ^ a b "Confidence Infrastructure inaugurates new geotextiles plant in Narayanganj". Prothom Alo. 4 June 2022. Retrieved 2023-05-07.
  6. ^ "Brac Bank signs Employee Banking agreement with Confidence Group". The Business Standard. 2023-02-13. Retrieved 2023-05-07.
  7. ^ a b "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  8. ^ "Confidence Cement to issue preference shares worth Tk150cr". The Business Standard. 2023-02-19. Retrieved 2023-05-07.
  9. ^ "APBL". Archived from the original on 2012-06-15. Retrieved 2012-07-08. The official website of Asian Paints International.
  10. ^ "About Asian Paints - Residential & Commercial Painting Services". www.asianpaints.com.bd. Retrieved 2023-05-07.
  11. ^ "PDB signs deals for three power plants". The Daily Star. 2011-08-26. Retrieved 2023-05-07.
  12. ^ "Confidence Group, BIPPA distribute 4000 PPE to police and medical staff". The Daily Star. 2020-03-23. Retrieved 2023-05-07.
  13. ^ "Shakib's foundation with Confidence Group to donate Tk20lakh to combat Covid-19". The Business Standard. 2020-04-04. Retrieved 2023-05-07.
  14. ^ "Confidence group gets govt nod for 660MW power plant". New Age. Retrieved 2023-05-07.
  15. ^ "Shamsul Alam Bir Uttam passes away". The Daily Star. 2022-12-09. Retrieved 2023-05-07.
  16. ^ "Confidence Group to avail Brac Bank services". The Daily Star. 2023-02-15. Retrieved 2023-05-07.
  17. ^ "Confidence Cement to issue preference shares worth Tk150cr". The Business Standard. 2023-02-19. Retrieved 2023-05-07.
  18. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  19. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  20. ^ "Confidence Infrastructure Ltd". Retrieved 2023-05-07.
  21. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  22. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  23. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  24. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  25. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  26. ^ a b c d e "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  27. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  28. ^ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
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