Bashundhara Group

Bashundhara Group
Conglomerates
Industry Real Estate Manufacturing
Founded 1987
Headquarters Pushpanjali
Bashundhara Convention Center Road, Dhaka 1229
Bangladesh
Products Cement, Tissue, Media, LPG, Paper, Real Estate, Shopping Mall, Steel
Total assets USD $10.3 Billion
Number of employees
 Over 15000
Slogan For the people, For the country
Website http://www.bashundharagroup.com

Bashundhara Group (Bengali: বসুন্ধরা গ্রুপ) is one of the largest industrial conglomerates of Bangladesh.[1] It began in 1987[2] 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 20 major concerns located throughout Bangladesh.

History

Bashundhara Group (founded by Ahmed Akbar Sobhan) 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. Court orders Bashundhara Group officials to surrender [3] Bashundhara chairman sued for 'fraud'[4]

Enterprises

Bashundhara Group now operates over 20 major concerns:

  1. East West Property Development (Pvt) Ltd
  2. Meghna Cement Mills Ltd
  3. Bashundhara Paper Mills Ltd
  4. Bashundhara LP Gas Ltd
  5. Bashundhara City Development Ltd
  6. Bashundhara Steel Complex Limited
  7. Bashundhara Industrial Complex Ltd
  8. Bashundhara Steel And Engineering Ltd
  9. Bashundhara Logistics Ltd
  10. Bashundhara Foundation
  11. Bashundhara Convention Center
  12. Bashundhara Dredging Co. Ltd
  13. Bashundhara Technical Institute
  14. Bashundhara Food and Beverage industries Ltd
  15. Sundarban Industrial Complex Ltd
  16. Bashundhara Cement Industries LTD
  17. East West Media Group[5]

Meghna Cement Mills Ltd. is a member of the Bangladesh Cement Manufacturers Association.

Bashundhara City

Main article: Bashundhara City

Bashundhara City (Bengali: বসুন্ধরা সিটি) is the largest shopping mall of Bangladesh. Construction of the shopping mall began in 1998; Mohammad Foyes Ullah and Mustapha Khalid Palash of Vistaara designed the building. Opened to the public on 6 August 2004,[6] 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.[7]

Media houses

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, 1 online newspaper and 3 other print media publications. Kaler Kantho and The Daily Bangladesh Pratidin are its Bengali national daily newspapers.[8] The English newspaper is owns named Daily Sun (Bangladesh).;[9] The online newspaper is owns named banglanews24.com <English & Bengali>;[10] The media enterprise is also planning to launch a FM radio and a television channel.

Employment

The group currently employs 8,100 employees. Beside direct employment, they are generating some new employment.

Wealth

The current value of the Bashundhara Group's total assets is about Tk. 15000 million, equivalent to approximately US $300 million. Total turnover of the business amounts to around Tk. 16000 million, equivalent to US $325 million.

See also

References

Sources

External links

This article is issued from Wikipedia - version of the Monday, May 02, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.