Obaidul Karim

Obaidul Karim is a Bangladeshi businessman and one of the most successful and richest business man in history since the beginning of Orion

Orion Group

As founder Chairman of Orion Group (BD), Karim oversees an organization of over 18,000 employees in 2012,[1] and heads the Orion Group’s diversified operations in pharma & healthcare, power & energy, infrastructure development, construction & allied, cosmetics & toiletries, textile & garments, agro industries and other sectors. Orion’s domestic and international diversified scopes make a significant contribution to the national economy and infrastructure development of Bangladesh and hence Karim is a figure of national significance.[2]

Founder

The Orion Group was founded by Obaidul Karim[2] during 1985 when he started with Orion Laboratories Ltd. The Group’s early growth was driven organically through operations in pharmaceuticals & LVPs and toiletries & cosmetics. In 1993 Orion acquired the then ailing Kohinoor Chemical Co Ltd,[3] manufacturer of the major line of ‘Tibet’ brand toiletries and beauty care products. Orion has been a producer in the Pharmaceuticals, Cosmetics and Toiletries sectors since 1985 in Bangladesh. More recently, Orion has been focused on Infrastructure Development and Power Generation businesses through major investments and joint ventures. One contribution in the country is the implementation of a 10 km elevated expressway (flyover) in Dhaka.

Businesses

The Orion Group divides their operations into number of Strategic Business Units with multiple subsidiary companies in Agro Products, Cosmetic & Toiletries,[3] Construction and Allied, Energy Sector, Hospitality Management, Infrastructure Development, Pharma & healthcare, Power Generation, Real Estate, Sports & Events and Textiles & Garments.

Power operations

In December 2011, the Bangladesh Power Development Board announced the signing of three agreements with Orion Group Bangladesh for setting up coal-fired power plants with total capacity of 1,200 megawatt.[4] Orion will build two plants in Khulna and Chittagong with the capacity of 282.67 MW each and one in Munshiganj of 522MW capacity as part of a $1.7 Billion.[5] All three plants will use imported coal to generate electricity. Orion’s current HFO fuelled power generation projects of 300MW in the country contribute significantly in mitigating acute power crisis in the country.

Infrastructure

Orion Group’s subsidiary companies are completing the Mayor Mohammad Hanif flyover in Dhaka.[6] The dual carriageway flyover includes 11 slip roads or ramps (exit and entries) and will stretch from the Dhaka- Chittagong highway to Palashi.[7] The contract is estimated to be completed by the end of 2014.[8]

City Centre

Orion has also developed City Centre, a major skyscraper in the Dhaka and the tallest building in the country. The City Center project is a 39-storied commercial complex cum car parking in the business area of Dhaka city set to be the highest building in Dhaka.[9] The Orion Group’s website states that its main objectives follow the principle of reducing rural poverty and fostering sustainable economic development in the country of Bangladesh.[1]

References

  1. 1 2 "Orion Group Size". Retrieved 5 June 2012.
  2. 1 2 "Worldfolio Article". Retrieved 5 June 2012.
  3. 1 2 "Kohinoor & Orion". Retrieved 5 June 2012.
  4. ↑ "New Bangladesh Article". Retrieved 5 June 2012.
  5. ↑ "Financial Express Article". Retrieved 5 June 2012.
  6. ↑ "Hanif Flyover". Retrieved 5 June 2012.
  7. ↑ "TwentyFourHourNews". Retrieved 5 June 2012.
  8. ↑ "GLocal Article". Retrieved 5 June 2012.
  9. ↑ "City Center Complex". Retrieved 5 June 2012.
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