Large corporations, especially conglomerates, have strong economic power over a nation. These private enterprise groups face many economic challenges such as diversifying exports, increasing productivity and expanding industry to create more jobs for the people of Bangladesh. In the 2017/18 fiscal year, Bangladesh recorded its highest ever GDP growth of 7.86%. And this growth has been possible due to the rapid industrial expansion and business opportunities in Bangladesh.
Top 10 largest business groups in Bangladesh
Cross-industry companies are a huge asset for Bangladesh. Not only do you play an important role in our country's economy, but you also represent Bangladesh on the global platform. Here is a list of top ten business groups in Bangladesh.
Founded in 1940 bySheikh Akijuddin, the Akij Group is one of the largest industrial conglomerates in Bangladesh. In 2009, Akij contributed 2% of the country's total budget and became the largest local contributor in Bangladesh. With over 70,000 employers, they serve local and international markets with their quality products.Akij Grouphas experience across multiple industries including Tobacco, Food & Beverage, Cement, Ceramics, Textiles, Pharmaceuticals, Consumer Goods and many more. The Akij Group has 24 major group companies, of which Akij Biri Factory Ltd, Akij Plastics Limited and Akij Cement Company Ltd are among the most reputable in the country.
Bashundhara-Gruppe, started out as a real estate company under the name "East-West Development Company" (EWPD). Bashundhara Group's journey started in 1987 and Ahmed Akbar Sobhan was the founder. After successfully operating the EWPD, Bashundhara started expanding and investing in various other fields including manufacturing and trading industries. They work with over 20 major corporations including East-West Property Development, Bashundhara Cement Industries Limited, East West Media Group, Social Islami Bank Limited, Bashundhara Kings, Rangpur Riders and Bashundhara City Shopping Mall.
3. Beximco Group
Beximco Groupis a diversified industrial conglomerate which is also a reputable multinational corporation in Bangladesh. The Beximco Group was founded in 1970 by two brothers - Ahmed Sohail Faisur Rahman and ASF Rahman. Beximco is one of South Asia's largest vertically integrated textile and apparel companies and the first Bangladeshi company to be listed on the London Stock Exchange. modern textiles,medicine, ceramics and information technology are some of the areas in which the company operates. They have over 60,000 employees and export their products to 103 countries.
The Beximco Group has several sister companies in 8 different segments. Beximco Pharmaceutical Ltd, Beximco Computers Ltd, Beximco Foods Ltd, Beximco Holdings Ltd, Beximco Engineering Ltd, Shinepukur Holdings Ltd, Padma Textile Mills, Beximco Textile Ltd, Beximco Apparels Ltd are some of the prominent companies among them. In addition, BEXIMCO's pharmaceutical company alone exports products to 45 countries.
4. Group S Knows
Group S. Know, another industrial and commercial conglomerate in Bangladesh, was established in 1985 by Mohammed Saiful Alam. Grupo S Alam operates in the following segments: C.I Sheet, Colored Iron Sheet, Cement, Vegetable Oil, C.R Coil, Soybean Seed Extraction, Public Transport, Gas Station, P.P Woven Bags, Agrofarms, Natural Gas, Heavy Oil, Blast Furnace Oil and other power plants, real estate, hotels and resorts, import and trade of commodities, etc. The S Alam Group focuses on specialist investments in large-scale energy projects through joint ventures and independent involvement in structural economic development and much more.
Furthermore, S Alam Soya Seed Extraction Plant Ltd, Alam Vegetable Oil Limited, Alam Super Edible Oil Limited, Alam Refined Sugar Industries Ltd, S Alam Steel Ltd, S Alam Cement Ltd and S Alam Power Plant Ltd are some of the main concerns of the Group S Alam .
5. Group of cities
On the day ofcity groupstarted with City Oil Mills Ltd, a mustard oil company founded in 1972 by Fazlur Rahman. With more than 10,000 employees, its businesses today span consumer products, food, steel, printing and packaging, transportation, power and energy, stocks and securities, insurance, media and healthcare. City Group has 40 subsidiary companies under its umbrella, including City Oils Mils, CSI Power and Energy Ltd, City Fiber Ltd, City Sugar Industry Limited, Somoy Media Limited and City Re-rolling Mills Limited.
Initially,Waltonstarted its journey as a local business conglomerate under the name of R.B. Group, founded in 1977 by SM Nazrul Islam. After his death, Walton became a company owned by five brothers. They started in 2000 under the name "Walton" with the production and marketing of electrical products, electronics, automobiles, smartphones and other devices. Thus was born the Walton Group. The Walton Group has one of the largest well-resourced R&D facilities in the world. With more than 20,000 employees, the company has 22 factories on over 680 acres of land.
It has established itself as the biggest tech giant in Bangladesh, as Walton now owns 66% of the refrigerator market, 50% of the television market and 33% of the air conditioning market. The Walton Group has 8 sister companies including Walton Hi-Tech Industries Limited, Walton Micro-Tech Corporation, Walton Digi-Tech Industries Limited and Walton Motors. This company is now valued at $4.5 billion and has annual sales of around $1 billion.
7. Abul Khair Group
Abul Khair Groupis one of the first multi-billion dollar companies in Bangladesh, founded in 1953 by Abul Khair in Chattagram. Their first business was tobacco production, but now they sell different types of products like iron sheets, deformed bars, cement, cigarettes, condensed milk, powdered milk and so on. Around 45,000 employees work with him in companies around the world. Abul Khair Group has many subsidiary companies. Among them, the most famous ones are Abul Khair Steel Mills Ltd, Abul Khair Tobacco Ltd, Abul Khair Condensed Milk Ltd, Abul Khair Industries Ltd and Abul Khair Sheets Ltd.
8. Pran RFL Group
Pran RFL Group, one of the largest food producers in Bangladesh, was founded by retired Major General Amzad Khan and has been in business since 1981. Judging by the name, the company falls into two categories: “PRAN” and “RFL.” Pran today works with food and beverages that are exported to over 138 countries around the world. 80,000 direct employers and 200,000 indirect employees manage the company's activities. RFL started its journey in 1980 by manufacturing cast iron (CI) products and has become one of the PVC manufacturing bases in Asia.
Companies such as Pran Foods Ltd, Rangpur Foundry Ltd, RFL Pipe and Fittings and Regal Furniture are subsidiaries of the Pran-RFL Group. The organization works mainly with food, agro, agricultural equipment, kitchen equipment, construction materials, light engineering, PVC connections and industrial items.
9. Meghna Group
Meghna Industrial Group(MGI), founded by Mostofa Kamal, dates back to 1976 when it was formerly known as Kamal Trading Company. Mostofa Kamal started importing some raw materials on a limited scale and later founded Meghna Vegetable Oil Industries Ltd in 1989. Since then, Meghna Group of Industries has been manufacturing and marketing various high-speed consumer goods (FMCG) and commodities. Today, the Meghna Group has 36 production sites and employs over 35,000 people.
In 2017, the sales revenue exceeded US$2 billion last year, and now the annual revenue is around US$2.5 billion. Meghna's industrial units include fast-moving consumer goods, cement, raw materials, chemicals, seed crushing, fish and poultry feed, power generation, salt, mineral water and industrial products.
10. Square group
We have another major pharmaceutical conglomerate to mention on this list,square group. It was founded in 1958 by Samson H. Chowdhury and his 3 friends. However, this privately owned company went public in 1991. From healthcare products, textiles and Agrovet to consumer goods, Square Group successfully manufactures quality products in all these segments. There are many subsidiaries under the Square Group and among them the most popular ones are Square Pharmaceuticals Ltd, Square Hospitals Ltd and Square Food & Beverage Limited. They have 28,000 employees working for them around the world.
Other notable mentions
Transcom Groupstarted operations in Bangladesh in 1985 as a tea plantation company. Gradually, they shifted to high-tech manufacturing, global trading and distribution. The stores cover segments such as beverages, pharmaceuticals, newspapers, radio stations, electronics, groceries, etc. TRANSCOM has become the biggest media company in Bangladesh in recent years. With more than 20,000 employees, Transcom Group is one of the oldest business groups in Bangladesh and is present in 54 countries. They have many sister companies including Transcom Electronics Ltd, Transcom Foods Ltd, Transcom Beverages Ltd, Transcom Mobile Ltd, Tea & Rubber Farms, and more.
Mohammed Abu Tayab and Mohammed Abul Kalam were co-foundersGrupo TKin 1972. They started their journey in commodity trading and gradually launched new ventures in the manufacturing and marketing of consumer and industrial products. The TK Group is the largest manufacturer of cooking oil derivatives in the country. They cover segments such as steel, shipbuilding, pulp and paper, plastics, cement and textiles. TK Group has around 20 major group companies under its umbrella. This organization has received several national and international awards. In 2019, it received several Standard Chartered Trade Awards. Bangladesh is home to several large conglomerates with extensive stakes in a variety of industries.
And some of these companies have already established themselves as global companies across the world representing Bangladesh. Undoubtedly, these cross-sectoral companies benefit the country and its citizens, organizing countless social events and generating jobs for many people.
Now started as Jamuna Electric Manufacturing Co. LtdJamuna Groupis one of the leading manufacturers of electrical fittings and fittings in Bangladesh. It was founded in 1974 by Nurul Islam Babul, a Bangladeshi industrial and political pioneer. He built many successful companies in a variety of industries, including apparel and textiles, print media and electronics, consumer goods, leather, chemicals, electronics, machinery, beverages, real estate, housing, etc. umbrella.
ACI Group Limited
Let's talk about another leading conglomerate in Bangladesh,ACI Group Limited. ACI, "Advanced Chemical Industries", was founded in 1968 by Mr. M. Anis Ud Dawla in East Pakistan. Pharmaceuticals, Consumer Brands and Agribusiness are the main segments in which ACI operates. With more than 8,384 employees, ACI produces and sells almost everything a consumer needs in their daily lives. They market 5,000 patented products in 10 countries on 3 continents. Products include antiseptics, kitchen care, fabric care, surface care, food, feminine hygiene, men's care, baby care, farm machinery and much more. The list of ACI sister companies is long and among them the most popular are ACI Consumer Brands, ACI Motors Limited, ACI Fertilizer, ACI Pharmaceuticals and ACI Salt Ltd.
Navana-Gruppewas founded in 1964 by Alhaji Jahurul Islam. Originally started in 1953 as a construction company, the Bengal Development Corporation. In 1996, after the death of Alhaji Jahurul Islam, Mr. Shafiul Islam formed a separate company for Kamal, integrating Navana Limited and adding Aftab Automobiles Limited. Very quickly they expanded their business and are now working in more than 15 sectors such as construction and real estate business, product and project marketing, international trade, distribution, etc.
Grupo Navana has more than 20 group companies under one roof. Among them are Navana Construction Limited, Navana Limited, Navana Automobiles Limited, Aftab Automobiles Limited, Navana Logistic Limited, Navana CNG Limited, Navana Realestate Limited, Navana Electronics, Navana Furniture Limited and Navana Food Limited. It has to take care of 5,500 employees in 27 different business areas.
What are the top business sectors in Bangladesh? ›
Bangladesh Business, Economy, Trade
Bangladesh's main industries are cotton, textiles, jute, garments, tea processing, paper newsprint, cement, chemical fertilizers, sugar and light engineering.
1. Unilever Bangladesh. Unilever is arguably the biggest MNC in Bangladesh.What are the 11 business sectors? ›
The order of the 11 sectors based on size is as follows: Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.What are the top 5 business industries? ›
- Hospitals in the US. ...
- Drug, Cosmetic & Toiletry Wholesaling in the US. ...
- Health & Medical Insurance in the US. ...
- Commercial Banking in the US. ...
- New Car Dealers in the US. ...
- Life Insurance & Annuities in the US. ...
- Pharmaceuticals Wholesaling in the US. ...
- Public Schools in the US.
Agriculture has been functioning in Bangladesh for a long as a catalyst for sustainable development and growth of the country. It is the largest employment sector in Bangladesh.Who is the most successful businessman in Bangladesh? ›
- Afeef Zaman (ShopUp)
- Fahad Ifaz (iFarmer)
- Zeeshan Zakaria (Shikho)
- Ayman Sadiq (10 Minute School)
- Hussain M Elias (Pathao)
- Waseem Alim (Chaldal)
- Sylvana Quader Chowdhury (Praava Health)
- Reyasat Chowdhury (Shuttle)
Hongkong and Shanghai Banking Corporation Limited (HSBC) has been voted 'Market Leader' in Bangladesh for the 13th time and the 'Best Service' in Bangladesh for five years in a row, in the Euromoney Cash Management Survey 2022.Which industry is growing fastest in Bangladesh? ›
Textile, machinery market growing fast in Bangladesh.Who is the richest in Bangladesh? ›
Moosa Bin Shamsher (Bengali: মুসা বিন শমসের; born 15 October 1945) is a Bangladeshi businessman and the chairman and chief executive officer of DATCO Group.What is the best thing to invest in Bangladesh? ›
- National Savings Certificate or NSC & Post Office Savings Scheme. The National Savings Certificate is the most popular investment option in the country. ...
- Fixed Deposit Receipt or FDR. ...
- Deposit Pension Scheme or DPS. ...
- T-bills and Bonds. ...
- Investment in Stock Market. ...
- Mutual Fund. ...
- Real Estate. ...
- Startups & SMEs.
Which is the poorest division in Bangladesh? ›
The northern Kurigram district remains the poorest district, with 54% extreme poverty and about 77% of overall poverty, according to a recent survey by the General Economics Division of Bangladesh Institute of Development Studies and the UK's University of Bath.Which is the oldest company in BD? ›
M.M. Ispahani Limited (Bengali: এম এম ইস্পাহানি লিমিটেড), also known as The Ispahani Group, is a Bangladeshi conglomerate headquartered in Chittagong. Founded in 1820, it is the oldest company in Bangladesh and is owned by the Ispahani family.What is the 2nd largest ethnic group in Bangladesh? ›
Marmas. Marmas are the second largest ethnic group in Bangladesh and they are of Burmese (Myanmar) ancestry. The Marmas regarded Burma (Myanmar) as the centre of their cultural life. The region they live in was part of the Kingdom of Mrauk U, before the kingdom was conquered by the Bengal Sultanate.What are the 24 industry groups? ›
- Automobiles and Components.
- Capital Goods.
- Commercial and Professional Services.
- Consumer Durables and Apparel.
- Consumer Services.
- Diversified Financials.
Which are the major industries in the Indian Economy? Answer: The major industries in the Indian Economy are Iron & Steel, Textiles, Jute, Sugar, Cement, Paper, Petrochemical, Automobile, Information Technology (IT), and Banking & Insurance.What are the 4 main business sectors? ›
- Primary. The primary sector of industry is concerned with the extraction of raw materials or natural resources from the land. ...
- Secondary. The secondary sector of industry is concerned with manufacturing . ...
- Tertiary. The tertiary sector of industry is concerned with providing a service. ...
- Social media management. ...
- Cleaning service. ...
- Business consulting. ...
- Copywriting. ...
- Graphic design. ...
- Real estate brokers. ...
- Online courses. ...
- Pet services.
- Food and Beverage Business- A Business Related to Hospitality Industry. ...
- Organic Farming. ...
- Travel Agency or Business related to Tourism Industry. ...
- Pharmaceutical Business. ...
- Website Designing- A Living Dream for all the Tech Enthusiasts. ...
- Real Estate Business.
- Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
- IT Support, Technology Consulting, and Repair. ...
- Cleaning Services. ...
- Accounting and Tax Preparation. ...
- Auto Repair. ...
- Real Estate. ...
- Online courses. ...
- Marketing and PR Services.
Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP.
What industry dominates the Bangladesh economy? ›
Bangladesh has remained largely agricultural, with nearly half the population employed in this sector in the early 21st century. Rice is the predominant agricultural product, but jute and tea, both of which are key sources of foreign exchange, also are important.Which is the currently main sector of industry of Bangladesh? ›
The founder of DATKO group, Musa Bin Shamser has so far earned 1.5 billion dollars from his immigration business. He is the richest person among many other money makers in Bangladesh. Musa is known as Prince Musa in Bangladesh.How many billionaires are in Bangladesh? ›
There are 2,669 billionaires in the world, and none of them belong to Bangladesh, as reported in the recently released 2022 World's Billionaires list by Forbes.Who are the most powerful families in Bangladesh? ›
The Sheikh Mujib family (Bengali: শেখ মুজিব পরিবার) is a prominent Bangladeshi political dynasty, which primarily consists of Sheikh Mujibur Rahman, Sheikh Hasina and their relatives. The Sheikh Mujib family is most powerful family In Bangladesh.Which country is the biggest investor in Bangladesh? ›
Hong Kong has become one of the top 10 foreign investors in Bangladesh, pouring $1.8 billion till date mainly in the textile and energy sectors, said Rizwan Rahman, president of the Dhaka Chamber of Commerce and Industry (DCCI).Who is the biggest don in Bangladesh? ›
Aziz Mohammad Bhai was born in 1962 to Mohammad Bhai and Khatija Mohammad Bhai, émigrés to Bangladesh from Gujarat, India and is of Gujarati and Persian descent.What is the biggest market in Bangladesh? ›
Jamuna Future Park, the largest shopping complex in Bangladesh, is located at Kuril, Dhaka.What is the most demanding product in Bangladesh? ›
Among Bangladesh's most valuable consumer products in 2021 are: processed petroleum oils, phone devices including smartphones, petroleum gas, palm oil and soya beans.What is the promising business of Bangladesh? ›
E-commerce is the fastest growing industry in Bangladesh. It is making progress at a rapid pace. On average, about 50 new companies start their-e-commerce business each day.
Which is the potential investment sector in Bangladesh? ›
The blue economy is the new potential sector of investment in Bangladesh and it is possible to earn billions of dollars from this sector in the next few years with suitable policies in place, said Bangladesh Investment Development Authority (Bida) Executive Chairman Md Sirazul Islam.Where do rich people live in Bangladesh? ›
Gulshan. Gulshan is one of the most affluent areas of Dhaka. You will be awestruck by the glaring beauty of this area. The sublimely designed houses, premium restaurants & shopping places promote the luxury of this area.Which city is rich in Bangladesh? ›
Sylhet is the capital and richest city of the Sylhet Division in Bangladesh with a population of over 500,000 residents.Is Bangladesh richer than India? ›
Once known as one of the poorest countries in the world since independence in 1971, Bangladesh has surpassed India, the world's 6th largest economy, in several economic and social indicators in the last 50 years. But how exactly has Bangladesh been able to move ahead of India?How can I make a lot of money in Bangladesh? ›
- 1) Earn Money Online from E-commerce. ...
- 2) Make Money from Affiliate Marketing. ...
- 3) Make Money by Becoming an Online Reseller. ...
- 4) Make Money selling Gently-Used Items. ...
- 5) Make Money from On-Demand Ride Service. ...
- 6) Earn Money Online by Freelancing Work. ...
- 7) Make Passive Income By Renting Your Car.
With a vibrant workforce, Bangladesh is fast becoming one of Asia's most attractive outsourcing destinations. The average salary in Bangladesh is 312,000 BDT (Bangladeshi Taka) per year. That's around 3,034.56 USD per year as per the December 2022 exchange rates.Why do foreigners invest in Bangladesh? ›
Strategic location, regional connectivity and worldwide access. Bangladesh is strategically located in between India, China and ASEAN markets. As the South Asian Free Trade Area (SAFTA) comes into force, investors in Bangladesh enjoy duty-free access to India along with EU, Japan and major developed countries.What are the major sectors in Bangladesh? ›
|Unemployment||Overall 5.2% Male 4.1% Female 7.9% (2021 est.)|
|Main industries||Textiles Pharmaceutical Products Electronics Shipbuilding Automotive Bicycle Leather Jute Glass Paper Plastic Food and Beverages Cement Tea Rice Natural Gas and Crude Petroleum Iron and Steel|
In 2021, the share of agriculture in Bangladesh's gross domestic product was 11.63 percent, industry contributed approximately 33.32 percent and the services sector contributed about 51.3 percent.What is the most important sector in Bangladesh? ›
Agriculture and fishing
Bangladesh has remained largely agricultural, with nearly half the population employed in this sector in the early 21st century. Rice is the predominant agricultural product, but jute and tea, both of which are key sources of foreign exchange, also are important.
What are the major sectors of the economy in Bangladesh? ›
Agricultural sector is still the largest employer in Bangladesh. It accounts for 37.6% of the total work force and 13.1% of the GDP. Industry employs 21.4% and represents 27.8% of GDP. Services account for 53.5% of GDP and employ 39.8% of the total workforce.What are the three 3 main industry sectors? ›
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials (primary), manufacturing (secondary), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector (tertiary).What is the fastest growing industry in Bangladesh? ›
E-commerce is the fastest growing industry in Bangladesh. It is making progress at a rapid pace. On average, about 50 new companies start their-e-commerce business each day.What are the 12 sectors of the economy? ›
These sectors include healthcare, materials, real estate, consumer staples, consumer discretionary, utilities, energy, industrials, consumer services, financials, and technology.Which sector is the backbone of Bangladesh economy? ›
Manufacturing (9.1%) and services (5.9%) were the fastest growing sectors. 3. The Bangladesh economy is dominated by the services sector.What is the largest of the 4 sectors? ›
In India, the largest of the 4 sectors in terms of contribution to the GDP of the nation is the services sector.What is Bangladesh known for business? ›
The country also has large pharmaceutical, footwear, and agricultural-processing industries. Other important sectors include construction, information, and communication technology (ICT) and business process outsourcing, light engineering, ship building, leather products, jute products, and ceramic products.What Bangladesh produces the most? ›
Most agricultural production in Bangladesh is characterized as traditional subsistence farming. Bangladesh produces a variety of agricultural products such as rice, wheat, corn, legumes, fruits, vegetables, meat, fish, seafood, and dairy products. Rice is the main staple in the Bangladeshi diet.What are the 5 major sectors of the economy? ›
Sectors of Economy: Primary, Secondary, Tertiary, Quaternary and Quinary.What are the 4 sectors of the economy? ›
There are four types of sector groupings in the economy: primary, secondary, tertiary, and quaternary.
What is the recent trend of Bangladesh economy? ›
The economy grew by 6.94 percent in FY 2020-21. According to the provisional estimates of BBS, the GDP growth stood at 7.25 percent in FY 2021-22, 0.05 percentage point higher than the target rate and 0.31 percentage point higher than the previous fiscal year.