Bangladesh, a country in South Asia, has a growing economy with a rapidly expanding private sector. From multinational corporations to home-grown companies, Bangladesh has a diverse range of businesses. In this article, we will explore the top 10 companies in Bangladesh, including their history, products and services, and their impact on the economy.
Bangladesh, a country of 160 million people, has an impressive track record of economic growth. It is now among the top 10 fastest-growing economies in the world. With a thriving private sector, Bangladesh has seen the emergence of some of the most successful companies in the region. In this article, we will look at the top 10 companies in Bangladesh that are driving the country’s growth.
Top 10 Company in Bangladesh
- Bashundhara Group
- Abul Khair Group
- PRAN-RFL Group
- Meghna Group of Industries
- City Group
- Akij Group
- ACI Limited
- Navana Group
- Partex Group
1. Bashundhara Group
Bashundhara Group is one of the largest and leading industrial conglomerates in Bangladesh. Founded in 1987 by Ahmed Akbar Sobhan, the group has diversified interests in various sectors such as real estate, cement manufacturing, paper and pulp, steel, LP gas, food and beverage, and media.
The group is headquartered in Dhaka, the capital city of Bangladesh, and employs over 50,000 people. It is known for its iconic projects like Bashundhara City, the largest shopping mall in South Asia, and Meghna Cement Mills Ltd., one of the largest cement manufacturing companies in Bangladesh.
Bashundhara Group has also expanded its operations internationally, with subsidiaries in countries like Malaysia, Singapore, and the United Arab Emirates. The group has received numerous awards and accolades for its contribution to the economy of Bangladesh and its commitment to corporate social responsibility.
2. Abul Khair Group
Abul Khair Group is a prominent business conglomerate in Bangladesh with diversified interests in various sectors. It was founded by Mr. Abul Khair in 1953 as a small tobacco trading business, and since then it has grown into one of the largest and most successful companies in Bangladesh.
The group’s primary business interests include steel, cement, consumer goods, tobacco, and ceramics. Abul Khair Steel is one of the leading producers of steel products in Bangladesh and has a significant presence in the country’s construction industry. The group also owns several well-known consumer brands such as Frutika, Super Star, and Royal Tulip.
In addition to its core businesses, Abul Khair Group has a strong commitment to social responsibility and is involved in several philanthropic initiatives. The group has established the Abul Khair Foundation, which focuses on healthcare, education, and disaster relief.
Abul Khair Group has a strong reputation for quality and excellence, and its products are widely recognized both locally and internationally. The company’s commitment to innovation and sustainability has also earned it several accolades and awards over the years.
BEXIMCO is a leading conglomerate in Bangladesh with operations in various sectors such as textiles, pharmaceuticals, ceramics, real estate, and more. The company was founded in 1972 and has since grown to become one of the largest private sector groups in Bangladesh.
In the textile sector, BEXIMCO is involved in the production of cotton and blended yarns, denim fabrics, and home textiles. The company is also a major exporter of these products, with customers in over 50 countries.
BEXIMCO Pharmaceuticals is one of the largest pharmaceutical companies in Bangladesh, with a presence in over 50 countries. The company produces a wide range of branded generics, as well as a few patented drugs, and is known for its research and development capabilities.
BEXIMCO has been recognized for its contribution to the economy of Bangladesh, and has received numerous awards and accolades for its business performance, corporate social responsibility initiatives, and more.
4. PRAN-RFL Group
PRAN-RFL Group is one of the largest conglomerates in Bangladesh, with operations in a wide range of industries, including agribusiness, plastics, electronics, and furniture. The company was founded in 1981 by Amjad Khan Chowdhury, and it is headquartered in Dhaka, Bangladesh.
PRAN-RFL Group’s agribusiness division is the largest in the country, with products ranging from fresh fruits and vegetables to processed foods such as juices, snacks, and dairy products. The company has its own farms and processing facilities, which allow it to control the entire supply chain and ensure the quality of its products.
The plastics division of PRAN-RFL Group produces a variety of products, including household items, furniture, and packaging materials. The company has invested heavily in modern machinery and technology to ensure that its products are of the highest quality.
In the electronics sector, PRAN-RFL Group produces a range of products such as televisions, refrigerators, and air conditioners under the brand name Marcel. The company has a state-of-the-art manufacturing facility in Gazipur, which is capable of producing more than one million televisions per year.
PRAN-RFL Group also has a furniture division, which produces a range of products such as office furniture, home furniture, and kitchen cabinets. The company’s furniture is known for its quality, durability, and modern design.
5. Meghna Group of Industries
Meghna Group of Industries is one of the largest and most diversified business conglomerates in Bangladesh. The company was founded in 1976 by Mr. Mostafa Kamal and has since grown to become a major player in various industries such as cement, edible oil, paper, and steel.
The group operates several subsidiaries, including Meghna Cement Mills Ltd., Unique Cement Industries Ltd., Meghna Seeds Crushing Mills Ltd., and Meghna Edible Oils Refinery Ltd. Meghna Group also has a strong presence in the consumer goods sector with brands like Fresh, No.1, and Pure.
In addition to its business activities, Meghna Group is also committed to social responsibility initiatives such as providing healthcare services, education, and disaster relief to communities in need.
The company has won several awards and recognition for its contributions to the economy and society of Bangladesh, including the Best Enterprise Award from the Government of Bangladesh, the Prime Minister’s Award for Industrial Development, and the National Export Trophy.
6. City Group
City Group is a Bangladeshi conglomerate that was founded in 1972. The group is involved in a wide range of businesses including food, beverage, real estate, and consumer products. It is one of the largest conglomerates in Bangladesh and has a significant presence in the country’s economy.
City Group’s food and beverage division is one of the largest in Bangladesh and includes popular brands such as Radhuni, Teer, and Meizan. The group also owns and operates a number of hotels and resorts in the country, including The Westin Dhaka and the Pan Pacific Sonargaon Hotel.
In addition to its business activities, City Group is also involved in philanthropic work through its City Foundation. The foundation provides support to a variety of causes, including education, healthcare, and disaster relief.
7. Akij Group
Akij Group is a diversified business conglomerate based in Bangladesh. It was founded in the 1950s and has since grown into one of the largest companies in the country, with a presence in many different industries.
Some of the key businesses within the Akij Group include tobacco, textiles, cement, ceramics, and packaging. The group also has interests in real estate, healthcare, and food and beverage production.
Over the years, the Akij Group has become known for its innovative approach to business and its commitment to quality. The company has won numerous awards for its products and services, and is widely recognized as a leader in many of the industries in which it operates.
Despite its success, the Akij Group has faced criticism in some quarters for its alleged involvement in illegal activities, such as tax evasion and money laundering. The company has denied these allegations and has stated that it operates within the bounds of the law.
8. ACI Limited
ACI Limited is a leading conglomerate in Bangladesh with diversified business interests, including pharmaceuticals, consumer goods, agriculture, and retail. The company was established in 1973 and has since become one of the largest companies in Bangladesh, employing over 10,000 people.
ACI Pharmaceuticals is the flagship business of ACI Limited and is one of the largest pharmaceutical companies in Bangladesh, manufacturing and marketing a wide range of pharmaceutical products. ACI Consumer Brands is another major business segment of the company, which produces and markets consumer products such as soap, shampoo, and other personal care items.
ACI also has a significant presence in the agriculture sector, providing a range of agricultural inputs, including seeds, fertilizers, and pesticides. The company has also expanded its operations to retail, with a chain of retail outlets called Shwapno, which offers a wide range of products including grocery items, household appliances, and electronics.
ACI Limited has a strong commitment to corporate social responsibility (CSR) and has been involved in a number of social development initiatives, including providing support for education, health, and disaster relief efforts. The company has received several awards for its CSR activities, including the National CSR Award and the UN Global Compact Network Bangladesh Pioneer Award.
9. Navana Group
Navana Group is a prominent conglomerate in Bangladesh that has been operating for over five decades. The company was founded by Shafiul Islam Kamal. Over the years, the Navana Group has diversified into various sectors, including automobiles, construction, real estate, hospitality, and healthcare.
One of the flagship businesses of the Navana Group is Navana Toyota, the authorized distributor of Toyota vehicles in Bangladesh. The company has a vast network of showrooms, service centers, and spare parts outlets throughout the country, making it one of the most reliable and customer-friendly automobile companies in Bangladesh.
Navana Group has also made significant contributions to the country’s construction and real estate industry. Navana Construction Limited, a subsidiary of the group, is a renowned construction company that has completed numerous large-scale projects in the country, including residential apartments, commercial buildings, and industrial facilities.
In addition to the construction sector, Navana Real Estate Limited is also a major player in the real estate industry in Bangladesh. The company has developed several commercial and residential projects in prime locations in Dhaka and other major cities in the country.
Navana Group has also made significant investments in the hospitality industry in Bangladesh. The company owns and manages several hotels, resorts, and restaurants, including the Radisson Blu Dhaka Water Garden, one of the most luxurious hotels in the country.
The Navana Group also operates several healthcare facilities in Bangladesh, including Navana Healthcare Limited, a state-of-the-art hospital that provides world-class medical services to the people of Bangladesh.
Apart from its business activities, the Navana Group has also been actively involved in various social welfare programs and charitable activities. The company has set up the Jahurul Islam Medical College and Hospital, a charitable hospital that provides medical services to the underprivileged people in the country.
10. Partex Group
Partex Group is a large conglomerate company based in Bangladesh. The company was established in 1962 and has since grown into one of the largest companies in the country, with interests in various industries including furniture, construction materials, textile, and agro-based products.
The group’s flagship company is Partex Furniture Industries Ltd., which is the largest furniture manufacturer in Bangladesh. The company produces a wide range of furniture items, including home furniture, office furniture, and hospital furniture.
Apart from furniture, the group has also expanded its operations to include other industries. Partex Plastics Limited is a leading manufacturer of plastic products, while Partex Star Group is involved in the textile and garment industry.
Partex Group also has a strong presence in the real estate sector in Bangladesh, with several large-scale projects underway. The company has also invested in the renewable energy sector, with the establishment of Partex Solar Limited, which is involved in the production and distribution of solar panels.