Deshbandhu Group

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Deshbandhu Group
Formation1932
HeadquartersDhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Revenue
Tk 2,400 crore
IncreaseUS$290 million (2020)
Websitewww.dbg.com.bd

Deshbandhu Group (Bengali: দেশবন্ধু গ্রুপ) is a Bangladeshi diversified multinational conglomerate based in Dhaka.[1][2] Global entrepreneur Mr. Golam Mostafa is the company's Chairperson, while Mr. Golam Rahman is the Managing Director of Deshbandhu Group.[3][4] Deshbandhu Group's headquarters are located in Mostafa Centre, Banani, one of Dhaka's diplomatic neighbourhoods.[5]

History[]

Deshbandhu Sugar Mills Limited was established in 1932.[6]

In 2011, Deshbandhu sought approval from the Government of Bangladesh to establish a sugar mill in Thailand or Brazil but was denied permission from Bangladesh Bank.[7]

Sahera Auto Rice Mills Limited started operations on 15 March 2012.[8]

Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015.[9]

The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District.[10] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019.[11] The Government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017.[12]

Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October 2018.[13]

On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters.[3][14] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group.[15]

Businesses[]

  • Deshbandhu Sugar Mills Limited[6]
  • Deshbandhu Food & Beverage Limited[16]
  • Deshbandhu Consumer and Agro Products Limited[17]
  • Sahera Auto Rice Mills Limited[18]
  • Deshbandhu Oil Refinery Limited[19]
  • Deshbandhu Polymer Limited[20]
  • Deshbandhu Packaging Limited[21]
  • Deshbandhu Textile Mills Limited[22]
  • Southeast Sweaters Limited[23]
  • GM Apparels Limited[24]
  • Deshbandhu Cement Mills[25]
  • GM Holdings Limited[26]
  • Rapa Plaza[27]
  • Deshbandhu Parcel and Logistics Limited[28]
  • Deshbandhu Shipping Limited[29]
  • Deshbandhu Media Limited (Weekly Dudkumar, The Daily Haq Kotha, The Daily Ajkaler Khabar Limited)[30]
  • Deshbandhu Power Plant Limited[31]
  • TMS Sahera-Wasek Hospital[32]
  • Fertilizer Marketing Corporation (FMC)[33]
  • M.R. Trading[33]
  • Moru Trading Limited[33]
  • Commodities Trading Company (CTC)[33]

References[]

  1. ^ "Big firms to go for rice milling". The Daily Star. 2015-01-22. Retrieved 2021-06-08.
  2. ^ "COMMODITY TRADERS GRIN IN RAMADAN". The Daily Star. 2019-05-20. Retrieved 2021-06-08.
  3. ^ a b jagonews24.com. "Two garments of Deshbandhu Group start journey". jagonews24.com. Retrieved 2021-06-08.
  4. ^ "Sugar consumption on the rise". The Daily Star. 2016-08-11. Retrieved 2021-06-08.
  5. ^ "Commercial activities rampant in Banani residential area". Dhaka Tribune. 2019-11-20. Retrieved 2021-06-08.
  6. ^ a b "Deshbandhu Sugar Mills Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  7. ^ "Bangladesh liberalizes outward investment at last". Nikkei Asia. Retrieved 2021-06-08.
  8. ^ "Deshbandhu enters rice market". The Daily Star. 2012-03-15. Retrieved 2021-06-08.
  9. ^ "Deshbandhu to build polyester fibre plant". The Daily Star. 2015-09-13. Retrieved 2021-06-08.
  10. ^ "Deshbandhu to set up apparel unit at Tk 435cr in Uttara EPZ". The Daily Star. 2017-07-25. Retrieved 2021-06-08.
  11. ^ "Commerce minister opens RMG factory at Uttara EPZ". Dhaka Tribune. 2019-08-05. Retrieved 2021-06-08.
  12. ^ "City Group, Deshbandhu get nod to export sugar". The Daily Star. 2017-10-04. Retrieved 2021-06-08.
  13. ^ "China firm keen to invest $200m". The Daily Star. 2018-10-30. Retrieved 2021-06-08.
  14. ^ "Deshbandhu eyes $50m annual RMG exports". The Business Standard. 2021-03-31. Retrieved 2021-06-08.
  15. ^ "Deshbandhu Group: Target $250m from global investors". The Daily Star. 2021-03-13. Retrieved 2021-06-08.
  16. ^ "Deshbandhu Food and Beverage Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  17. ^ "Deshbandhu Consumer & Agro Products Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  18. ^ "Sahera Auto Rice Mills Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  19. ^ "Deshbandhu Oil Refinery Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  20. ^ "Deshbandhu Polymer Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  21. ^ "Deshbandhu Packaging Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  22. ^ "Deshbandhu Textile Mills Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  23. ^ "Southeast Sweaters Limited – Deshbandhu Group". Retrieved 2021-06-08.
  24. ^ "GM Apparels Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  25. ^ "Deshbandhu Cement Mills Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  26. ^ "GM Holdings – Deshbandhu Group". Retrieved 2021-06-08.
  27. ^ "Rapa Plaza – Deshbandhu Group". Retrieved 2021-06-08.
  28. ^ "Deshbandhu Parcel & Logistics Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  29. ^ "Deshbandhu Shipping Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  30. ^ "Deshbandhu Media Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  31. ^ "Deshbandhu Power Plant Ltd – Deshbandhu Group". Retrieved 2021-06-08.
  32. ^ "TMSS SAHERA-WASEK HOSPITAL – Deshbandhu Group". Retrieved 2021-06-08.
  33. ^ a b c d "Bulk Commodities Trading – Deshbandhu Group". Retrieved 2021-06-08.


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