Confidence Group

Last updated
Confidence Group
Company type Private (except Cement)
Industry Construction, Manufacturing Engineering
Founded1991;33 years ago (1991)
Headquarters
Dhaka
,
Bangladesh
Revenue US$ 100 million
BDT 7.5 billion
In fiscal year 2010-2011
Website confidencegroup.com.bd

Confidence Group of Companies Limited (also referred to as Confidence Group) is a Bangladeshi company, involved in manufacturing mid-tech manufacturing engineering products. [1] [2] The conglomerate commenced its operation in 1991 with cement manufacture, and is involved with power generation and the manufacture of Spun Pre-stressed Concrete (SPC) poles. [3] As of 2017, the conglomerate claims to consist of 8 operational business entities. [4]

Contents

Rezaul Karim is the Chairman of Confidence Group. [5] Imran Karim is the vice-chairman of Confidence Group. [6]

History

Confidence Group was established in 1991 with the founding of Confidence Cement Limited by Kazi Shahidul Islam, Khurshid Anwar, Rezaul Karim, and Rupam Kishore Barua. [7] Confidence Cement is listed on the Dhaka Stock Exchange. [8]

Confidence Group established Confidence Power in 2000. [7]

In 2002, Confidence Group established a partnership with Asian Paints to form Asian Paints Bangladesh Limited (APBL). [9] [10]

Confidence Group signed an agreement with Bangladesh Power Development Board in 2011 to build an oil based powerplant in Chittagong in partnership with Rurelec PLC Limited and Energypac Power Generation Limited. [11]

During the COVID-19 pandemic in Bangladesh, Bangladesh Independent Power Producers Association and Confidence Group distributed 2000 protective clothing to Bangladesh Police, Bangabandhu Sheikh Mujib Medical University, Kuwait Bangladesh Friendship Government Hospital, and Bangladesh Fire Service and Civil Defence. [12] It donated 2 million BDT worth of testing kits in partnership with Shakib Al Hasan Foundation. [13] Confidence Group received permission to build a 660 mw natural gas powerplant in Chittagong. [14] Confidence Infrastructure Limited established a geotextile plant in Narayanganj District in June 2022. [5] Former chairman of Confidence Group, Shamsul Alam, died in December 2022 from cancer. [15]

In February 2023, Confidence Group signed a banking agreement with BRAC Bank Limited. [16] Confidence Cement issued preference share worth 1.5 billion BDT. [17]

Subsidiaries

Related Research Articles

<span class="mw-page-title-main">Chattogram City Corporation</span> Local governing body of Chattogram, Bangladesh

Chattogram City Corporation (CCC) is a self-governing body that governs the municipal areas of Chattogram and some adjoining areas of south-eastern Bangladesh. The CCC government is elected by popular vote every five years.

<span class="mw-page-title-main">National Bank Limited</span> Bank in Bangladesh

The National Bank Limited is a private limited bank in Bangladesh. Md Mehmood Husain is the Managing Director and Chief Executive Officer of the bank.

1980 (MCMLXXX) was a leap year starting on Tuesday of the Gregorian calendar, the 1980th year of the Common Era (CE) and Anno Domini (AD) designations, the 980th year of the 2nd millennium, the 80th year of the 20th century, and the 1st year of the 1980s decade.

<span class="mw-page-title-main">Outline of Bangladesh</span> Country in South Asia

The following outline is provided as an overview of and topical guide to Bangladesh:

Dhaka Bank PLC is a private limited commercial bank in Bangladesh. Its headquarters are situated in Dhaka. Currently the bank has 100 branches and 3 SME Service Centers around the country.

The Habib Group is a prominent Bangladeshi industrial conglomerate. Founded in Chittagong in 1947, it employs over 20,000 people and has various interests in textiles, aviation, cement, steel, real estate, insurance and banking. It is the parent company of Regent Airways, a Bangladeshi private airline, and Regent Power Limited, a power generating company.

The 2009–10 Citycell Bangladesh League started on 25 October 2009. 13 teams will compete with each other on a home and away basis.

<span class="mw-page-title-main">Islami Bank Bangladesh</span> Bank in Bangladesh

Islami Bank Bangladesh PLC. (IBBPLC), more commonly known as Islami Bank, is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913 and started operation on 30 March, the same year. IBBPLC maintains its own ATM Booths with a country-wide shared ATM network. IBBPLC has been the largest private banking network in Bangladesh. When IBBPLC was established, it was the first bank in Southeast Asia to provide banking service based on Shariah. The bank has been listed with both Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.

Rezaul Karim Reza is a Bangladeshi professional footballer who plays as a centre-back. He represented the Bangladesh national team between 2010 and 2021. Due to his versatility, he can also play as a left-back. He most recently played for Dhaka Abahani.

Bashundhara Group is a Bangladeshi conglomerate and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987 as a real estate company under the name East West Property Development Ltd (EWPD). After its first project turned out to be successful, the company grew quickly. It presently owns more than 50 major concerns throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year. In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.

<span class="mw-page-title-main">Orion Group (Bangladesh)</span>

Orion Group is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include Orion Pharma Ltd, chemicals, pharmaceuticals, infrastructure development, agribusiness, hospitality, textiles, aviation etc. Orion was established by Obaidul Karim, the chairman of the group, and Salman Obaidul Karim, his the managing director. It built the Mayor Hanif flyover in Dhaka. The tallest building in Bangladesh, City Centre Dhaka is built by this group. The company is also the sole franchisee of Krispy Kreme and Fish & Co. restaurants in Bangladesh.

<span class="mw-page-title-main">Summit Group</span> Bangladeshi conglomerate

Summit Group is one of the largest Bangladeshi conglomerates. The industries under this conglomerate include communication, trading, energy and power, shipping.

<span class="mw-page-title-main">Tea production in Bangladesh</span>

Bangladesh is an important tea-producing country. It is the 12th largest tea producer in the world. Its tea industry dates back to British rule, when the East India Company initiated the tea trade in the hills of the Sylhet region. In addition to that, tea cultivation was introduced to Greater Chittagong in 1840. Today, the country has 166 commercial tea estates, including many of the world's largest working plantations. The industry accounts for 3% of global tea production, and employs more than 4 million people.

<span class="mw-page-title-main">Mutual Trust Bank</span> Commercial bank in Bangladesh

Mutual Trust Bank PLC is a private commercial bank headquartered in Dhaka, Bangladesh. Md Abdul Malek, chairman of Sheltech Consultants (Pvt) Ltd, is the chairman of Mutual Trust Bank PLC.

<span class="mw-page-title-main">South Bangla Agriculture and Commerce Bank</span> 4th Generation Private commercial bank of Bangladesh

South Bangla Agriculture and Commerce Bank Public Limited Company(SBACBPLC) is a private commercial bank headquartered in Dhaka, Bangladesh. It incorporated in 2013 as a banking company under Companies Act, 1994 and is regulated under the Banking Companies Act, 1991. The bank has network of 88 branches and 25 sub-branches around the country.

Anwar Group of Industries is one of the largest and oldest Bangladeshi conglomerates. It consists of 18 subsidiaries that are servicing consumer goods, steels, cement, textile, finance and automotive industry. Manwar Hossain is the Chairman of Anwar Group.

Abul Khair Group is a Bangladeshi diversified conglomerate based in Chattogram. Abul Kashem is the chairperson and Abul Hashem is the managing director of Abul Khair Group. Abu Syed Chowdhury is the deputy managing director and Shah Shafiqul Islam is the group director. All four are sons of Abul Khair.

Rezaul Karim Liton is a retired Bangladeshi professional footballer who played as an attacking midfielder.

References

  1. ↑ "Local cement companies thriving over multinationals". Dhaka Tribune . No. Business. Kazi Anis Ahmed. 2A Media Limited. 11 November 2018. Retrieved 13 November 2018.
  2. ↑ "Newsweek highlights achievements of Bangladesh". The Daily Star BD . 2022-07-24. Retrieved 2023-05-07.
  3. ↑ Nessa, Jebun (2016). "Employee satisfaction and its relationship with employee turnover rate at Confidence Group".
  4. ↑ "Construction solution provider Axis begins operation". Dhaka Tribune . November 19, 2017. Retrieved November 27, 2017.
  5. 1 2 "Confidence Infrastructure inaugurates new geotextiles plant in Narayanganj". Prothom Alo . 4 June 2022. Retrieved 2023-05-07.
  6. ↑ "Brac Bank signs Employee Banking agreement with Confidence Group". The Business Standard . 2023-02-13. Retrieved 2023-05-07.
  7. 1 2 "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  8. ↑ "Confidence Cement to issue preference shares worth Tk150cr". The Business Standard . 2023-02-19. Retrieved 2023-05-07.
  9. ↑ "APBL". Archived from the original on 2012-06-15. Retrieved 2012-07-08. The official website of Asian Paints International.
  10. ↑ "About Asian Paints - Residential & Commercial Painting Services". www.asianpaints.com.bd. Retrieved 2023-05-07.
  11. ↑ "PDB signs deals for three power plants". The Daily Star BD . 2011-08-26. Retrieved 2023-05-07.
  12. ↑ "Confidence Group, BIPPA distribute 4000 PPE to police and medical staff". The Daily Star. 2020-03-23. Retrieved 2023-05-07.
  13. ↑ "Shakib's foundation with Confidence Group to donate Tk20lakh to combat Covid-19". The Business Standard. 2020-04-04. Retrieved 2023-05-07.
  14. ↑ "Confidence group gets govt nod for 660MW power plant". New Age. Retrieved 2023-05-07.
  15. ↑ "Shamsul Alam Bir Uttam passes away". The Daily Star. 2022-12-09. Retrieved 2023-05-07.
  16. ↑ "Confidence Group to avail Brac Bank services". The Daily Star. 2023-02-15. Retrieved 2023-05-07.
  17. ↑ "Confidence Cement to issue preference shares worth Tk150cr". The Business Standard. 2023-02-19. Retrieved 2023-05-07.
  18. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  19. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  20. ↑ "Confidence Infrastructure Ltd" . Retrieved 2023-05-07.
  21. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  22. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  23. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  24. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  25. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  26. 1 2 3 4 5 "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  27. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
  28. ↑ "Confidence Group". confidencegroup.com.bd. Retrieved 2023-05-07.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.