Deshbandhu Group

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Deshbandhu Group
Formation1932
Headquarters Dhaka, Bangladesh
Region served
Bangladesh
Official language
Bengali
Revenue
Tk 2,400 crore
Increase2.svgUS$290 million (2020)
Website www.dbg.com.bd

Deshbandhu Group (Bengali : দেশবন্ধু গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka. [1] [2] Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group. [3] [4] It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood. [5]

Contents

History

Deshbandhu Sugar Mills Limited was established in 1932. [6] In the early 1960s, it was the smallest of East Pakistan's eight sugar mills, with a rated production capacity of 2,500 tons annually, and was uneconomic. [7]

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. [8]

Sahera Auto Rice Mills Limited started operations on 15 March 2012. [9]

Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015. [10]

The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District. [11] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019. [12] The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017. [13]

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. [14]

On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters. [3] [15] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group. [16]

Businesses

Related Research Articles

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References

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  19. "Sahera Auto Rice Mills Ltd – Deshbandhu Group" . Retrieved 2021-06-08.
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  23. "Deshbandhu Textile Mills Ltd – Deshbandhu Group" . Retrieved 2021-06-08.
  24. "Southeast Sweaters Limited – Deshbandhu Group" . Retrieved 2021-06-08.
  25. "GM Apparels Ltd – Deshbandhu Group" . Retrieved 2021-06-08.
  26. "Deshbandhu Cement Mills Ltd – Deshbandhu Group" . Retrieved 2021-06-08.
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