KDS Group

Last updated

KDS Group
TypePrivate company
Industry Conglomerate
Founded1983;40 years ago (1983)
FounderKhalilur Rahman
Headquarters255 Nasirabad I/A Baizid Bostami Road,
Chittagong
,
Bangladesh
Key people
Khalilur Rahman (Chairman)
Products Garments, textile, trims and packaging, steel, logistic and shipping
RevenueIncrease2.svgUS$150 million (2012)
Number of employees
25000
Website http://www.kdsgroup.net/

KDS Group is a business and industrial conglomerates of Bangladesh, which is based in Chittagong [1] but with extensive operations in Dhaka as well. [2] It has also established offices and agencies in India, Hong Kong and is currently expanding into Europe and North America. [3] It is one of the largest private sector employers in Bangladesh.

Contents

History

The group was founded in 1983, through the establishment of one of the first garments industries of Bangladesh. [4] The founder of the group was Khalilur Rahman. [4]

KDS Textiles was established in 2000. [4] The same year, KDS Steel established KYCR Coil Industries Limited. [4] In 2001, the Cold Rolling Mills Complex was established by KDS group. [5]

In February 2008, Rapid Action Battalion recovered Voice over Internet Protocol equipment, illegal in Bangladesh, after raiding an apartment complex in Sugandha Residential Area owned by the chairman of the group, Khalilur Rahman, who denied any involvement. [6]

In March 2009, KDS Logistics began operations of its Inland Container Depot near Chittagong Port. [7] The group had invested three billion BDT to establish the depot. [7] The Group was awarded the national export trophy in 2010 by Prime Minister Sheikh Hasina. [8]

KDS Accessories established a new factory in Gazipur District in September 2016. [9]

In February 2017, Khalilur Rahman, chairman of KDS Group, was elected chairman of AIBL Capital Market Services Limited, a subsidiary of Al-Arafah Islami Bank. [10] It announced plans to invest 10 million USD in the Bangabandhu Hi-Tech City. [11]

The Department of Environment implicated KDS Textile Mills Limited of polluting Halda River in a report of the agency. [12] In November 2019, KDS Accessories approved 15 per cent dividend for stock holders. [13]

In January 2021, Munir Hussain Khan, former director of KYCR Coil Industries and KY Steel, accused KDS Group of harassing him through filing 28 cases against him and his family members. [14] Khan had joined the group in 2007 and left in 2018 following an argument over management of the company. [14] He later joined Apollo Steel after which KDS Group filled cases against him accusing him of embezzling six billion BDT and stealing a car from the company. [14] In August, the managing director of the group, Salim Rahman, was made the chairman of Al-Arafah Islami Bank. [15]

KDS Accessories Limited profit increased 6 per cent in 2022 from 2021. [16] The rising cost of raw materials had reduced the bottom line for the company. [17]

Businesses

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References

  1. ↑ Khan, Jasim Uddin (6 March 2008). "New pvt inland container depots in Chittagong". The Daily Star. Retrieved 25 January 2023.
  2. ↑ "Tk 300cr logistics yard set for launch". The Daily Star. 16 March 2009. Retrieved 26 August 2018.
  3. ↑ "KDS group to set up Tk 1400cr HR coil, sugar refinery plants". New Age. Dhaka. Archived from the original on 22 December 2005.
  4. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 "KDS". www.kdsgroup.net. Retrieved 25 January 2023.
  5. ↑ "Corrugated sheets shine". archive.thedailystar.net. Retrieved 25 January 2023.
  6. ↑ Correspondent, Our; Ctg (15 February 2008). "Huge VoIP equipment seized in Ctg". The Daily Star. Retrieved 25 January 2023.
  7. 1 2 "Tk 300cr private ICD starts operation in Chittagong today". The Daily Star. 21 March 2009. Retrieved 25 January 2023.
  8. ↑ "Prime Minister Sheikh Hasina presents the national export trophy to KDS Group Chairman Khalilur Rahman at Osmani Memorial Auditorium in Dhaka yesterday". archive.thedailystar.net. Retrieved 25 January 2023.
  9. ↑ "KDS Accessories eyes Tk 100cr from new unit". The Daily Star. 28 September 2016. Retrieved 25 January 2023.
  10. ↑ "Khalilur Rahman elected chairman of AIBL Capital Market". The Daily Star. 28 February 2017. Retrieved 25 January 2023.
  11. ↑ "Nine firms get land at Bangabandhu Hi-Tech City". The Daily Star. 26 September 2018. Retrieved 25 January 2023.
  12. ↑ Yousuf, Mostafa (22 March 2019). "Big industries killing Halda". The Daily Star. Retrieved 25 January 2023.
  13. ↑ Staff Correspondent; Ctg (8 November 2019). "KDS Accessories approves 15pc dividends". The Daily Star. Retrieved 25 January 2023.
  14. 1 2 3 Staff Correspondent; Ctg (20 January 2021). "'Spare us the harassment'". The Daily Star. Retrieved 25 January 2023.
  15. ↑ "Al-Arafah bank gets new chairman, vice-chairman". The Daily Star. 11 August 2021. Retrieved 25 January 2023.
  16. ↑ "KDS Accessories' profit up 6pc". The Daily Star. 4 October 2022. Retrieved 25 January 2023.
  17. ↑ "Raw material price hike eats into KDS Accessories profits". The Business Standard. 2 October 2022. Retrieved 25 January 2023.
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