Partex Group

Last updated
Partex Group
Company type Private
Industry Conglomerate
Founded1962;62 years ago (1962) [1]
Founder MA Hashem [2]
Headquarters,
Bangladesh
Key people
Aziz Al Kaiser (Chairman Partex Star Group), Aziz Al- Mahmood (Managing Director)
ProductsFood & Beverages, Steel, Real Estate, Furniture, Plastics, Paper, Power & Energy, Jute, Agribusiness, Shipyards, Shipping, Cotton, Textile, Construction, IT, Cables, Aviation, PVC, Ceramics, Telecommunication, Oil, Logistics, Fisheries, etc.
RevenueUS$800 million [3]
Number of employees
Over 70,000 [1]
Website www.partexgroup.com , www.partex.net , www.partexstargroup.com.

Partex Group is one of the largest family-run conglomerates in Bangladesh, consisting of over 70 factories. [4] The industries under this conglomerate include foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc. [5]

Contents

History

It started in 1962, by industrialist M. A. Hashem with commodity trading. [2] Now it owns over 70 subsidiaries from tobacco to consumer goods, furniture, textile and the IT sector. It has split into two groups to improve management of its subsidiaries - Partex Holdings and Partex Star Group. [5]

Partex's companies are in nearly all sectors, including food and beverages, plastics, fabrics, cotton, sugar, paper, jute, shipping, furniture, agribusiness, oil, cables, aviation, PVC, telecommunication, logistics, fisheries, education, services, IT, denim fabric industry and many more.

M. A. Hashem also founded two leading private banks in Bangladesh – The City Bank and United Commercial Bank Limited (UCB).

List of companies

See also

Related Research Articles

<span class="mw-page-title-main">Jute</span> Bast fiber from the genus Corchorus

Jute is a long, rough, shiny bast fibre that can be spun into coarse, strong threads. It is produced from flowering plants in the genus Corchorus, of the mallow family Malvaceae. The primary source of the fiber is Corchorus olitorius, but such fiber is considered inferior to that derived from Corchorus capsularis.

Bangladesh Export Import Company Limited, commonly known by its trade name BEXIMCO, is a Bangladeshi multinational conglomerate holding company, headquartered in Dhaka, Bangladesh. It was founded in the early 1970s.

Birds Jute and Export Limited (BJEL) is a wholly owned subsidiary of the National Jute Manufactures Corporation Limited, Ministry of Textiles, Government of India. It is headquartered in Kolkata, West Bengal.

Transcom Limited is a Bangladeshi business conglomerate. The businesses under this group include beverage, pharmaceuticals, newspaper, radio channel, electronics, foods, etc. Transcom is the local agent or comprador of international brands. This group employs more than 10,000 people. Transcom Group is one of the oldest and biggest companies in Bangladesh. Their operation in Bangladesh initially started in 1985 as a tea plantation company.

Adamjee Group of Companies is a group of companies headquartered in Karachi, Pakistan. The group was previously headed by Sir Adamjee Haji Dawood.

<span class="mw-page-title-main">Akij Group</span> Bangladeshi multinational conglomerates

Akij Group is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include textiles, tobacco, food and beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009, Akij Group paid 390 million euros in tax, making it the biggest local tax-payer, contributing two per cent to the nation's entire budget. Akij also provides services in healthcare, information and communication technology. Its turnover in 2009 was 89 billion taka. In 2018, Akij sold their tobacco division to JTI for $1.47 billion. It was the biggest ever single foreign direct investment in Bangladesh.

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

Jamuna Group is one of the largest Bangladeshi industrial conglomerates. It operates in a range of industry sectors, including Textiles, Chemicals, Leather, motor cycles, Consumer products, Media and Advertisement.

<span class="mw-page-title-main">Meghna Group of Industries</span> Bangladeshi Conglomerates

Meghna Group of Industries (MGI) is one of the largest Bangladeshi industrial conglomerates. The industries under this conglomerate include chemicals, cement, consumer products, real estate, insurance, securities, utilities, etc.

<span class="mw-page-title-main">Rangs Group</span> Bangladeshi multinational conglomerate company

Rangs Group is one of the largest Bangladeshi industrial conglomerates founded in 1979. The industries under this conglomerate include automobile, real estate, shipping, pharmaceuticals etc.

<span class="mw-page-title-main">Ha-meem Group</span> Bangladeshi textile and garments company

Ha-Meem Group is one of the largest Bangladeshi conglomerates in textile and garments sector. It owns 26 garments factories, sweater factory, poly bag industry, label factory, jute mill, chemical formulation plant, tea estates, transport company, Channel 24 and Samakal, a widely circulated national daily newspaper. The newspaper are under Times Media Limited of Ha-Meem Group. It employs 50 thousand people.

<span class="mw-page-title-main">Globe Janakantha Shilpa Paribar</span>

Globe Janakantha Shilpa Paribar (GJSP) is one of the largest Bangladeshi conglomerates. The industries under this conglomerate include construction, engineering, electrical cables, information technology, printing, media etc. It was founded in 1969 by Mohammad Atikullah Khan Masud.

<span class="mw-page-title-main">T K Group of Industries</span> Bangladeshi conglomerates

The T K Group of Industries is a Bangladeshi industrial Conglomerate known for its vegetable oil business. It also has interests in steel, shipbuilding, pulp and paper, plastics, cement, and textiles. The conglomerate is headquartered in Chittagong. The group is one of the top VAT payers in the country.

<span class="mw-page-title-main">Arvind (company)</span> Indian textile company

Arvind Limited is an Indian textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej. The company manufactures cotton shirting, denim, knits and bottomweight (khaki) fabrics. It had also recently ventured into technical textiles with its Advanced Materials Division in 2011. The company is India's largest denim manufacturer.

<span class="mw-page-title-main">Latifur Rahman (businessman)</span> Bangladeshi businessman

Latifur Rahman was a Bangladeshi business magnate and media mogul. He served as the founding chairman and CEO of Transcom Group which deals with beverages, electrical and electronics products, pharmaceuticals, fast food, snacks and breakfast cereals, print media, FM radio and tea plantations mostly as the comprador of international brands like Pizza Hut, KFC, Pepsi and Philips. He was the founding director of Mediaworld and Chairman of Mediastar, which owned The Daily Star and Prothom Alo newspapers, respectively. Both are the nation's leading English and Bangla newspapers.

M. A. Hashem was a Bangladeshi businessman and the founding chairman of Partex Group. He served as member of parliament from the Bangladesh Nationalist Party.

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 Chittagong. 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.

Deshbandhu Group is a Bangladeshi diversified conglomerate based in Dhaka. Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group. It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.

Uttara Group of Industries is a Bangladeshi diversified conglomerate based in Dhaka founded by Giridhari Lal Modi, a Marwari businessman.

References

  1. 1 2 "About Us". Archived from the original on 2016-11-22. Retrieved 2014-05-07.
  2. 1 2 "How tycoons from Nepal, Bangladesh, Pakistan and Sri Lanka built thriving business empires". The Times of India. Retrieved 2016-04-02.
  3. "Partex Group Overview". LinkedIn.
  4. "PARTEX - About Us".
  5. 1 2 Rahman, Sajjadur (6 July 2010). "Partex Group splits". The Daily Star.
  6. "Enterprises". Archived from the original on 2015-07-21. Retrieved 2014-05-07.
  7. "Partex Furniture opens new showroom". The Financial Express. Dhaka. Retrieved 2016-04-02.
  8. "Partext Star Group Corporate". Partext Star Group.
  9. "Partex Group chairman fails to turn up at ACC". Prothom Alo. Archived from the original on 2016-09-18. Retrieved 2016-04-02.
  10. "Welcome". Partext Petro.