Square Pharmaceuticals

Last updated
Square Pharmaceuticals Ltd.
Company type Private
Industry Pharmaceutical
Founded1958 (1958)
Founder Samson H. Chowdhury
Headquarters,
Area served
Asia, Africa, Europe, Central America, South America, Australia
Key people
Tapan Chowdhury (CEO)
RevenueIncrease2.svgUS$528 million (2019)
Increase2.svgUS$254 million (2019)
Increase2.svgUS$156 million (2019)
Total assets Increase2.svgUS$1.18 billion (2019)
Number of employees
7390 (2016-17)
Parent Square Group
Website squarepharma.com.bd

Square Pharmaceuticals Ltd. is a Bangladeshi multinational pharmaceutical company. [1] It was founded in 1958 [2] by Samson H. Chowdhury along with three of his friends PK Saha, Kazi Harunur Roshid and Radhabinod Rai as a private firm. It went public in 1991 and is listed on the Dhaka Stock Exchange [3] and on the Chittagong Stock Exchange (ID of SPL: 13002) [4] Square Pharmaceutical started to export different antibiotics and medicine across the world from 1987. Now it exports its medicine to 36 countries of the world. [5]

In 2008 and 2009 it had the highest market share in the pharmaceutical industry of Bangladesh. [1] [6] For the last couple of years, it has been seeing double digit revenue every year. [7] the Forbes list said Square Pharmaceutical Company of Bangladesh, involved in drug and chemical business, has sales volume worth $512 million. The local pharma's market capital is $1.7 billion. Its net income is $150 million and has employed 9,240 people.

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References

  1. 1 2 "Pharma firms take to contract manufacturing". The Daily Star. 7 April 2008.
  2. "History & Growth". Square Pharmaceuticals Ltd.
  3. "Display Company Information". Dsebd.org. 2012-09-25. Retrieved 2013-08-28.
  4. "CSE". www.cse.com.bd. Retrieved 2020-05-29.
  5. "About us". squarepharma.com.bd.
  6. "Square Tops List of 10, Incepta second". The Financial Express. Dhaka. Archived from the original on 1 October 2011.
  7. "Square Pharma plans Tk 250cr expansion". The Daily Star. 2020-10-26. Retrieved 2021-01-07.