Native name | বসুন্ধরা গ্রুপ |
---|---|
Company type | Private |
Industry | Real estate, manufacturing |
Founded | 1987 |
Founder | Ahmed Akbar Sobhan |
Headquarters | Pushpanjali, Bashundhara Convention Center Road, Bangladesh |
Key people | Sayem Sobhan Anvir Managing Director |
Products | Cement, tissue, media, LPG, paper, real estate, shopping mall, steel, food & beverage, shipping, sports |
Owner | Ahmed Akbar Sobhan & family |
Number of employees | 100,000+ |
Website | www.bashundharagroup.com |
Bashundhara Group[1] (Bengali: বসুন্ধরা গ্রুপ) is a Bangladeshi conglomerate[2] and one of the largest manufacturing companies in Bangladesh. It was incorporated in 1987[3] 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 located throughout Bangladesh. The company's import-export turnover was $1.12 billion or BDT 111.38 billion in the 2022-23 fiscal year.[4] In the 2018 fiscal year, the company's real estate holdings amounted to BDT 50,000 crores, or $4.6 billion.[5]
Bashundhara Group (Ahmed Akbar Sobhan, is the founder and chairman of Bashundhara Group.[6]) began in 1987 as real estate venture. After its first successful project, Bashundhara invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution. Bashundhara received permission from Bangladesh Economic Zones Authority to set up two specialized economic zones in Keraniganj, Dhaka, Bangladesh.[7]
Bashundhara Group now operates over 50 concerns:
Main article: Bashundhara City |
Bashundhara City (Bengali: বসুন্ধরা সিটি) is the second-largest shopping mall of Bangladesh. Construction of the shopping mall began in 1998; Mohammad Foyes Ullah and Mustapha Khalid Palash of Vistara designed the building. Opened to the public on 6 August 2004,[41] the mall is located at Panthapath, near Karwan Bazar, in Dhaka city and cost over $100 million to complete. Bashundhara City is 21 stories tall, of which 8 are used for the mall, which houses hundreds of Bangladeshi fashion houses and jewelry shops, as well as around 100 food outlets which sell foods like French fries, burgers, fried chicken, etc.[42]
Despite going through literal fire twice since its existence, this second-largest shopping mall of Bangladesh stands high at the heart of the city. The first incident took place in 13th March 2009 where 7 people were perished and 20 others were injured. However, the second incident in 2016 did not have any casualties.[43]
Main article: Bashundhara Residential Area |
Bashundhara Group is expanding its business in various sectors started from real estate sector to steel industry. In 2009, they started a new enterprise, East West Media Group Ltd. It now owns four big media houses of Bangladesh; namely, two television channel, one FM radio station, one online newspaper and three other print media publications. Kaler Kantho and The Daily Bangladesh Pratidin are its Bengali national daily newspapers.[44] The English newspaper is owns named Daily Sun.;[45] The online newspaper is owns named banglanews24.com (Bengali, English);.[46] News24, T-Sports is the Television channel of EWMG whereas Radio Capital is its only FM radio station.