BEXIMCO - Misplaced Pages

This is an old revision of this page, as edited by Citation bot (talk | contribs) at 10:33, 16 August 2024 (Removed parameters. | Use this bot. Report bugs. | Suggested by Abductive | Category:EngvarB from March 2017 | #UCB_Category 124/830). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Bangladesh Export Import Company Limited

Company type	Public
Traded as	DSE: BEXIMCO CSE: BEXIMCO
Industry	Conglomerate
Founded	1972; 52 years ago (1972)
Founders	A. S. F. Rahman Salman F Rahman
Headquarters	Dhaka, Bangladesh
Area served	Worldwide
Key people	A. S. F. Rahman (Chairman) Salman F Rahman (Vice Chairman)
Products	Diversified investments Banking & finance Pharmaceutical Garment manufacturing Clothing retail Media IT
Revenue	BD৳25.387 billion (US$304 million) (FY2018)
Operating income	BD৳7.085 billion (US$85 million) (FY2018)
Net income	BD৳1.259 billion (US$15 million) (FY2018)
Total assets	BD৳122.746 billion (US$1.47 billion) (FY2018)
Total equity	BD৳63.373 billion (US$757 million) (FY2018)
Owner	A. S. F. Rahman Salman F Rahman
Number of employees	70,000
Subsidiaries	Beximco Pharma Yellow Independent Television BEXIMCO Petroleum Ltd.
Website	beximco.com bol-online.com beximcolpg.com

Bangladesh Export Import Company Limited (Bangla transliteration: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড), commonly known by its trade name BEXIMCO (Bangla: বেক্সিমকো) (DSE: BEXIMCO CSE: BEXIMCO), is a Bangladeshi multinational conglomerate holding company, headquartered in Dhaka, Bangladesh. It was founded in the early 1970s.

BEXIMCO is Bangladesh's largest conglomerate, with the largest market capitalisation on the country's stock market. BEXIMCO currently has operations and investments across a wide range of industries including textiles, pharmaceuticals, PPE, ceramics, real estate development, construction, trading, marine food, information and communication technologies, media, financial services, and energy. BEXIMCO's subsidiaries export products to 55 countries worldwide. It has retail outlets in South Asia and Eastern Europe. It is one of the largest private sector employers in Bangladesh with over 70,000 people worldwide.

BEXIMCO operates one of the largest integrated textile production businesses in Asia. Its main manufacturing base is the BEXIMCO Industrial Park in Gazipur, Bangladesh. Beximco Pharma, the group's pharmaceutical producer, was the first Bangladeshi company to be listed on the London Stock Exchange.

History

The company was founded by brothersA. S. F. Rahman and Salman F Rahman in 1972, right after the independence of Bangladesh. Their family was earlier engaged in the jute business. The jute factory was nationalized in the early 1970s. However, with free market reforms in the late 1970s and 1980s, the family regained many of their businesses.

Since the early 1970s, BEXIMCO has been a pioneer in industrial and business sectors. Currently it has operations and investments across a wide range of industries including pharmaceuticals, ceramics, renewable energy, textiles, LPG, food & beverage, satellite to home television, PPE, media, ICT, real estate, financial services, and travel & tourism.

In 2005, Beximco Pharma became the first Bangladeshi company to be listed on the Alternative Investment Market of the London Stock Exchange. BEXIMCO also opened its first overseas retail outlet with the launch of the Yellow clothing brand in Karachi, Pakistan. Yellow has since expanded to several Bangladeshi and Pakistani cities. In 2009, Shinepukur Ceramics opened a showroom in Moscow, Russia. In 2010, the company acquired stakes in several major Bangladeshi businesses, including IFIC Bank and Unique Hotels and Resorts.

Its vice chairman Salman F Rahman was serving as a Private Sector Development Affairs Adviser to Prime Minister and Bangladesh Awami League President Sheikh Hasina, the former Prime Minister of Bangladesh, in the past and as Private Sector Industry and Investment Adviser at the moment. He's now currently arrested as they were attempting to flee by waterway from the Sadarghat area of the capital on Tuesday, 13th August 2024. They are currently charged as instigators for murder of students during the student rising movement in Dhaka.

Recently BEXIMCO with other companies donated 6.93cr to Labour Welfare Fund support to workers in the formal and informal sectors for accidental deaths, treatment of injuries, incurable diseases, and also for the higher education of their children.

In 2023, BEXIMCO Group inaugurated Teesta Solar Limited. However, the plant started supplying power to the national grid in December 2022. The plant has 520,000 solar panels at 600 acres of land at Tarapur Union. The plant has the capacity to produce 200MW of electricity. The plant is located on the bank of the Teesta River.