Deshbandhu Group
{{Short description|Bangladeshi multinational conglomerates}}
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| formation = 1932
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| headquarters = Dhaka, Bangladesh
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| region_served = Bangladesh
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| language = Bengali
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| revenue = Tk 2,400 crore
{{increase }}US$290 million (2020)
| website = {{URL|https://www.dbg.com.bd/}}
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Deshbandhu Group ({{Langx|bn|দেশবন্ধু গ্রুপ}}) is a Bangladeshi diversified conglomerate based in Dhaka.{{Cite news |date=2015-01-22|title=Big firms to go for rice milling|url=https://www.thedailystar.net/big-firms-to-go-for-rice-milling-61085|access-date=2021-06-08|work=The Daily Star|language=en}}{{Cite news |date=2019-05-20|title=Commodity Traders Grin in Ramadan|url=https://www.thedailystar.net/business/news/commodity-traders-grin-ramadan-1746130|access-date=2021-06-08|work=The Daily Star|language=en}} Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group.{{Cite news |title=Two garments of Deshbandhu Group start journey|url=https://www.jagonews24.com/en/business/news/55239|access-date=2021-06-08|work=jagonews24.com|language=en-US}}{{Cite news |date=2016-08-11|title=Sugar consumption on the rise|url=https://www.thedailystar.net/business/sugar-consumption-the-rise-1267792|access-date=2021-06-08|work=The Daily Star|language=en}} It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.{{Cite news |date=2019-11-20|title=Commercial activities rampant in Banani residential area|url=https://www.dhakatribune.com/bangladesh/dhaka/2019/11/20/commercial-activities-rampant-in-banani-residential-area|access-date=2021-06-08|work=Dhaka Tribune}}
History
Deshbandhu Sugar Mills Limited was established in 1932.{{Cite web|title=Deshbandhu Sugar Mills Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-sugar-mills-limited/|access-date=2021-06-08|language=en-US}} In the early 1960s, it was the smallest of East Pakistan's eight sugar mills, with a rated production capacity of 2,500 tons annually, and was uneconomic.{{cite book |title=Report of the East Pakistan Sugar Enquiry Committee, 1961-62 |year=1963 |publisher=East Pakistan Govt. Press |oclc=474010 |pages=5, 37}}
In 2011, Deshbandhu sought approval from the government of Bangladesh to establish a sugar mill in Thailand or Brazil but was denied permission from Bangladesh Bank.{{Cite web|title=Bangladesh liberalizes outward investment at last|url=https://asia.nikkei.com/Economy/Bangladesh-liberalizes-outward-investment-at-last|access-date=2021-06-08|website=Nikkei Asia|language=en-GB}}
Sahera Auto Rice Mills Limited started operations on 15 March 2012.{{Cite news |date=2012-03-15|title=Deshbandhu enters rice market|url=https://www.thedailystar.net/news-detail-226314|access-date=2021-06-08|work=The Daily Star|language=en}}
Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015.{{Cite news |date=2015-09-13|title=Deshbandhu to build polyester fibre plant|url=https://www.thedailystar.net/business/deshbandhu-build-polyester-fibre-plant-142348|access-date=2021-06-08|work=The Daily Star|language=en}}
The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District.{{Cite news |date=2017-07-25|title=Deshbandhu to set up apparel unit at Tk 435cr in Uttara EPZ|url=https://www.thedailystar.net/business/deshbandhu-set-apparel-unit-tk-435cr-uttara-epz-1438369|access-date=2021-06-08|work=The Daily Star|language=en}} The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019.{{Cite news |date=2019-08-05|title=Commerce minister opens RMG factory at Uttara EPZ|url=https://www.dhakatribune.com/business/2019/08/05/commerce-minister-opens-rmg-factory-at-uttara-epz|access-date=2021-06-08|work=Dhaka Tribune}} The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017.{{Cite news |date=2017-10-04|title=City Group, Deshbandhu get nod to export sugar|url=https://www.thedailystar.net/business/city-group-deshbandhu-get-nod-export-sugar-1471171|access-date=2021-06-08|work=The Daily Star|language=en}}
Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October 2018.{{Cite news |date=2018-10-30|title=China firm keen to invest $200m|url=https://www.thedailystar.net/business/news/china-firm-keen-invest-200m-1653709|access-date=2021-06-08|work=The Daily Star|language=en}}
On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters.{{Cite news |date=2021-03-31|title=Deshbandhu eyes $50m annual RMG exports|url=http://www.tbsnews.net/economy/rmg/deshbandhu-eyes-50m-annual-rmg-exports-224908|access-date=2021-06-08|work=The Business Standard|language=en}} Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group.{{Cite news |date=2021-03-13|title=Deshbandhu Group: Target $250m from global investors|url=https://www.thedailystar.net/frontpage/news/deshbandhu-group-target-250m-global-investors-2059537|access-date=2021-06-08|work=The Daily Star|language=en}}
Businesses
- Deshbandhu Sugar Mills Limited
- Deshbandhu Food & Beverage Limited{{Cite web|title=Deshbandhu Food and Beverage Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-food-and-beverage-ltd/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Consumer and Agro Products Limited{{Cite web|title=Deshbandhu Consumer & Agro Products Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-consumer-agro-products-ltd/|access-date=2021-06-08|language=en-US}}
- Sahera Auto Rice Mills Limited{{Cite web|title=Sahera Auto Rice Mills Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/sahera-auto-rice-mills-ltd/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Oil Refinery Limited{{Cite web|title=Deshbandhu Oil Refinery Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-oil-refinery-ltd/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Polymer Limited{{Cite web|title=Deshbandhu Polymer Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-polymer-ltd/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Packaging Limited{{Cite web|title=Deshbandhu Packaging Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-packaging/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Textile Mills Limited{{Cite web|title=Deshbandhu Textile Mills Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-textile-mills-ltd/|access-date=2021-06-08|language=en-US}}
- Southeast Sweaters Limited{{Cite web|title=Southeast Sweaters Limited – Deshbandhu Group|url=https://www.dbg.com.bd/southeast-sweaters-limited/|access-date=2021-06-08|language=en-US}}
- GM Apparels Limited{{Cite web|title=GM Apparels Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/gm-apparels/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Cement Mills{{Cite web|title=Deshbandhu Cement Mills Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-cement-mills-ltd/|access-date=2021-06-08|language=en-US}}
- GM Holdings Limited{{Cite web|title=GM Holdings – Deshbandhu Group|url=https://www.dbg.com.bd/gm-holdings/|access-date=2021-06-08|language=en-US}}
- Rapa Plaza{{Cite web|title=Rapa Plaza – Deshbandhu Group|url=https://www.dbg.com.bd/rapa-plaza/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Parcel and Logistics Limited{{Cite web|title=Deshbandhu Parcel & Logistics Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-parcel-logistics/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Shipping Limited{{Cite web|title=Deshbandhu Shipping Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-shipping/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Media Limited (Weekly Dudkumar, The Daily Haq Kotha, The Daily Ajkaler Khabar Limited){{Cite web|title=Deshbandhu Media Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/services-media/|access-date=2021-06-08|language=en-US}}
- Deshbandhu Power Plant Limited{{Cite web|title=Deshbandhu Power Plant Ltd – Deshbandhu Group|url=https://www.dbg.com.bd/deshbandhu-power-plant-ltd/|access-date=2021-06-08|language=en-US}}
- TMS Sahera-Wasek Hospital{{Cite web|title=TMSS SAHERA-WASEK HOSPITAL – Deshbandhu Group|url=https://www.dbg.com.bd/sahera-waseque-hospital/|access-date=2021-06-08|language=en-US}}
- Fertilizer Marketing Corporation (FMC){{Cite web|title=Bulk Commodities Trading – Deshbandhu Group|url=https://www.dbg.com.bd/services-bulk-commodities-trading/|access-date=2021-06-08|language=en-US}}
- M.R. Trading
- Moru Trading Limited
- Commodities Trading Company (CTC)
References
{{reflist}}
Category:1932 establishments in India
Category:Organisations based in Dhaka
Category:Conglomerate companies of Bangladesh
{{Bangladesh-org-stub}}