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Consumer services Airlines Dhaka: 2005 Private airline, defunct 2016 [10] P D United Finance: Financials Financial services Dhaka: 1989 Financial services P A United Group: Conglomerates - Dhaka: 1978 Power, manufacturing, healthcare, education, real estate, shipping, retail services P A US-Bangla Airlines: Consumer services Airlines Dhaka ...
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] M. A. Hashem also founded two leading private banks in Bangladesh – The City Bank and United Commercial Bank Limited (UCB).
United Enterprises & Company Limited (UECL), or most commonly known as United Group, is one of the largest Bangladeshi industrial conglomerates. [4]United Group was established by Hasan Mahmood Raja [5] and his four friends in Dhaka in 1978. [4]
SS Power Limited, a concern of S Alam Group, allegedly laundered $815.78 million (around Tk 10,000 crore) from Bangladesh between 2019 and 2023 through misuse of two Letters of Credit (LCs) meant for importing capital machinery for a 1320MW coal-based power plant in Chattogram.
In April 2017, the Government of Bangladesh provided permission to Doreen Power Generation & Systems and Doreen Power House & Tech to build a 115MW rental power plant in Chandpur District. [17] City Bank limited financed the construction of 53.9-megawatt power plant in Munshiganj District with US$26 million on 26 December 2017.
Walton Group (Bengali: ওয়ালটন; stylised as WALTON) is a Bangladeshi multinational electronics conglomerate headquartered in Bashundhara Residential Area, Dhaka. It was founded in 1977 by S.M. Nazrul Islam and operates in consumer electronics, home appliances, mobile phones, automobiles, and retail. The group's flagship company is ...
The company is now under the Power Division of the Bangladesh Ministry of Power, Energy and Mineral Resources [4] and serving a total number of 604,304 consumers as of 31 December 2013. [5] Md. Selim Uddin, rank of additional secretary, is the chairperson of DESCO and Engr. Md. Kausar Ameer Ali is the managing director. [6]
City Group was established by Fazlur Rahman, a business magnate in the private sector of Bangladesh. City Group began on 6 February 1972 as a mustard oil company venture. [ 3 ] After its first project, City Group invested in new fields, including manufacturing , industry and trading .