Top 10 Group of Companies in Bangladesh

Top 10 Group of Companies in Bangladesh

Bangladesh, a South Asian country, is experiencing remarkable economic growth driven by a thriving private sector. With a population of 160 million, Bangladesh has emerged as one of the top 10 fastest-growing economies globally. This growth is largely attributed to successful companies within the country. In this article, we will explore the top 10 companies in Bangladesh, examining their history, products, and services, and their significant impact on the nation’s economy.

These companies, particularly conglomerates, hold substantial economic influence and actively contribute to addressing key economic challenges such as export diversification, productivity enhancement, and the expansion of industries to create more job opportunities for the people of Bangladesh. Notably, Bangladesh achieved its highest-ever GDP growth of 7.86 percent in the fiscal year 2017-18, thanks to rapid industrial expansion and the abundance of business prospects throughout the country.

Top 10 Group of Companies in Bangladesh

The multi-industry companies are a huge asset to Bangladesh. They not only play a major role in our country’s economy but also represent Bangladesh on the global platform. Here is a list of the top ten groups of companies in Bangladesh.

List Of Top 10 Group Of Companies

  • Bashundhara Group
  • Akij Group
  • Beximco Group
  • S Alam Group
  • City Group
  • Walton
  • Abul Khair Group
  • Pran-RFL Group
  • Meghna Group
  • Ahsan Group Limited

1. Bashundhara Group

Bashundhara Group, originally known as “East-West Development Company” (EWPD), has emerged as a prominent and influential conglomerate in Bangladesh since its establishment in 1987 by Ahmed Akbar Sobhan. With diversified business interests spanning real estate, cement manufacturing, paper and pulp, steel, sports, LP gas, FMCG products, and media, Bashundhara Group now encompasses over 30 major concerns, including East-West Property Development, Bashundhara Cement Industries Limited, East West Media Group, Social Islami Bank Limited, Bashundhara Kings, Rangpur Riders, and Bashundhara City shopping mall.

Bashundhara Group

Headquartered in Dhaka, the capital city, the group employs more than 50,000 individuals and is renowned for iconic projects such as Bashundhara City shopping mall and International Convention Center Bashundhara – both are the largest in South Asia and Meghna Cement Mills Ltd., one of the leading cement manufacturer in Bangladesh. Notably, Bashundhara Group owns popular news outlets like “Bangladesh Pratidin,” “Daily Sun,” “News 24,” and “Daily Kalerkantho.” Expanding its operations globally, the group has established subsidiaries in Malaysia, Singapore, and the United Arab Emirates. Acknowledged for its significant contributions to Bangladesh’s economy and unwavering commitment to corporate social responsibility, Bashundhara Group has received numerous awards and accolades.

2. Akij Group

Established in 1940 by Sheikh Akijuddin, Akij Group has emerged as a prominent industrial conglomerate in Bangladesh. Boasting a workforce of over 70,000 employees, the company has become one of the largest in the country, making significant contributions to both local and international markets. Operating across various industries such as tobacco, food and beverage, cement, ceramics, textiles, pharmaceuticals, and consumer products, among others, Akij Group showcases its expertise and commitment to quality. This diversified portfolio enables the company to cater to a wide range of customer needs. Recognized for its exceptional products and services, Akij Group has received numerous accolades and has played a vital role in Bangladesh’s economic growth.

Akij Group

In 2009, the company contributed 2% of the country’s total budget, making it the largest local taxpayer at the time. While allegations of involvement in illegal activities have been leveled against Akij Group, including tax evasion and money laundering, the company consistently denies these claims, emphasizing its adherence to legal practices and regulations. With a commitment to innovation, quality, and a diverse range of businesses, Akij Group remains a prominent player in Bangladesh’s corporate landscape. Guided by a strong legacy and a continuous pursuit of excellence, the group is dedicated to serving its customers and contributing to the nation’s growth.

3. Beximco Group

Beximco Group, a renowned multinational conglomerate based in Bangladesh, was founded in 1970 by brothers Ahmed Sohail Faisur Rahman and ASF Rahman. With a workforce of over 60,000 employees, the group has established itself as a diversified industrial powerhouse. Notably, Beximco Group holds the distinction of being the first Bangladeshi company listed on the London Stock Exchange. The group has made significant contributions across various sectors, including textiles, pharmaceuticals, ceramics, and information technology. In the textile industry, Beximco is a major player, manufacturing cotton and blended yarns, denim fabrics, and home textiles that are exported to over 50 countries worldwide.

Beximco Group

Beximco Pharmaceuticals, a subsidiary of the group, is one of the largest pharmaceutical companies in Bangladesh, with a wide range of branded generics and patented drugs. The company’s research and development capabilities have further solidified its presence in more than 50 countries. Beximco Group also operates through sister concern companies in different segments, such as Beximco Foods, Beximco Computers, and Shinepukur Holdings, expanding its reach and impact. The group has received numerous awards and accolades for its outstanding business performance and commitment to corporate social responsibility. With its remarkable growth, diversified operations, and global presence, Beximco Group continues to lead as a prominent conglomerate in Bangladesh, playing a pivotal role in the country’s economic development.

4. S Alam Group

Established in 1985 by Mohammed Saiful Alam, S. Alam Group has emerged as a prominent industrial and commercial conglomerate in Bangladesh. Operating across multiple sectors such as C.I Sheets, Color coated Iron sheets, Cement, Vegetable oil, C.R Coil, Soya Seed extraction, Public Transport, Gas Refueling Station, P.P Woven Bags, Agro farms, Natural gas, heavy oil, furnace oil, and power generation, the group has made substantial investments in large-scale power projects. Notably, S. Alam Group holds the distinction of introducing Bangladesh’s first private-sector TV channel, Ekushey Television.

S Alam Group

Under the group’s umbrella, key concerns include S Alam Soya Seed Extraction Plant Ltd, Alam Vegetable Oil Limited, Alam Super Edible Oil Limited, Alam Refined Sugar Industries Ltd, S Alam Steel Ltd, S Alam Cement Ltd, S Alam Power Plant Ltd, and E, among others. With its dedicated focus on specialized investments and contributing to the country’s economic development, S. Alam Group continues to play a significant role in various sectors of Bangladesh’s economy.

5. City Group

City Group, a renowned Bangladeshi conglomerate established in 1972, has experienced remarkable growth and diversification. Starting with City Oil Mills Ltd, founded by Fazlur Rahman, the group now operates in various sectors including consumer goods, foods, steel, printing & packaging, shipping, power & energy, shares & securities, insurance, media, and healthcare. With 40 subsidiary companies and over 10,000 employees, City Group is a powerhouse in the business world. Its impact on Bangladesh’s economy is substantial, with a strong presence in sectors like food, beverage, real estate, and consumer products. The group’s popular FMC brands include Radhuni, Teer, and Meizan.

City Group

Beyond business, City Group actively engages in philanthropy through its City Foundation, supporting education, healthcare, and disaster relief. The group also owns and operates prestigious hotels and resorts in Bangladesh, such as The Westin Dhaka and Pan Pacific Sonargaon Hotel. Overall, City Group’s growth, diverse portfolio, popular brands, and commitment to philanthropy have solidified its position as a leading conglomerate in Bangladesh, contributing to the country’s economy and making a positive impact on society.

6. Walton

Initially, Walton started its journey as a local business conglomerate under the name R. B. Group founded by SM Nazrul Islam in 1977. After his demise, Walton has become a company of five brothers. They started to produce and market electricals, electronics, automobiles, smartphones, and other appliances under the name “Walton” in 2000. This is how Walton Group came into being. Walton Group has one of the largest well-equipped R & D facilities in the world. With over 20,000 employees the company has 22 production bases on 680+ acres of land.


It has established itself as the biggest tech giant in Bangladesh as Walton now occupies 66% share of the refrigerator market, 50% share of the television market, and 33% share of the air conditioner market. Walton Group has 8 sister concerns including Walton Hi-Tech Industries Limited, Walton Micro-Tech Corporation, Walton Digi-Tech Industries Limited, and Walton Motors. This company is now valued at USD 4.5 billion, with yearly revenue of roughly USD 1 billion.

7. Abul Khair Group

Abul Khair Group established by Mr. Abul Khair in 1953, has emerged as a highly respected and influential conglomerate in Bangladesh. From its humble beginnings as a small tobacco trading business, the company has grown into one of the country’s largest and most successful corporations. With a global workforce of approximately 45,000 employees, Abul Khair Group operates across diverse sectors, including steel production, cement manufacturing, consumer goods, tobacco products, and ceramics. Its subsidiary, Abul Khair Steel, holds a prominent position in the steel industry and contributes significantly to Bangladesh’s construction sector. The conglomerate also owns renowned consumer brands such as Frutika, Super Star, and Royal Tulip. Demonstrating a strong commitment to social responsibility, the establishment of the Abul Khair Foundation highlights their focus on healthcare, education, and disaster relief initiatives

Abul Khair Group

The group’s products are renowned for their exceptional quality, earning widespread recognition both domestically and internationally. Through its pursuit of innovation and sustainability, Abul Khair Group has received numerous accolades and awards, solidifying their reputation for excellence. From a small tobacco trading business to a billion-dollar conglomerate, Abul Khair Group’s success story is attributed to the visionary leadership of Mr. Abul Khair and the dedication of its employees. With a diverse portfolio, strong social responsibility, and unwavering commitment to excellence, Abul Khair Group continues to shape the business landscape in Bangladesh and beyond.

8. Pran-RFL Group

Pran-RFL Group, a prominent conglomerate in Bangladesh established in 1981 by Amjad Khan Chowdhury, has made a significant impact across various industries. Headquartered in Dhaka, the company’s agribusiness division stands out as the largest in the country, providing a wide range of products from fresh fruits and vegetables to processed foods like juices, snacks, and dairy items. With complete control over the supply chain through its own farms and advanced processing facilities, PRAN-RFL Group ensures the highest quality for its customers. In the plastics sector, the company manufactures a diverse range of household items, furniture, and packaging materials, investing in cutting-edge technology to guarantee top-notch quality.

Pran-RFL Group

Venturing into electronics, PRAN-RFL Group produces a comprehensive selection of electronic goods under the brand name Marcel, including televisions, refrigerators, and air conditioners, with a state-of-the-art manufacturing facility capable of producing over one million televisions annually. The group also excels in the furniture division, offering a variety of office furniture, home furniture, and kitchen cabinets known for their durability, quality, and contemporary design. With its extensive reach and diverse product portfolio, PRAN-RFL Group remains a major player in Bangladesh’s business landscape. The conglomerate is recognized for its commitment to delivering excellence in every sector, establishing itself as a symbol of trust and innovation both within the country and beyond.

9. Meghna Group

Founded by Mr. Mostafa Kamal in 1976, Meghna Group of Industries is a highly diversified and influential business conglomerate in Bangladesh. From its humble beginnings as Kamal Trading Company, it has grown into Meghna Vegetable Oil Industries Ltd. in 1989 and expanded into the manufacturing and marketing of fast-moving consumer goods (FMCG) and commodities. With over four decades of history, Meghna Group operates 36 manufacturing units and employs over 35,000 dedicated individuals. Its industrial units span various sectors, including FMCG, cement, commodities, chemicals, seed crushing, fish and poultry feed, power generation, salt, bottled water, and industrial products. The group has achieved exceptional financial performance, with sales turnover surpassing $2 billion in 2017 and reaching approximately $2.5 billion annually.

Meghna Group

Meghna Group excels in the cement, edible oil, paper, and steel industries, operating subsidiaries like Meghna Cement Mills Ltd., Unique Cement Industries Ltd., Meghna Seeds Crushing Mills Ltd., and Meghna Edible Oils Refinery Ltd. The group also contributes significantly to the consumer goods sector through renowned brands like Fresh, No.1, and Pure. Beyond business, Meghna Group fulfills its social responsibility through healthcare services, education promotion, and disaster relief efforts. Its remarkable contributions have earned it prestigious awards, including the Best Enterprise Award from the Government of Bangladesh, the Prime Minister’s Award for Industrial Development, and the National Export Trophy. With its rich history, diverse portfolio, and commitment to societal welfare, the Meghna Group of Industries plays a vital role in the economic growth and development of Bangladesh.

10. Ahsan Group Limited

Founded by A S M Quamrul Ahsan in 1986, Ahsan Group Limited has emerged as a diversified business conglomerate in Bangladesh over the past 36 years. Although they started as a small textile business, they have expanded their operations into a wide range of other industries like construction, logistics, agro, and IT.  The group prioritizes creating meaningful connections for users by implementing a thoughtful strategy and fostering innovation. This approach allows the company to deliver value and meet the evolving needs of its customers.

Ahsan Group Limited is a force to be reckoned with in the global business landscape. With a workforce of over 18,000 employees and annual revenues of $120 million, Ahsan Group Limited is a major player in the global economy.

Ahsan Group

Nowadays, Ahsan Group Limited is more than just a successful business. It is also a symbol of hope and opportunity for Bangladesh. The group’s success has shown that anything is possible if you have the drive and determination to succeed.

Other Notable Mentions

Navana Group

Navana Group, a prominent conglomerate in Bangladesh with a history of over five decades, operates across various sectors including automobiles, construction, real estate, hospitality, and healthcare. Navana Toyota, the authorized distributor of Toyota vehicles in Bangladesh, has established a strong presence with showrooms, service centers, and spare parts outlets nationwide. The group’s subsidiary, Navana Construction Limited, has successfully executed numerous large-scale projects in residential, commercial, and industrial domains. Navana Real Estate Limited has developed prestigious projects in prime locations across Dhaka and other major cities. The group also owns and manages hotels, resorts, and restaurants, including the renowned Radisson Blu Dhaka Water Garden.

Navana Group

Navana Group recognizes the importance of healthcare and operates state-of-the-art medical facilities, exemplified by Navana Healthcare Limited’s top-tier hospital. The company actively engages in social welfare and charitable initiatives, exemplified by the establishment of the Jahurul Islam Medical College and Hospital, catering to underprivileged individuals. Through its diverse portfolio and commitment to excellence, Navana Group contributes significantly to Bangladesh’s economic growth and social development.

Transcom Group

Transcom Group started its operation in Bangladesh in 1985 as a tea plantation company. Gradually they shifted to high-tech production, worldwide trade, and distribution. The businesses cover segments like beverages, pharmaceuticals, newspapers, radio channels, electronics, foods, etc. TRANSCOM has risen to become Bangladesh’s largest media company in recent years. With more than 20,000 employees Transcom Group is one of the oldest groups of companies in Bangladesh and making its mark in 54 countries. They have many sister concern companies including Transcom Electronics Ltd, Transcom Foods Ltd, Transcom Beverages Ltd, Transcom Mobile Ltd, Tea & Rubber Farms, and many more.

Transcom Group

TK Group

Mohammed Abu Tayab and Mohammed Abul Kalam co-founded TK Group in 1972. They started their journey in commodity trading and gradually launched new ventures in the manufacturing and marketing of consumer and industrial products. TK Group is the largest producer of edible oil products in the country. They cover segments like steel, shipbuilding, pulp and paper, plastics, cement, and textiles. TK Group has around 20 major concern companies under its wing. This organization has received several national and international awards. In 2019, it received several “Standard Chartered Trade Awards.” Bangladesh is home to a number of huge conglomerates with extensive holdings in a variety of industries.

TK Group

And some of these companies have already established themselves as global corporations across the world, representing Bangladesh. Undoubtedly these multi-industry companies benefit the country and its citizens by organizing numerous social events and providing jobs for many individuals.

Jamuna Group

Started as Jamuna Electric Manufacturing Co. Ltd, now Jamuna Group is one of Bangladesh’s leading electrical accessory and fittings manufacturers. It was founded in 1974 by Nurul Islam Babul, a Bangladeshi pioneer industrialist and politician. It has built a lot of successful businesses in a variety of industries including garments & textiles, print & electronic media, consumer products, leathers, chemicals, electronics, engineering, beverage, real estate, housing, etc. They have more than 20 concern companies under their umbrella.

Jamuna Group

ACI Group Limited

Let’s talk about another leading conglomerate in Bangladesh, ACI Group Limited. ACI, the “Advanced Chemical Industries,” is founded by Mr. M Anis Ud Dawla in 1968 in East Pakistan. Pharmaceuticals, consumer brands, and agribusiness are the major segments that ACI operates under. With over 8,384 employees, ACI is producing and markets almost everything a consumer needs in their daily life. They are trading 5000 patent products in 10 countries across 3 continents. The products include antiseptics, kitchen care, fabric care, surface care, foods, female hygiene, men’s grooming, baby care, agri-machinery, and many more. The list of ACI’s sister concern companies is long and among them, ACI Consumer Brands, ACI Motors Limited, ACI Fertilizer, ACI Pharmaceuticals, and ACI Salt Ltd are the most popular ones.

ACI Group Limited

Square Group

We have another top pharmaceutical conglomerate to mention in this list, Square Group. It was founded by Samson H Chowdhury and his 3 friends in 1958. However, this private firm went public in 1991. From health, textiles, and agro-vet products, to consumer products, Square Group is successfully manufacturing high-quality products in all these segments. There are many subsidiary companies under the Square group, and among them, Square Pharmaceuticals Ltd, Square Hospitals Ltd, and Square Food & Beverage Limited are the most popular ones. They have 28,000 employees working for them all around the world.

Square Group

Wrapping Up

In conclusion, Bangladesh stands tall as a country with a thriving private sector and a rapidly growing economy. The top 10 companies in Bangladesh contribute immensely to the nation’s economic prosperity and are instrumental in overcoming various challenges. As we explore the fascinating stories behind these companies, their diverse range of products and services, and their remarkable impact on the economy, we gain a deeper understanding of Bangladesh’s journey toward sustainable development and progress.

Leave a Comment