Deshbandhu Group Explained

Deshbandhu Group is a Bangladeshi diversified conglomerate based in Dhaka.^{[1] [2]} Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group.^{[3] [4]} It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.^[5]

History

Deshbandhu Sugar Mills Limited was established in 1932.^[6] 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.^[7]

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.^[8]

Sahera Auto Rice Mills Limited started operations on 15 March 2012.^[9]

Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015.^[10]

The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District.^[11] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019.^[12] The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017.^[13]

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.^[14]

On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters.^[15] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group.^[16]

Businesses

• Deshbandhu Sugar Mills Limited
• Deshbandhu Food & Beverage Limited^[17]
• Deshbandhu Consumer and Agro Products Limited^[18]
• Sahera Auto Rice Mills Limited^[19]
• Deshbandhu Oil Refinery Limited^[20]
• Deshbandhu Polymer Limited^[21]
• Deshbandhu Packaging Limited^[22]
• Deshbandhu Textile Mills Limited^[23]
• Southeast Sweaters Limited^[24]
• GM Apparels Limited^[25]
• Deshbandhu Cement Mills^[26]
• GM Holdings Limited^[27]
• Rapa Plaza^[28]
• Deshbandhu Parcel and Logistics Limited^[29]
• Deshbandhu Shipping Limited^[30]
• Deshbandhu Media Limited (Weekly Dudkumar, The Daily Haq Kotha, The Daily Ajkaler Khabar Limited)^[31]
• Deshbandhu Power Plant Limited^[32]
• TMS Sahera-Wasek Hospital^[33]
• Fertilizer Marketing Corporation (FMC)^[34]
• M.R. Trading
• Moru Trading Limited
• Commodities Trading Company (CTC)

Notes and References

1. News: 2015-01-22. Big firms to go for rice milling. 2021-06-08. The Daily Star. en.
2. News: 2019-05-20. Commodity Traders Grin in Ramadan. 2021-06-08. The Daily Star. en.
3. News: Two garments of Deshbandhu Group start journey. 2021-06-08. jagonews24.com. en-US.
4. News: 2016-08-11. Sugar consumption on the rise. 2021-06-08. The Daily Star. en.
5. News: 2019-11-20. Commercial activities rampant in Banani residential area. 2021-06-08. Dhaka Tribune.
6. Web site: Deshbandhu Sugar Mills Ltd – Deshbandhu Group. 2021-06-08. en-US.
7. Book: Report of the East Pakistan Sugar Enquiry Committee, 1961-62 . 1963 . East Pakistan Govt. Press . 474010 . 5, 37.
8. Web site: Bangladesh liberalizes outward investment at last. 2021-06-08. Nikkei Asia. en-GB.
9. News: 2012-03-15. Deshbandhu enters rice market. 2021-06-08. The Daily Star. en.
10. News: 2015-09-13. Deshbandhu to build polyester fibre plant. 2021-06-08. The Daily Star. en.
11. News: 2017-07-25. Deshbandhu to set up apparel unit at Tk 435cr in Uttara EPZ. 2021-06-08. The Daily Star. en.
12. News: 2019-08-05. Commerce minister opens RMG factory at Uttara EPZ. 2021-06-08. Dhaka Tribune.
13. News: 2017-10-04. City Group, Deshbandhu get nod to export sugar. 2021-06-08. The Daily Star. en.
14. News: 2018-10-30. China firm keen to invest $200m. 2021-06-08. The Daily Star. en.
15. News: 2021-03-31. Deshbandhu eyes $50m annual RMG exports. 2021-06-08. The Business Standard. en.
16. News: 2021-03-13. Deshbandhu Group: Target $250m from global investors. 2021-06-08. The Daily Star. en.
17. Web site: Deshbandhu Food and Beverage Ltd – Deshbandhu Group. 2021-06-08. en-US.
18. Web site: Deshbandhu Consumer & Agro Products Ltd – Deshbandhu Group. 2021-06-08. en-US.
19. Web site: Sahera Auto Rice Mills Ltd – Deshbandhu Group. 2021-06-08. en-US.
20. Web site: Deshbandhu Oil Refinery Ltd – Deshbandhu Group. 2021-06-08. en-US.
21. Web site: Deshbandhu Polymer Ltd – Deshbandhu Group. 2021-06-08. en-US.
22. Web site: Deshbandhu Packaging Ltd – Deshbandhu Group. 2021-06-08. en-US.
23. Web site: Deshbandhu Textile Mills Ltd – Deshbandhu Group. 2021-06-08. en-US.
24. Web site: Southeast Sweaters Limited – Deshbandhu Group. 2021-06-08. en-US.
25. Web site: GM Apparels Ltd – Deshbandhu Group. 2021-06-08. en-US.
26. Web site: Deshbandhu Cement Mills Ltd – Deshbandhu Group. 2021-06-08. en-US.
27. Web site: GM Holdings – Deshbandhu Group. 2021-06-08. en-US.
28. Web site: Rapa Plaza – Deshbandhu Group. 2021-06-08. en-US.
29. Web site: Deshbandhu Parcel & Logistics Ltd – Deshbandhu Group. 2021-06-08. en-US.
30. Web site: Deshbandhu Shipping Ltd – Deshbandhu Group. 2021-06-08. en-US.
31. Web site: Deshbandhu Media Ltd – Deshbandhu Group. 2021-06-08. en-US.
32. Web site: Deshbandhu Power Plant Ltd – Deshbandhu Group. 2021-06-08. en-US.
33. Web site: TMSS SAHERA-WASEK HOSPITAL – Deshbandhu Group. 2021-06-08. en-US.
34. Web site: Bulk Commodities Trading – Deshbandhu Group. 2021-06-08. en-US.