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BEXIMCO
Bangladesh Export Import Company Limited (Bengali: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড), commonly known by its trade name BEXIMCO (Bengali: বেক্সিমকো), 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 has diversified operations and investments across multiple industries, including textiles, pharmaceuticals, personal protective equipment (PPE), ceramics, real estate development, construction, trading, marine food, information and communication technologies (ICT), 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 was one of the largest private sector employers in Bangladesh, with over 70,000 people worldwide, until it laid off 30,000 employees (nearly 75% of its workforce) in December 2024 due to lack of orders and banking support. It also suffered a Tk 1.13 billion loss in the July-September 2024 quarter.
Beximco Pharma, the group's pharmaceutical producer, was the first Bangladeshi company to be listed on the London Stock Exchange.
The company was founded by brothers A. 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.
In October 2021, BEXIMCO, along with two other companies, Robi and Meghna Petroleum, 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.
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BEXIMCO
Bangladesh Export Import Company Limited (Bengali: বাংলাদেশ এক্সপোর্ট ইমপোর্ট কোম্পানি লিমিটেড), commonly known by its trade name BEXIMCO (Bengali: বেক্সিমকো), 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 has diversified operations and investments across multiple industries, including textiles, pharmaceuticals, personal protective equipment (PPE), ceramics, real estate development, construction, trading, marine food, information and communication technologies (ICT), 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 was one of the largest private sector employers in Bangladesh, with over 70,000 people worldwide, until it laid off 30,000 employees (nearly 75% of its workforce) in December 2024 due to lack of orders and banking support. It also suffered a Tk 1.13 billion loss in the July-September 2024 quarter.
Beximco Pharma, the group's pharmaceutical producer, was the first Bangladeshi company to be listed on the London Stock Exchange.
The company was founded by brothers A. 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.
In October 2021, BEXIMCO, along with two other companies, Robi and Meghna Petroleum, 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.