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Walton Group
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Walton Group
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 Walton Hi-Tech Industries PLC.
With over 30,000 employees, Walton operates more than 1,000 retail stores under the brand name "Walton Plaza" and has an international presence in China, India, and the United States.
The company has presence in consumer electronics, real estate, and retail sectors. In 2019, it was ranked as the second-largest corporate donor in Bangladesh by the CSR Centre and Sustainability Excellence. Walton is the largest[as of?] tech company in Bangladesh by market cap.[citation needed]
Walton was founded by S.M Nazrul Islam. Nazrul started his career as a small businessman. After the Bangladesh Liberation War of 1971, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group. At that time, they used to import televisions. The company made its debut in 2008 as the Walton Group by starting refrigerator manufacture. When S.M Nazrul Islam died in 2017, his eldest son S.M Nurul Alam Rezvi took over as the chairman of the company.
In April 2017, Walton established the country's first compressor manufacturing factory.
In January 2018, Walton opened a computer assembly plant. At the same time it began exporting laptops to Nigeria.
The company expanded into TV export market to around 14 countries in Europe, including Germany, Denmark, Ireland, Poland, Greece, Spain, Croatia, Italy and Romania.
In February 2020, Walton started exporting handsets to the United States as a Bangladeshi original equipment manufacturer company to an American brand, otherwise known as "contract manufacturing".
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Walton Group
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 Walton Hi-Tech Industries PLC.
With over 30,000 employees, Walton operates more than 1,000 retail stores under the brand name "Walton Plaza" and has an international presence in China, India, and the United States.
The company has presence in consumer electronics, real estate, and retail sectors. In 2019, it was ranked as the second-largest corporate donor in Bangladesh by the CSR Centre and Sustainability Excellence. Walton is the largest[as of?] tech company in Bangladesh by market cap.[citation needed]
Walton was founded by S.M Nazrul Islam. Nazrul started his career as a small businessman. After the Bangladesh Liberation War of 1971, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group. At that time, they used to import televisions. The company made its debut in 2008 as the Walton Group by starting refrigerator manufacture. When S.M Nazrul Islam died in 2017, his eldest son S.M Nurul Alam Rezvi took over as the chairman of the company.
In April 2017, Walton established the country's first compressor manufacturing factory.
In January 2018, Walton opened a computer assembly plant. At the same time it began exporting laptops to Nigeria.
The company expanded into TV export market to around 14 countries in Europe, including Germany, Denmark, Ireland, Poland, Greece, Spain, Croatia, Italy and Romania.
In February 2020, Walton started exporting handsets to the United States as a Bangladeshi original equipment manufacturer company to an American brand, otherwise known as "contract manufacturing".