Top 10 richest companies in Bangladesh. Update in 2022

Top 10 richest companies in Bangladesh. Update in 2022

The toughest aspect for an investor to do before beginning an investment journey is choosing a company. Your money will be lost if the company isn't up to par. Therefore, it is a really crucial matter.

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Finding the best investment companies as a Bangladeshi investor can be difficult because there are so many companies to invest in. But the difficulty is in selecting the right company. Here are some best company lists for you to follow.

1. PRAN-RFL GROUP

Do you know what PRAN stand for? it stands for “Program for Rural Advancement Nationally”. By the meaning of PRAN, it is clear that PRAN is for developing the rural economy and agro-based products.

Retired Major General Amjad Khan Chowdhury started PRAN's journey in 1981. Surprisingly, now it is one of the largest food product corporations in Bangladesh and exported to 138 countries
 

which is really great news. So, Today, PRAN is the largest food and beverage manufacturer company in Bangladesh.

On the other hand, let’s talk about the RFL previously called ‘Rangpur Foundry Limited’ started its operation in 1980 with cast iron. It is nice to know that RFL is the market leader in Cast Iron, PVC and Plastic Items.
 

RFL is continuously increasing its product line recently and very surprisingly Its first shipment was worth 3 million USD. Another great news is that PRAN exported $231 million in 2017.

Their biggest markets for this group are India, Malaysia, Saudi Arabia, UAE & Oman and also export cassava to New Zealand.

2. ACI GROUP

ACI stands for “Advance Chemical Industries”. ACI is one of the leading companies in Bangladesh and it is founded by Mr. M Anis Ud Dawla in 1968, in East Pakistan. The previous name was ICI which stands for “of Imperial Chemical Industries”.

It has three segments-

  • Pharmaceuticals,
     
  • Consumer Brands and
     
  • Agribusiness.

3. NAVANA GROUP

Navan is one of the leading companies in Bangladesh and it is founded by Mr. Jahurul Islam in 1964, in East Pakistan. Actually, Mr. Jahurul Islam started his business journey in 1953 with a construction company named Bengal Development Corporation and

then he rapidly grew his business whose modern name is Navana group. Navana has around 15 types of industries and at present, it is directed by the new Chairman of NAVANA Group, Mr. Shafiul Islam Kamal.
 

Moreover, it started another separate group named Islam Group after the death of its Chairman. Navana group has several companies and diversified its activities in various areas.

They have companies such as construction and real estate business, product and project marketing, international trading, distribution and production of various items which make them a significant point in the business arena of Bangladesh.

4. ABUL KHAIR GROUP

Abul Khair Group is one of the leading companies in Bangladesh. It is founded by Mr. Abul Khair in 1953 in East Pakistan. First, it was a Cottage Industry in 1953, after that famous for its tobacco and, it started its journey as a tobacco marketing.

It is based in Chittagong. Now this group is dealing with various productions like cement, steel, ceramics, cigarettes and food products. It is a very fast-moving group of companies and growing rapidly as an industrial conglomerate in Bangladesh.

5. BASHUNDHARA GROUP

Bashundhara Group is one of the leading companies in Bangladesh, and it is founded by Akbar Sobhan in 1987.

As a beginner company, it was a real estate company venture under the name of East West Property Development Limited (EWPD).

After getting success from East West Property Development Limited (EWPD), they have started a huge variety of projects, and today it operates over 20 major concerns and going on more and more.
 

It is great news that Bashundhara Group got permission from Bangladesh Government to set up their economic zone in Karanigang, Dhaka.

Bashundhara City is the second-largest shopping mall in Bangladesh, and it is going to be a big media house in Bangladesh.

6. BEXIMCO GROUP

BEXIMCO is one of the leading companies and a Multinational Company in Bangladesh. It is founded by two brothers – Ahmed Sohali Faisur Rahman and ASF Rahman in 1970.

Since 1970, BEXIMCO is a fast-growing company in Bangladesh to the world through modern textile, pharmaceuticals, ceramics and information technology.

It is expanding its business very rapidly and exporting its products to 103 countries.
 

It was a great achievement of BEXIMCO that it is the first Bangladeshi company to be listed on the London Stock Exchange.

It is famous all over south Asia for its integrated textile and Garment Company and export-oriented company. For example, BEXIMCO’s pharmaceutical products are exported to 45 countries.

7. SQUARE GROUP

SQUARE is one of the leading companies and a Multinational Company in Bangladesh. It is founded by Samson H Chowdhury and his 3 friends in 1958 as a private firm and then it went public in 1991.

Now Square is holding a strong and first position for many years continuously in the pharmaceutical industry.
 

Square Group is a fast-growing company in Bangladesh to the world through Health products, pharmaceuticals, toiletries and textiles, IT and a few more. The yearly turnover of Square Group is 616 million USD.

8. CITY GROUP

City Group is one of the leading companies in Bangladesh, and it is founded by Fazlur Rahman in 1972.

It is very interesting that it started its journey as a mustard oil company venture under the name City Oil Mills in 1972 but now they have 40 major concerns in Bangladesh.

City group got a reward as Worlds Prestigious UK-based Superbrand Award 2009.

9. PARTEX GROUP

PARTEX Group is one of the leading companies in Bangladesh, and MA Hashem founded it in 1959. PARTEX Group is a fast-growing company in Bangladesh, with different brands in foods and beverages, steel, real estate, furniture, agribusiness, plastics, etc.

10. ANANDA GROUP

ANANDA Group is one of the leading companies in Bangladesh, and Abdullahel Bari FARINA founded it in 1983. Interestingly, it started its journey as Ananda Shipyard & Slipways Ltd in Bangladesh,

which is its renowned concern. They now have more business units in Bangladesh, including heavy engineering, textiles, and real estate.
 

I researched the market before listing this company. However, I can't promise that working with this company would simply result in only financial gain,

you can also lose your money here. Depending on your skill and strategy, you could win or lose. So, think before your doing.

My opinion here is to invest in the forex market. It’s a popular source of income now. You can easily handle it with the help of a broker. My experience with AssetsFX is just amazing because this platform provides consistently low spreads from 0.0 pips, a lighting-fast execution service, and multilingual customer support.

I hope your investments are successful.

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