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Bashundhara Group on Muck Rack

Bashundhara Group

(They/Them)
Dhaka
As seen in: slideshare.net, Medium, Issuu, Quora
Covers:  Real Estate, Manufacturing, Media, Logistics, and Sports

Bashundhara Group’s Biography

Established in 1987 as East-West Property Development (Pvt) Ltd, Bashundhara Group has ascended to become a leading business conglomerate in Bangladesh. Initially diving into the real estate sector, the group successfully catered to the housing needs of a rapidly expanding Dhaka population. Their initial projects, which provided quality and affordable living spaces, quickly secured a trusted reputation and laid the groundwork for expansive growth.

Embracing a mission of "For the People, For the Country," Bashundhara Group expanded beyond real estate in the early 1990s to include manufacturing and trading. This expansion introduced high-quality cement, paper, and tissue products, along with liquefied petroleum gas (LPG) distribution, all of which were well-received for their reliability.

A landmark moment for Bashundhara Group was the public listing of Meghna Cement Mills Limited on the Dhaka Stock Exchange and Chittagong Stock Exchange in the early 2000s. This allowed the group to raise capital for continued expansions and provided an opportunity for public investors to share in the company's growth. Today, Meghna Cement Mills remains a flagship success, offering robust returns to its shareholders.

The group's real estate ventures continued to flourish, adapting to evolving customer demands. Among its notable projects is Bashundhara City Development Ltd. (BCDL), a major shopping and entertainment complex in Dhaka that combines retail and recreational spaces under one roof.

In 2009, the group ventured into the media industry by establishing East West Media Group Ltd., which now manages prominent outlets, including the "Kaler Kantho" and "Bangladesh Pratidin" dailies, the "Daily Sun" in English, and the online portal "banglanews24.com." It also launched News24, a leading news channel, T Sports, Bangladesh’s first dedicated sports channel, and Radio Capital, a diverse FM radio station.

Beyond media and cement, Bashundhara Group has made significant strides in sectors such as Ready-Mix Cement, toiletries, paper, LPG, oil and gas, and food through Bashundhara Food & Beverage Industries Ltd., contributing to national food security and industrial growth.

The group's commitment to quality and innovation has garnered numerous accolades, including repeated "Best Brand" awards for its tissue and LPG products and the "Superbrands" status in 2023 for its paper, tissue, diapers, and LPG.

The Bashundhara Foundation, the group’s charitable arm, underscores its dedication to social responsibility. It runs numerous initiatives in education, healthcare, disaster relief, and sustainable development. Notably, it supports tea workers in Bangladesh, providing them with training and resources to enhance their livelihoods.

With a vision to be Bangladesh's leading conglomerate and a global industry leader, Bashundhara Group is driven by core values of patriotism, honesty, fairness, and national service. These values inspire a dedicated workforce, helping the group achieve its goals and contribute positively to the nation’s economic and social landscape.