City Group

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City Group
TypePrivate
IndustryConglomerate
Founded6 February 1972 as City Oil Mills[1]
FounderMR. FAZLUR RAHMAN
HeadquartersCity House, House # NW(J) 06, Road # 51, Gulshan-2, Dhaka- 1212, Bangladesh
Key people
Fazlur Rahman (Chairman & Managing Director) Md. Hasan (Director)
ProductsConsumer goods, foods, steel, printing & packaging, shipping, power & energy, shares and securities, insurance, media, healthcare etc.
BrandsTEER, BENGAL, JIBON, NATURAL, SUN
RevenueIncrease৳25000 crore (US$2.7 billion) (2021)
Number of employees
15,000+ (2021)
Websitehttps://citygroup.com.bd/

City Group (Bengali: সিটি গ্রুপ) is one of the largest Bangladeshi conglomerates. It began on 6 February 1972 as a mustard oil company venture under the name City Oil Mills. The first project of City Oil Mills turned out to be very successful. After then, the company grew very quickly. It presently owns more than 25 major concerns located throughout Bangladesh. Now City Group stands as one of top ten business houses in Bangladesh.[2]

History

City Group was established by Fazlur Rahman, a business magnate in the private sector of Bangladesh. City Group began on 6 February 1972 as a mustard oil company venture.[3] After its first successful project, City Group invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included consumer goods, foods, steel, printing & packaging, shipping, power and energy, shares and securities, insurance, media, and healthcare.[4]

On 4 October 2017, the Government of Bangladesh approved the export of 57,273 tones of Sugar by Deshbandhu Group and City Group.[5]

Controversy

On 14 July 2022, A Chattogram court issued an arrest warrant for City Group Chairman Fazlur Rahman, in a case filed by the Bangladesh Standards and Testing Institution (BSTI) for not maintaining standard Vitamin A levels in soybean and palm oils.

Prior to that, on October 20, 2019, BSTI inspector Rajiv Dasgupta filed a case as the group’s “Teer” oil failed to pass the "Vitamin-A" test in BSTI lab. In the case statement, the allegation was brought against Fazlur Rahman saying that he violated the government order and act by not following edibles oil fortification with Vitamin A Act-2013. [6]

List of companies

City Group now operates over 25 major concerns:

  • City Oil Mills[7]
  • City Re-rolling Mills
  • City Vegetable Oil Mills Ltd.
  • City Fibers Ltd.
  • Hasan Plastic Industries Ltd.
  • Hasan Flour Mills Ltd.
  • Hasan Printing & Packaging Ltd.
  • Hasan Containers Ltd.
  • City Navigations Ltd.
  • City PET Industries Ltd.
  • Shampa Oil Mills Ltd.
  • City Dal Mills Ltd.
  • Farzana Oil Refineries Ltd.
  • VOTT Oil Refineries Ltd.
  • City Feed Products Ltd.
  • Deepa Food Products Ltd.
  • City Seed Crushing Industries Ltd.
  • City Salt Industries Ltd.
  • City Sugar Industries Ltd.
  • C.S.I Power & Energy Ltd.
  • Rahman Synthetics Ltd.
  • Hamida Plastic Industries Ltd.
  • Shampa Flour Mills Ltd.
  • Hasan Securities Ltd.
  • City Bran Oil Ltd.
  • Dhaka Insurance Ltd.[8]
  • Somoy Media Ltd.[9]
  • Asgar Ali Hospital Ltd.
  • Speech Bubble Communications Ltd.
  • New Sagurnal Tea Co. Ltd. Juri, Moulovibazar.
  • Nahar Tea Estate, Sreemongal, Moulovibazar.
  • Chandpur Belgaon Tea estate, Banskhali, Chittagram.
  • Rupshi Flour Mills Ltd
  • City Edible Oil Ltd

See also

References

  1. ^ "City Group : Timeline". Archived from the original on 29 October 2016. Retrieved 4 May 2014.
  2. ^ "Jamuna Bank Ltd". www.jamunabankbd.com. Retrieved 29 October 2016.
  3. ^ "City Group: Timeline". www.citygroup.com.bd. Archived from the original on 29 October 2016. Retrieved 29 October 2016.
  4. ^ "Bottled soybean oil up, as refiners renege on promises". Thefinancialexpress-bd.com. 24 July 2012. Retrieved 20 October 2013.
  5. ^ "City Group, Deshbandhu get nod to export sugar". The Daily Star. 4 October 2017. Retrieved 8 June 2021.
  6. ^ "Ctg court issues arrest warrant against City Group chairman". www.thedailystar.net. 14 July 2022. Retrieved 14 July 2022.
  7. ^ "City Group : Concerns". www.citygroup.com.bd. Archived from the original on 29 October 2016. Retrieved 29 October 2016.
  8. ^ "View Chairman". www.dhakainsurancebd.com. Retrieved 29 October 2016.
  9. ^ "Islami Bank Bangladesh Ltd: News & Events". www.islamibankbd.com. Retrieved 29 October 2016.
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