KDS Group is a business and industrial conglomerates of Bangladesh, which is based in Chittagong[1] but with extensive operations in Dhaka as well.[2] It has also established offices and agencies in India, Hong Kong and is currently expanding into Europe and North America.[3] It is one of the largest private sector employers in Bangladesh.
 | |
| Company type | Private company |
|---|---|
| Industry | Conglomerate |
| Founded | 1983 |
| Founder | Khalilur Rahman |
| Headquarters | 255 Nasirabad I/A Baizid Bostami Road, , Bangladesh |
Key people | Khalilur Rahman (Chairman) |
| Products | Garments, textile, trims and packaging, steel, logistic and shipping |
| Revenue |  US$150 million (2012) |
Number of employees | 25000 |
| Website | http://www.kdsgroup.net/ |
History edit
The group was founded in 1983, through the establishment of one of the first garments industries of Bangladesh.[4] The founder of the group was Khalilur Rahman.[4]
KDS Textiles was established in 2000.[4] The same year, KDS Steel established KYCR Coil Industries Limited.[4] In 2001, the Cold Rolling Mills Complex was established by KDS group.[5]
In March 2009, KDS Logistics began operations of its Inland Container Depot near Chittagong Port.[6] The group had invested three billion BDT to establish the depot.[6] The Group was awarded the national export trophy in 2010 by Prime Minister Sheikh Hasina.[7]
KDS Accessories established a new factory in Gazipur District in September 2016.[8]
In February 2017, Khalilur Rahman, chairman of KDS Group, was elected chairman of AIBL Capital Market Services Limited, a subsidiary of Al-Arafah Islami Bank.[9] It announced plans to invest 10 million USD in the Bangabandhu Hi-Tech City.[10]
The Department of Environment implicated KDS Textile Mills Limited of polluting Halda River in a report of the agency.[11] In November 2019, KDS Accessories approved 15 per cent dividend for stock holders.[12]
In August, the managing director of the group, Salim Rahman, was made the chairman of Al-Arafah Islami Bank.[13]
KDS Accessories Limited profit increased 6 per cent in 2022 from 2021.[14] The rising cost of raw materials had reduced the bottom line for the company.[15]
Businesses edit
- KDS Textiles[4]
- KDS Garment Industries Limited[4]
- KDS Hi-Tec Garments BD Limited[4]
- KDS Apparels Limited[4]
- KDS Fashion Limited[4]
- HN Garments Limited[4]
- KDS Accessories[4]
- KYCR Coil Industries Limited[4]
- KDS Steel[4]
- KY Steel Mills Limited[4]
- KDS Logistics[4]
- KDS Properties Limited[4]
- National Bank Limited (founding shareholder)[4]
- Al-Arafah Islami Bank Limited (founding shareholder)[4]
- Northern insurance Limited[4]
- Pragati Insurance Limited[4]
- Skys Securities Limited[4]
References edit
- ^ Khan, Jasim Uddin (6 March 2008). "New pvt inland container depots in Chittagong". The Daily Star. Retrieved 25 January 2023.
- ^ "Tk 300cr logistics yard set for launch". The Daily Star. 16 March 2009. Retrieved 26 August 2018.
- ^ "KDS group to set up Tk 1400cr HR coil, sugar refinery plants". New Age. Dhaka. Archived from the original on 22 December 2005.
- ^ a b c d e f g h i j k l m n o p q r s t u "KDS". www.kdsgroup.net. Retrieved 25 January 2023.
- ^ "Corrugated sheets shine". archive.thedailystar.net. Retrieved 25 January 2023.
- ^ a b "Tk 300cr private ICD starts operation in Chittagong today". The Daily Star. 21 March 2009. Retrieved 25 January 2023.
- ^ "Prime Minister Sheikh Hasina presents the national export trophy to KDS Group Chairman Khalilur Rahman at Osmani Memorial Auditorium in Dhaka yesterday". archive.thedailystar.net. Retrieved 25 January 2023.
- ^ "KDS Accessories eyes Tk 100cr from new unit". The Daily Star. 28 September 2016. Retrieved 25 January 2023.
- ^ "Khalilur Rahman elected chairman of AIBL Capital Market". The Daily Star. 28 February 2017. Retrieved 25 January 2023.
- ^ "Nine firms get land at Bangabandhu Hi-Tech City". The Daily Star. 26 September 2018. Retrieved 25 January 2023.
- ^ Yousuf, Mostafa (22 March 2019). "Big industries killing Halda". The Daily Star. Retrieved 25 January 2023.
- ^ Staff Correspondent; Ctg (8 November 2019). "KDS Accessories approves 15pc dividends". The Daily Star. Retrieved 25 January 2023.
- ^ "Al-Arafah bank gets new chairman, vice-chairman". The Daily Star. 11 August 2021. Retrieved 25 January 2023.
- ^ "KDS Accessories' profit up 6pc". The Daily Star. 4 October 2022. Retrieved 25 January 2023.
- ^ "Raw material price hike eats into KDS Accessories profits". The Business Standard. 2 October 2022. Retrieved 25 January 2023.