Ananta Group

Ananta Group (Bengali: অনন্ত সংস্থা/গ্রুপ) is a Bangladeshi garments conglomerate based in Dhaka.

Ananta Group
Founded1991
HeadquartersDhaka, Bangladesh
Area served
Bangladesh
Key people
[1]
RevenueIncreaseUS$360 million (2022)
Number of employees
26,000
Websiteananta-bd.com

History

Ananta was established in 1991[2] in Dhaka as an export-oriented Ready Made Garment manufacturer by Humayun Zahir.[1] After the death of Humayun Zahir, his wife Qamrun Nahar Zahir took over the company.[1] She is supported by their two children, Sharif Zahir and Asif Zahir, who help her run Ananta Group.[3]

In 2016, the company launched Sindabad.com as an e-commerce site.[4]

Ananta Group invested in Zero Gravity which is the holding company of sindabad.com and Kiksha.com, both of which are e-commerce sites in Bangladesh, on 19 February 2018.[5] In April 2019, Asif Zahir announced plans to merge the seven units of the group to streamline management.[6]

In 2019, the groups annual turnover exceeded US$ 300 million.[1] It operates a green factory.[7] The company was given 250 acres land in Chittagong to establish six factories at the Mirsarai Economic Zone by Bangladesh Economic Zones Authority through a 50 year lease.[8] The company announced plans to invest 35 billion taka to develop the site.[8] In July 2019, Qamrun Nahar Zahir was awarded the Outstanding Woman in Business Award by the annual Bangladesh Business Award, which is organized by The Daily Star and DHL Express.[9] She also received a nomination for an award from Entrepreneurs Organization's Bangladesh chapter for her contribution to the Sustainable Development Goals of the United Nations.[10]

Ananta Group announced plans to invest US$ 25 million in a factory to manufacture lingerie in Chittagong Export Processing Zone on 16 October 2020.[11] The group already owned five factories at the site.[11] Two nominated directors, Khalid Quadir and Anders Stendebakken, CEOs of Brummer & Partners Asset Management in Bangladesh and Singapore respectively serves in the board of directors of Ananta Group.[12]

References
  1. "He dreamt it, she built it". The Daily Star. 2019-07-30. Retrieved 2021-05-31.
  2. https://www.pwc.in/research-insights/2020/bangladesh-family-business-survey-2019/transforming-traditions-ananta-group.html
  3. "Family businesses thrive on values, innovation". The Daily Star. 2019-02-01. Retrieved 2021-05-31.
  4. "Tech heroes triumph in the time of pandemic". The Daily Star. 2020-12-30. Retrieved 2021-05-31.
  5. "Sindabad, Kiksha owner secures funds from Frontier Bangladesh". bdnews24.com. Archived from the original on 2018-02-19. Retrieved 2021-05-31.
  6. "All 7 units of Ananta Apparels to merge". The Daily Star. 2017-04-09. Retrieved 2021-05-31.
  7. "Pandemic slows green finance initiatives". The Daily Star. 2020-12-17. Retrieved 2021-05-31.
  8. "Construction work of Mirsarai Economic Zone on in full swing". Dhaka Tribune. 2019-01-13. Retrieved 2021-05-31.
  9. "Top executives and businesses crowned". Dhaka Tribune. 2019-07-05. Retrieved 2021-05-31.
  10. "3 women entrepreneurs awarded for contribution to achieving SDG 5". Dhaka Tribune. 2019-03-11. Retrieved 2021-05-31.
  11. "Ananta Group to set up $25m lingerie factory in Ctg EPZ". The Daily Star. 2020-10-16. Retrieved 2021-05-31.
  12. "About". Ananta Group. Retrieved 2021-05-31.
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