Meghna Group of Industries

Meghna Group of Industries (MGI) is one of the largest Bangladeshi industrial conglomerates.[4] The industries under this conglomerate include chemicals, cement, consumer products, real estate, insurance, securities, utilities etc.[5]

Not to be confused with Meghna Group.
Meghna Group Of Industries
TypePrivate
IndustryConglomerate
Founded1976 (1976) in Dhaka, Bangladesh
FounderMostafa Kamal
Headquarters
Gulshan, Dhaka
,
Bangladesh
Key people
Mostafa Kamal (Chairman & Managing Director)[1]
ProductsFMCG, Building Materials, Besic & Petro Chemicals, Economic Zones, Logistics, Energy & Power, Pulp & Paper, Stationeries, Seeds Crushing, Feeds, Printing & Packaging, Fibre, PET Bottles, LPG, Aviation, Shipping, Real Estate, Financial Institutions, Media, Hospitality, Information Technology [2]
RevenueIncrease৳25,000 Crore
US$3 billion (2019)
Number of employees
50,000[3] (2023)
Websitemgi.org

History

Meghna Group traces its origins to Kamal Trading Company which was established in 1976 by Mostafa Kamal.[6][7] It expanded through the establishment of Meghna Vegetable Oil Industries Limited in 1989.[8]

In 1996, Meghna Group established the Bangladesh National Insurance Company Limited.[9]

Meghna Group established United Fibre Industries Limited in 1999.[10]

In 2001, Meghna Group established United Feeds Limited to produce poultry feed.[11]

Meghna Group established Tanveer Polymer Industries Limited in 2002.[10]

Meghna Group established Tasnim Chemical Complex Limited and Everest CNG Refueling & Conversion Limited in 2009.[12][13]

Meghna Group founded Meghna Aviation Limited in 2011 as a helicopter rental service.[14] It established Ekattor TV in 2011.[15]

In 2016, Meghna Group announced plans to build a PVC factory in Meghna Economic Zone, the first private economic zone in Bangladesh.[16][17]

Meghna Group launched Sonargaon Steel Fabricate Limited in 2017.[18] Meghna Sugar Refinery Limited received 82 million USD loan from a consortium of German Development Finance Institution, FMO, Oesterreichische Entwicklungsbank AG, and the Islamic Corporation for the Development of the Private Sector.[19] It announced a 300 million USD investment in Meghnaghat economic zone to build 11 new manufacturing units.[20]

In 2021, Meghna Group established Fresh Ceramics with a five billion BDT investment in Ashariar Char to build the manufacturing unit.[21][22] It launched two transport ships, MV Meghna Adventure and MV Meghna Princess.[23]

In April 2022, Meghna Group announced plans to build Cumilla Economic Zone at a 250 acre site with a 1.2 billion BDT investment.[24]

In 2023, Meghna Group invested 7 billion BDT to establish a rice mill and a rice bran oil plant in Bogra District.[25]

In 2023, MGI adds four new oceangoing vessels to fleet.[26]

Subsidiaries
  • Fresh (fast moving consumer goods)[27]
  • Meghna Vegetable Oil Industries Limited[8]
  • Meghna Sugar Refinery Limited[19]
  • Meghna Beverage[7]
  • Unique Cement Fiber Industries[7]
  • Fresh Cement[28]
  • Sonargaon Steel Fabricate Limited[18]
  • Sonargaon Green Concrete Bricks and Blocks[29]
  • Kamal Trading Company[6]
  • Fresh Ceramics[21]
  • Tasnim Chemical Complex Limited[12]
  • Meghna PVC Limited[30]
  • Meghna Economic Zone[31]
  • Meghna Industrial Economic Zone Limited[32]
  • Cumilla Economic Zone[33]
  • Everest CNG Refueling & Conversion Limited[13]
  • MGI Transport and Logistics[34]
  • Fresh LPG[35]
  • Meghna Power[36]
  • Meghna Pulp & Paper Mills Limited[37]
  • Fresh exercise books[38]
  • Fresh Paper[39]
  • Meghna Ballpen & Accessories Mfg. Limited[40]
  • Sonargaon Printing & Packaging Industries Limited[41]
  • Meghna Foil Packaging Limited[42]
  • Fresh Happy Nappy Diaper[43]
  • United Feeds Limited[11]
  • Soya Bean & Rape Seed processing plant[44]
  • Meghna Seeds Crushing Mills Limited[45]
  • United Fibre Industries Limited[10]
  • Tanveer Polymer Industries Limited[10]
  • Meghna Aviation Limited[14]
  • Meghna Shipping[46]
  • Bangladesh National Insurance Company Limited[9]
  • Dhaka Securities Limited[47]
  • Meghna Hotel and Resorts[48]
  • The Central Hospital Limited[49]
  • The Barakah General Hospital Limited[49]
  • Meghna Information Technology[50]
  • Meghna Properties Limited[51]
  • Ekkator Television[15]

See also

References
  1. "Board of Directors". Meghna Group of Industries. Archived from the original on 23 December 2013.
  2. মেঘনাপারের জাদুকর. Prothom Alo (in Bengali).
  3. Sajjadur Rahman (26 March 2018). "Meghna sets up eight new plants for $300m". The Daily Star.
  4. "Business with a vision". The Daily Star. 2016-10-25. Retrieved 2016-10-29.
  5. "Meghna opens five new units". The Daily Star. 2012-04-29. Retrieved 2016-10-29.
  6. "Construction Stone". mgi.org. Retrieved 2023-02-21.
  7. Rahman, Sajjadur (2017-05-20). "Meghna Group keeps roaring". The Daily Star. Retrieved 2023-02-22.
  8. "About | Meghna Group of Industries". www.mgi.org. Retrieved 2023-02-22.
  9. "Financial Institutions". mgi.org. Retrieved 2023-02-22.
  10. "Fibre". mgi.org. Retrieved 2023-02-22.
  11. "Feeds". mgi.org. Retrieved 2023-02-22.
  12. "Basic Chemicals". mgi.org. Retrieved 2023-02-21.
  13. "CNG Refueling & Conversion". mgi.org. Retrieved 2023-02-22.
  14. "Aviation". mgi.org. Retrieved 2023-02-22.
  15. "Media". mgi.org. Retrieved 2023-02-22.
  16. Meghna to build PVC plant at its economic zone. The Daily Star. 2016-08-24. Retrieved 2023-02-22.
  17. Chowdhury, Sarwar A. (2016-07-21). Meghna Group to get go-ahead for first private economic zone. The Daily Star. Retrieved 2023-02-22.
  18. "Steel". mgi.org. Retrieved 2023-02-21.
  19. "Meghna bags $82m foreign loan for sugar plant". The Daily Star. 2018-11-28. Retrieved 2023-02-22.
  20. Rahman, Sajjadur (2018-03-26). "Meghna sets up eight new plants for $300m". The Daily Star. Retrieved 2023-02-22.
  21. "Ceramics". mgi.org. Retrieved 2023-02-21.
  22. "Meghna Group enters ceramic sector". The Daily Star. 2021-08-23. Retrieved 2023-02-22.
  23. "Meghna Group launches two oceangoing vessels". The Daily Star. 2021-03-11. Retrieved 2023-02-22.
  24. "Meghna to set up economic zone in Cumilla". The Daily Star. 2022-04-11. Retrieved 2023-02-22.
  25. Hossain, Moinul (2023-01-25). "Meghna Group of Industries, TK Group enter rice milling". The Daily Star. Retrieved 2023-02-22.
  26. Hossain, Moinul (2023-02-26). "Meghna Group adds four new oceangoing vessels to fleet". The Daily Star. Retrieved 2023-03-20.
  27. "Edible Oil". mgi.org. Retrieved 2023-02-21.
  28. "Cement". mgi.org. Retrieved 2023-02-21.
  29. "Bricks & Blocks". mgi.org. Retrieved 2023-02-21.
  30. "Petrochemicals". mgi.org. Retrieved 2023-02-21.
  31. "Meghna Economic Zone". mgi.org. Retrieved 2023-02-21.
  32. "Meghna Industrial Economic Zone". mgi.org. Retrieved 2023-02-21.
  33. "Cumilla Economic Zone". mgi.org. Retrieved 2023-02-22.
  34. "Transport & Logistics". mgi.org. Retrieved 2023-02-22.
  35. "LPG". mgi.org. Retrieved 2023-02-22.
  36. "Power Generation". mgi.org. Retrieved 2023-02-22.
  37. "Tissue Paper". mgi.org. Retrieved 2023-02-22.
  38. "Exercise Book". mgi.org. Retrieved 2023-02-22.
  39. "Printing and Writing Paper". mgi.org. Retrieved 2023-02-22.
  40. "Ball Pen". mgi.org. Retrieved 2023-02-22.
  41. "Corrugated Packaging". mgi.org. Retrieved 2023-02-22.
  42. "Foil Packaging". mgi.org. Retrieved 2023-02-22.
  43. "Diaper". mgi.org. Retrieved 2023-02-22.
  44. "Seeds Crushing". mgi.org. Retrieved 2023-02-22.
  45. "Seeds Crushing". mgi.org. Retrieved 2023-02-22.
  46. "Shipping". mgi.org. Retrieved 2023-02-22.
  47. "Capital Market". mgi.org. Retrieved 2023-02-22.
  48. "Hospitality". mgi.org. Retrieved 2023-02-22.
  49. "Health Care". mgi.org. Retrieved 2023-02-22.
  50. "Information Technology". mgi.org. Retrieved 2023-02-22.
  51. "Real Estate". mgi.org. Retrieved 2023-02-22.
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