Navana Group

In 1996, Navana Group under Shafiul Islam Kamal as chairman emerged as a separate legal entity from Islam Group one year after the death of its Chairman Jahurul Islam (entrepreneur), older brother of Kamal, which was then the largest business group in Bangladesh.[2]

Navana Group established Navana furniture on 29 May 2002.[5]

In 2004, Navana Group launched Navana CNG Limited.[6] Navana Limited started import and selling of Hino Motors AK1J bus from Japan.[7]

In 2007, Judge Mohammad Azizul Haque of the Metropolitan Sessions Judge's Court ordered the confiscation of all properties of Saiful Islam Suman, a director of Navana Group, over the sale of a duty free car.[8] Navana Group handed over 2 million BDT to the relief fund of Bangladesh Army Chief of Staff General Moeen U Ahmed.[9]

In February, Aftab Auto shares rose significantly in value on the Dhaka Stock Exchange as rumors spread that Navana CNG would be listed on the Dhaka Stock Exchange.[10] In May, Navana CNG Limited applied for permission to directly list on the Dhaka Stock Exchange.[11] On 9 September 2009, Bangladesh Securities and Exchange Commission began an investigation into the trades of Navana CNG, a subsidiary of Navana Group.[12]

Navana Group opened La Tarte on Gulshan Avenue near Gulshan One in July 2017.[4] Simplex-Navana joint venture constructed the second Dharla Bridge.[13]

In 2018, Navana Group sought to reschedule their outstanding loans which stood at 52.03 billion BDT from 30 different banks.[14] The group received a government bailout.[15] The government approved the request in 2020 and provided 5 billion BDT in additional working capital for the group to operate.[14]

In April 2021, Wahed Azizur Rahman was appointed CEO of Navana Group.[16] Navana Group won the Toyota Marketing Excellence Award from Toyota in 2021.[17] In 2022, Navana Group launched a 10 year business plan to recover from the financial crises of the group.[18] Aftab Automobiles Limited stopped manufacturing motorcycles in October 2022.[19] Navana Pharma received permission for an IPO from the Bangladesh Securities and Exchange Commission.[20]

The companies of Navana Group are listed below:[21]

• Navana Automobiles Limited[22] markets Mahindra and Toyota vehicles in Bangladesh.[23] (They are the only agent of Toyota in Bangladesh under Navana Limited.[24])
• Aftab Automobiles Limited,[25] a sister concern of Navana Group mainly a vehicle assembling and small parts manufacturing company. The company has been marketing Toyota & HINO vehicles for Bangladesh market since 1982, recently launched HINO -Mini bus.[26]
• NAVANA Batteries Limited.[27]
• Navana Real Estate Limited.[28]
• Navana Construction Limited.[29]
• Navana Building Products Limited[30]
• Navana Textiles Limited.
• Navana Interlinks Limited.[31]
• Navana Biponon Limited.[32]
• Navana Distributions Limited.
• Navana Electronics Limited.[33]
• Navana Taxi Cab Co. Limited.
• Navana Renewable Energy Limited.[34]
• Navana Logistics Limited[35]
• Navana Petroleum Limited[36]
• Navana Engineering Limited.[37]
• Navana CNG Limited, a sister concern of Navana Group, is the leading CNG service provider of Bangladesh.[38]
• Navana LPG Limited[39]
• Navana Welding Electrode Limited[40]
• Navana Furniture Limited[41]
• Navana Foods Limited is the franchise holder of Gloria Jean's Coffees and La Tarte.[42][43]
• Navana Engineering.[44]

• List of companies of Bangladesh