T K Group of Industries

The T K Group of Industries is a Bangladeshi industrial Conglomerate known for its vegetable oil business.[2][3] It also has interests in steel, shipbuilding, pulp and paper, plastics, cement, and textiles.[4] The conglomerate is headquartered in Chittagong. The group is one of the top VAT payers in the country.[5]

T. K. Group of Industries
TypePrivate
IndustryConglomerate
Founded1972 (1972)
Founder
  • Mohammed Abu Tayab[1]
  • Mohammed Abul Kalam
HeadquartersChittagong, Bangladesh
Key people
Products
Brands
  • PUSTI
  • HILSA
  • RANNA
  • MAF-SHOES
  • PREMIER CEMENT
  • OCTODI INDUSTRIES
  • SAMUDA CHEMICALS
  • SUPER BOARD
  • TRADEVISOR LIMITED
Revenue{Increase৳25800 crore (US$2.8 billion) (2021)
Number of employees
12,000
Websitetkgroupbd.com

History

T. K. Group of Industries was established in 1972 as a trading company by two brothers, Mohammed Abu Tayab, and Mohammad Abul Kalam.[6] The brothers started the business with a two thousand taka grant from their father.[7] It is the largest producer of edible oil products in the country.[8] The annual turnover of the group is over US$ 5 billion.

TK Group established Samuda Chemical Complex Limited in 2006.[9]

In December 2007, the group donated 1 million BDT to a relief fund established by Bangladesh Army.[10]

Super Petrochemical Private Limited, a subsidiary of T K Group of Industries, signed an agreement to Bangladesh Economic Zones Authority to establish an oil refinery and a LPG terminal in Moheshkhali Upazila in September 2017.[11] It launched Eagle Dhewtin (corogated iron sheets)) in October.[12]

Chairman of T. K. Group of Industries, Mohammed Abu Tayab, died in February 2018 in United Hospital Limited, Dhaka.[13]

In May 2019, a mobile court of Rapid Action Battalion fined T K Group of Industries subsidiary Super Oil Refinery Limited, which makes Pusti Oil, 7.5 million BDT for selling expired oil.[14] Bangladesh Standards and Testing Institution had found adulteration in Pusti mustard oil produced by Shabnam Vegetable Oil Industries Limited, another subsidiary of T K Group of Industries.[14]

T K Group of Industries announced plans to invest 17.44 billion BDT in Bangabandhu Sheikh Mujib Shilpa Nagar in September 2020.[3] Samuda Food Products Limited, a sister concern of T K Group of Industries, announced plans to invest 205.28 million USD to establish factories in Bangabandhu Sheikh Mujib Shilpa Nagar.[15] During the COVID-19 pandemic in Bangladesh, TK Group donated 20 ventilators to Chattogram Field Hospital, Chattogram General Hospital, Chattogram Medical College Hospital, Parkview Hospital, and Surgiscope Hospital.[16]

In 2021, T K Group of Industries had a turnover of 258 billion BDT.[7] In January, Samuda Food Products Limited started construction in Bangabandhu Sheikh Mujib Shilpa Nagar.[17]

Shabnam Vegetable Oil Industries, a subsidiary of T K Group of Industries, received a government contract to supply five thousand ton lentils to the Trading Corporation of Bangladesh in May 2022.[18] Mohammad Abul Kalam, director of T. K. Group of Industries, is a director of North South University.[19] Samuda Construction Limited, located in Bangabandhu Sheikh Mujib Shilpa Nagar, started production in October.[20]

T K Group of Industries announced plans to establish a rice mill in Naogaon District in 2023.[21]

Enterprises

T.K group has around 20 major concerns:

Edible oil

  • Bay Fishing Corporation Ltd.
  • Shabnam Vegetable Oil Industries Ltd.[22]
  • Super Oil Refinery Ltd[23]

Steel

  • Karnafully (Galv) Mills Ltd.
  • Karnafully Steel Mills Ltd.

Board

  • Super Board Mills Limited
  • Super Formica and Lamination Limited
  • T. K. Chemical Complex Ltd.[24]

Paper

  • T. K. Paper Products Ltd.
  • Progressive Containers Ltd.

Packaging & containers

  • Samuda Containers Ltd.
  • T. K. Gas and Gas Cylinder Ltd.

Tea

  • Baramasia Tea Estate
  • Elahinoor Tea Estate
  • Rangapani Tea Estate

Textile

  • Chin Hung Fibres Ltd.
Headquarters of TK Group

Ship building

  • T. K. Shipyard Limited

Trading & food

  • T.K Consumer Products limited-has two admiring brands PUSTI and FAMILY.[25]‘PUSTI’ is one of the leading consumer brands of Bangladesh from the house of T.K. Group of Industries. Being one of the largest conglomerates of the country, T.K. Group introduced ‘PUSTI’ to remain with the social commitment to the country-men. Keeping the promise in the core ‘PUSTI’ stands for “Products of Utmost Standard, Trust, and Innovations”.

Shares & securities

  • T.K. Shares & Securities Ltd.

Construction

  • Tradevisor Limited

Vehicle

  • MAF Motors

Associates enterprises

T.K Group of Industries has over 15 major associates business sectors:

  • Samuda Chemical Complex Limited[26]
  • Super Knitting & Dying Mills Limited
  • Super Thread Limited
  • Super Synthetic Limited
  • Mohammadi Trading Co. Limited
  • Bangladesh Timber & Plywood Industries Limited
  • MAF News Print Mills Limited
  • MAF Shoes Limited[27]
  • Tradevisor Limited[28]
  • Modern Hatchery Limited
  • Modern Power Co. Limited
  • Modern Fibers Industries Limited
  • Modern Polly Industries Limited
  • Masud & Brothers
  • Rubi Food Products Limited
  • Uni-Trade
  • Premier Cement Mills Limited[29]
  • Asia Insurance Limited
  • Riff Leather Limited
  • Tradevisor Limited
  • MAF Motors

Achievements

T.K Group's brands had secured the heart of the people of Bangladesh for a few decades. This group has awarded many awards national and international since its journey began. It has been awarded many times as "Standard Chartered Trade Awards",[30] "Best Brand Award"[31] for the contribution to the growth of the country's export and import market.

See also

References
  1. "About Us". T. K. Group of Industries. Retrieved 29 March 2019.
  2. "'Most large enterprises were born through Janata Bank'". The Business Standard. 10 April 2023. Retrieved 19 April 2023.
  3. Chakma, Jagaran (29 September 2020). "TK Group to invest Tk 1,744cr at Bangabandhu Shilpa Nagar". The Daily Star. Retrieved 19 April 2023.
  4. "Land acquisition hinders industrialisation". The Daily Star. 18 March 2013. Retrieved 29 March 2019.
  5. Hussain, Anwar (5 August 2017). "Half of Chittagong Customs House revenue income comes from top 100 firms". Dhaka Tribune.
  6. zaman. "About T.K. Group – TK Group". Retrieved 19 April 2023.
  7. "Freedom fuels rise of corporate Bangladesh". The Business Standard. 15 December 2021. Retrieved 19 April 2023.
  8. "Ecnec clears 12 projects, including one to raise cost of Padma Bridge construction". The Financial Express. Retrieved 19 April 2023.
  9. "About Us – Samuda". Retrieved 19 April 2023.
  10. Bss, Dhaka (11 December 2007). "More donation to army relief fund". The Daily Star. Retrieved 19 April 2023.
  11. "TK Group to set up refinery, LPG terminal". The Daily Star. 11 September 2017. Retrieved 19 April 2023.
  12. "MA Kalam, Managing Director of TK Group of Industries Limited, inaugurating its new product". The New Nation. Retrieved 19 April 2023.
  13. Staff Correspondent; Ctg (11 February 2018). "MA Tayab passes away". The Daily Star. Retrieved 19 April 2023.
  14. Correspondent, Senior. "Pusti fined Tk 7.5 million for rebottling expired edible oil". bdnews24.com. Retrieved 19 April 2023.
  15. "Samuda Food to invest $205m at Bangabandhu Shilpa Nagar". Dhaka Tribune. 29 September 2020. Retrieved 19 April 2023.
  16. "TK Group donates 20 ventilators to Chattogram hospitals". The Business Standard. 19 June 2020. Retrieved 19 April 2023.
  17. "Samuda Food starts constructing factory in Bangabandhu Shilpa Nagar". The Business Standard. 8 January 2021. Retrieved 19 April 2023.
  18. "TK subsidiary to sell 5,000 tonnes of lentils to govt". The Daily Star. 27 May 2022. Retrieved 19 April 2023.
  19. "NSU Board of Trustees recast". The Daily Star. 17 August 2022. Retrieved 19 April 2023.
  20. "14 factories to go into operations in economic zones". New Age | The Most Popular Outspoken English Daily in Bangladesh. Retrieved 19 April 2023.
  21. Parvez, Sohel (25 January 2023). "Meghna Group of Industries, TK Group enter rice milling". The Daily Star. Retrieved 19 April 2023.
  22. "Member Details: Shabnam Vegetable Oil Industries Ltd". Dhaka Chamber of Commerce & Industry. Archived from the original on 16 March 2018. Retrieved 29 March 2019.
  23. "Member Details: Super Oil Refinery Limited". Dhaka Chamber of Commerce & Industry. Archived from the original on 29 March 2019. Retrieved 29 March 2019.
  24. "Caustic soda export to India comes to a halt". The Daily Star. 13 July 2018. Retrieved 29 March 2019.
  25. "T K Group's Pusti national confce held". The Financial Express. Retrieved 19 April 2023.
  26. "Chemical exporters appeal against India's anti-dumping duty". The Daily Star. 29 September 2017. Retrieved 29 March 2019.
  27. "Maf Shoes to be pioneer in export sector". Daily Sun. Retrieved 29 March 2019.
  28. "Home". tradevisorbd.com.
  29. "Local cement companies thriving over multinationals". Dhaka Tribune. 11 November 2018. Retrieved 29 March 2019.
  30. "StanChart honours 12 business icons". The Daily Star. 31 March 2019.
  31. http://bangladeshbrandforum.com/best-brand-award/Best Brand Award
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