Karnaphuli Group

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Karnaphuli Group
Company typePrivate
IndustryConglomerate
Founded1954
FounderHedayat Hossain Chowdhury
Headquarters
Chittagong
,
Bangladesh
Key people
Hamdan Hossain Chowdhury (Group Director).[1]
ProductsDistribution, manufacturing, media, retail, shipping, telecommunications[2]
RevenueUSD 270 million[3]
Number of employees
3238[3] (2022)
Websitewww.karnaphuli.com

Karnafuli Group is a Bangladeshi industrial conglomerate.[4][5] The industries under this conglomerate include port, shipping and logistics, media, health care, real estate, automobiles, finance, and insurance.[6] The Managing Director of the group is Saber Hossain Chowdhury, an Awami League member of parliament and son of Hedayet Hossain Chowdhury[7] who is also a director of HRC Group, another Bangladeshi conglomerate.[8]

History

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Karnafuli Group was established in 1954 by Hedayet Hossain Chowdhury.[9] The group is named after the Karnaphuli River.[9] Hedayet Hossain Chowdhury's grandson, Hamdan Hossain Chowdhury, is a director of the group.[10]

In 2014, the group signed an agreement to distribute and service Haojue motorcycles of China in Bangladesh.[11] Karnaphuli Group, Metro Group, and Partex Star Group (Partex Group) founded Sky Telecommunication which launched Zelta mobiles in 2015.[12]

Karnaphuli Group is also involved in container shipping and owns 65 vessels.[13] It operates Chittagong to Colombo and Chittagong to Singapore and Port Klang line.[14][15]

In 2016, the group's partner Hanjin Shipping Lines, a South Korean company, declared bankruptcy in Bangladesh.[16]

List of companies

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Shipping and logistics

  • HR Lines Limited[17]
  • EasyFly Access Limited[10]
  • K&T Logistics Limited

Media

  • Bhorer Kagoj - Daily Bengali newspaper[18]
  • Diner Sheshey - evening Bengali newspaper[18]
  • The New Paper- English daily newspaper[18]
  • Desh TV- Bengali TV channel

Healthcare

Real estate

  • Karnaphuli Garden City[20]

Financials

  • Republic Insurance Company Limited (RICL)

Telecommunication

  • Voicetel

Trading

  • Karnaphuli Works Limited[21]

See also

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References

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