1. ORGANIZATION’SPROFILE:
Bangladesh is a young and developing nation with long history and culture.
Over the last 20 years, Bangladesh has seen consistent GDP growth of above
5%. It is projected to become a middle income country by the year 2021. Today,
Bangladesh is the 44th largest economy in the world. Goldman Sachs, a leading
Investment Bank, has included Bangladesh in the next 11 countries known as
the N-11 as one of the emerging economies of the world after the BRIC nations
of Brazil, Russia, India and China. Similarly, Price Waterhouse Coopers (PWC)
has added Bangladesh in PWC30 list as one of the long term potential growth
economy of the World by 2050.
ORGANIZATION’SBACKGROUND& HISTORY:
A.K. Khan & Company Ltd. is one of the oldest and most renowned private
sectororganizations in Bangladesh. Late Mr. Abul Kasem Khan, popularly
known as A.K. Khan, established the company after the Second World War in
1945. Mr. A.K. Khan started his business from Chittagong, and after India and
Pakistan separated in 1947, Chittagong emerged as the foremost port city and
business center of the country. Within a decade, A.K. Khan and Company
Limited became a leading industrial powerhouse and a major contributor to the
national economy.
2. FOUNDED: Second World War in 1945.
FOUNDER: Mr. Abul Kasem Khan (late)
ABOUTHIM:
Mr. A.K. Khan is an unforgettable name and a unique personality in the arena
of the industry, commerce and politics of Bangladesh. Deep religious sense of
taste, unstinted patriotism and sincere feeling for people made him a man of
great honor and personality. He has gained the respect of all for his generous
personality. He was the able descendantof Sherbaz Khan, son of Shamsher
Khan, Minister of Gaor in the 16th century. A.K. Khan was the pioneering and
leading industrialist of the country. Later on in his life he was appointed as
Cabinet Minister during 1958-1962. He had also drafted the declaration of
independence of Bangladesh, which was read on 27th March 1971 by Major
Zia-Ur Rahman on behalf of Bangabandhu Sheikh Mujibur Rahman.He died on
31 March 1991.
KEY PEOPLES:
Abul Kashem Khan (Founder Chairman, 1945-1991),
Salahuddin Kasem Khan(Managing Director)
PRODUCT, SALES& DISTRIBUTION:
3. In the early 1950s, Mr. A.K. Khan established Insurance Company, Financial
Institution as well as manufacturing industries in Textiles, Jute, Plywood,
Tannery, Heavy Electrical Goods, Shipping and Irrigation. From 1980s the
Company started to grow through Joint Ventures (JV) with renowned
Multinational Companies in Textile, Telecommunication, Community Based
Water project and Deep Sea Fishing, Tyre, Agro, Forestry ,logistics, securities
and stock, Telecom & IT, Hotel & Hospitality, ICT & Logistics, Real Estate
ORGANIZATION’SACHIEVEMENT
1945
•A. K. Khan & Company Ltd. was established
1945-1958
•8 new companies were setup
1958-1962
•A. K. Khan became Federal Minister
1979
•Bengal Fisheries Ltd. was established
1982
•Most of the nationalized units were returned
1989
•Total Thread was established
1991-1995
•A.M. Zahiruddin Khan became Minister
1996
•Telecom Licensed awarded
TM International (BD) Ltd. (known as AKTEL) – a Joint Venture company
established between A.K. Khan & Company Ltd. and Telekom Malaysia
Berhad was awarded cellular license.
1999
•Akceycom Limited was established
2008
•A.K. Khan & Company Ltd. sold out AKTEL share
4. 2009
•A.K. Khan Penfabric Company Ltd. was established.
2011
•Joint Venture with Water Health International, USA and IFC.
•A.K. Khan Penfabric Company Ltd. and A. K. Khan Securities Ltd. started its
commercial operation.
2012
•AKKhan Water Health was established
2013
•CEAT AKKHAN Ltd.
•AKK- Union (Bangladesh) Limited
A.K. Khan & Company Ltd
REVENUE:
According to ’’Wikipedia’’ the revenue of A.K. Khan & Company Ltd is about
$2.2 billion USD
PROJECTS:
The Company is setting up a tyre plant in joint collaboration with Indian
company CEAT.The company is also building a private sectorSpecial
Economic Zone in Narsingdi, Bangladesh. When completed it would be the first
private one.
