About Bashundhara Group
Bashundhara Group, which commenced operations in 1987 as East-West Property Development (Pvt) Ltd, has become a giant in the Bangladeshi business landscape Initially focused on real estate, it has diversified extensively to include over 50 significant entities and employs more than 700,000 people nationwide.
The Early Days of Real Estate Success
Starting with a vision to solve Dhaka’s acute housing shortage due to rapid population growth, Bashundhara Group launched its first project in 1987, offering affordable, quality housing. This project quickly earned residents' trust, establishing a strong foundation for the group and setting a precedent for future projects
Driven by the success of its initial venture, the group expanded its operations beyond real estate. It adopted a mission focused on the broader well-being of the populace,
encapsulated by the motto "For the People, For the Country." This philosophy has guided its diversification and growth across various sectors.
Expanding Into Manufacturing and Trading
By the early 1990s, Bashundhara Group had ventured into manufacturing and trading, notably cement, paper, tissue, and liquefied petroleum gas (LPG). The market quickly embraced these products for their reliability and quality, reinforcing Bashundhara’s reputation as a top-tier business entity
One of the group's significant achievements was the public listing of Meghna Cement Mills Limited on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) in the early 2000s This step allowed for greater capital generation for expansion and solidified its reputation in the financial markets Today, Meghna Cement Mills symbolizes the group ’ s enduring success and commitment to growth.
Creating New Opportunities in Real Estate
Leveraging its established reputation, Bashundhara Group continued to innovate in the real estate sector, launching projects that aligned with the evolving market demands The group's dedication to customer satisfaction and innovative approach underpinned the success of these new ventures.
A landmark project, Bashundhara City Development Ltd (BCDL), exemplifies the group ’ s innovative spirit. This expansive shopping and recreational complex in Dhaka integrates retail with entertainment, creating a vibrant hub for the community and setting a benchmark in mixed-use developments.
The Rise of East West Media Group
In 2009, Bashundhara Group expanded into the media by establishing East West Media Group Ltd. This subsidiary now manages some of Bangladesh’s most prominent
publications, including "Kaler Kantho," "Bangladesh Pratidin," and the English daily "Daily Sun," along with the online portal "banglanews24.com." It also includes broadcasting operations with News24, a leading news channel; T Sports, the country's first dedicated sports channel; and Radio Capital, an FM station with diverse programming.
Industrial Contributions and Innovations
Beyond real estate and media, Bashundhara Group has made significant strides in sectors such as Ready-Mix Cement, Toiletries, Paper, LPG, Oil and Gas, and Food. The group ensures top-quality cement for construction, hygiene products through Bashundhara Tissue, and sustainable paper solutions from Bashundhara Paper Mills. It is also a major player in the LPG market with Bashundhara LP Gas and contributes significantly to the nation’s food security with Bashundhara Food & Beverage Industries Ltd.
Awards and Recognitions
The group ’ s commitment to excellence has been consistently recognized with numerous awards Bashundhara Tissue and Bashundhara LPG Gas have frequently been awarded the "Best Brand" accolade. In 2023, four of the group ’ s products were honored with "Superbrands" status, and in 2021, it was named "Best Business Conglomerate Group."
Philanthropy and Social Responsibility
The Bashundhara Foundation supports various social initiatives focused on education, healthcare, disaster relief, and sustainable development. The foundation's efforts include empowering tea workers in Bangladesh, providing essential training and resources, and numerous other community support activities that underscore the group ’ s commitment to giving back to society.