HRC Group

Bangladeshi industrial conglomerate (e. 1991) From Wikipedia, the free encyclopedia

HRC Group is a Bangladeshi industrial conglomerate.[4][5] The industries under this conglomerate include media, agriproducts, tea, real estate, finance, and shipping.[6] The Chairperson of the group is Sayeed Hossain Chowdhury, brother of Saber Hossain Chowdhury, an Awami League member of parliament and son of entrepreneur Hedayet Hossain Chowdhury, founder of Karnaphuli Group, another Bangladeshi conglomerate.[7]

Quick Facts Company type, Industry ...
HRC Group
Company typePrivate
IndustryConglomerate
Founded14 March 1991
FounderSayeed Hossain Chowdhury
Headquarters,
Key people
Sayeed Hossain Chowdhury (Group Chairman).[1]
ProductsMedia, real-estate, IT, manufacturing, finance, shipping [2]
Number of employees
3000+ [3] (2022)
Websitewww.hrcbd.com
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History

The group was established on 14 March 1991 as a Shipping Agency for Chittagong and Mongla ports by entrepreneur Sayeed Hossain Chowdhury.[1] Since then it has expanded to more than 20 subsidiaries.

On 10 December 1998, two security guards of the group were killed during the robbery at the HRC Group headquarters in Karwan Bazar, Dhaka.[8]

In July 2008, the chairperson of the group, Sayeed Hossain Chowdhury, was arrested by joint forces on charges of money laundering and tax evasion.[9] He received bail on 28 August 2008.[10]

The Sponsor director of HRC Group, Farzana Chowdhury, was elected vice-chairperson in June 2009.[11]

In July 2020, Chairperson of the HRC Group Sayeed Hossain Chowdhury was removed from the post of Chairperson of One Bank Limited by Bangladesh Bank due to subsidiaries of HRC Group defaulting on loans from various banks.[12]

List of companies

Shipping and Logistics

  • HRC Shipping Limited[13]
  • HRC Freight Limited[14]
  • HRC Travels Limited
  • Travel Wise Limited[15]
  • Arkan Express Limited[16]

Media

Real Estate

  • HRC Properties Ltd.[19]
  • Hamid Properties Limited[20]

Agro-products

  • HRC Dairies Limited
  • HRC Agrocom[21]
  • HRC Land Limited (Clevedon Tea Estate and Dildarpur Tea Estate)[22]
  • HRC Products Limited producing Clevedon, Clone, and Premier branded tea.[23]

Manufacturing

  • HRC Lighting Limited[24]
  • HRC Lamps Limited[25]

IT

  • Information Services Network Limited which was the first Bangladeshi Private ISP as Bangla.net[26]

Finance

See also

References

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