Loading AI tools
Bangladeshi smartphone, Motorcycle, computer, Laptop manufacturer company From Wikipedia, the free encyclopedia
Walton (Bengali: ওয়ালটন; stylised as WALTON) is a conglomerate based in Gazipur, Bangladesh. It was founded in 1977 by S.M. Nazrul Islam and operates in consumer electronics, home appliance, mobile phone, automobiles, and retail. The group's flagship company is Walton Hi-Tech Industries PLC.[1][2]
| |
 Walton Group corporate office in Basundhara, Dhaka | |
| Company type | Public Limited Company |
|---|---|
| DSE: WALTONHIL CSE: WALTONHIL | |
| Industry | |
| Founded | 1977 commencement of business activities 2008 debuted as Walton Group |
| Founder | S.M Nazrul Islam |
| Headquarters | Kaliakair, Gazipur, Bangladesh |
Area served | Worldwide |
Key people |
|
| Products | |
| Brands | List
|
| Services | Electronics manufacturing services |
| Revenue |  ৳81.68 billion (US$680 million)(FY 2022) |
 ৳18.7 billion (US$160 million)(FY 2022) | |
| ৳12.17 billion (US$100 million) (FY 2022) | |
| Total assets | ৳160.44 billion (US$1.3 billion) (FY 2022) |
| Total equity | ৳101.38 billion (US$850 million) (FY 2022) |
Number of employees | 21,000+ |
| Website | waltonbd waltondigitech |
With over 30,000 employees, Walton is one of the largest employers in Bangladesh. It operates more than 1,000 retail stores under the brand name "Walton Plaza" and has an international presence in China, India, and the United States.[3][4]
The company has been recognized as a prominent player in the Bangladeshi economy, with a significant presence in the country's consumer electronics, real estate, and retail sectors.[5][6][7][8] In 2019, it was ranked as the second-largest corporate donor in Bangladesh by the CSR Centre and Sustainability Excellence.[9]
Walton was founded by S.M Nazrul Islam. Nazrul started his career as a small businessman. After the Bangladesh Liberation War of 1971, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group.[10] At that time, they used to import televisions. The company made its debut in 2008 as the Walton Group by starting refrigerator manufacture. When S.M Nazrul Islam died in 2017, his eldest son S.M Nurul Alam Rezvi took over as the chairman of the company.[11]
In April 2017, Walton established the country's first-ever and only compressor manufacturing factory. With the inauguration of the plant, Bangladesh has emerged as the world's 15th as well as Asia's 8th compressor manufacturing country.[12]
In January 2018, Walton opens the first ever computer assembly plant. At the same time it became the first ever Bangladeshi company to export locally made laptops to Nigeria.[13]
Even it has successfully expanded TV export market to around 14 countries in Europe, including Germany, Denmark, Ireland, Poland, Greece, Spain, Croatia, Italy and Romania.[14]
In February 2020, for the first time, Walton started exporting handsets to the United States as a Bangladeshi original equipment manufacturer company to a renowned American brand, otherwise known as "contract manufacturing".[15]
In April 2022, Walton acquired 3 European brands to make 4.8 million compressors a year. Walton Hi-Tech Industries PLC announced the purchase of two more brands – Zanussi Elettromeccanica (ZEM) and Verdichter (VOE) – from Italia Wanbao-ACC. The Bangladeshi electronics giant acquired the rights of more than 50-years old reputed three European electronics brands and its production plant, a trademark, patent, design and software. With the procurement of the more than 50-year-old Italia Wanbao-ACC compressor brand, Walton is now on course to gain a major foothold in European countries.[16]
In June 2022, Walton announced the establishment of a Research and Innovation Centre in South Korea.[17]
In April 2024, Walton was accused of promoting LGBTQ+ rights after sponsoring a drama show called Rupantor. In response, on 16 April, the company apologized and released a statement saying they were unaware of the content of the show, and sent a legal notice to the agency 'Local Bus Entertainment' for airing the show, stating it was a breach of contract.[23][24][25]
The conglomerate compromises one public traded and over ten privately held companies.
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
