Bashundhara Group is one of the largest industrial conglomerates of Bangladesh. It began in 1987 as a real estate company venture under the name East West Property Development Ltd. The first project of EWPD turned out to be very successful. After then, the company grew very quickly. It presently owns more than 20 major concerns located throughout Bangladesh.
History
Bashundhara Group began in 1987 as real estate venture. Shafiat Sobhan Sanvir is the Vice Chairman of Bashundhara Group. After its first successful project, Bashundhara invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included cement, paper, pulp, tissue paper and steel production, as well as LP Gas bottling and distribution. On 4 February 2014, The Bangladesh Supreme Court ordered Bashundhara Group officials to surrender before it on a tax evasion case filed by the caretaker government. On 19 December 2011, Bashundhara chairman Ahmed Akbar Sobhan was sued for 'fraud' by Mohammad Shahjahan over the price of land in Bashundhara. Bashundhara received permission from Bangladesh Economic Zones Authority to Set up two specialized economic zones in Keraniganj, Dhaka, Bangladesh. In 2020, Bashundhara invested $143.7 million to build the largest bitumen plant in Bangladesh. This factory will singlehandedly help the country become self sufficient in bitumen production and the surplus can be exported overseas. For the people, for the Country - is their official slogan
is the second-largest shopping mall of Bangladesh. Construction of the shopping mall began in 1998; Mohammad Foyes Ullah and Mustapha Khalid Palash of Vistara designed the building. Opened to the public on 6 August 2004, the mall is located at Panthapath, near Karwan Bazar, in Dhaka city and cost over $100 million to complete. Bashundhara City is 21 stories tall, of which 8 are used for the mall, which houses hundreds of Bangladeshi fashion houses and jewelry shops, as well as around 100 food outlets which sell foods like French fries, burgers, fried chicken, etc.
Bashundhara Group is expanding its business in various sectors started from real estate sector to steel industry. In 2009, they started a new enterprise, East West Media Group Ltd. It now owns four big media houses of Bangladesh; namely, 1 Television channel, 1 FM radio station, 1 online newspaper and 3 other print media publications. Kaler Kantho and The Daily Bangladesh Pratidin are its Bengali national daily newspapers. The English newspaper is owns named Daily Sun.; The online newspaper is owns named banglanews24.com ;. News24 is the Television channel of EWMGL whereas Radio Capital is its only FM radio station.