Square Group (Bengali: স্কয়ার গ্রুপ)[1] is a Bangladeshi diversified multinantional conglomerate based in Dhaka. Samuel S Chowdhury is the chairman and Tapan Chowdhury is managing director of Square Group.[2][3] Square Group has 60,000 employees.[3]

History

Square Group was founded in 1958 Samson H. Chowdhury and three friends as a pharmaceutical company, Square Pharmaceuticals in Pabna.[4] Samson H Chowdhury used to own a pharmacy, founded in 1952, in the Ataikula village in Pabna District.[5]

In 1974, Square Pharmaceuticals worked with Janssen Pharmaceutica, a subsidiary of Johnson & Johnson.[6]

In 1987, the group started exporting pharmaceuticals from Bangladesh.[6]

Square Group launched Senora in 1989, which was the first Sanitary napkin manufactured in Bangladesh.[7]

In 1994, Square Toiletries Limited became a private limited company.[6]

Square Textiles Limited was established in 1997.[6]

Square established a pharmaceutical factory under the supervision of Bovis Lend Lease in 2001.[6]

In 2002, Square Textiles Limited was listed on the Dhaka Stock Exchange.[6]

Square Group founded Square Hospital on 16 December 2006 in Dhaka.[8] Joe Davis-Fleming was appointed the first CEO of the hospital.[9] The 250 bed hospital was built on a 3.5 billion taka budget.[10]

Square Group started exporting food products to Japan through Square Consumer Products Limited in 2008.[11]

On 9 March 2012, the board of directors of Square Group appointed Samuel S Chowdhury Chairperson of the group.[12] Mikhail V Myasnikovich, Prime Minister of Belarus visited Square Pharmaceuticals factory in Gazipur District and signed a MOU to import pharmaceutical products.[13]

On 9 April 2015, Square Textiles announced plans to invest 1.13 billion taka to expand production facilities.[14] Square Toiletries started the manufacturing of diapers in 2015.[15]

On 26 August 2016, Square Denim started operations from Habiganj District.[16]

On 10 January 2018, Square pharmaceutical started construction of a pharmaceutical factory in Nairobi, Kenya through its subsidiary Square Pharmaceuticals Kenya EPZ Ltd.[17] Production at the factory was delayed by the COVID-19 pandemic.[18]

Square Group launched a helicopter service called Square Air Limited in 2019.[19] It operates three helicopters and clientele includes government ministers and high-ranking officials visiting projects outside of Dhaka.[20][21]

Square Group received permission to export pharmaceuticals to Democratic Republic of the Congo on 10 March 2020.[22] Square Group donated 10,000 sets of personal protective equipment to the Directorate General of Drug Administration in March 2020 during the COVID-19 pandemic in Bangladesh.[23] On 26 October 2020, Square announced plans to invest 2.5 billion taka to expand pharmaceutical production.[24]

Subsidiaries

There are currently 13 subsidiaries.[25]

  • Aegis Services
  • Maasranga Television
  • Mediacom
  • Sabazpur Tea Company
  • Square Apparels
  • Square Denims Limited
  • Square Fashions
  • Square Food & Beverage
  • Square Hospitals
  • Square Informatix
  • Square Pharmaceuticals
  • Square Textiles
  • Square Toiletries

See also

References

  1. ^ স্কয়ার বহুজাতিক কোম্পানি হওয়ার পথে. Prothom Alo (in Bengali). Retrieved 2021-05-11.
  2. ^ "HSBC lends Square Tk 1,000cr in Bangladesh's first sustainability-linked loan". The Daily Star. 2020-06-24. Retrieved 2021-05-11.
  3. ^ a b "Youth must work for development: Square Group chief". The Daily Star. 2016-05-26. Retrieved 2021-05-11.
  4. ^ "Samson Chy - an inspiration to nation". The Daily Star. 2012-01-14. Retrieved 2021-05-11.
  5. ^ "About Square Group". squaregroup.com. Retrieved 11 May 2021.
  6. ^ a b c d e f "Square: the rise of a giant". The Daily Star. 2012-01-06. Retrieved 2021-05-11.
  7. ^ "Local sanitary napkins now hold 80pc market share". The Daily Star. 2008-07-04. Retrieved 2021-05-11.
  8. ^ "Square Hospitals Ltd – AT SQUARE WE CARE". www.squarehospital.com. Retrieved 2021-05-11.
  9. ^ "The Daily Star Web Edition Vol. 5 Num 910". The Daily Star. Retrieved 2021-05-11.
  10. ^ "The Daily Star Web Edition Vol. 5 Num 890". The Daily Star. Retrieved 2021-05-11.
  11. ^ "Square carves niche in Japan food market". The Daily Star. 2008-10-23. Retrieved 2021-05-11.
  12. ^ "Square Group gets new chairman". The Daily Star. 2012-03-09. Retrieved 2021-05-11.
  13. ^ "Belarus to import drugs from Square". The Daily Star. 2012-11-14. Retrieved 2021-05-11.
  14. ^ "Square Textiles to invest Tk 114cr to raise capacity". The Daily Star. 2015-04-09. Retrieved 2021-05-11.
  15. ^ "Locally made baby diapers gaining popularity". The Daily Star. 2015-10-28. Retrieved 2021-05-11.
  16. ^ "Denim by Square flourishes as purchase orders pour in". The Daily Star. 2016-08-26. Retrieved 2021-05-11.
  17. ^ "Square Pharmaceuticals begins constructing Kenya plant". The Daily Star. 2018-01-10. Retrieved 2021-05-11.
  18. ^ "Square Pharma set to launch factory in Kenya". The Daily Star. 2021-05-06. Retrieved 2021-05-11.
  19. ^ "Square Air Limited - Corporate Charter, Air Ambulance, Travel agents, Tour operators, Medical evacuation, Aerial shooting Bell 407, Robinson R66 Helicopter Bangladesh". www.squareair.com.bd. Retrieved 2021-05-11.
  20. ^ "Chopper rentals fail to take off". The Daily Star. 2019-10-17. Retrieved 2021-05-11.
  21. ^ "Square Pharma stock price sinks for no reason". The Daily Star. 2020-01-03. Retrieved 2021-05-11.
  22. ^ "Now Square gets approval to ship medicines to Congo". The Daily Star. 2020-03-10. Retrieved 2021-05-11.
  23. ^ "Corporate giants join in fight". The Daily Star. 2020-03-31. Retrieved 2021-05-11.
  24. ^ "Square Pharma plans Tk 250cr expansion". The Daily Star. 2020-10-26. Retrieved 2021-05-11.
  25. ^ "Our Businesses | Square". squaregroup.com. Retrieved 2024-10-16.
Allikas: https://en.wikipedia.org/wiki/Square_Group
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