BEXIMCO

BEXIMCO currently has operations and investments across a wide range of industries including textiles, pharmaceuticals, PPE, ceramics, real estate development, construction, trading, marine food, information and communication technologies, media, financial services, and energy.It was one of the largest private sector employers in Bangladesh with over 70,000 people worldwide until it laid off 30,000 employees (nearly 75% of its workforce) in December 2024 due to lack of orders and banking support.Currently, it has operations and investments across a wide range of industries including pharmaceuticals, ceramics, renewable energy, textiles, LPG, food & beverage, satellite-to-home television, PPE, media, ICT, real estate, financial services, and travel & tourism.[12][13][14] In October 2021 BEXIMCO with other two company, Robi and Meghna Petroleum, donated 6.93cr to Labour Welfare Fund support to workers in the formal and informal sectors for accidental deaths, treatment of injuries, incurable diseases, and also for the higher education of their children.[18] In the wake of political turmoil following the fall of the Awami League government in August 2024, Salman F Rahman, the founder of Beximco Pharmaceuticals and former private industry and investment adviser to former Prime Minister Sheikh Hasina, was imprisoned.The period of instability, marked by a student-led mass uprising in July and August 2024,[19] [20]led to significant financial difficulties for Beximco Group.[23] He is currently under investigation for several allegations, including foreign currency smuggling, bank loan embezzlement, illegal wealth accumulation, and share market fraud.The High Court’s order also includes recovering funds obtained by Salman F Rahman, the founder of Beximco Pharmaceuticals, from different banks and bringing the money back to Bangladesh.[25][26] Ruhul Amin’s role as the receiver is to protect the interests of the company’s employees and the country, ensuring proper management of all institutions under Beximco Group.In 2017, GS group sold their share in Beximco Communications(holding company of RealVu and now Akash) but continued providing hardware and software for the service.