City Group (, stylised as citygroup) is a Bangladeshi
conglomerate. It began on 6 February 1972 as a
mustard oil
Mustard oil can mean either the pressed oil used for cooking or a pungent essential oil, also known as volatile oil, of the mustard plant. The essential oil results from grinding mustard seed, mixing the grounds with water, and isolating the resu ...
company venture under the name City Oil Mills. It presently owns more than 25 major concerns located throughout Bangladesh.
History
City Group was established by Fazlur Rahman, a
business magnate
A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...
in the private sector of Bangladesh. City Group began on 6 February 1972 as a mustard oil company venture. After its first project, City Group invested in new fields, including
manufacturing
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the
secondary sector of the economy. The term may refer ...
,
industry
Industry may refer to:
Economics
* Industry (economics), a generally categorized branch of economic activity
* Industry (manufacturing), a specific branch of economic activity, typically in factories with machinery
* The wider industrial sector ...
and
trading
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market (economics), market.
Traders generally negotiate throu ...
. More enterprises were established in the early 1990s; these included
consumer goods
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike an intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good.
W ...
, foods, steel, printing & packaging, shipping, power and energy, shares and securities, insurance, media, and healthcare.
On 4 October 2017, the government of Bangladesh approved the export of 57,273 tones of sugar by
Deshbandhu Group and City Group.
City Hi-Tech Park
City Group plans to build a Hi-Tech Park in
Demra, Dhaka which would be the biggest hi-tech park developed by a private company. The park is intended to be used to manufacture technology products such as
microprocessor
A microprocessor is a computer processor (computing), processor for which the data processing logic and control is included on a single integrated circuit (IC), or a small number of ICs. The microprocessor contains the arithmetic, logic, a ...
s,
chips
''CHiPs'' is an American crime drama television series created by Rick Rosner and originally aired on NBC from September 15, 1977, to May 1, 1983. After the final first-run telecast on NBC in May 1983, the series went into reruns on Sundays fr ...
, circuits,
mobile phone
A mobile phone or cell phone is a portable telephone that allows users to make and receive calls over a radio frequency link while moving within a designated telephone service area, unlike fixed-location phones ( landline phones). This rad ...
s and
laptop
A laptop computer or notebook computer, also known as a laptop or notebook, is a small, portable personal computer (PC). Laptops typically have a Clamshell design, clamshell form factor (design), form factor with a flat-panel computer scree ...
s.
Controversy
On 14 July 2022, A Chittagong court issued an arrest warrant for City Group Chairman Fazlur Rahman, in a case filed by the
Bangladesh Standards and Testing Institution
Bangladesh Standards and Testing Institution (BSTI) is an autonomous government body under the Ministry of Industries, established to control the standards of services, goods, weights and measures, and promote the adoption of the international s ...
(BSTI) for not maintaining standard
Vitamin A
Vitamin A is a fat-soluble vitamin that is an essential nutrient. The term "vitamin A" encompasses a group of chemically related organic compounds that includes retinol, retinyl esters, and several provitamin (precursor) carotenoids, most not ...
levels in soybean and palm oils.
Prior to that, on 20 October 2019, BSTI inspector Rajiv Dasgupta filed a case as the group's "Teer" oil failed to pass the "Vitamin-A" test in BSTI lab. In the case statement, the allegation was brought against Fazlur Rahman saying that he violated the government order and act by not following edibles oil fortification with Vitamin A Act-2013.
List of companies
City Group operates over 25 major concerns:
* Asgar Ali Hospital Ltd.
* Ekhon Television Spice Television Limited.
* C.S.I Power & Energy Ltd.
* Chandpur Belgaon Tea estate, Banskhali, Chittagram.
* City Bran Oil Ltd.
* City Dal Mills Ltd.
* City Edible Oil Ltd
* City Feed Products Ltd.
* City Fibers Ltd.
* City Navigations Ltd.
* City Oil Mills
* City PET Industries Ltd.
* City Re-rolling Mills
* City Salt Industries Ltd.
* City Seed Crushing Industries Ltd.
* City Sugar Industries Ltd.
* City Vegetable Oil Mills Ltd.
* Deepa Food Products Ltd.
* Dhaka Insurance Ltd.
* Farzana Oil Refineries Ltd.
* Hamida Plastic Industries Ltd.
* Hasan Containers Ltd.
* Hasan Flour Mills Ltd.
* Hasan Plastic Industries Ltd.
* Hasan Printing & Packaging Ltd.
* Hasan Securities Ltd.
* Nahar Tea Estate, Sreemongal, Moulovibazar.
* New Sagurnal Tea Co. Ltd. Juri, Moulovibazar.
* Radio Masala Limited (
Spice FM)
* Rahman Synthetics Ltd.
* Rupshi Flour Mills Ltd.
* Rupshi Foods Ltd.
* Shampa Flour Mills Ltd.
* Shampa Oil Mills Ltd.
* Somoy Media Ltd.
* Speech Bubble Communications Ltd.
* VOTT Oil Refineries Ltd.
See also
*
List of companies of Bangladesh Small, medium and large family owned conglomerates dominate over Bangladesh's economy. Most of these businesses in Bangladesh are grouped as conglomerates unlike other countries.
Notable firms
This list includes notable companies with primary h ...
References
{{Reflist
Conglomerate companies established in 1972
Conglomerate companies of Bangladesh
Bangladeshi companies established in 1972