Sikder Group is a family-owned Bangladeshi business conglomerate.
Zainul Haque Sikder founded the group in the early 1950s, and was its chairman at his death in 2021.
His sons, Rick Haque Sikder and Ron Haque Sikder, are directors of the Sikder Group.
History
Sikder Group started as a textile and garment manufacturing company.
In 2010, the US
State of California
California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...
sued the Group's carwash business for $6.6 million for allegedly exploiting workers.
PowerPac Holdings, a sister concern of the Sikder group, got a contract to build a powerplant from Power Development Board in August 2011.
Its subsidiary PowerPac Ports Limited was given the government contract to operate two jetties in the Port of Mongla in 2016.
The same year PowerPac got approval from
Bangladesh Economic Zones Authority
The Bangladesh Economic Zones Authority or BEZA () is an agency of the government of Bangladesh tasked with developing special economic zone, special economic zones.
History
The Bangladesh Economic Zones Act of 2010 created the Bangladesh Econ ...
to operate Mongla Economic Zone in Bagerhat. At the end of 2016, the company's liabilities included about 2,000 crore
Bangladeshi taka
The taka (, , currency sign, sign: , ISO 4217, code: BDT, Short form (linguistics), short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at .
Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, while the ...
($253M as of 2016) spread among three banks.
Sikder Group has also attracted attention from various law enforcement agencies around the world for having ties to criminal activities such as money laundering.
On 19 May 2020,
Exim Bank (Bangladesh) filed a case against the Group at
Gulshan Police Station for allegedly shooting at and abducting the managing director and associate managing director of the bank. Following this filing, the main accused in the case, Ron Haque Sikder and Dipu Haque Sikder, fled the country in an air ambulance disguised as patients.
Later the duo, Ron Sikder and Dipu Sikder, were acquitted in a court verdict.
Dhaka Metropolitan Magistrate Rajesh Chowdhury passed the order after complainant of the case Exim Bank Director Lt Col (retd) Serajul Islam told the court that he had no objection if the court accepted a police final report.
Subsidiaries
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 of Bangladesh
Manufacturing companies of Bangladesh