Bangladeshi Conglomerates
Impress Group (Bengali: ইমপ্রেস গ্রুপ) is a Bangladeshi diversified conglomerate based in Dhaka.[1][2]
History
Impress Group was established in 1978 as Impress Limited, an advertising agency.[3] The Directors of the Group are Zahiruddin Mahmud, Abdur Rashid Majumder, Enayet Husain Siraj, Faridur Reza Sagar, Reaz Ahmed Khan, and Abdul Muqeed Majumdar.[3][4]
Impress Group established Impress Telefilms Limited in 1996.[3]
Impress Group financed Abdul Muktadir to establish Incepta Pharmaceuticals in 1999.[5] The company started retail distribution in January 2000.[3] Incepta is the second largest pharmaceutical company in Bangladesh.[6]
Impress Group's television channel, channel i, started on air operations from 1 October 1999.[3] Shykh Seraj is the Direct and head of news of Channel i.[7]
Impress Group starts a fourth nightly entertainment magazine called Ananda Alo in 2008.[3]
Impress Group becomes the majority shareholder of Karnaphuli Fashions Limited, Karnaphuli Knitting and Dyeing Limited, and Newtex Designs Limited in 2009.[3] The companies are reorganized under the Impress-Newtex Composite Textiles limited.[3] In 2010, Brummer & Partners Asset Management (Bangladesh) Limited purchases a stake in Impress-Newtex Composite Textiles limited and announced further investment in the company to expand production capacity.[8]
Incepta Pharmaceuticals starts manufacturing vaccines in Bangladesh in 2011. It is the first local vaccine manufacturer in Bangladesh.[3]
Impress Group founded Impress Boutique Cinema to finance indie filmmakers on 30 March 2013.[9]
Incepta Aviations and Impress Capital Limited starts operations in 2014.[3] Impress Aviation provides charter helicopter services in Bangladesh.[10]
On 28 July 2016, Incepta Vaccines starts mass-producing vaccines at a facility in Savar Upazila.[3] A subsidiary of Impress Group, Next Space Limited is hired as a subcontractor for Rooppur Nuclear Power Plant.[3]
In January 2021, Arastoo Khan was made the chief executive officer and managing director of Impress Capital Limited.[11] He is the former chairperson of Bangladesh Commerce Bank and Islami Bank Bangladesh.[11] Abdul Muktadir, chairperson of Incepta Vaccines said that they can produce COVID-19 vaccines for the COVID-19 pandemic in Bangladesh if they were provided a blueprint for the vaccine production.[12]
Businesses
References
