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Company type | Private |
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Industry | Conglomerate |
Founded | 6 February 1972 (as City Oil Mills) [1] |
Founder | Fazlur Rahman |
Headquarters | City House, House # NW(J) 06, Road # 51, Gulshan-2, Dhaka- 1212, Bangladesh |
Key people |
Fazlur Rahman (chairman & managing director) Md. Hasan (director) |
Products | Consumer goods, foods, steel, printing & packaging, shipping, power & energy, shares and securities, insurance, media, healthcare etc. |
Brands | TEER, BENGAL, SUN, NATURAL, JIBON, QUICK BITE, ASGAR ALI HOSPITAL |
Revenue | ![]() |
Number of employees | 25,000+ (2022) |
Website | https://citygroup.com.bd/ |
City Group ( Bengali: সিটি গ্রুপ) is one of the largest Bangladeshi conglomerates. It began on 6 February 1972 as a mustard oil company venture under the name City Oil Mills. The first project of City Oil Mills turned out to be very successful. After then, the company grew very quickly. It presently owns more than 25 major concerns located throughout Bangladesh. Now, City Group stands as one of top ten business houses in Bangladesh. [2]
City Group was established by Fazlur Rahman, a business magnate in the private sector of Bangladesh. City Group began on 6 February 1972 as a mustard oil company venture. [3] After its first successful project, City Group invested in new fields, including manufacturing, industry and trading. More enterprises were established in the early 1990s; these included consumer goods, foods, steel, printing & packaging, shipping, power and energy, shares and securities, insurance, media, and healthcare. [4]
On 4 October 2017, the Government of Bangladesh approved the export of 57,273 tones of Sugar by Deshbandhu Group and City Group. [5]
City Group is planning to build a Hi-Tech Park in Demra, Dhaka which will be biggest Hi-Tech park developed by a private company. [6] Total investment target is 50 Billion BDT and expecting to create 15,000 jobs. The park to be built in on 115 acres of land area in Demra.
The park will be used to manufacture technology products such as microprocessors, chips, circuits, mobile phones and laptops. [7] The investors of the park will get government facilities fast and also one stop service from the authority.
City Group now operates over 25 major concerns: [8]