Salman F Rahman’s Transformative Journey from Seafood Export to Numerous Verticals
Decades ago, Sarabo which is located close to Dhaka was beyond fields or streams, in the view of Salman F Rahman. It is a result of their vision that the site is extremely significant to the Bangladeshi businessman. It has led to his transformative journey, from exporting seafood to the development of verticals across the majorly growing industries in Bangladesh. BEXIMCO Group is today a multinational conglomerate. It has achieved milestones of success one after the other.
The Beginning of Bangladeshi Businessman’s Venture
During the 1970s, BEXIMCO Group was established. Before this, the visionary co-founder, Salman Fazlur Rahman engaged in other operations that eventually led to the start of the Group. Decades back, when the entrepreneur came across Sarabo, it was a plain site with a stream and fields.
Gradually, this site accommodated the textile and ceramics factories of the Bangladeshi conglomerate. Nearly 8,000 workers would visit the region in Sarabo, situated near Dhaka. They would engage in the production of cloth, bone china, as well as jeans. The processes included dyeing, spinning, weaving, and product finishing.
Bangladesh’s Largest Conglomerate
Currently, BEXIMCO Group is the biggest conglomerate in the private sector. In terms of revenue and workforce size, along with market capitalization, the group is the largest in the country. It comprises numerous listed companies. They operate in diverse industries.
This conglomerate by the Bangladeshi businessman operates in the majorly growing sectors. Its industrial operations have led to the growth of these.
- Textiles
- Real estate/trading
- Energy
- Ceramics
- Personal protective equipment (PPE)
- Media
- Pharmaceuticals
- Information and communication technologies (ICT)
Salman Fazlur Rahman’s Legendary Approach to Business
Mr. Rahman is a businessman notable for his distinctive approach, indicated through the establishment and growth of BEXIMCO Group. He has played a significant role in the same. His vision has led to the conglomerate being one of the major conglomerates in Bangladesh.
Company’s Diversification and Success
As part of Mr. Rahman’s approach, the diversification of the conglomerate in Bangladesh took place. It began as a company that traded commodities during the 1970s. Gradually, it expanded with which various verticals came into being. Not only did these verticals develop, they became the most notable ones in the respective sectors.
For the success of these verticals, the top entrepreneurs in Bangladesh entered into various partnerships. Besides, joint ventures with global brands/organizations were formed. Through these, the company gained access to the needed sources and technologies for its innovative as well as sustainable operations. Thus, they enabled it to succeed.
Transformation into a Visionary Leader Globally
Salman F Rahman is a leader with a visionary approach to forming, developing, and growing his business. It is notable that along with the growth of his venture, BEXIMCO Group, the country has made achievements too. Such is the outcome of Mr. Rahman’s vision.
The journey of this businessman has been transformative for him and Bangladesh. In addition to his vision, Mr. Rahman’s abilities have led to this remarkable transformation.
- Strategically, he aimed at the diversification of the company.
- The contributions of the company have economically benefited the country.
- Bangladesh’s economy has grown due to the revenue earned through BEXIMCO Group.
- The nation continues to grow with the progress of the Group.
Core Achievements of BEXIMCO Group
BEXIMCO Group is presently a significant employer within Bangladesh and globally too. Led by Mr. Rahman, it has employed around 70,000 people across the globe. Aside from this, the entrepreneur’s company has become a recognizable name worldwide.
- It is recognized due to its innovative solutions.
- The company is synonymous with product quality and performance.
- This conglomerate has the best factories and plants to ensure unparalleled product quality.
- It serves 50+ countries through its enormous range of products and services.
All in All
Salman F Rahman is an internationally renowned entrepreneur. His venture has grown to accommodate broad operations. Initially, it became a celebrated company in Bangladesh. Today, it is an internationally known conglomerate. Under the guidance of Mr. Rahman, it will explore more growth. Thus, his journey will transform further.
