akk profile

8/2/2019 Akk Profile

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LEGACY OF

A.K. KHAN & COMPANY LIMITED

S E R V I N G T H E N A T I O N S I N C E 1 9 4 5



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Company Background:

Bangladesh is a young and developing nation with long history and culture. Over the

last 20 years, Bangladesh has seen consistent GDP growth of above 5%. It is projected

to become a middle income country by the year 2021. Today, Bangladesh is the 48th

largest economy in the world. Goldman Sachs, a leading Investment Bank, has included

Bangladesh in the next 11 countries known as the N-11 as one of the emerging

economies of the world after the BRIC nations of Brazil, Russia, India and China.

Similarly, Price Waterhouse Coopers (PWC) has added Bangladesh in PWC30 list as one

of the long term potential growth economies of the World by 2050.

Its youthful 160 million people are extremely resilient and prepared to take on many

challenges of life. Living in fertile riverine land, Bangladeshis are also natural

entrepreneurs and traders. The story of one of Bangladesh’s oldest industrial groups, A.K. Khan & Company Ltd, is intimately woven into the nation’s past, present and

future.

A.K. Khan & Company Ltd is one of the oldest and most renowned private sector

organizations in Bangladesh. Late Janab Abul Kasem Khan, popularly known as A.K.

Khan, established the company after the Second World War in 1945. Janab A.K. Khan

started his business from Chittagong, and after India and Pakistan separated in 1947,

Chittagong emerged as the foremost port city and business center of the country.

Within a decade, A.K. Khan and Company Limited became a leading industrial

powerhouse and a major contributor to the national economy. In the early 1950s,

Janab A.K. Khan established Insurance Company, Financial Institution as well as

manufacturing industries in Textiles, Jute, Plywood, Tannery, Heavy Electrical Goods,

Shipping and Irrigation. From 1980s the Company started to grow through Joint

Ventures (JV) with renowned Multinational Companies in Textile, Deep Sea Fishing,

Telecommunication, Application Service Provider, Public Health, Agricultural Products

and so on.

Currently the company plans to establish new businesses in Hospitality Sector, Power

Generation, Textiles, Real Estate, Green Jute Pulp and Paper Manufacturing and

Community Based Water project.



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Vision

To strive for business excellence through joint ventures to match state of the art

technology and R&D of our foreign partner’s coupled with the expertise and long

industrial experience of our group to compete in a globalized economy.

Mission

• To create optimum value for all our stakeholders by adhering to the highest

ethical standards.

• To pursue relentlessly customer satisfaction through delivery of high quality

product and service.

• To strive for providing employment opportunity to reduce unemployment.

• To create centers of excellence in industrial and service sectors through Joint

Ventures.

• To contribute to the well being of the society by acting as a responsible

corporate citizen through CSR.

Strength of A. K. Khan & Co. Ltd.

• Long experience over 65 years

• Well known reputation

• Financial capability

• Good corporate link

• Goodwill

• Trustworthiness

• Accountability

• Market Knowledge

• Management Expertise

• Strategic & vast land base

• Knowledge base public relation

• Access to top level management of big corporate(Chairman, CEO, Managing

Director etc.)

• Good liaison with Government regulatory bodies

• Access to policy makers

• Largest Number of JVs with renowned MNCs



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• Legacy of Sound Business Practice and Brand Image

• Strategic Alliance with Multinational Companies

• Strong local and international network

• Nationwide Sales and Distribution network

Areas of Operation

Textile

Jute

Deep Sea Fishing and Fish Processing

Clearing and Forwarding

ISP / ASP

Information Technology

Distribution

Plantation

Water Health

Agriculture

Securities and Stock

Upcoming Business

5 Star Hotel Yarn Manufacturing

Agricultural Industry

Real Estate Development

Tea Estate and Rubber Garden

Green jute pulp and paper manufacturing

Internal Container Depot/Terminal



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“WE ARE KNOWN BY THE COMPANIES WE KEEP”

Joint Ventures promoted by A. K. Khan & Co. Ltd.

• Khan-Elin Corporation Ltd. (1960):

A joint venture with Elin Union AG, Austria, a subsidiary of Siemens AG of

Germany. Involved in manufacturing electric motors, water pumps, electric fans,

exhaust fans, transformers, switchboards, switchgears.

• Bengal Fisheries Ltd. ( 1979) :

A joint venture with the largest fishing company of the world, MARUHA NICHIRO

CORPORATION of Japan. Involved in deep-sea fishing and export to Japan.

• Coats Bangladesh Ltd. (1989) :

A joint venture with multinational world’s largest Sewing Thread Manufacturer

Coats Vieylla Group of UK. Involved in producing sewing thread for the export

market.

• TM I nternational Bangladesh Ltd. (1996) :

A joint venture company with Telekom Malaysia Berhad (Known as AKTEL),

Malaysia, the largest Malaysian Investment in Bangladesh in GSM Technology in

cellular telecommunication sector.

However, AKK’s stake had been sold to NTT Docomo, Japan in September

2008.

• AKCeycom Limited (1999):

First Application Service Provider in Bangladesh. A joint venture betweenCeylinco Consolidated Sri Lanka, the largest conglomerate in Sri Lanka and A. K.

Khan & Co. Ltd. Bangladesh.

• A.K. Khan-Penfabric Company Limited (2009 ) :

A joint venture company with Penfabric Malaysia, 100% subsidiary of Toray

I ndustries, I nc of Japan for textile yarn production for export. Commercial

production of the first phase of Textile unit with 15,000 spindles started in April

2011.

• AK-Panbo Agro Limited (2010):

A 100% export oriented mushroom project in collaboration with Panbo Systems

BV, the Netherlands. Commercial production will start in November 2011.

• A.K. Khan Wat er Health Bangladesh Ltd. ( 2010)

A community based water supply with Water Health Inc, USA and IFC to provide

safe & pure water to urban and rural areas at an affordable cost.



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Mr. A. K. Khan - Founder Chairman

• Former member Indian Constituent Assembly.

• Former member Pakistan Constituent Assembly.

• Pioneer industrialist in Insurance, Banking, Shipping & Deep-sea fishing.

• Former Federal Minister (1958-62) for Industries, Works, Irrigation, Power and

Mineral Resources

• Former Member of the National Assembly (1962-1968)

• Former Chairman of Pakistan International Airlines (PIA).

• Founder chairman of former Eastern Mercantile Bank, presently Pubali Bank

(largest private sector bank in the country).

• Founder Chairman of former Eastern Insurance Company. Pioneer insurance

company in East Pakistan.

• Former President of Bangladesh National Society for the Blind & Founder

chairman of Chittagong Eye Complex

• Pioneer in patronizing Education, Health, Art, Cultural work and Social welfare.



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Mr. A.M. Zahiruddin Khan - Late Chairman

1936-2005

• Founder Chairman of T.M. International (Bangladesh) Ltd.

• Former Chairman of Bengal Fisheries Ltd., a joint venture (JV) deep sea fishing &

fish processing company with Maruha Nichiro of Japan

• Former Chairman of COATS Bangladesh Ltd., a JV company with Coats UK, until

his demise

• Former President of Federation of Bangladesh Chambers of Commerce &

Industry (FBCCI) in 1977

• Former President of Chittagong Chamber and Commerce and Industries 1974-

1976

• Minister of Planning 1991-1993

• Minister of Industry 1993-1995

• Former Chairman of Sonali Bank Limited

• Chairman working group to establish the Islamic Chambers of Commerce &

Industries, an OIC organ.

• Founder Chairman of Bangladesh Textile mills Association and previously

chairman PTMA (Pakistan Textile Mills Association)

• Founder Director of IFIC Bank and Sadharan Bima Corporation.



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From the desk of the Chairman

A.K. Shamsuddin Khan

A.K. Khan & Company Limited is committed towards the Industrial development of

Bangladesh.

In the present globalized economy, the best route to development is through Joint

Venture with world renowned multinationals to take advantage of their core expertise,

Research & Development.

We strive to create optimum value for all stakeholders, create employment

opportunities by establishing centers of excellence in industrial and service sectors

through joint ventures and thereby, contribute towards the wellbeing of our society by

conducting ourselves as responsible corporate citizens.

Every day in many ways, the dedicated people of A. K. Khan & Co. Ltd. demonstrate

their commitment to our mission of extending and enhancing the business in and

abroad.

Since the company's founding in Chittagong, the port city of Bangladesh in 1951, we

have grown to become one of the leading industrial conglomerates of Bangladesh with

strong Joint venture business relationships with the foreign countries.

Pursuing our mission also means working hard to expand our business links in and

abroad. We are striving towards this goal through Public/Private Partnerships (PPP) and

Joint Venture projects. In these and indeed in all of our company's endeavors, we are

guided by the values expressed in the Company’s pledge.



9

From the desk of the MANAGING DI RCECTOR

Salahuddin Kasem Khan

A.K. Khan & Co. Ltd. is evolving in a highly competitive globalised business world. We

have grown in last 65 years, from a small family-owned company established in 1951

into a diversified company. Our strategic corporate policy of joint venture with some of

the leading multi-national companies of the world and particularly of the region; like

Telekom Malaysia for Telecommunication, Mitsui and Maruha of Japan for deep sea

Fishing, Ceylinco of Sri Lanka for ISP/ASP, Coats of U.K for textile thread making, Pen-

fabric of Malaysia for textile yarns, Panbo Systems of Netherland for Agricultural

industry – is bearing fruit. We feel it is crucial to have access to R&D and remain

internationally competitive in the market place by introducing state-of-the-art

technologies to the country and this can only be possible by collaboration with leading

companies.

We are, therefore, continuously seeking reputable international partners in new sectors

–in the Hotel and Tourism Sector, Logistics and Infrastructure like ICD, Container

Terminals, Power and partners for our existing manufacturing plants.

Our mission is to become one of the most valued companies in the country. In this, we

are guided by the values embedded in our company philosophy by our Founder

Chairman, Late Janab A. K. Khan, who is recognized as a pioneer industrialist of the

country. His Mission in life was to create an industrial and service sector base to provide

gainful employment and contribute to economic development.

This mission we believe is a “Trust” entrusted to the management and the board of

company, so that we give value to our customers, our employees, our share holders

and above all to our country-in its relentless effort towards economic take off in this

century.



1

A.K. Khan Foundation

A.K. Khan Foundation (AKKF) is supported by A.K. Khan Group as part of its Corporate

Social Responsibility (CSR). The organization is a not-for-profit and non-political Social

Welfare Organization established in the year 1991 to materialize the dream of Late Mr.

A.K. Khan - a legendary personality and pioneer of the industrialization in Bangladesh.

30% of the profits of A. K. Khan & Co. Ltd. has been earmarked for the well

being of the community people especially for the improvement of Health &

Education of the vulnerable group of the society.

Besides, the organization is engaged in philanthropic activities with special move

towards sustainable social development activities.

The main services of the Organization include:

•

Relief & Rehabilitation Services under the Scheme of Humanitarian Assistance. • Educational Stipend/ Scholarships for the Needy and Meritorious Students.

• Assistance for Medical Treatment of the Poor People.

• Assistance for House Repairing for the vulnerable people.

Besides the above services, the foundation sponsored following Projects for

underprivileged children & adolescents of the country to make them productive human

resources:

• A.L. Khan High School (Kalurghat, Chittagong)

• A.K. Khan Technical School (Kalurghat, Chittagong).

• Islamabad Balika Etimkhana (Ambagan, Chittagong).

• Shama Shisu Sadan (Batali Hills, Chittagong).

The up-Coming projects of the AKKF are:

• Begum Shamsun Nahar Khan Primary School Bhaban at Islamabad Balika

Etimkhana, Chittagong

• A.K.Khan Ain (Law) Bhaban at Chittagong University.

• Begum Shamsun Nahar Memorial Mother & Child Health Care Center at

Bagghona, Chittagong

• A.K. Khan Centre for the Rehabilitation of the Paralyzed at Kalurghat, Chittagong.



1

Milestones

1945: Establishment of A. K. Khan & Co. Ltd. by Founder Chairman Late Janab A. K. Khan.

1945-1958: A total of 8 new companies were setup in the field of textile, shipping, jute, electronic motors, match

and plywood.

1958-62: Janab A. K. Khan was inducted as Federal Minister for Industries, Works, Irrigation, Power and

Natural Resources in General Ayub's cabinet of Pakistan.

1974: All major industrial units of the group was nationalized by the Govt.

1979: Bengal Fisheries Ltd was established as a pioneer of such industry in Deep Sea Fishing and Fish

processing sector.

1982: Most of the nationalized units of A.K. Khan & Co. Ltd. were returned except Eastern Insurance and

Eastern Mercantile Bank.

1989: Total Thread (later renamed Coats Bangladesh) was established as the pioneer sewing thread

company.

1991: Janab A. K. Khan, pioneer industrialist of Bangladesh passed away.

1991-1995: Chairman Janab A. M. Zahiruddin Khan sworn in as Planning Minister and later took over as Industries

Minister of The Government of Peoples Republic of Bangladesh.

1996: Establishment of TM International (BD) Ltd, a joint venture Company awarded with cellular license

incorporation with Telekom Malaysia Berhad.

1999: Establishment of AKCEYCOM Limited, a Joint Venture company in ASP/ISP services.

2002: Several Joint Venture Projects under process in Textile, International 5 Star Hotel and ICD

2009: Foundation Laying of Hotel Niketan, a 5 star hotel project at Chittagong;

Joint Venture with PenFabric-Malaysia for Yarn Manufacturing industry.

2010: Joint Venture with Panbo Systems BV, the Netherlands, for mushroom project. Joint Venture with

WaterHealth International, USA and IFC for community based water treatment project.



Established at the end of Second World War, A.K. Khan &

Company Limited has been a leader in floating giant

companies in Bangladesh. From Financial Institutions to

Deep Sea Fishing & Telecom, A.K. Khan & Co. Ltd. has been

a pioneer and leader in every field. Today as we step into

the future, our commitment in partnering the infrastructural

development of Bangladesh has taken a new dimension.

From Agriculture to Heavy Engineering & Infrastructural

Development, our future work will entail the key to the

prosperity of Bangladesh. As each of our major projects has

been a successful Joint Venture with foreign companies, so

will our future projects. As we look to the future, we

anticipate more such successful ventures.

A.K. Khan & Company LimitedHead Office: Corporate Office:

Batali Hills Bay’s GalleriaChittagong-4000 57 Gulshan AvenueGPO Box No.223 Gulshan-1, Dhaka-1212

Bangladesh BangladeshPh: (+880-31) 611050-2 Ph: (+8802) 9892169, 8833873, 8818142-6

613084, 612610 Fax: (+8802) 9895930, 8833872

i n f o @ a k k h a n . c o m w w w . a k k h a n . c o m

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