Deshbandhu Group is a Bangladeshi diversified conglomerate based in Dhaka.[1][2] Golam Mostafa is the Chairperson and Golam Rahman is the Managing Director of Deshbandhu Group.[3][4] It headquarters in Mostafa Centre, Banani, is located inside a residential neighborhood.[5]
Deshbandhu Sugar Mills Limited was established in 1932.[6] In the early 1960s, it was the smallest of East Pakistan's eight sugar mills, with a rated production capacity of 2,500 tons annually, and was uneconomic.[7]
In 2011, Deshbandhu sought approval from the government of Bangladesh to establish a sugar mill in Thailand or Brazil but was denied permission from Bangladesh Bank.[8]
Sahera Auto Rice Mills Limited started operations on 15 March 2012.[9]
Deshbandhu Group entered in a partnership with Chemtex to build a US$100 million polyester factory in Sirajganj District on 13 September 2015.[10]
The Group invested US$53 million to establish garments factory under Deshbandhu Textile Mills, in Uttara Export Processing Zone in Nilphamari District.[11] The factory was inaugurated by Tipu Munshi, Minister of Commerce, on 5 August 2019.[12] The government of Bangladesh provided approval to City Group and Deshbandhu Group to export sugar on 4 October 2017.[13]
Deshbandhu Group announced plans to invest US$200 million to develop a joint venture Jiangsu Sanfangxiang Group Co., Ltd to petrochemical and chemical fibre production at Mirsarai Economic Zone in Chittagong on 30 October 2018.[14]
On 31 March 2021, Deshbandhu Group started operations of GM Apparels and Southeast Sweaters.[3][15] Deshbandhu announced plans to raise US$250 million through issuing Sukuk bond and pay off the loans of the group.[16]
