East Coast Group

East Coast Group is a Bangladeshi diversified conglomerate based in Dhaka.[1][2] Azam J. Chowdhury is the chairperson of the company.[3] In 2019, it had 30 subsidiaries and US$4 billion in assets.[4] Tanjil Chowdhury, chairman of Prime Bank Limited, is the managing director of East Coast Group.[5]

History

East Coast Group started in 1977 as East Coast Trading Private Limited as an oil trading company.[6][7] it was founded by Azam J Chowdhury. Chowdhury had also designed the logo of the company.[8]

In 1980, East Coast Group founded Bangladesh Trade Syndicate Limited as a representative of TNT Express.[9]

East Coast Group founded East Coast Shipping Lines Limited as their shipping wing in 1982.[10]

East Coast Group founded EC Securities Limited in 1997 to invest in the stock market.[11] In 1998, East Coast Group founded EC Distribution Limited.[12]

East Coast Group founded Radiant Alliance Limited in October 2010.[13] On 1 November 2010, East Coast Group founded Parkesine Products Limited.[14] It announced plans to four container ships and one oil tanker ship.[15]

East Coast Group founded ASP Crew Management 25 November 2011.[16] Dilruba Chowdhury, director of East Coast Group, is the chairperson of Green Delta Insurance.[17] MJL Bangladesh Limited opened a joint venture with AKT Petroleum Ltd in Myanmar, the first Bangladeshi joint venture in Myanmar.[18]

In November 2015, East Coast Group founded EC Aviation Limited which operates FLY EC.[19] It founded Omera Logistics Limited in December 2015.[20]

In 2019, Azam J. Chowdhury was awarded businessman of the year by The Daily Star and DHL.[21]

Its subsidiary, EC Organic Products Limited, launched halal olive oil products in Bangladesh.[22] It purchased a second oil tanker for MJL Bangladesh Limited.[23] It operates an offshore investment firm, MJL (S) PTE, in Singapore.[24]

Businesses

• East Coast Trading Private Limited[6]
• East Coast Shipping Lines Limited[10]
• EC Distribution Limited[12]
• EC Securities Limited[11]
• EC Bulk Carriers (operates MV OMERA I and MT OMERA QUEEN)[25]
• EC Aviation Limited[19]
• ASP Crew Management[16]
• Bangladesh Trade Syndicate Limited[9]
• MJL Bangladesh Limited[26]
• Omera Fuels Limited[27]
• Omera Petroleum Limited[28]
• Omera Cylinders Limited[29] manufactures natural gas cylinders in Bangladesh.[30]
• Omera Logistics Limited[20]
• CleanFuel Filling Station, filling station chain.[31]
• Parkesine Products Limited[14]
• Radiant Alliance Limited[13]
• Nordic Woods Limited, a joint venture with Solor Treimpregnering A/S (55 percent) of Norway.[32]
• Omera Renewable Energy[33]