Square Pharmaceuticals Ltd. is a Bangladeshi multinational pharmaceutical company.[1] It was founded in 1958[2] by Samson H. Chowdhury along with three of his friends PK Saha, Kazi Harunur Roshid and Radhabinod Rai as a private firm.
As of 2024, Square pharmaceutical is the third largest company in Bangladesh by a market cap of $1.2 billion USD and first in pharmaceutical industry.
History
Square pharma went public in 1991 and is listed on the Dhaka Stock Exchange[3] and on the Chittagong Stock Exchange (ID of SPL: 13002)[4] Square Pharmaceutical started to export different antibiotics and medicine across the world from 1987. Now it exports its medicine to 36 countries of the world.[5]
In 2008 and 2009 it had the highest market share in the pharmaceutical industry of Bangladesh.[1][6] For the last couple of years, it has been seeing double digit revenue every year.[7] According to Forbes, Square Pharmaceuticals Ltd., a Bangladeshi company engaged in the pharmaceutical and chemical industries, reported sales of $512 million. The local pharma's market capital is $1.7 billion. Its net income is $150 million and has employed 9,240 people.
External links
References
- Pharma firms take to contract manufacturing The Daily Star, 7 April 2008^
- History & Growth Square Pharmaceuticals Ltd.^
- Display Company Information Dsebd.org, 2012-09-25, retrieved 2013-08-28^
- CSE www.cse.com.bd, retrieved 2020-05-29^
- About us squarepharma.com.bd^
- Square Tops List of 10, Incepta second The Financial Express^
- Square Pharma plans Tk 250cr expansion The Daily Star, 2020-10-26, retrieved 2021-01-07^