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KDS Group
KDS Group is a business and industrial conglomerates of Bangladesh, which is based in Chittagong[1] but with extensive operations in Dhaka as well.[2] It has also established offices and agencies in India, Hong Kong and is expanding into Europe and North America.[3] HistoryThe group was founded in 1983, through the establishment of one of the first garments industries of Bangladesh.[4] The founder of the group was Khalilur Rahman.[4] KDS Textiles was established in 2000.[4] The same year, KDS Steel established KYCR Coil Industries Limited.[4] In 2001, the Cold Rolling Mills Complex was established by KDS group.[5] In March 2009, KDS Logistics began operations of its Inland Container Depot near Chittagong Port.[6] The group had invested three billion BDT to establish the depot.[6] The group was awarded the national export trophy in 2010 by Prime Minister Sheikh Hasina.[7] KDS Accessories established a new factory in Gazipur District in September 2016.[8] In February 2017, Khalilur Rahman, chairman of KDS Group, was elected chairman of AIBL Capital Market Services Limited, a subsidiary of Al-Arafah Islami Bank.[9] It announced plans to invest 10 million USD in the Bangabandhu Hi-Tech City.[10] The Department of Environment implicated KDS Textile Mills Limited of polluting Halda River in a report of the agency.[11] In November 2019, KDS Accessories approved 15 per cent dividend for stock holders.[12] In August, the managing director of the group, Salim Rahman, was made the chairman of Al-Arafah Islami Bank.[13] KDS Accessories Limited profit increased 6 per cent in 2022 from 2021.[14] The rising cost of raw materials had reduced the bottom line for the company.[15] Businesses
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