A K Khan & Company

A.K. Khan & Company Ltd.
Company typeConglomerates
IndustryTire
Agro
Textile Mills
Forestry
Shipping
ICD logistics
Stock and Securities
Telecom & IT
Hotel & Hospitality
ICT & logistics
Founded1945 (1945)
FounderAbul Kashem Khan
HeadquartersAk Khan Mor,
Chittagong
,
Bangladesh
Area served
Worldwide
Key people
Total assets5.3 billion USD
Number of employees
7,000
Websitewww.akkhan.com

A K Khan & Co. Ltd. is a Bangladeshi conglomerate headquartered in Chittagong. It was established in 1945 by Abul Kashem Khan during the Second World War.[1][2][3][4][5]

History

A K Khan & Company established in 1945 by Abul Kashem Khan in Chittagong, which became the main port of East Pakistan after the Partition of India.[6] Khan was the Minister of Industries in the government of Pakistan from 1958 to 1962.[7] In the 1950s, Khan expanded into jute, insurance, textile, tannery, heavy industries, shipping, irrigation, and plywood.[6]

After the death of Khan in 1991, A. M. Zahiruddin Khan took over the management of A K Khan & Company.[8] In 1997, A K Khan and company launched AKTEL, a joint venture telecommunication service with Telekom Malaysia.[9]

Zahiruddin died in 2005 and was succeeded by A. K. Shamsuddin Khan.[10]

In June 2008, A K Khan & Company sold its 30 percent stake in AKTEL to NTT Docomo of Japan for 350 million USD.[11][12] The company announced the start of construction of a hotel in Chittagong in November 2009.[13]

In November 2014, A K Khan and Company received permission to build a economic zone in Narsingdi District.[14]

A. K. Shamsuddin Khan retired as chairman of A K Khan & Company retired in 2015 and was replaced by Zebun Nahar Islam.[15]

A K Khan & Company announced it will establish a tire plant under joint collaboration with Indian company CEAT in January 2016.[16] The company is also building a private sector Special Economic Zone in Narsingdi.[17]

In October 2020, KAM Majedur was appointed chief executive officer of A K Khan & Company.[18]

A. M. Ziauddin Khan succeeded Zebun Nahar Islam as chairman of the group in 2023.[15][19] A K Khan Economic Zone in 2023 was awaiting a gas connection from Titas Gas to begin operation.[20]

Board of directors

Name Position Reference
A. M. Ziauddin Khan Chairman [21]
Abul Kasem Khan Vice-Chairman [21]
K A M Majedur Rahman Chief executive officer [21]
A. K. Shamsuddin Khan Director [21]
Yasmine Khan Kabir Director [21]
Sadruddin Khan Director [21]
Mikhail Idris Islam Director [21]
Mujtaba Ali Khan Director [21]

Subsidiaries

  • A K Khan WaterHealth (Bangladesh) Limited[22]
  • CEAT A K Khan Limited[23]
  • AK Khan Penfabric Company Limited[24]
  • M.Y. & Union (BD) Limited[25]
  • Coats Bangladesh Limited[26] (joint venture with Coats Group)[27]
  • Bengal Fisheries Limited[28]
  • Akceycom Limited[29]
  • Andhar Manik Tea State[30]
  • A. K. Khan Jute Mill[31]
  • Chittagong Textile Mills Limited[32]
  • A.K. Khan Match Factory[33]
  • A.K. Khan Rubber Plantation[34]
  • A. K. Khan Plywood Factory[35]
  • A. K. Khan & Company Limited Clearance and Forwarding Division[36]
  • A. K. Khan Cold Storage Limited[37]
  • A. K. Khan Securities Limited[38]
  • A. K. Khan Telecom Limited[39][40]
  • Infocom Limited[41]
  • A K Khan Economic Zone[42]
  • A.K. Khan Container Terminal[43]
  • AKK Logistics & Distribution Limited[44]
  • Niketan Hotel and Resort, Chittagong[45]
  • AKK Real Estate Limited[46]
  • A.K. Khan Tower[47]

References

  1. ^ "A.K. Khan & Company Ltd. – AK Khan Company Limited".
  2. ^ Ahmed, Mushir (15 February 2009). "AK Khan group to invest big fund in infrastructure, tourism, textiles". Archived from the original on 21 June 2012.
  3. ^ "The Daily Star honours 19 living legends". The Daily Star. Archived from the original on 2014-04-13. Retrieved 2020-02-18.
  4. ^ "The importance of research and business plans". Aquila Style. Archived from the original on 30 January 2016. Retrieved 14 January 2016.
  5. ^ "Growth hinges on Ctg". The Daily Star. Retrieved 14 January 2016.
  6. ^ a b "AK Khan Company Limited | Contributing to nation's growth since 1945". akkhan.com. Retrieved 2023-04-30.
  7. ^ "Abul Kasem Khan - an icon of entrepreneurship". Dhaka Tribune. 2022-03-29. Retrieved 2023-04-30.
  8. ^ "A. M. Zahiruddin Khan, (1936-2005) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  9. ^ "AKTEL rebrands itself as focus shifts to rural market". The Daily Star. 2010-03-29. Retrieved 2023-04-30.
  10. ^ "Mr. A. K. Shamsuddin Khan, Director | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  11. ^ Hasan, Md (2008-06-17). "NTT DoCoMo to buy 30pc stake in AKTEL for $350m". The Daily Star. Retrieved 2023-04-30.
  12. ^ Hasan, Md (2008-05-15). "Japan's NTT DoCoMo bids for AKTEL stake". The Daily Star. Retrieved 2023-04-30.
  13. ^ "Five-star hotel in the making in Ctg". The Daily Star. 2009-11-10. Retrieved 2023-04-30.
  14. ^ Ahmed, Gazi Towhid (2014-11-27). "AK Khan Co to develop special economic zone". The Daily Star. Retrieved 2023-04-30.
  15. ^ a b "Mrs. Zebun Nahar Islam – Former Chairman | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  16. ^ Parvez, Sohel. "Auto, tyre makers to get tax privileges". The Daily Star. Retrieved 14 January 2016.
  17. ^ Towhid Ahmed, Gazi. "AK Khan Co to develop special economic zone". The Daily Star. Retrieved 14 January 2016.
  18. ^ "KAM Majedur joins AK Khan and Company as CEO". The Daily Star. 2020-10-09. Retrieved 2023-04-30.
  19. ^ "A. M. Ziauddin Khan – Chairman | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  20. ^ Chakma, Jagaran (2023-01-25). "Private economic zones gasping for gas". The Daily Star. Retrieved 2023-04-30.
  21. ^ a b c d e f g h "Board of Directors | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  22. ^ "A K Khan WaterHealth (Bangladesh) Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  23. ^ ":: WELCOME TO CEAT ::". www.ceatbd.com. Retrieved 2023-04-30.
  24. ^ "A.K. Khan Penfabric Company Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  25. ^ "M.Y. & Union (BD) Limited | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  26. ^ "Coats Bangladesh Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  27. ^ "Mohammad Al Kashem appointed Managing Director of Coats Bangladesh". The Business Standard. 2022-04-23. Retrieved 2023-04-30.
  28. ^ "Bengal Fisheries Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  29. ^ "AKCeycom Limited | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  30. ^ "Andhar Manik Tea State | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  31. ^ "A. K. Khan Jute Mill (AKKJM) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  32. ^ "Chittagong Textile Mills Ltd.(CTM) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  33. ^ "A.K. Khan Match Factory | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  34. ^ "A.K. Khan Rubber Plantation | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  35. ^ "A. K. Khan Plywood Factory | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  36. ^ "A. K. Khan & Company Ltd. C&F Division | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  37. ^ "A. K. Khan Cold Storage Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  38. ^ "A. K. Khan Securities Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  39. ^ "A. K. Khan Telecom Limited | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  40. ^ "Insurance cos in Bangladesh need to be innovative: businesses". New Age. Retrieved 2023-04-30.
  41. ^ "Infocom Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  42. ^ "A K Khan Economic Zone (AKKEZ) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  43. ^ "A.K. Khan Container Terminal (AKKCT) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  44. ^ "AKK Logistics & Distribution Ltd. (AKK-LDL) (Proposed) | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  45. ^ "Niketan Hotel & Resort | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  46. ^ "AKK Real Estate Ltd. | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
  47. ^ "A.K. Khan Tower | AK Khan Company Limited". akkhan.com. Retrieved 2023-04-30.
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