PRAN-RFL Group
PRAN-RFL Group (Bengali: প্রাণ-আরএফএল গ্রুপ) is a Bangladeshi multinational conglomerate headquartered in Dhaka, Bangladesh. It is one of the largest conglomerates in the country. It is the largest agribusiness in Bangladesh. PRAN stands for “Program for Rural Advancement Nationally, “ and RFL stands for ‘Rangpur Foundry Limited.’ The company is currently exporting its products in 138 countries.
Type | Private limited company |
---|---|
Industry | Conglomerate |
Founded | 1981; 40 years ago |
Founder | Amjad Khan Chowdhury |
Key people | Amjad Khan Chowdhury,( Chairman& Ceo) Kamal Kamruzzaman, (Director) |
Products | Groceries, snacks & beverage, home appliances, plastic products, dishes, furniture etc. |
Revenue | US$500 million (2016) |
US$10 billion (2016) | |
Number of employees | 80,000 (2020) |
Website | www |
History
Sabah PRAN (Program for Rural Advancement Nationally) was established in 1981 by retired Major General Amjad Khan Chowdhury and has become one of the largest food and beverage brands Bangladesh. PRAN pioneered agribusiness in Bangladesh by providing farmers with guaranteed prices. PRAN Foods, a PRAN-RFL Group subsidiary, produces many agricultural products under the PRAN banner. PRAN established a subsidiary company in UAE in 2003. In 2008, the company announced plans to open a production facility in Tripura, India, after the Indian government lifted the ban on direct investment from Bangladesh in 2007. The PRAN group's exports had reached ten billion takas by 2016, with the company's biggest markets in India, Saudi Arabia, the UAE, Malaysia, and Oman. The same year the revenue for PRAN exceeded US$500 million. PRAN started exporting potatoes in March 2016. In April 2016, PRAN started to export cassava, and the first shipment, worth US$3 million, was sent to New Zealand. PRAN has 80 thousand direct employees and 200 thousand indirect employees. PRAN exports to over 118 different countries.[1]
Awards
- Awards from the National Board of Revenue for being top VAT payer at the district level in the 2018-2019 financial year.[2]
References
- "PRAN aims at poverty cut, employs over 10 lakh workers". Daily Sun. Retrieved 1 April 2017.
- সেরা ভ্যাট দাতার সম্মাননা পেল প্রাণ-আরএফএল এর চার প্রতিষ্ঠান. Bangladesh Sangbad Sangstha (in Bengali). Retrieved 10 December 2020.