Walton Group

Walton (Bengali: ওয়ালটন) is a Bangladeshi conglomerate based in Gazipur, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile, Walton Electronics, and Walton Hi-Tech Industries Limited. Walton produces electronics, Computers, motor vehicles, and telecommunications products. It is the first Bangladeshi brand to launch mobile phones in the market.[1][2]

Walton Group
TypePrivate Limited Company
IndustryConsumer Electronics, Automobile, Mobile Phone, Home Appliances
Founded1977 (1977)
FounderS.M Nurul Alam Rezvi
HeadquartersKaliakair, Gazipur, Bangladesh
Area served
Bangladesh
Key people
S.M Mahbubul Alam, Director S.M Shamsul Alam, Managing Director
ProductsRefrigerator & Freezer,

Television, Mobile, Computer, Air Conditioner, Microwave and Electric Oven, Washing Machine, Kitchen Appliances, Fan, Electrical Appliances, Led Light, Switch & Socket, Cables, Elevator, Compressor, Generator, Battery & Water Pump, Industrial Solutions,

Hardware Items
Revenue5,177.32 Crore Bangladeshi Taka (2019)
1,376 Crore Bangladeshi Taka (2019)
Number of employees
21,000+
Websitewaltonbd.com

History

S.M Nurul Alam Rezvi founded the Walton Group of Industries in 1977 as a trading company. Over the next three decades, the group diversified into steel, textiles, electronics, and automobiles. Walton entered into the steel industry in the late 1970s and the electronics and cars in the early 2000s; these areas would drive its subsequent growth. Since the 2000s, Walton has expanded towards electronics and automobiles, which became its most important income sources.

Walton is one of the highest taxpayers in Bangladesh and substantially impacts the country's economy. Walton is one of the largest companies in Bangladesh. It is the largest manufacturer of a household refrigerator, having the maximum market share in Bangladesh.  Walton received the Best Taxpayer Award at the 2015 Dhaka International Trade Fair (DITF) for the seventh time. Walton received awards at the 2013 Dhaka International Trade Fair (DITF), including paying the most taxes.

On 5 October 2017, Walton inaugurated the country's first-ever smartphone and tablet manufacturing plant named "Walton Digi-Tech Industries." "Made in Bangladesh," labeled smartphones made by Walton, arrived at the market in January 2018.

On 18 January 18, 2018, Walton launched the country's first computer and laptop manufacturing plant.

Products

Walton distributes 4,500 types and models of electric, electronic, and automotive goods that it imports or manufactures. As of 2017, handsets it produces in China had captured 5% of Bangladesh's mobile phone market. In 2015, it manufactured 80% of the refrigerators, 30% of the televisions, and 6% of the motorcycles sold in Bangladesh. It also can manufacture 300,000 air conditioners a year.

In April 2020, Walton announced plans to produce ventilators.[3]

Awards
  • Best Brand in Bangladesh; 2020
  • 1st Prize for Highest VAT Payer, DITF-2013 , DITF-2015, DITF-2016, DITF-2017[4]
  • First Prize for Premier Pavilion Category, CITF-2005, DITF-2009, DITF-2013, DITF-2014, DITF-2016, DITF-2017
  • The Golden Globe Tigers Summit Awards, 2015
  • Global Brand Excellence Awards, 2014
  • 1st Prize for Highest Tax Payer, DITF-2014
  • 1st Prize for Highest Export Order and VAT Payer, DITF-2012
  • 1st Prize for Standard Pavilion Category, CITF-2004

References
  1. Rahman, Saifur (6 March 2012). "Bangladesh electronics giant Walton enters GCC market". Gulf News.
  2. Showkat, Asif (29 January 2012). "Walton will be global brand by 2015". Daily Sun. Archived from the original on 30 August 2013.
  3. "Walton ventilators ready for clinical trials". The Business Standard. 2020-04-28. Retrieved 2020-08-25.
  4. "Walton At Every Home". www.waltonbd.com.
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