One of the leading companies known to all by one name in Bangladesh is City Group. This company has really proved Richard Branson’s saying, “A big business starts out small” with its glorious journey.
City Group is founded by Mr. Fazlur Rahman a business tycoon in the private sector of Bangladesh, with an ambition “to become leading Bangladeshi conglomerate in the global arena operating responsibly and sustainably for making a better society.” With this dream, this company finally began its journey as a mustard oil company venture after our liberation war on 6 February 1972 under the name City Oil Mills. Then it started to function in a calculative way. And the rest is history.
This firm saw the face of huge success as the first project of City Oil Mills. This early success then became an asset of inspiration for City Group which encouraged its people to invest in different sectors and enterprises.
And about present-situation, well, City Group has turned out to be one of the largest Bangladeshi conglomerates with its 40 sister concerns, each of which is specialized in specific goods and services. Not to mention, the group has evolved dramatically over the era of wealth growth and development, with its 48 years of business legacy. Furthermore, they have set their vision of “blending world class technology, innovation and local entrepreneurship to provide hygiene, health and excellence to consumers.”
With this dedication, City Group has become one of Bangladesh’s top ten business houses. Mr. Fazlur Rahman, Chairman of the group, won the “Business Person of the year 2005” award from DHL-Daily Star as an acknowledgement of overall business success.
Today, City Group has also gained international recognition. In 2009, Saskatchewan Pulse Growers of Canada acknowledged City Group for importing large volumes of Saskatchewan pulses. Moreover, TEER, one of the top-three brands of City Group, has been awarded the ‘Prestigious Brands of Asia 2017-18’ award in 2017 as the only brand of Bangladesh to receive this recognition.
Furthermore, this TEER brand has been recognized as one of the world’s greatest brands and the chairman of the group, Mr. Fazlur Rahman has been acknowledged as one of the world’s greatest leaders for his keen business shrewdness in the trade and industrial enterprise in Bangladesh by United Research Service and PricewaterhouseCoopers P.L.T.
This group is also engaged in various corporate activities for the betterment of the society.
And thus, City Group which has started its journey from a scratch, is now successfully playing a major role in the GDP growth and also in the overall economic growth of our country.