Jamuna Group

Background

Jamuna Group is a leading business conglomerate that owns Bengali daily The Daily Jugantor and the TV channel Jamuna Television. Jamuna Group began its journey with the establishment of Jamuna Electric Manufacturing Co. Ltd in 1974 by Nurul Islam Babul.

Affiliated Business

Textile: Jamuna Group has three spinning mills, four denim and jeans producing units, one composite mill and one knitting and dyeing unit.

Real Estate: Jamuna Builders Ltd, the real estate entity of Jamuna Group, has three prominent real estate projects: Jamuna Future Park, Jamuna City and New Uttara Model Town. Jamuna Future Park is one of the largest shopping malls cum commercial and amusement centre in Asia.

Leather: Jamuna Group owns two leather businesses: Pegasus Leathers Ltd. And Pegasus Leather Processing Unit.

Chemical: Jamuna Distillery Ltd. produces industrial and pharmaceutical alcohols.

Electronics & Engineering: Jamuna Electronics & Automobiles Ltd (JEAL), a sister concern of Jamuna Group, is one of the largest manufacturers and retailers of electronics products such as television, refrigerator and air conditioner in Bangladesh. JEAL is also a major manufacturer of motorbikes in Bangladesh. Another Jamuna Group entity, Jamuna Welding Electrode Ltd, produces Ferro and Marine type Welding electrodes.????

Media & Advertisement: Jamuna Group???s Jamuna Printing & Publishing Ltd owns Bengali daily The Daily Jugantor. Jamuna Group???s other media concern Jamuna Television Ltd owns Jamuna Television. According to the Ministry of Information, The Daily Jugantor is the fourth highest-circulating Bengali daily in Bangladesh.

Beverage: Jamuna Group enters the soft drinks and beverage sector with the establishment of Crown Beverage in 2004. It is a major beer manufacturer in the country.

Ownership

Jamuna Group is owned exclusively by the family members of the Group???s founder Md. Nurul Islam Babul. Nurul Islam died of Covid-19 on July 13, 2020. Nurul Islam???s wife Salma Islam is now the Chairman of the Group. She is also the publisher of The Daily Jugantor.?? Salma Islam is a presidium member of Jatiya Party and an MP. They have one son and three daughters. Their son Md. Shamim Islam holds the position of managing director in the company. Their three daughters- Shariat Tasreen Soniya, Monika Nazneen Islam and Sumaiya Rozalin Islam- are directors of the business group.

Legal Cases

The recently deceased Jamuna Group Chairman Nurul Islam Babul was sent to jail on March 21, 2004, after police arrested him in connection with the murder of a dredger worker in 2003. In 2007, he was again arrested after submitting his wealth statement at the Anti-Corruption Commission (ACC).

In January 2013, the National Board of Revenue filed cases against seven companies of the Jamuna Group and its Chairman Nurul Islam Babul, his wife Salma Islam and his son Shamim Islam in connection with tax evasion. On January 12, 2016, A Dhaka court framed charges against Jamuna Group chairman in a case filed for illegally producing and marketing ???Crown??? and ???Hunter??? beers. In the same year, the National Board of Revenue won a case against Jamuna Group over the evasion of value-added tax and supplementary duty by its now-defunct unit, Aromatic Cosmetics, between 1996 and 2000. The due was Tk. 700 crore.

Contact Details

KA-244, Kuril, ProgotiSharani, Baridhara, Dhaka, Bangladesh.

Phone : 88-02-9824001-29,   Fax : 88-02-8416050

E-mail : info@jamunagroup.com.bd

sales@jamunagroup.com.bd

marketing@jamunagroup.com.bd

Sources

Jamuna Group, About us, Accessed on July 27, 2020

LightCastle Partner, Motorbikes: A Rise in local Opportunities, Accessed on July 27, 2020

Jamuna Electronics and Automobiles Ltd., About us, Accessed on July 27, 2020

The Daily Star, Jamuna Group chief Babul arrested, March 22, 2004

bdnews24.com, Security officials arrest Nurul Islam Babul, BM Bakir, February 22, 2007

Dhaka Tribune, Case filed against Jamuna Group chairman over tax evasion, May 20, 2013

bdnews24.com, Trial of Jamuna???s Babul starts in Hunter and Crown case, January 12, 2016

The Daily Star, NBR wins case against Jamuna Group, March 28, 2016