Ananta Group

Ananta Group (Bengali: অনন্ত সংস্থা/গ্রুপ) is a Bangladeshi garments conglomerate based in Dhaka.

Ananta Group
Founded1992
HeadquartersDhaka, Bangladesh
Area served
Bangladesh
Key people
[1]
RevenueIncreaseUS$360 million (2022)
Number of employees
26,000
Websiteananta-bd.com

History

Ananta was established in 1992 in Dhaka as an export oriented Ready Made Garment manufacturer by Humayun Zahir.[1] After the death of Zahir, his wife Qamrun Nahar Zahir took over the company.[1] She is support by their two children, Asif Zahir and Sharif Zahir, who help her run Ananta Group.[2]

In 2016, the company launched Sindabad.com as an ecommerce site.[3]

Ananta Group invested in Zero Gravity which is the holding company of sindabad.com and Kiksha.com, both of which are ecommerce sites in Bangladesh, on 19 February 2018.[4] In April 2019, Asif Zahir announced plans to merge the seven units of the group to streamline management.[5]

In 2019, the groups annual turnover exceeded US$ 300 million.[1] It operates a green factory.[6] The company was given 250 acres land in Chittagong to establish six factories at the Mirsarai Economic Zone by Bangladesh Economic Zones Authority through a 50 year lease.[7] The company announced plans to invest 35 billion taka to develop the site.[7] In July 2019, Qamrun Nahar Zahir was awarded the Outstanding Woman in Business Award by the annual Bangladesh Business Award, which is organized by The Daily Star and DHL Express.[8] She also received a nomination for an award from Entrepreneurs Organization's Bangladesh chapter for her contribution to the Sustainable Development Goals of the United Nations.[9]

Ananta Group announced plans to invest US$ 25 million in a factory to manufacture lingerie in Chittagong Export Processing Zone on 16 October 2020.[10] The group already owned five factories at the site.[10] Two nominated directors, Khalid Quadir and Anders Stendebakken, CEOs of Brummer & Partners Asset Management in Bangladesh and Singapore respectively serves in the board of directors of Ananta Group.[11]

Subsidiaries

  • Z&Z Intimates Limited[12]
  • Ananta Apparels Limited[13]
  • Ananta Denim Technology Limited[13]
  • Ananta Casualwear Limited[13]
  • Universal Menswear Limited[14]
  • Ananta Huaxiang Limited[15]
  • DNV Clothing Limited[16]
  • Ananta Terraces[17]

References

  1. "He dreamt it, she built it". The Daily Star. 2019-07-30. Retrieved 2021-05-31.
  2. "Family businesses thrive on values, innovation". The Daily Star. 2019-02-01. Retrieved 2021-05-31.
  3. "Tech heroes triumph in the time of pandemic". The Daily Star. 2020-12-30. Retrieved 2021-05-31.
  4. "Sindabad, Kiksha owner secures funds from Frontier Bangladesh". bdnews24.com. Archived from the original on 2018-02-19. Retrieved 2021-05-31.
  5. "All 7 units of Ananta Apparels to merge". The Daily Star. 2017-04-09. Retrieved 2021-05-31.
  6. "Pandemic slows green finance initiatives". The Daily Star. 2020-12-17. Retrieved 2021-05-31.
  7. "Construction work of Mirsarai Economic Zone on in full swing". Dhaka Tribune. 2019-01-13. Retrieved 2021-05-31.
  8. "Top executives and businesses crowned". Dhaka Tribune. 2019-07-05. Retrieved 2021-05-31.
  9. "3 women entrepreneurs awarded for contribution to achieving SDG 5". Dhaka Tribune. 2019-03-11. Retrieved 2021-05-31.
  10. "Ananta Group to set up $25m lingerie factory in Ctg EPZ". The Daily Star. 2020-10-16. Retrieved 2021-05-31.
  11. "About". Ananta Group. Retrieved 2021-05-31.
  12. "Intimates". Ananta Group. Retrieved 2022-10-22.
  13. "Denims". Ananta Group. Retrieved 2022-10-22.
  14. "Suits". Ananta Group. Retrieved 2022-10-22.
  15. "Sweaters". Ananta Group. Retrieved 2022-10-22.
  16. "Outerwear". Ananta Group. Retrieved 2022-10-22.
  17. "Ananta Real Estate". Ananta Terraces. Retrieved 2023-02-05.
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