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Company type | Public |
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Industry | |
Founded | January 1, 1950 Phultala, Khulna, Bangladesh |
Founder | Sheikh Akijuddin |
Headquarters | , Bangladesh |
Revenue | ![]() |
Number of employees | 30,000 |
Website | www |
Akij Group is one of the largest Bangladeshi industrial conglomerates.[1] The industries under this conglomerate include textiles, tobacco, food and beverage, cement, ceramics, printing and packaging, pharmaceuticals, consumer products etc. In 2009,[2][3] Akij Group paid 390 million euros in tax, making it the biggest local tax-payer, contributing two per cent to the nation's entire budget. Akij also provides services in healthcare, information and communication technology. Its turnover in 2009 was 89 billion taka.[4] In 2018, Akij sold their tobacco division to JTI for $1.47 billion.[5] It was the biggest ever single foreign direct investment in Bangladesh.[6]
Akij Group was established in the 1950s by industrialist Sheikh Akijuddin as a cigarettes manufacturing business, before moving into other areas of business Like Rice, Jute, Paddy etc.[4][7]
In August 2018, Japan Tobacco acquires Akij's tobacco business for US$1.5 billion.[8][9]