Transcom

Excellence and ethics sustain Bangladesh's leading business house

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Bangladesh's economic track record is impressive, to say the least, and over the past decade it has consistently been one of the world's fastest growing economies. Real GDP growth averaged 6.8% between 2010 and 2019, supported by favorable demographics, a powerhouse manufacturing industry, and stable macroeconomic conditions. The IMF projects GDP growth will hit 6.6% in 2022, and exceed pre-pandemic levels by 2023 to reach 7.1%. The country's economic rebound will be one of the strongest and most sustained in the world.

The country's rapidly-expanding industrial and consumer bases are the driving force behind this growth, and they will continue to play a pivotal role in future economic recovery and development. The evidence is in the data: according to the World Bank, manufacturing's GDP contribution more than tripled over the previous decade, from $18.6 billion in 2010 to $57.3 billion in 2020. Annual household spending rose from $258 billion to $582 billion over the same period. And for leading domestic conglomerate Transcom, this is only the beginning.

Transcom's origins date back to 1885, when the company was originally active in the tea and jute industries. Its modern iteration was established in 1973, and today Transcom is active across a broad spectrum of economic sectors, including health care, fast-moving consumer goods, food and beverage, media, electronics, logistics, and distribution. Transcom is one of the largest, most-diversified, and fastest-growing conglomerates in the country, which Group CEO Simeen Rahman attributed to its core values: ethics, quality, trust, and sustainable business: