Keya Group () is a

Bangladeshi Bangladeshis ( bn, বাংলাদেশী ) are the citizens of Bangladesh, a South Asian country centered on the transnational historical region of Bengal along the eponymous bay. Bangladeshi citizenship was formed in 1971, when the ...

diversified conglomerate based in

Dhaka Dhaka ( or ; bn, ঢাকা, Ḍhākā, ), formerly known as Dacca, is the capital and largest city of Bangladesh, as well as the world's largest Bengali-speaking city. It is the eighth largest and sixth most densely populated city ...

. The company was founded by Abdul Khalek Pathan in 1983. It is one of the largest

cosmetic Cosmetic may refer to: *Cosmetics, or make-up, substances to enhance the beauty of the human body, apart from simple cleaning *Cosmetic, an adjective describing beauty, aesthetics, or appearance, especially concerning the human body *Cosmetic, a t ...

brands in Bangladesh.

History

Keya Cosmetics Limited was established in 1996. Its founder and chairperson is Abdul Khaleque Pathan. It paid 10 to 50 percent dividends on its stocks in 2001. Keya Detergent Limited and Keya Soap Chemicals Limited were merged with Keya Cosmetics Limited in 2010. Keya Soap Chemicals was the only company not listed on the Dhaka Stock Exchange. Keya Cosmetics announced that it will sponsor Suhrawardy Cup National under-19 football championship. Keya Cotton Mills, Keya Knit Composite, and Keya Spinning Mills were merged in 2015 with Keya Cosmetics.

Bangladesh Securities and Exchange Commission The Bangladesh Securities and Exchange Commission (BSEC) is the regulator of the capital market of Bangladesh, comprising Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). The commission is a statutory body and attached to the Mini ...

initially opposed the move as the three companies were burdened with large liabilities while Key Cosmetics is listed on the Dhaka Stock Exchange. The merger received approval from

Bangladesh High Court The High Court Division, Supreme Court of Bangladesh ( bn, হাইকোর্ট ডিভিশন) popularly known as the 'High Court' is one of the two divisions of the Supreme Court of Bangladesh, the other division being the Appellate D ...

. In September 2015, about 500 Keya Knit Composite Limited workers felt sick after drinking water at the canteen. 100 more workers fell sick a few days at the same factory. The company shares performed well in the Dhaka Stock Market in 2007. The sponsor directors reduced shares from 62 percent to 46 percent in 2017. They failed to offload further shares due to lack of demand. The company shifted its office from Banani to Gazipur, where its factories are located, to reduce costs. The company has 8.5 billion taka in long-term loans and 6.3 billion in short-term loans. The same year Anti-Corruption Commission arrested the Chairperson of Keya Group, Abdul Khaleque Pathan, for allegedly embezzling 1.11 billion taka from

Bangladesh Krishi Bank Limited Bangladesh Krishi Bank is a fully government owned bank in Bangladesh founded in 1973. The primary purpose of the bank is to provide services to farmers and agricultural industry. Rajshahi Krishi Unnayan Bank is the other state owned agriculture ...

Financial Reporting Council Bangladesh The Financial Reporting Council Bangladesh () is a Bangladesh government regulatory agency responsible for regulating financial reporting, auditing and audit firms. History The Financial Reporting Council Bangladesh was established on 19 April 201 ...

estimated that Keya Group had laundered more than 10 billion taka through their European subsidiary. In MAy 2018, Keya Group signed an agreement with Khulna University to research crab farming in Bangladesh. Abdul Khaleque Pathan, his wife, Feroza Begum, and son, Tansin Keya, sold two billion taka worth of shares to pay off bank loans in 2018. Keya also violated Dhaka Stock Exchange rules by not publishing their quarterly statements. Four directors of Keya Group were fined on 24 July 2018 by

. Keya Group has 1.57 billion taka loan from

Pubali Bank Pubali Bank ( bn, পূবালী ব্যাংক) is the largest private commercial bank in Bangladesh. It has more branches than any other private bank in the country. Monzurur Rahman is the present chairman of the bank. History Pubali B ...

. An investigation by Dhaka Stock Exchange found irregularities in the company's shares. It had been suffering from financial problems.

Sister Concerns

* Keya Cosmetics Limited (Keya Soap, lifeguard, active toothpaste, Super Saloon, and Ice Magic) * Keya Europe * Keya Cotton Mills * Keya Knit Composite * Keya Agro Process Limited * Keya Yarn Mills Limited * Keya Cotton Mills * Khaleque Knitting and Garments Industries Private Limited * Keya Spinning Mills * Knit Composite Division

References

{{reflist 1996 establishments in Bangladesh Organisations based in Dhaka Conglomerate companies of Bangladesh