Nitol Niloy 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. Its primary business is the import and distribution of

Tata Motors Tata Motors Limited is an Indian multinational automotive manufacturing company, headquartered in Mumbai, India, which is part of the Tata Group. The company produces passenger cars, trucks, vans, coaches, buses. Formerly known as Tata En ...

vehicles in Bangladesh. Abdul Matlub Ahmad is the chairperson of Nitol Niloy Group.

Selima Ahmad Selima Ahmed (7 July 1960) is a Bangladeshi businessperson and politician. She is the vice chairperson of Nitol-Niloy Group and the founder and president of the Bangladesh Women Chamber of Commerce and Industry. She was elected as member of Ja ...

mp is the Vice-Chairperson of Nitol Niloy Group.

History

Nitol Niloy Group was established in January 1980 as Nitol Motors Limited, an importer of vehicles. Nitol Motors Limited became the distributor of Tata Motors in Bangladesh in 1988. In 1991, Nitol started assembling Trucks and Busses for Tata in Bangladesh. Niloy Cement Clinkerization started operations in September 2007. It was the first

cement clinker 200px, Typical clinker nodules 200px, Hot clinker Cement clinker is a solid material produced in the manufacture of Portland cement as an intermediary product. Clinker occurs as lumps or nodules, usually to in diameter. It is produced by sinte ...

ization plant in Bangladesh. The group has an annual turnover of 5 billion taka in 2010. Nitol-Niloy Group led a delegation of Bangladeshi companies to Uganda in May 2011. It announced plans to invest US$12.5 million to develop rice cultivation in Uganda. It signed an agreement with Amrit Group to develop a poultry industry in Bangladesh. It opened a driving school in

Kishoreganj District Kishoreganj ( bn, কিশোরগঞ্জ) is a district in Dhaka Division, Bangladesh. Earlier it was a Mohkuma (মহকুমা) under the Mymensingh district. It was taken 2495.07 sq. km of land from Mymensingh district to form prese ...

called Nitol-Tata Driving Training Institute. Nitol Niloy Group controlled

FAS Finance and Investment FAS Finance and Investment Limited is a major non-bank financial institution in Bangladesh providing lease financing and investment services. In 2020, it was one of the financial institutions targeted by Prashanta Kumar Halder, nicknamed the Su ...

. It pulled out its investment from FAS Finance and Investment and the company was taken over by

PK Halder Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and a finance officer. He is a fugitive and wanted in Bangladesh for embezzlement of more than 102 billion taka, one of the biggest cases in Bangladesh. ...

who embezzled 13 billion taka funds from the financial institute. Nitol Niloy Group signed an agreement with Hero MotoCorp to invest US$40 million to establish a motorcycle plant on 20 April 2014. In 2016, NItol Niloy Group requested permission from Bangladesh Bank to invest US$7 million in Gambia but were denied permission. Later Finance Minister A. H. M. Mostafa Kamal, who is in favor of foreign investments by Bangladeshi companies, requested them to submit a detailed investment plan to the central bank which they failed to do. Nitol Niloy Group announced plans to assemble Tata Pickups under Nita Company Limited, a joint venture with Tata Motors, in September 2018. Production was scheduled to begin in 2020. The project suffered delays due to the

COVID-19 pandemic in Bangladesh The COVID-19 pandemic in Bangladesh is part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The virus was confirmed to have spread to Bangladesh in March 2020. The first ...

. The company had also expressed an interest in assembling small cars of Tata in Bangladesh. Bangladesh is the fourth largest market for Tata motors. It is also delayed the launch of an electric vehicle assembled in Bangladesh due to the pandemic. Nitol Niloy Group is part of the Star Infrastructure Development Consortium which has 17 Bangladeshi conglomerates. Star Infrastructure Development Consortium plans to open a US$3.5 billion steel plant in Chittagong in partnership with Kunming Iron & Steel Holding Company Limited. It also has a joint venture with

Hero Group The Hero Group is a private, Swiss international consumer food manufacturer and marketing company, which primarily sells infant formula, baby food, jam and nutritional snack foods. In 2015, the Group generated revenues surpassing CHF 1.26 bil ...

to produce motorcycles in Bangladesh. In February 2019, Nitol Niloy Group received a license from the

Bangladesh Economic Zones Authority The Bangladesh Economic Zones Authority or BEZA () is an agency of the government of Bangladesh to govern special economic zones within the country's territory. It was instituted by the government in November 2010 under Bangladesh Economic Zones ...

to establish

Kishoreganj Economic Zone Kishoreganj is a city and the headquarters of Kishoreganj District in the division of Dhaka, Bangladesh. See also * ABM Zahidul Haq * Pakundia Adarsha Mohila College Pakundia Adarsha Mohila College ( bn, পাকুন্দিয়া ...

. The group planned to invest 3 billion taka to develop the 84 acre site.

Businesses

* Nitol Motors Limited * Nitol Curtis Paper Mills Limited (Tarzan Paper) * Nitol Insurance * Nitol Electronics Limited * Niloy Cement Industries Limited * Niloy Cement Clinkerisation Industries Limited * VIP-Nitol Industries Limited * Kishoreganj Economic Zone * NTrack Vehicle Tracking Service *

Radio Next Radio Next 93.2 FM is a Bangladeshi private radio station. The radio launched on 6 May 2015 and it was available in all parts of Dhaka, Bangladesh. But this radio has been defunct without any announcement (≈ 9 October 2019). The station broadc ...

References

{{reflist, 2 1980 establishments in Bangladesh Organisations based in Dhaka Conglomerate companies of Bangladesh