MGI
MGI represents an enterprise and brand with 50 years of national and global experience. It currently operates more than 55 industrial units, houses over 65,000 employees, 6,650 distributors, and 20,000 suppliers under its umbrella, and achieves an annual turnover of approximately $3.0 billion.
The history of one of Bangladesh’s largest leading conglomerates, Meghna Group of Industries (MGI) can be traced all the way back to 1976 when its predecessor operated under the name of Kamal Trading Company. The conglomerate itself has humble origins and began its life as Meghna Vegetable Oil Industries Ltd. in 1989 on a small patch of land in Meghnaghat, Narayanganj.
MGI
We are aware of certain media reports intended to tarnish our reputation by making false and fabricated allegations. MGI categorically denies these claims and is confident that any thorough review—domestic or international—will reaffirm our strict adherence to all applicable laws and regulations. We adhere to rigorous internal governance protocols, undergo regular external audits, and remain certain that no investigation will uncover evidence of misconduct.
Our proven global credibility is demonstrated by partnerships with the World Bank, IFC on multiple financings, as well as syndicated loans from DEG, IDB, FMO, HSBC and other DFIs. These institutions demand the highest standards of transparency, ethics, and legal conformity—all of which MGI consistently upholds.
While we recognize healthy competition as a cornerstone of a vibrant economy, we believe some of these allegations stem from orchestrated media pressure intended to destabilize one of Bangladesh’s leading industrial conglomerates. We call on all stakeholders—especially the press—to distinguish fact from conjecture and to report responsibly based on verified information.
We extend our sincere thanks to our employees, partners, investors, government of Bangladesh, and supporters—both at home and abroad—for their steadfast trust. Your confidence in MGI’s values and vision strengthens our resolve to continue driving national progress with integrity and resilience.
9 months ago | [YT] | 2
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