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Assignment on 5 Entrepreneurs of Bangladesh

Course name: Entrepreneurship Development

Course code : 304

Submitted to:

Israt jahan Kumkum

Lecturer

Department of Management

University of Dhaka

Submitted by:

Soumen Roy

ID: 174 Section : B

20th Batch

Department of Management

University of Dhaka

Date of submission : 28th January 2016

Five Entrepreneurs of Bangladesh

BiBi Russell

BiBi Russell is the founder of "BiBi Production "a world renowned fashion house working with crafts people of Bangladesh.

Early age: BiBi was born in Chittagong Bangladesh.She grew up in Dhaka.

Education : She studied in kamrunnessa Govt Girls High School and Home economic collage.Later she went to london and earned a graduate degree in fashion from london collage of fashion. BiBi worked as a fashion model with different prestigious organizations and talented people.

Professional life: In 1994 BiBi returned to Bangladesh and opened BiBi Production in the year of 1995 a fashion house, fusing indigenous Bengali cultural elements into her line with BiBi production. She first claimed the much cited slogan "Fashion for Development".Then on BiBi has been working with crafts people with a vision to save crafts and revive their dream.

AL-HAZ ABDUL GHANI SARDER

Starting with a capital of taka 10000 in 1984, a young man of Noapara has become a business tycoon in the southern part of Bangladesh. He started his journey in the business arena with a Rice trading business and today he is the proud owner of a diversified business portfolio consisting of 8 business ventures and the chairman of GOLDEN GROUP.

Early life :Born in 1953,Abdul Ghani sarder is man of 57 years old.He came from an ordinary middle class family living in khulna Division.

Education : His educational background was not that much enriched.He only studied up to H.S.C level.He passed S.S.C in 1972 and H.SC in 1974.

Professional life: He started his journey of business by rice trading.He collected paddy from the farmers and thrashed them in rice mill and again sold them in the local market.He with his father help would able to buy a automated Rice mill then he began importing rice and cement from foreign countries. By the same time he also established GOLDEN TREDER. In 1997 he bought the Himalay cement factory , established Sourav fertiliser, a mixed fertiliser company,Golden Motor and more 5 firms.

EJAJ AHMED

Ejaj Ahmad is an entrepreneur and a consultant and educator of leadership. He has 12 plus years of experience in the private and nonprofit sectors. Ejaj's passion for leadership development has led him around the world as a speaker and advisor on leadership issues. He is the recipient of multiple national and international fellowships and awards, most notable among which include 2015 Multi-Nation Eisenhower Fellowship and Harvard Kennedy School's 2013 Rising Star Award.

Ejaj is the founder and president of Bangladesh Youth Leadership Center (BYLC), the country's first leadership institute. BYLC aims to create an inclusive, tolerant, and just society by training the next generation of home‐grown leaders. Since starting BYLC in 2009, he has overseen the organization’s rapid growth—to date, there are 2,400 BYLC alumni, many of whom have gone on to leadership roles across Bangladesh and abroad. Ejaj served as the principal consultant for the Bangladesh National Youth Policy 2014‐2015 and National Action Plan Project, jointly supported by the Commonwealth Secretariat in London and the Bangladesh Ministry of Youth and Sports.

Prior to starting BYLC, he was an economist and entrepreneur in Bangladesh. He worked on economic development projects undertaken by the World Bank, UNDP, and the Bangladesh Government. Ejaj also founded an international trading company engaged in the pharmaceutical sector. Ejaj holds a master’s in public policy from Harvard University and a master of arts with honors in economics from St. Andrews University.

NASIR A. CHOUDHURY

Green Delta Insurance Company Limited (GDIC) is one of the leading private, non-life insurance companies in Bangladesh, providing an array of insurance such as fire, burglary, marine and health.

GDIC was incorporated in late 1985 as a public limited company with a paid up capital of only BDT 30 million ($366,500). After the privatization of the insurance sector, Green Delta was the fifth company to be established, and it has gained a reputation as one of the most respected companies in the business.

Nasir A. Choudhury, Managing Director of GDIC, has played an important role in the growth of the company thanks to his 54 years of experience in the insurance sector. Mr. Choudhury attended two different insurance courses for a total 14 months in the U.K. and Germany, and upon completing them was posted in Pakistan Insurance Corporation Regional Office in Chittagong, which became the Bangladesh Insurance Corporation after independence.

Success for GDIC began from day one. It was the first insurance company to be launched purely by professionals and technocrats, and Mr. Choudhury and his colleagues first-hand experience working abroad got the company off to a flying start. Today the company has paid up capital of BDT 510.3 million.

As a whole, 2011 was a challenging and to some extent turbulent year for the economy, capital markets and the financial services industry. The year began with ongoing market declines and extensive government intervention in the financial system and broad-based consumer anxiety that ended with a liquidity crisis and& increased interest rates.

Despite the aforementioned gloomy situation, the insurance sector in the country has moved ahead. The top line continued to grow in 2011. In 2011, GDIC was once again the highest premium collector, and despite the worldwide recession GDIC is still producing the numbers. It reported 17.5 percent increase in gross premium to BDT 2,351.47 million, an investment income of BDT 131.80 million; profit after tax is now BDT 134.01 million, an 11.9% growth in net premium, fixed asset growth 58.2% now standing at 212.94 million and an underwriting profit growth by 24.5% standing at BDT 124.17 million.

Moreover, during the year 2010 and 2011 GDIC made significant investment on the following that are expected to result in substantial investment return and cost reduction in near future: Investment in Green Delta Aims tower a joint venture 17 storied landmark building in Mohakhali, Dhaka has been constructed entirely from own cash flow. The corporate head office of GDIC has been relocated to the new premises recently. This will help GDIC in reducing the rental expenses by huge margin. Investment in merchant banking subsidiary Green Delta LR Financial Services Ltd., a direct subsidiary of Green Delta Insurance Co. Ltd., engaged in fully-fledged merchant banking business. The entity has already generated a positive bottom line in its very first year of operation. In the coming days the merchant bank is expected to generate more revenue and uphold the image both locally and globally. Investment in fixed assets GDIC has recently purchased two commercial floor spaces in Dhaka city. In one premises out of the two, a branch has been opened and the other one under construction progress.

Luna Shamsuddoha

Luna Shamsuddoha is a software entrepreneur and the Chairman of Dohatec New Media since 1992. She has received recognition for her path breaking work internationally. As Chairman, she leads the management team and is responsible for overseas marketing, quality and emerging technology oversight, Monitoring Project Implementation of overseas contracts and Human Resource. She is Member, Council of Global Thought Leaders on Inclusive Growth, Switzerland. The eminent Council comprises of 32 distinguished persons including Nobel Laureates, Professors, former Presidents, and Cabinet Ministers.

Dohatec provides Software Solutions Design and Development services to institution, government agencies and corporations in USA, Canada, Germany, Switzerland and Bangladesh. ASP, ERP, CRM, SCM, MIS, e-Commerce, e-Government Solutions for Intranet and Internet are developed for international clients and Government of Bangladesh. Her Company Dohatec was awarded the CA License by the Certifying Authority (CA), Government of Bangladesh, and Dohatec will issue digital certificates in the country. She received two International Awards for Software by Swiss Interactive Media and Software Association (SIMSA) in 2005 in Basel, Switzerland

Luna’s Software Team developed the Voter Enrolment Software with implementation of Biometric Face and Finger Matching for the Bangladesh Army. The Army implemented the project and Dohatec carried out the Biometric Fusion Server matching for duplicate detection. Her company implemented Biometric solution for Driving License for a project in Germany.

Her company has developed and implemented several e-Governance Projects – Bangladesh Government Forms and developed the Access Control System for the Prime Minister’s Office. Dohatec is developing the electronic Government Procurement as Nominated Sub Consultant, Project funded by the World Bank. The Public Procurement website and MIS was developed for Central Procurement Technical Unit (CPTU), IMED, Ministry of Planning, and Government of Bangladesh.

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