Square Pharmaceuticals
Bangladeshi pharmaceutical company
From Wikipedia, the free encyclopedia
Square Pharmaceuticals Ltd. is a Bangladeshi multinational pharmaceutical company.[1] It was founded in 1958[2] by Samson H. Chowdhury along with three of his friends PK Saha, Kazi Harunur Roshid and Radhabinod Rai as a private firm.
| |
.jpg) Square Pharmaceuticals LTD. headquarters in Gazipur | |
| Company type | Private |
|---|---|
| Industry | Pharmaceutical |
| Founded | 1958 |
| Founder | Samson H. Chowdhury |
| Headquarters | , |
Area served | Asia, Africa, Europe, Central America, South America, Australia |
Key people | Tapan Chowdhury (CEO) |
| Revenue |  US$528 million (2019) |
| US$254 million (2019) | |
| US$156 million (2019) | |
| Total assets | US$1.18 billion (2019) |
Number of employees | 7390 (2016-17) |
| Parent | Square Group |
| Website | squarepharma |
As of 2024, Square pharmaceutical is the third largest company in Bangladesh by a market cap of $1.2 billion USD and first in pharmaceutical industry.
History
Square pharma went public in 1991 and is listed on the Dhaka Stock Exchange[3] and on the Chittagong Stock Exchange (ID of SPL: 13002)[4] Square Pharmaceutical started to export different antibiotics and medicine across the world from 1987. Now it exports its medicine to 36 countries of the world.[5]
In 2008 and 2009 it had the highest market share in the pharmaceutical industry of Bangladesh.[1][6] For the last couple of years, it has been seeing double digit revenue every year.[7] According to Forbes, Square Pharmaceuticals Ltd., a Bangladeshi company engaged in the pharmaceutical and chemical industries, reported sales of $512 million. The local pharma's market capital is $1.7 billion. Its net income is $150 million and has employed 9,240 people.
