United Group (Bangladesh)
From Wikipedia, the free encyclopedia
United Group is a business conglomerate in Bangladesh. Their stakes include: healthcare, education, finance, insurance, retail, power, real estate, terminal-port management, manufacturing, shipping, textile etc.[1]
| |
| Type | Private |
|---|---|
| Industry | Conglomerate |
| Website | united |
History
The group started it's operation in 1978 as a joint venture between 4 partners. In 1986, two more joined the group.[1][2]
In 2018, the group's chairman and directors were scrutinized by the Bangladeshi Anti-Corruption Commission for their connection to the Panama Papers.[3] In 2020, the group completed succession takeover of the new generation from the original founders.[4][clarification needed] This led to a split within the group, and two core investor who owned 10% of the company filed legal complaints against the rest of the investors.[1]
In February 2022, United Group inaugurated the shopping arcade Centrepoint beside the country's main airport, Hazrat Shahjalal International Airport.[5] In 2024, the group bought out stakes of United Finance and United Insurance from Duncan Brothers.[6] In 2025, interim government reclassified the group's powerplant from IPP to captive power plants and required them to pay thousands of crores in arrears. United paid a portion and appealed the decision.[7]
In early 2026, a Dhaka court imposed travel ban on the company founder and former chairman along with two others for investigation into corruption allegations.[8]
In October 2026, BSEC ordered probe into insider trading by United Group official on UPGDC and Khulna Power Company.[9]
Sectors
- Centrepoint, Dhaka - Shopping mall
- M A Rashid Hospital[10]
- Medix Signature Clinic[10]
- Moulvi Tea Garden[11]
- Orange Solution - enterprise service[12]
- Teknaf Land Port[13]
- United College of Nursing[14]
- United Medical College and Hospital[10][15]
- Unimart - Shopping mall
- United Finance
- United Hospital (Now known as Continental Hospital)
- United International University
- United Ashuganj Power Limited - Combined cycle power plant[16]
- United Power Generation & Distribution Company (UPGDC)[12]
- United Makkah Madinah - Hajj agency[12]
- United Engineering & Power services - operation and repair services[12]
- United Securities - securities brokerage[12]
- United Energy - power plant fuel sourcing[12]
- United Sulpho - Chemicals Limited[17]
- United Lube Oil Ltd[18]
- United Tank Terminal[19]
- United Shipping & Logistics Services Ltd[20]
- United Aygaz LPG - LPG supplier
- United Maritime Academy (defunct)[4]
