A Tale of Growth and Rejuvenation
In the dynamic world of business, few tales are as compelling as that of Team Group, a beacon of innovation and resilience in Bangladesh’s corporate landscape. Under the visionary leadership of Abdullah Hil Rakib, this conglomerate has not only redefined success but has also played a pivotal role in revitalising industries that once seemed lost.
From humble beginnings to a business behemoth
The story of the Team Group is intrinsically tied to Mr. Rakib's journey. His ambition was unambiguous from the start: to craft a globally recognised, forward-thinking organisation. In 2009, this dream took root with Team Sourcing & Co. Ltd. and four RMG manufacturing units. Fast forward to today, and what began as a modest venture now boasts 13 thriving business units and a workforce of 20,000 dedicated individuals.
It's worth noting that the Team Group's growth wasn't merely organic. Team Group acquired four factories in 2009 when it started its operations. 4A Yarn Dyeing, Brothers Fashion Ltd., Southend Sweater Co. Ltd and Gramtech Knit Dyeing & Finishing Garments Industries Ltd
They strategically infused life into industries that had been left behind. For instance, Mars Stitch Limited and C.B.M. International Ltd., once dormant factories, were acquired and rejuvenated under the Team Group's banner. This proactive approach to business is a testament to their commitment to not just growth, but sustainable and inclusive growth.
A tapestry of diverse ventures
While Team Group's roots lie in the RMG sector, their aspirations knew no bounds. Their diversification strategy was evident when Twelve Clothing was launched in 2012. This brand, which transitioned into a private limited company in 2019, now graces the country with 38 retail outlets, solidifying Team Group's prowess in adapting to market demands.
Their foray into the pharmaceutical sector is another feather in their cap. Team Pharmaceuticals Limited, in a relatively short span, has emerged as a formidable player in Bangladesh's pharma arena. With 132 products under their belt and a robust export portfolio, they've carved a niche in a fiercely competitive market. The addition of Pharma IMEX Limited in 2019 further bolstered their pharmaceutical footprint.
In 2018, the tech world witnessed Team Group's innovative spirit with the introduction of Intellier. In a remarkably short span, Intellier's product, Nidle, earned national acclaim by winning awards. Other Intellier products include Trims ERP, iPOS, E-Commerce Solution, ESG Dashboard etc. Some more services offered by Intellier include Mobile Apps, Web Solutions, IoT Solutions, AI and ML Solutions, Software Testing Services etc.
Real estate is yet another domain where Team Group has made its mark. Team Developers Limited, established in 2019, is not just offering housing solutions but is also championing sustainable building practices, setting a new standard in the industry.
Accolades: a testament to excellence
While Mr. Rakib's personal achievements, including the esteemed Kotler Award in 2023 and accolades from the Marketing Alumni Association, are commendable, the company's collective accolades, including multiple prestigious awards from the ICT Division and the Bangladesh Brand Forum, among many others, deserve equal spotlight. These recognitions are not just a nod to their excellence but also a testament to their unwavering commitment to industry and nation-building.
Mr. Rakib's leadership extends beyond business. As a three-time director of BGMEA, he has been instrumental in initiatives like the New Market Development and the Innovation Centre. Furthermore, his role as a member of the Board of Trustees at BUFT showcases his dedication to the broader community.
A legacy in the making
Team Group's narrative is more than just a business success story. It's about visionary leadership, diversification, and an unwavering commitment to sustainable and inclusive growth. From revitalising the RMG sector to making strides in pharmaceuticals, IT, real estate, and retail, Team Group's journey is emblematic of what's possible with the right vision and ethos.
As we gaze into the future, Team Group stands as a paragon of promise and progress. Their legacy, built on innovation, sustainability, and inclusivity, is set to inspire countless entrepreneurs and visionaries for generations to come.