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28 September 2021

Business Insider Bangladesh

Manwar Hossain elected chairman of Anwar Group

BI Report || BusinessInsider

Published: 19:16, 12 September 2021   Update: 19:51, 12 September 2021
Manwar Hossain elected chairman of Anwar Group

Manwar Hossain. Photo: File

Manwar Hossain has been elected as the new chairman of Anwar Group of Industries, which was founded by visionary entrepreneur and pioneer industrialist Anwar Hossain.

Manwar has replaced his father Anwar Hossain who died on August 17, 2021 in a hospital of Dhaka at the age of 83.

Before being elected as chairman, Manwar was the managing director of the conglomerate.

Anwar Group has a legacy of 184 years, but the foundation of the present Anwar Group is traced back to 1952 when Anwar Hossain pioneered the diversification of his family business. The group has now exposure in textiles, building materials, polymer, jute, automobile, real estate, furniture and home décor, steel, cement and jute etc.

The Group has set up many first industries, such as electrical cable, polyester fabrics, PTFE tape, UPVC fittings, and super enamel copper wire manufacturer and sponsor of the first private commercial bank in the country.

Manwar is the eldest son of Anwar Hossain and Bibi Amena. He was sent to St. Paul’s School Darjeeling, India under the tutorship of Harry Dang, once a teacher to Indian late Prime Minister Rajiv Gandhi. Later, he went to the University of New Hampshire, USA and completed his MBA in 1992.

He joined the family business in 1993 after his brief stint with BAY Bank in the USA. He was elected vice chairman of the City Bank. He is the chairman of BD Finance, a director of Modhumoti Bank, BD Finance Securities, BD Finance Capital Holdings and City General Insurance Company.