Confidence Group

History

Confidence Group was established in 1991 with the founding of Confidence Cement Limited by Kazi Shahidul Islam, Khurshid Anwar, Rezaul Karim, and Rupam Kishore Barua. Confidence Cement is listed on the Dhaka Stock Exchange.

The company was established Confidence Power in 2000. In 2002, Confidence Group established a partnership with Asian Paints to form Asian Paints Bangladesh Limited (APBL).{{cite web | access-date = 2012-07-08 | archive-url = https://web.archive.org/web/20120615013920/http://www.asianpaints.com/international_presence/ip_bangladesh.aspx | archive-date = 2012-06-15 | url-status = dead

Confidence Group signed an agreement with Bangladesh Power Development Board in 2011 to build an oil based powerplant in Chittagong in partnership with Rurelec PLC Limited and Energypac Power Generation Limited.

During the COVID-19 pandemic in Bangladesh, Bangladesh Independent Power Producers Association and Confidence Group distributed 2000 protective clothing to Bangladesh Police, Bangabandhu Sheikh Mujib Medical University, Kuwait Bangladesh Friendship Government Hospital, and Bangladesh Fire Service and Civil Defence. It donated 2 million BDT worth of testing kits in partnership with Shakib Al Hasan Foundation. Confidence Group received permission to build a 660 MW natural gas powerplant in Chittagong. Confidence Infrastructure Limited established a geotextile plant in Narayanganj District in June 2022. Former chairman of Confidence Group, Shamsul Alam, died in December 2022 from cancer.

In February 2023, Confidence Group signed a banking agreement with BRAC Bank Limited. Confidence Cement issued preference share worth 1.5 billion BDT.

Subsidiaries

• Confidence Cement Limited
• Confidence Ready Mix
• Confidence Infrastructure Limited
• Confidence Steel Export Limited
• Kirtonkhola Tower Bangladesh Limited
• Confidence Batteries Limited
• Digicon Telecommunication Limited
• MIME
• Confidence Power Holdings Limited
• Confidence Power Bogura Limited
• Confidence Power Bogura Unit 2 Limited
• Confidence Power Rangpur Limited
• Zodiac Power Chittagong Limited
• Confidence Oil And Shipping Limited
• Asian Paints Bangladesh Limited

References

References

1. (11 November 2018). "Local cement companies thriving over multinationals". Kazi Anis Ahmed.
2. (2022-07-24). "Newsweek highlights achievements of Bangladesh".
3. Nessa, Jebun. (2016). "Employee satisfaction and its relationship with employee turnover rate at Confidence Group".
4. (November 19, 2017). "Construction solution provider Axis begins operation". [[Dhaka Tribune]].
5. (4 June 2022). "Confidence Infrastructure inaugurates new geotextiles plant in Narayanganj".
6. (2023-02-13). "Brac Bank signs Employee Banking agreement with Confidence Group".
7. "Confidence Group".
8. (2023-02-19). "Confidence Cement to issue preference shares worth Tk150cr".
9. "About Asian Paints - Residential & Commercial Painting Services".
10. (2011-08-26). "PDB signs deals for three power plants".
11. (2020-03-23). "Confidence Group, BIPPA distribute 4000 PPE to police and medical staff".
12. (2020-04-04). "Shakib's foundation with Confidence Group to donate Tk20lakh to combat Covid-19".
13. "Confidence group gets govt nod for 660MW power plant".
14. (2022-12-09). "Shamsul Alam Bir Uttam passes away".
15. (2023-02-15). "Confidence Group to avail Brac Bank services".
16. (2023-02-19). "Confidence Cement to issue preference shares worth Tk150cr".
17. "Confidence Group".
18. "Confidence Group".
19. "Confidence Infrastructure Ltd.".
20. "Confidence Group".
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