Mostafa Group of Industries – A Brief! The journey of Mostafa Group began from a small Trading Business in 1952 which today has turned into one of the biggest and oldest conglomerates in Bangladesh. There was no Midas touch towards this metaphorical change in such a short span of over 60 years. It was rather hard work, dedication, innovation and forward-thinking of one man – a young visionary A
l-haj Mostafizur Rahman, the Founder of Mostafa Group of Industries. The contribution of the Founder became benchmark for the entire industrial sector of the country and he became an example for the business community as a whole. It became possible only for his hard-work, dedication, intelligence, and courage to take risk. His farsightedness and innovative character were the hallmark of his business. Mostafa Group of Industries is a multi-diversified Conglomerates in the country engaged in Manufacturing and Service Orient Industries since 1952. Under the dynamic leadership of the founder the business grew in size and volume. Consequently, in 1983 the businesses emerged as “Mostafa Group” (MG) and became one of the leading conglomerates in the country. MG set up a group of highly experienced, well-educated and financially sounds Bangladeshi promoters who have excellent track record in Industrial and trading business operation who, over the period, have gained commendable practical experiences in various type of manufacturing and trading business. We have a Vision…
Without, therefore, having a clear and understandable vision; the achievement of success will be a far cry. Clear vision saves hours of wasted efforts. Our vision is therefore to be the most vibrant & the best diversified Group of Companies in the country. Following is a set of vision which would ultimately take the Group to its objectives:-
• To meet the stakeholders commitment by taking service to new heights of excellence.
• To be more competitive.
• To strive hard to optimize profit through conduction of transparent deal.
• To ensure more revenue to the nation.
• To implement a modern, scientific and dynamic corporate system which itself will drive the workforce effectively and efficiently.
• To establish a system with interlocks that itself will drive individuals to work efficiently – need not to trust or disbelief anyone.
• To create adequate jobs.
• To establish an MIS/Daily Reporting System in every department so as to remain updated with necessary information which will enable departments/divisions/Group to come to an effective and timely decision and allow a solid, sustainable, physical, practical and realistic growth in all the units of the Group.
• To reach ahead with Group’s slogan “For a Bright Future”.
• To establish ahead an ultimate “Brand Value”. Our Mission Is …
….. to focus on quality growth, superior customer experience and sustainable business practices along with –
• Accelerating industrialization and services
• Delivering quality and affordable price
• Contributing to foreign remittance reserve through increasing export
• Reducing import dependencies
• Generating employments and reducing poverty
• Building manpower at per global standard
• Positioning Mostafa Group as a standard for competitors
• Discharging social responsibilities. Our Strategy Is To …
…… to pursue Mostafa Group’s vision; our corporate strategies should be focused on generating superior returns and cost minimization in terms of growth in revenue through minimum product pricing and contribution to national development. Our Goals & Objectives…
Ensure uncompromisingly high quality products to our local and International customers
Engender pride in being member of Mostafa Group
Profit Maximization, Cost Minimization & Control Cost Strictly
Together Making Progress
Result Oriented Outcome
Ensure Customer Satisfaction & Loyalty by Timely Communication and Delivery of Products and Services
Ensure compliance with the environmental and safety standards
Ensure that wastage is minimized and recycled materials are used appropriately
Ensure better than market growth every year
Ethical Business
Human Capital
Motivation
Create Paperless work Environment
Enhance Accountability and Good Chain of Command
New Vision, Innovation & Creativity
Solid, Realistic, Physical and Sustainable Growth in Quality, Environment, Profit, Asset, Turnover, Goodwill, Company and Brand Images etc. Improving Efficiency and Productivity through highest standard of Training and Competency
Proper International Standard Quality Maintenance – Global Best Practices
Enhance Strong Market Network
Maintain Control in all Business Process and Functions
Achieve Target Market
Enhance Corporate and Brand-image Goodwill
More Informative and Result Oriented Workforce
Ensure transparency in all areas
Build-up pro-active, profit-oriented, service-oriented, cost-minimization and positive attitude among all
“END” means not ending, makes it “Effort Never Dies” and “NO” turns to “Next Opportunity”. Our Core Values …….. Leadership ǀ Dedication ǀ Professionalism ǀ Ownership ǀ Team work ǀ
Commitment ǀ Quality ǀ Customer Focus ǀ Transparency ǀ Accountability ǀ
Continuous Improvement ǀ Equal Opportunity ǀ
Community ǀ Competitiveness ǀ Efficiency ǀ
Innovation ǀ Creativity ǀ Technology ǀ
Ethics ǀ Honesty ǀ Integrity ǀ Trust & Respect ǀ
Safety & Security ǀ Compliance ǀ Eco-friendly ǀ
Passion ǀ Fairness ǀ Simplicity
Our Core Businesses
Agro based Industries & Products
Fast Moving Consumer Goods/Products
Service oriented Businesses
Manufacturing Businesses
Health Care
“Our Slogan”
“For a Bright Future”
Our Strength lies in ….
• Long experience since 1952
• Well-known reputation
• Well established set-up
• Financial capabilities
• Good corporate link
• Good will
• Trustworthiness
• Accountability
• Lessons learnt from past
• Market knowledge
• Management Expertise
• Strategic and vast land base & fixed investment
• Knowledge based public relations
• Access to top level management of big corporate
• Good liaison with Government regulatory bodies
• Access to Policy Makers
• Legacy of Sound Business Practice and Brand Image
• Strategic Alliance with Multinational Companies
• Strong local and international network
• Nation-wide Sales and Distribution network
Management – the way it works! With the increase in volume of business & to cope with the multidimensional and dynamic business environment, bringing in a corporate structure in the Group was but essential. A Board of Directors of 8 members provides the most dynamic business decisions. Hefazatur Rahman took over the Chairmanship after the death of the founder – late Al-haj Mostafizur Rahman in 2004. Jahir Uddin, a western-educated Director of the Board, shapes up the activities of the Group as its Managing Director & CEO. Since emerging as a Group in 1983, it has adopted a corporate structure combining a workforce of professional managers with that of the values and ideals of the Group which was instrumental in developing the Group to a considerable extent. A total of 6000 employees form the backbone of the Group who work tirelessly to retain and carry forward the image set by its founder. To facilitate efficient functioning and coordinating its activities, units/subsidiaries were put under broader divisions. CORPORATE SOCIAL RESPOSIBILITY
Since inception, Group under its respected founder has since contributed generously for the social upliftment of the under privileged & backward areas. A number of social, cultural, religious, educational and charity institutions stand testament to that, namely;
1. Mostafa Begum Girls High School
2. Al-haj Mostafizur Rahman College
3. Shahi Dorbeshi Jame Masjid
4. Southern University
5. Independent University, Bangladesh
