Wikipedia

Walton Group

brand of R.B Group of Industries

Walton (Bengali: ওয়ালটন) is a large company in Gazipur, Bangladesh. Its establishment started in 1977 by S.M. Nazrul Islam. The products produced from this company range from electronics and home appliances to mobile phones, cars, and many others. The parent organization is Walton Hi-Tech Industries PLC.[1][2]

Walton Group
Company typePublic Limited Company
DSE: WALTONHIL
CSE: WALTONHIL
Industry
Founded1977; 47 years ago (1977) commencement of business activities
2008; 16 years ago (2008) debuted as Walton Group
FounderS.M Nazrul Islam
HeadquartersKaliakair, Gazipur, Bangladesh
Area served
Worldwide
Key people
  • S.M Shamsul Alam (Chairman)
  • S.M. Ashrful Alam (Vice-Chairman)
  • S.M. Mahbubul Alam (Managing Director)
  • S.M. Nurul Alam Rezvi (Director)
  • S.M. Rezaul Alam (Director)
  • S.M Monjurul Alam (Director)
  • Raisa Sigma (Director)
  • Tahmina Afrose (Director)
  • Sabiha J. Orona (Director)
  • Nishat Tasnim Shuchi (Director)
Products
List
Brands
List
ServicesElectronics manufacturing services
RevenueIncrease ৳81.68 billion (US$760 million)
(FY 2022)
Decrease ৳18.7 billion (US$170 million)
(FY 2022)
Increase ৳12.17 billion (US$110 million)
(FY 2022)
Total assetsIncrease ৳160.44 billion (US$1.5 billion)
(FY 2022)
Total equityIncrease ৳101.38 billion (US$950 million)
(FY 2022)
Number of employees
30,000+
Websitewaltonbd.com
waltondigitech.com

Walton employs more than 30,000 people; hence, it is among the largest employers in the country. They have more than 1,000 stores called “Walton Plaza” and are also in China, India, and the USA.[3][4]

Walton is important in Bangladesh’s economy, especially in electronics, real estate, and retail.[5][6][7][8] In 2019, it was the second-largest corporate donor in Bangladesh.[9]

Acquisitions

change

In April 2022, Walton bought three European brands. They plan to make 4.8 million compressors each year. This made Walton the first Bangladeshi company to buy foreign brands.[10][11]

Manufacturing and production

change
  • In April 2017, Walton started the first compressor factory in Bangladesh.[12]
  • In April 2017, Walton also started the first smartphone factory in Bangladesh.[13]
  • In January 2018, Walton opened the first computer and laptop factory in Bangladesh.[14]
  • In April 2020, Walton said they would start making ventilators.[15]

Subsidiaries

change

The conglomerate includes one publicly traded company and over ten privately held companies:

  • Walton Hi-Tech Industries PLC (public)[16]
  • Walton Digi-Tech Industries Ltd.[17]
  • Walton Plaza
  • RB Group of Companies Limited
  • Walton Corporation Limited
  • Walton Micro-Tech Corporation
  • Dream Park International
  • Walton Shipping & Logistics
  • Walton Chemical Industries
  • Skyroute Media Ltd.
  • Walton Agro Farm & Industries
  • Walton Motor Industries Ltd.

References

change
  1. ↑ "Walton launches affordable e-bike". The Business Standard. 2023-02-13.
  2. ↑ "Consumers show great interest in Walton Smart Refrigerators in Ctg Trade Fair". Risingbd.com. Archived from the original on 2023-03-10.
  3. ↑ "Bangladesh-India Friendship Pipeline will contribute to energy security: Nasrul". The Business Standard. 2023-03-10.
  4. ↑ "Walton buys 3 European brands to make 4.8m compressors a year". The Business Standard. 2022-04-06.
  5. ↑ "Walton eyes becoming leading global brand". Risingbd.com. Archived from the original on 2023-03-10.
  6. ↑ "Walton achieves Superbrand award for 2nd consecutive time". Dhaka Tribune. 2023-02-13.
  7. ↑ "Walton 1st Bangladeshi company to be featured in Nat Geo's 'Superfactories' Feb 26". The Daily Star. 2022-02-25. Archived from the original on 2024-04-19.
  8. ↑ "ATPF delegation visits Walton headquarter; overwhelmed by Bangladesh's progress in electronics industry". The Business Standard. 2022-10-23. Archived from the original on 2023-03-10.
  9. ↑ "Awards". waltonbd.com. Archived from the original on 2023-03-10.
  10. ↑ Report, BI (6 April 2022). "Walton acquires 3 European brands beating int'l bidders". Business Insider Bangladesh. Retrieved 14 September 2024.
  11. ↑ Tuhin, Ahsan Habib; Noyon, Abbas Uddin (6 April 2022). "Walton buys 3 European brands to make 4.8m compressors a year". The Business Standard. Archived from the original on 6 July 2022. Retrieved 14 September 2024.
  12. ↑ "Walton Compressor: Country's first and only compressor manufacturing factory". The Business Standard. 2020-07-28. Archived from the original on 2022-04-11. Retrieved 2022-06-05.
  13. ↑ "Walton inaugurates country's first smartphone factory". banglanews24.com (in Bengali). 2017-10-05. Archived from the original on 2022-11-08. Retrieved 2022-06-05.
  14. ↑ "Walton to open first ever computer assembly plant on Thursday". Dhaka Tribune. 2018-01-17. Retrieved 2022-06-05.
  15. ↑ "Walton ventilators ready for clinical trials". The Business Standard. 2020-04-28. Archived from the original on 2020-05-23. Retrieved 2020-08-25.
  16. ↑ "Home". Walton Hi-Tech Industries PLC. Archived from the original on 2013-08-19. Retrieved 2024-09-14.
  17. ↑ "Home". Walton Digi-Tech Industries Limited. Archived from the original on 2024-09-05. Retrieved 2024-09-14.
Retrieved from "https://simple.wikipedia.org/w/index.php?title=Walton_Group&oldid=9802125"