Walton Group

Walton (Bengali: ওয়ালটন) is a Bangladeshi conglomerate based in Gazipur, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile, Walton Electronics, and Walton Hi-Tech Industries Limited. Walton produces electronics, computers, motor vehicles, and telecommunications products. It is the first Bangladeshi brand to launch mobile phones in the market[1][2] and also the first fridge compressor manufacturing company in Bangladesh since 2017.[3][4]

Walton Group
TypePublic Limited Company
DSE: WALTON
CSE: WALTON
IndustryTelecommunications

Consumer Electronics Information technology Smartphones

Electronics
Founded1977 (1977) commencement of business activities
2008 (2008) debuted as Walton Group
FounderS.M Nazrul Islam
HeadquartersKaliakair, Gazipur, Bangladesh
Area served
Worldwide
Key people
S.M Nurul Alam Rezvi Chairman
S.M Shamsul Alam, Director
S.M Ashraful Alam, Director
S.M Mahbubul Alam, Director
S.M Rezaul Alam, Director
S.M Manjurul Alam, Director
Tahmina Afroz, Director
Raisa Sigma, Director
Golam Murshed (CEO)
Products
ServicesElectronics manufacturing services
RevenueUS$867 million (2021)
US$327 million (2021)
Total assetsUS$1.58 billion (2021)
Total equityUS$1.09 billion (2021)
Number of employees
21,000+
Subsidiaries
Websitewaltonbd.com

History

S.M Nazrul Islam is the founder of Walton Group. Nazrul started his career as a small businessman. After the independence, he started a separate business. In 1977, he founded a new company named after his eldest son S.M Nurul Alam Rezvi called Rezvi & Brothers, abbreviated as R.B. Group.[5] At that time, they used to import televisions. The company made its debut in 2008 as the Walton Group by starting refrigerator manufacture. When S.M Nazrul Islam died in 2017, his eldest son S.M Nurul Alam Rezvi took over as chairman of the company.[6]

Products

In April 2020, Walton announced plans to produce ventilators.[7]

References
  1. Rahman, Saifur (6 March 2012). "Bangladesh electronics giant Walton enters GCC market". Gulf News.
  2. Showkat, Asif (29 January 2012). "Walton will be global brand by 2015". Daily Sun. Archived from the original on 30 August 2013.
  3. "Walton Compressor: Country's first and only compressor manufacturing factory". The Business Standard. 2020-07-28. Retrieved 2022-04-11.
  4. "Walton sets up first-ever compressor manufacturing plant". Dhaka Tribune. 2017-04-07. Retrieved 2022-04-11.
  5. 'ওয়ালটন ' এক যুগেই দেশের শীর্ষ কোম্পানি, retrieved 2021-11-11
  6. হোসেন, শওকত. "এক যুগেই দেশের শীর্ষ কোম্পানি". Prothomalo (in Bengali). Retrieved 2021-11-11.
  7. "Walton ventilators ready for clinical trials". The Business Standard. 2020-04-28. Retrieved 2020-08-25.
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