Team Group has been recognised as a Superbrand in ready-made garment sector.
The award was presented by Brand Forum Bangladesh at a ceremony held at a hotel in the capital on Saturday.
According to a press release, Team Group deputy managing director Abdullah Hil Nakib received the award in the presence of Team Pharmaceuticals COO MA Monsur and Twelve Clothing COO Md Motiur Rahman.
Abdullah Hil Nakib said, 鈥榃e will continue to focus on building world-class brands while contributing to Bangladesh鈥檚 economy and creating value for our stakeholders. Taking forward his dreams through such initiatives is our way of showing love and respect for his vision.鈥�
With around 24,000 employees, the group generates an annual turnover of approximately $750 million 鈥� including $315 million from apparel manufacturing and $430 million from trading.
More than 100 factories currently collaborate with Team Manufacturing Company Ltd (formerly Team Sourcing).
The press release also stated that the Team Group began its journey in 2009 with apparel manufacturing and later expanded into apparel merchandising.
The late Abdullahil Rakib, founder and managing director of the group, also established a local Lifestyle fashion brand, Twelve Clothing, with the vision of transforming it into a global fashion label.
Over the years, Team Group has diversified its operations into several other sectors, including pharmaceuticals, real estate, and ICT.
Team Pharmaceuticals is currently exporting products to Afghanistan, Cambodia, and parts of Africa, while also catering to the local market.
Another concern of the group, Intellier, is a technology services company focused on delivering innovative applications and products across a range of software and hardware technologies.
It is also involved in developing smart industry solutions and executing various government projects.
