Walton Group

Walton Group
Private Limited Company
Industry Conglomerate
Founded 1977 (1977)
Headquarters Kaliakair, Gazipur, Bangladesh
Area served
 Bangladesh
Key people
 S.M. Nurul Alam Rezvi (Vice-Chairman)
Products Consumer Electronics, Automobile, Mobile Phone, Home Appliances
Number of employees
 21,000+
Website waltonbd.com

Walton (Bengali: ওয়াল্টন) is a conglomerate based in Kaliakair, Bangladesh. It comprises numerous subsidiaries and affiliated businesses, most of them united under the Walton brand. The subsidiaries include Walton Motors, Walton Mobile and Walton Electronics. Walton produces electronics, motor vehicles, and telecommunications products.[1][2]

History

Walton Group of Industries was founded by S.M Nurul Alam Rezvi in 1977 as a trading company. Over the next three decades the group diversified into steel, textiles, electronics and automobiles. Walton entered into the steel industry in late 1970s and the electronics and automobiles in early 2000s; these areas would drive its subsequent growth. Since the 2000s Walton has expanded towards electronics and automobiles and these became its most important sources of income.

Walton is one of the highest taxpayers in Bangladesh and has a strong impact on the country's economy. It is the largest manufacturer of household refrigerator having maximum market share in Bangladesh. Walton has received the Best Taxpayer Award at the just-concluded Dhaka International Trade Fair (DITF) 2015 for the seventh time.[3] It was awarded for its export revenues. Walton received awards at the 2013 Dhaka International Trade Fair (DITF), including one for paying the most taxes.[4]

Products

Walton distributes 4,500 types and models of electric, electronic, and automotive goods that it imports, assembles, or manufactures.[1] As of 2017 handsets it assembles in China had captured 5% of the mobile phone market in Bangladesh.[5] In 2015, it manufactured 80% of the refrigerators, 30% of the televisions, and 6% of the motorcycles sold in Bangladesh.[6][7] It also has the capacity to manufacture 300,000 air conditioners a year.[7]

Awards

International

  • 1st Prize for Highest VAT Payer, DITF-2017[8]
  • First Prize for Premier Pavilion Category, DITF-2017
  • 1st Prize for Highest VAT Payer, DITF-2016
  • First Prize for Premier Pavilion Category, DITF-2016
  • The Golden Globe Tigers Summit Awards, 2015
  • 1st Prize for Highest VAT Payer, DITF-2015
  • Global Brand Excellence Awards, 2014
  • 1st Prize for Premier Pavilion Category, DITF-2014
  • 1st Prize for Highest Tax Payer, DITF-2014
  • 1st Prize for Premier Pavilion Category, DITF-2013
  • 1st Prize for Highest VAT Payer, DITF-2013
  • 1st Prize for Highest Export Order and VAT Payer, DITF-2012
  • 1st Prize for Premier Pavilion Category, DITF-2009
  • 1st Prize for Premier Pavilion Category, CITF-2005
  • 1st Prize for Standard Pavilion Category, CITF-2004

National

  • Best Refrigerator Brand Award-2014
  • DHL- Daily Star Bangladesh Business Award-2014
  • Best Brand (Number Five as Local Brand) Award-2011
  • Best Brand (Refrigerator) Award-2011[9]

References

  1. 1 2 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. ↑ Rahman, Md Mahfuzur (10 February 2015). "Walton receives Best Taxpayer Award at DITF". risingbd.com. Retrieved 18 May 2015.
  4. ↑ "Walton gets 1st prize in Premier category at DITF". The Financial Express. Dhaka. 2 February 2013. Retrieved 24 March 2013.
  5. ↑ Bhuiyan, Mehdi Musharraf (21 January 2017). "Smartphone craze drives mobile market boom in Bangladesh". The Financial Express. Dhaka. Retrieved 11 June 2017.
  6. ↑ Hasan, Jubair (5 April 2015). "Global motorbike makers in rat race to grab BD market". The Financial Express. Dhaka. Retrieved 11 June 2017.
  7. 1 2 Chowdhury, Sarwar A. (3 October 2015). "Walton: Made in Bangladesh". The Daily Star. Retrieved 11 June 2017.
  8. ↑ "Walton At Every Home". www.waltonbd.com.
  9. ↑ "Walton At Every Home". www.waltonbd.com.
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