Success stories often emerge from untold struggles, unyielding dedication, and relentless hard work. Such is the case with KSRM Group of Industries, hailing from Chattogram. This pioneering company embarked on its journey almost four decades ago with shipbreaking, evolving into one of the nation’s premier steel manufacturers and holding the distinction of possessing the largest fleet of oceangoing ships, boasting a remarkable 23 bulk carriers.
Founded by Mohammed Shahjahan Kabir in his youth, the company’s ascent has been expertly guided by his sons, Sarwar Jahan Rokon and Shahriar Jahan Rahat. This legacy of growth, coupled with a commitment to quality, community support, and environmental sustainability, exemplifies the essence of KSRM Group’s mission and vision.
In the pursuit of constructing the cities of tomorrow, KSRM Group of Industries stands as a pivotal force. Aiming to provide consistent, internationally standardized steel products and to become a global leader in steel manufacturing, KSRM Group’s journey reflects its dedication to innovation, excellence, and societal well-being.
At A Glance: KSRM Group of Industries
| Group Name | KSRM Group of Industries |
| Establishment | In 1984 by Mohammed Shahjahan Kabir |
| Current Chairman/ MD/CEO | Mohammed Shahjahan Kabir (MD), Shahriar Jahan (DMD) |
| Major Business Area | Steel, Shipping, Ship Breaking, Cement, PP Bags, Power, Oxygen |
| Total Employee | 5,000 + |
| Address | Kabir Manzil, Sk. Mujib Road, Agrabad, Chittagong-4100 |
| Contact No | 88031711501-5, 8802333323792 |
| sales@ksrm.com.bd | |
| Fax | 880312525325, 88031710542, 880312513790 |
| Website | www.ksrm.com.bd |
| Career | Visit www.ksrm.com.bd/career or Here |
The Evolution of KSRM Group of Industries
The story of KSRM Group of Industries began with a journey of determination and resilience. In 1983, Mohammed Shahjahan Kabir, thrust into business leadership after his father’s passing, faced an uphill battle to secure financing for a shipbreaking yard in Chattogram.
Despite initial rejections from banks due to his young age and limited experience, he persisted. By 1991, his efforts bore fruit as he secured funds to import a scrap ship. However, adversity struck when the catastrophic cyclone of April 1991 claimed his vessel. Amid these challenges, a turning point emerged with the recovery of his ship. This marked the inception of KSRM’s growth trajectory.
From a modest steel mill with a handful of workers, the company has grown into a prominent player, annually producing 700,000 tons of rods and employing around 5,000 individuals. Diversifying into the cement industry and shipping sector, KSRM Group now boasts an impressive fleet of 23 oceangoing vessels and a portfolio of sister concerns, symbolizing its remarkable journey from adversity to triumph.
List of Sister Concerns of KSRM Group of Industries
Apart from its core business steel manufacturing, KSRM Group of Industries has extended its business to other industries like Shipping, Ship Breaking, Cement, PP Bags, Power, Oxygen, etc. The group of industries is having the following major business concerns:
- Kabir Ship Breaking Industries
- Khawaja Ajmeer Steel Industries
- Kabir Steel Ltd
- KSRM Steel Plant Ltd
- Khawaja Ship Breaking Ltd
- Kabir Oxygen Ltd
- Royal Cement Ltd
- KSRM Billet Industries
- Royal PP Bags Ltd
- KSRM Power Plant
CSR Activities KSRM Group of Industries
Recognizing the weight of responsibility that accompanies influence, KSRM Group of Industries is steadfast in its dedication to corporate social responsibility. The group firmly believes that with privilege comes duty, and it extends its support to those in need.
As a part of its CSR initiatives, KSRM stands beside the marginalized and disaster-affected individuals. This support is manifest in actions such as donating relief items to those impacted by natural calamities, aiding poverty alleviation efforts, and driving social development initiatives.
In a recent effort, KSRM offered relief materials to 500 flood-affected families in regions like Kanaighat, Jagannathpur, Gobindaganj, Dargapasha, Sunamganj, and Sadar Upazila of Sylhet District. Similarly, during the past winter, the group distributed warm clothing to 500 underprivileged female workers of tea estates in Komolganj upazila of Moulovibazar.
Beyond this, KSRM’s CSR endeavors also encompass activities like raincoat distribution in Cox’s Bazar and contributing a vehicle to the CDP.
The Prospects and Challenges for KSRM Group of Industries’ Future
The steel industry in Bangladesh holds a promising future, propelled by a 15% annual growth rate and a surge in construction activities aligned with the country’s economic expansion. However, concerns loom regarding potential market saturation due to the influx of investments. KSRM Group, with a production capacity of 90 lakh tons against a demand of 75 lakh tons, anticipates this dynamic. Despite ongoing growth, the company refrains from expanding its capacity further.
Challenges persist, chiefly encompassing water, gas, and electricity shortages. The gas crisis has somewhat eased with LNG supply, yet water scarcity remains a pressing issue, posing a threat to production. Transport limitations, both in terms of road capacity and port efficiency, exacerbate operational costs and delays.
The steel industry’s heavy tax burden, particularly on raw material imports, impacts government projects and consumer purchasing power. While revenue generation is vital, a more balanced approach is essential. Improved infrastructure, including upgraded roads and expanded port capacities, could alleviate operational challenges. Navigating these obstacles while fostering policy changes will be key to KSRM Group’s sustainable growth.
Conclusion
In the evolving landscape of Bangladesh’s industrial sector, the journey of KSRM Group of Industries stands as a testament to resilience, innovation, and determination. From its humble beginnings in shipbreaking to becoming a leading steel manufacturer and a key player in the shipping industry, KSRM’s story encapsulates the spirit of entrepreneurship.
As the company marches forward, its commitment to quality, sustainability, and community support remains unwavering. While the steel industry is poised for continued growth, addressing challenges such as infrastructure limitations and policy adjustments will be critical. KSRM Group’s legacy is defined not only by its remarkable achievements but also by its proactive approach to shaping a robust and responsible industrial future.
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