SQUARE today symbolizes a name – a state of mind. But its journey to the growth and prosperity has been no bed of roses. From the inception in 1958, it has today burgeoned into one of the top line conglomerates in Bangladesh. Square Pharmaceuticals Ltd., the flagship company, is holding the strong leadership position in the pharmaceutical industry of Bangladesh since 1985 and is now on its way to becoming a high performance global player.
SQUARE today is more than just an organization, it is an institute. In a career spanning across four and half decades it has pioneered the development of the local business in fields as diverse as Pharmaceuticals, Toiletries, Garments, Textile, Information Technology, Health Products, Food Products, Hospital, etc. With an average Annual turnover of over US$ 200 million and a workforce of about 3500 the SQUARE Group is a true icon of the Bangladesh business sector.
SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in Bangladesh and it has been continuously in the 1st position among all national and multinational companies since 1985. It was established in 1958 and converted into a public limited company in 1991. The sales turnover of SPL was more than Taka 11.46 Billion (US$ 163.71 million) with about 16.43% market share (April 2009– March 2010) having a growth rate of about 16.72%.
SQUARE first ventured into the textile sector with the establishment of the first unit of the SQUARE Textiles Ltd. in 1997. A year later the establishment of the second unit followed. Today it has one of the most sophisticated vertically integrated set-ups in the country. Some of SQUARE Group's ventures in the textile arena are: SQUARE Textiles Ltd., SQUARE Spinnings Ltd., SQUARE Fashions Ltd. SQUARE Yarns Limited and RASTAS Apparels Ltd.
SQUARE Toiletries Ltd. started its journey in 1988 with a single product as a separate division of SQUARE Pharmaceuticals. In 1994, SQUARE Toiletries Ltd. becomes a Private Limited Company. At present, STL is the country's leading manufacturer of international quality cosmetics and toiletries with over 50 products. Currently, STL is Carrying out its production in its two automated plants at Rupsi and Pabna. Depending on the nature of products, formulation and packaging, STL has product specific machinery. STL uses raw materials from the world renowned suppliers like Dragoco, Firmeuich etc. STL always performs international standard production process which follows the Good Manufacturing Practice (GMP).
SQUARE has setup a plant tissue culture laboratory to develop agricultural/agro processing sector in the country and is committed to bring improved quality planting materials and year round production through AgriBiotech. The major activities of AgriBiotech is to provide disease free, stress free, high yielding seed & seedlings such as potato, banana, ginger, turmeric and some flowers including varieties of orchids to the farmer & nurserymen to solve quality seed problems in this agro based country. Well equipped around 4000 square feet tissue culture laboratory is situated at Uttara, a convenient location, having careful designing and planning, facilitated to produce 10,00000 seedlings per year. The other activities of this project will be of research and development in the field of Biotechnology to protect some of endangered medicinal plant and to bring some new as cane, rattan, bamboo which is almost extinct in the country.
Square Food & Beverage Limited started its operation as an individual company. Within a very short span of time SCPL has drawn the attention of the consumers by providing quality products and preferred services.
Square Air Ltd, a member of Square Group has launched helicopter service recently. In order to facilitate the movement safely and comfortably for top executives, as well as Air ambulance/ EMS service for Square Hospital, Square Air has purchased a brand new world renowned Bell 407 helicopter.
Aegis Services Limited is a sister concern of SQUARE Group. Realizing the necessarily of a professional security organization for the protection various industries, plants, projects and houses Square Pharmaceuticals Limited took the venture to organize a modern, well trained and professional security organization which was given the name “Aegis Services Limited”. ‘Aegis’ means impregnable protection or shield. This name is to denote Aegis will protect the interest of the company from outside security threats like a shield. This well trained personnel’s of Aegis are devoted to protect the assets of square group and selected clients out side of square.
SSML (Square Securities Management Limited), a concern of leading industrial group SQUARE having the Membership in Dhaka Stock Exchange Limited & Chittagong Stock Exchange Limited is dealing with trust in the Capital Market. SSML is also a full service DP of Central Depository Bangladesh Limited. Since its inception in 1998 SSML is providing best services to the clients by a smart and dedicated working team with a high technical support. As a part of expansion it is opening Branches in different location and different districts in the country to provide the brokerage services of substantial and diversified clients including corporate, financial institutions and high net-worth individuals.
SQUARE Hospitals Ltd., a concern of Square Group, is a 300 bed tertiary care hospital. The hospital is an affiliate partner of Methodist Healthcare, Memphis, Tennessee, USA; Christian Medical College-Vellore, India; and Care IVF (In-vitro fertility centre) Centre, Singapore. Square Hospitals' vision is to become the location of choice for Bangladeshis and people of South and South East Asia for quality healthcare, as well as an integrated centre for clinical services, medical and nursing education and research. The hospital is located in the heart of Dhaka and aims to serve a greater portion of the capital city. At present it comprises two buildings on either side of Panthapath connected by an over-bridge. The main hospital building is 18 storied tall and is approximately 450,000 sq.ft. The second building (ASTRAS) is located across the street and is 16 storied with 136,000 sq.ft. Both facilities are constructed in accordance with the US Fire and Building safety standards. The outpatient department of this hospital can serve up to 1200 patients daily, through 60 examination rooms. To ensure optimum healthcare-hospitality, the patients are closely monitored in their waiting times in the outpatient clinics, emergency and admissions.