Type Public Limited Company Founded 1981 | Industry Financial Services | |
Native name ইন্ডাস্ট্রিয়াল প্রোমোশন এন্ড ডেভলপমেন্ট কোম্পানি অব বাংলাদেশ লিমিটেড Founder The Government of the Peoples Republic of Bangladesh (GOB), The Aga Khan Fund for Economic Development (AKFED), International Finance Corporation (IFC), German Investment and Development Company (DEG), Commonwealth Development Corporation (CDC) Headquarters Hosna Centre (4th floor), 106 Gulshan Avenue, Dhaka, Bangladesh Key people Sulaiman Ajanee (Chairman)
Mominul Islam (Managing Director & CEO) | ||
Industrial Promotion and Development Company of Bangladesh Limited, widely known as IPDC of Bangladesh Limited or IPDC, is a private sector non-bank financial institution in Bangladesh. This is a public limited company and listed in both Dhaka Stock Exchange and Chittagong Stock Exchange. Established in 1981, IPDC is the first private sector financial institution of the country. The company's products and services ranges from corporate finance and advisory services in corporate sector, middle market supply chain finance in SME sector to retail wealth management and retail finances in retail sector. The company is headquartered in Dhaka and has operations in Chittagong and Sylhet.
History
IPDC was first conceived as a result of an IBRD/IFC Industrial Sector mission to Bangladesh in 1978. Subsequently, a detailed feasibility study and strategic policy dialogue among the Government, IFC and other international partners resulted in the establishment of IPDC as an alternative development finance institution in the private sector. The Company in 1981 became the first private sector Development Finance Institution (DFI) in Bangladesh.