What Multimode Group does

Multimode Group is a privately held Bangladeshi conglomerate founded in 1981 by Abdul Awal Mintoo, operating across 11 industries through 12 subsidiary and associated companies with 12,500 employees. Its portfolio spans agriculture (Lal Teer Seed, Bangladesh's largest biotech seed company; Lal Teer Livestock Development, which decoded the water buffalo genome), consumer goods (CG Foods Bangladesh's Wai Wai noodles joint venture with Nepal's Chaudhary Group; MFCL, distributor of Johnson & Johnson, Wipro, and Lifescan products), energy (Multimode Energy Resources, pivoting into solar and oil/gas/LNG), IT and telecom (Multimode Limited, which introduced Western Union and Microsoft to Bangladesh), recycling (BPCL, the country's first and only post-consumer PET recycling facility producing 10,000 MT annually), textiles (Dulamia Cotton, publicly listed and retooling for rPET yarn; Joongbo Multimode Chemicals' Jumbolene PE Foam), transport consulting (MTCL), real estate (A & A Investment's Anchor Tower), and strategic financial stakes in National Bank Ltd and Pragati insurance companies.

The conglomerate's technology base is heterogeneous across subsidiaries: Lal Teer operates advanced biotech seed research across all 64 Bangladesh districts, Lal Teer Livestock conducts genomic research, and Multimode Limited develops software for Fintech and telecom platforms. Revenue mechanics span product sales (seeds, noodles, FMCG goods, PET resin, yarn, PE Foam), distribution fees (IT and FMCG distribution networks), professional services (transport consultancy), rental income (Anchor Tower commercial real estate), and returns on strategic financial investments. The group monetizes through multiple channels including direct field sales to farmers, one of Bangladesh's largest FMCG distribution networks, the country's largest IT reseller network, and international exports of Wai Wai (30+ countries) and recycled PET resin.

Multimode's business model is anchored on first-mover and scale advantages across multiple Bangladesh sectors, with the founder's two-term presidency of the Federation of Bangladesh Chambers of Commerce and Industries providing significant policy and industry access. The group operates without disclosed PE/VC backing, holding diversified wholly-owned subsidiaries except for CG Foods (joint venture with Chaudhary Group) and Dulamia Cotton Spinning Mills (publicly listed on Dhaka Stock Exchange and Chittagong Stock Exchange). Its 40+ year track record includes pioneering Bangladesh's first private natural gas exploration, first private-sector seed research lab, and first glass commercial complex (Anchor Tower, 1995).

Name

Multimode Group

Legal name

Multimode Group

Website

https://multimodebd.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1–10 employees

Short description

Multimode Group is a privately held Bangladeshi conglomerate operating 12 subsidiaries across 11 industries — agriculture, consumer goods, energy, IT/telecom, recycling, textiles, transport, and real estate — with 12,500 employees, serving farmers, telecom operators, FMCG consumers, and industrial buyers in Bangladesh and 30+ countries.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate (Agriculture, FMCG, Petrochemicals, IT & Telecom, Energy, Textiles, Real Estate)

NAICS

Artificial and Synthetic Fibers and Filaments Manufacturing (325220), Petrochemical Manufacturing (32511), Other Snack Food Manufacturing (311919)

SIC

Textile Mill Products (2200), Broadwoven Fabric Mills, Man Made Fiber & Silk (2221)

akta.pro primary industry

Recyclable/Mono-Material Flexible Packaging (PE/PP-Based, Compatibilized Structures) (IMALABAN)

akta.pro secondary industries

Blow-Molded Multilayer/Barrier Packaging (EVOH, Coex) (IMANAGAN), Compostable & Bio-Based Packaging (PLA/PHA, Starch Blends, Cellulose Films) (IMALAMAB)

Keywords

• Diversified conglomerate
• Agricultural biotechnology
• PET bottle recycling
• FMCG distribution
• Fintech software

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Agriculture & Biotechnology: Lal Teer Seed (Bangladesh's largest biotech seed company) and Lal Teer Livestock Development generate revenue through the sale of high-quality seeds and livestock genetics, semen production, and related agricultural products across 64 districts, expanding globally to South Asia and beyond.
2. Consumer Goods & FMCG: CG Foods Bangladesh (Wai Wai noodles brand), MFCL (distributor for J&J, Clean & Clear, Listerine, OneTouch, Wipro), and Joongbo Multimode Chemicals (Jumbolene PE Foam) generate revenue through product sales and distribution across Bangladesh and export markets.
3. IT & Telecom Solutions: Multimode Limited develops software for Fintech and telecom platforms and previously built Bangladesh's largest reseller distribution network for global software brands (Microsoft, Red Hat, Trend Micro). Revenue from IT services, software development, and distribution.
4. Energy: Multimode Energy Resources previously operated gas exploration in multiple blocks (awarded to Chevron), and is now diversifying into solar power and upcoming oil, gas, and LNG projects.
5. Recycling & Petrochemicals: Bangladesh Petrochemical Company (BPCL) operates Bangladesh's only post-consumer PET bottle recycling factory, producing 10,000 MT of recycled PET annually, supplying rPET resin to local and international bottling plants, beverage companies, packaging firms, and polyester fiber manufacturers.
6. Textiles: Dulamia Cotton Spinning Mills (publicly listed on Dhaka Stock Exchange) produces yarn, and is retooling to produce yarn from recycled PET. Joongbo Multimode Chemicals (Jumbolene brand) is Bangladesh's leading PE Foam manufacturer.
7. Transport & Logistics: Multimode Transport Consultants (MTCL) specializes in transport management consultancy and automotive services, building on its pioneering shipping history (agency for US Lines in 1985, first global distributor of Proton Malaysia's national car).
8. Real Estate: A & A Investment owns prime residential and commercial properties including Anchor Tower (Bangladesh's first glass commercial complex, built 1995) and holds investments in publicly listed companies.
9. Strategic Financial Investments: Multimode Group holds strategic stakes in National Bank Ltd, Pragati Insurance Limited, and Pragati Life Insurance Ltd — generating returns through the financial services sector.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

Multimode Group is a Bangladeshi conglomerate operating 12 subsidiary/associated companies across 11 industries. It produces and distributes high-yield hybrid seeds and livestock genetics (Lal Teer), manufactures instant noodles under the Wai Wai brand via a joint venture (CG Foods Bangladesh), distributes FMCG products through one of Bangladesh's largest networks (MFCL), recycles post-consumer PET into rPET resin at the country's only such facility (BPCL), produces PE Foam under the Jumbolene brand (Joongbo Multimode Chemicals), spins cotton yarn (Dulamia Cotton), develops Fintech and telecom software (Multimode Limited), manages renewable energy projects (Multimode Energy Resources), and owns prime real estate including Anchor Tower (A & A Investment).

Product overview

Multimode Group is a diversified conglomerate operating across 11 industries including agriculture, IT & telecom, consumer goods, energy, textiles, transportation, real estate, and recycling. The portfolio comprises a platform of distinct subsidiary companies and sub-brands: Lal Teer Seed (biotechnology and seed production) and Lal Teer Livestock Development (genetic improvement for livestock) in agriculture; Multimode Limited (Fintech and telecom software) and Kay & Que (IT services) in technology; CG Foods Bangladesh (Wai Wai instant noodles) and MFCL (FMCG distribution of J&J, OneTouch, Wipro) in consumer goods; Multimode Energy Resources (solar and gas exploration) in energy; Bangladesh Petrochemical Company (PET recycling) in environmental services; Dulamia Cotton (textile manufacturing) and Joongbo Multimode Chemicals (PE Foam under Jumbolene brand) in textiles; Multimode Transport Consultants (transport consultancy and automotive) in logistics; and A & A Investment (real estate) in property. The companies operate independently under the group umbrella while sharing strategic direction and resources.

Differentiator

Problem solved

Functional benefit

Brands

• Wai Wai: Instant noodles brand manufactured by CG Foods Bangladesh, available in over 30 countries worldwide. Market leader in Nepal and Northeast India.
• Jumbolene
• Lal Teer

Products and services

• Lal Teer Seed (hybrid seeds) Bangladesh's largest biotechnology and seed production company, providing high-quality hybrid seed varieties to farmers and agricultural businesses across all 64 districts of Bangladesh with advanced research capabilities and South Asian regional expansion.
• Lal Teer Livestock Development (livestock genetics and breeding services) Pioneering livestock company offering genetically superior breeds, semen production for dairy cattle, buffalo, and beef, disease diagnostics, feed and nutrition, fodder production, and bio-fertilizer; includes breakthrough water buffalo genome decoding.
• Wai Wai instant noodles (CG Foods Bangladesh) Instant noodles manufactured by CG Foods Bangladesh, a joint venture between Multimode Group and Nepal's Chaudhary Group. Wai Wai is a market leader in Nepal and Northeast India and is available in over 30 countries worldwide.
• MFCL FMCG distribution FMCG company operating one of Bangladesh's largest distribution networks for Johnson & Johnson baby care, Clean & Clear, Listerine, OneTouch blood glucose monitors, and Wipro Enterprises products.
• Bangladesh Petrochemical Company Limited (BPCL) — post-consumer PET recycling Bangladesh's first and only post-consumer PET bottle recycling factory in Narayanganj, producing 10,000 MT of recycled PET products (resin and sheet) annually and supplying rPET to bottling plants, beverage companies, packaging firms, and polyester fiber manufacturers domestically and internationally.
• Jumbolene PE Foam (Joongbo Multimode Chemicals) Leading manufacturer of PE Foam in Bangladesh under the Jumbolene brand; serves industrial and consumer applications across AC, automotive, cold storage, construction, furniture, garments, mattresses, and pharmaceuticals.
• Dulamia Cotton Spinning Mills (DCSML) Publicly listed textile company producing yarn and retooling to produce yarn from recycled PET for sustainable textile materials; shares trade on the Dhaka and Chittagong Stock Exchanges.
• Multimode Limited — Fintech and telecom software IT and telecom company developing software for Fintech and telecom platforms; historically pioneered Western Union remittance in Bangladesh and was Microsoft's first distributor; represents Red Hat and Trend Micro.
• Multimode Energy Resources Energy subsidiary with history in gas exploration (Blocks 12, 13, 14, and Block 7), now diversifying into renewable energy focused on solar power and preparing for upcoming oil, gas, and LNG projects.
• A & A Investment (Anchor Tower commercial and residential real estate) Real estate company owning and managing prime residential and commercial properties across Bangladesh, including Anchor Tower in Kawran Bazaar.
• Multimode Transport Consultants (MTCL) Transport management consultancy and automotive services company; Bangladesh's first shipping company with operations from Vladivostok to West Africa; first global distributor of Proton Malaysia's national car. Now specialized in transport consultancy and automotive services after exiting shipping in 2000.
• Kay & Que IT services IT services and solutions subsidiary under Multimode Group.

Quantifiable outcome

• Bangladesh Petrochemical Company saves 93,000 m³ of landfill space annually and diverts 15,000 MT of PET bottles from landfills each year
• +4 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

22 partnerships are on record, tiered core, regional, flagship and minor.

• Airtel BangladeshcoreGTM or Marketing PartnerTelecom operator partner shown in the Partners section of Multimode Group's website. Multimode Limited has historically partnered with telecom operators and provides IT and software solutions for the telecom sector.
• BanglalinkcoreGTM or Marketing PartnerTelecom operator partner shown in the Partners section of Multimode Group's website. Multimode Limited provides IT and software development services for telecom platforms.
• RobicoreGTM or Marketing PartnerTelecom operator partner shown in the Partners section of Multimode Group's website.
• TeletalkcoreGTM or Marketing PartnerBangladesh's state-owned telecom operator partner shown in the Partners section of Multimode Group's website.
• GrameenphonecoreGTM or Marketing PartnerBangladesh's largest telecom operator partner shown in the Partners section of Multimode Group's website.
• Dialog (Sri Lanka)regionalGTM or Marketing PartnerSri Lankan telecom operator partner shown in the Partners section, indicating Multimode Group's regional reach beyond Bangladesh.
• SLT Mobitel (Sri Lanka)regionalGTM or Marketing PartnerSri Lankan telecom partner shown in the Partners section, indicating regional telecom partnership reach.
• OoredooregionalGTM or Marketing PartnerInternational telecom operator partner (serving Bangladesh market) shown in the Partners section.
• Hutch (Sri Lanka)regionalGTM or Marketing PartnerSri Lankan telecom operator partner shown in the Partners section.
• EtisalatregionalGTM or Marketing PartnerInternational telecom operator partner serving Bangladesh region shown in the Partners section.
• Chaudhary Group (Nepal)flagshipStrategic or Co-development PartnerCG Foods Bangladesh is a joint venture between Multimode Group (Bangladesh) and Chaudhary Group (Nepal), producing Wai Wai instant noodles. Chaudhary Group's Wai Wai is a market leader in Nepal and Northeast India and is available in over 30 countries worldwide.
• Simon GrootflagshipStrategic or Co-development PartnerSimon Groot co-founded Lal Teer Seed with Abdul Awal Mintoo in 1995. Groot is an internationally recognized seed industry expert who helped establish Bangladesh's largest biotechnology and seed production company, focused on addressing the country's vegetable production gap.
• Western UnionflagshipTechnology or IntegrationMultimode Limited introduced Western Union to Bangladesh, pioneering the private-sector remittance industry, which became the country's second-largest source of revenue. Multimode was the exclusive representative for Western Union in Bangladesh.
• MicrosoftflagshipTechnology or IntegrationMultimode Limited became Microsoft's first distributor in Bangladesh and played a key role in establishing Microsoft's business in the country.
• Red HatcoreTechnology or IntegrationMultimode Limited represents Red Hat (enterprise open-source software solutions) in Bangladesh as part of its portfolio of leading global software companies.
• Trend MicrocoreTechnology or IntegrationMultimode Limited represents Trend Micro (cybersecurity solutions) in Bangladesh as part of its established reseller distribution network.
• Wipro EnterprisescoreChannel Partner/ Reseller/ DistributorMFCL became the distributor for Wipro Enterprises (P) Ltd in 2013, expanding its FMCG portfolio through this partnership.
• Lifescan (Johnson & Johnson)coreChannel Partner/ Reseller/ DistributorMFCL entered into a partnership in 2013 to distribute Lifescan's OneTouch blood glucose monitors (a Johnson & Johnson company) in Bangladesh, expanding into medical devices.
• Johnson & JohnsoncoreChannel Partner/ Reseller/ DistributorMFCL began its journey in Bangladesh's FMCG sector in 1998 as the distributor for Johnson & Johnson baby care products. MFCL successfully built the J&J brand, establishing it as a market leader in baby care in Bangladesh.
• US LinesminorChannel Partner/ Reseller/ DistributorMultimode Transport Consultants (MTCL) became the agency for US Lines in 1985, marking its entry into shipping and pioneering Bangladesh's shipping industry with operations from Vladivostok to West Africa. MTCL exited the shipping business in 2000.
• Proton (Malaysia)minorChannel Partner/ Reseller/ DistributorMTCL became the first global distributor of Proton, Malaysia's national car, in 1987. This partnership was part of MTCL's pioneering shipping and automotive operations. MTCL has since exited the shipping business in 2000.
• ChevronminorOthersMultimode Energy Resources previously operated gas exploration in Blocks 12 (Bibiyana), 13 (Jalalabad), 14 (Moulvibazar), and Block 7 in southern Bangladesh. These blocks were subsequently awarded to Chevron, and Multimode Energy Resources is now diversifying into renewable energy.

Scale indicators10 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• PRAN-RFL Group: Bangladesh's largest food and beverage conglomerate with deep presence in FMCG, plastics, packaging, and agro-processing. Directly comparable to Multimode as a Bangladeshi diversified group operating consumer goods, plastics (PRAN-RFL's plastics division vs. Joongbo's Jumbolene), and agricultural inputs at national scale.
• Square Group: Bangladeshi conglomerate spanning pharmaceuticals (Square Pharma), consumer goods, textiles, and healthcare products. Comparable to Multimode as a family-led Bangladeshi conglomerate with overlapping presence in FMCG distribution (MFCL vs. Square consumer brands), textiles, and diversified revenue streams across listed and unlisted subsidiaries.
• Beximco Group: Bangladesh's largest publicly listed conglomerate operating across textiles, pharmaceuticals, ceramics, real estate, and IT. Comparable to Multimode as a Bangladeshi conglomerate with publicly-listed textile subsidiary (Beximco Textiles vs. Dulamia Cotton), significant real estate holdings, and a diversified industrial portfolio spanning capital-intensive manufacturing.
• Ispahani Group: One of Bangladesh's oldest and largest family-owned conglomerates with operations in textiles, consumer goods (Ispahani Foods, Ispahani Tea), and real estate. Directly comparable to Multimode as a long-standing (founded 1820) Bangladeshi conglomerate with textiles (matching Dulamia Cotton), FMCG distribution, and diversified business verticals anchored by a founding family.
• Chaudhary Group: Nepalese conglomerate that is Multimode's JV partner in CG Foods Bangladesh (Wai Wai noodles). Comparable as a South Asian family-led conglomerate with a similarly diversified portfolio (FMCG, energy, real estate, hospitality), making Chaudhary Group the most operationally similar peer outside Bangladesh and a unique comparator given the active partnership.
• Bashundhara Group: Bangladesh's largest business conglomerate operating across paper, cement, real estate, media, and consumer goods. Comparable to Multimode as a Bangladeshi conglomerate with vertically-integrated industrial operations (paper/cement parallels BPCL's recycling/chemicals), large-scale real estate holdings, and broad FMCG distribution.
• Walton Group: Bangladesh's largest electronics and appliance manufacturer with growing presence in FMCG, real estate, and technology. Comparable to Multimode as a Bangladeshi diversified conglomerate building market-leading positions in domestic manufacturing, with similar founder-led structure and broad distribution networks across Bangladesh.

Emerging players

• Kaveri Seed Company: India's leading agri-biotech seed company focused on hybrid seeds for cotton, rice, maize, and vegetables. Comparable to Lal Teer Seed as a publicly-listed South Asian seed company with proprietary biotechnology research, comparable crop focus (vegetables, field crops), and emerging-market farmer-distribution model.

Broad incumbents

• Indorama Ventures: Thailand-based global PET producer and one of the world's largest rPET recyclers with operations across Asia, Europe, and the Americas. Comparable to BPCL as a PET recycling operator, but at vastly larger scale (multi-million MT capacity), making it the benchmark international competitor that could enter Bangladesh's rPET market over time.
• Tata Group: India's largest diversified conglomerate with operations spanning steel, automotive, IT, consumer goods, hospitality, and chemicals. Relevant as a strategic benchmark and potential partnership counterparty given Tata's experience managing a multi-vertical South Asian conglomerate with shared portfolio diversity, though at vastly larger scale than Multimode.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WaiWaiBangladesh

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Multimode Group