Latifur Rahman (businessman)

Latifur Rahman (28 August 1945 – 1 July 2020) was a Bangladeshi business magnate and media mogul. He served as the founding chairman and CEO of Transcom Group which deals with beverages, electrical and electronics products, pharmaceuticals, fast food, snacks and breakfast cereals, print media, FM radio and tea plantations mostly as the comprador of international brands like Pizza Hut, KFC, Pepsi and Philips. He was the founding director of Mediaworld and Chairman of Mediastar, which owned The Daily Star and Prothom Alo newspapers, respectively. Both are the nation's leading English and Bangla newspapers.

Latifur Rahman received the Oslo Business for Peace Award 2012 in 2012 for business ethics and social responsibility.

Career
Latifur Rahman started his career as a trainee in 1966 in his family-owned jute mills in Chandpur District. He worked as an executive in the mills until 1971. Latifur Rahman established Transcom Group in 1973 after W Rahman Jute Mills, the main earning source for his family, was nationalised in 1972. In the 1980s, Latifur Rahman became the sole importer and distributor of Nestlé products in Bangladesh. In the 1990s, he bought Smith, Kline & French, a US-based pharmaceutical which had merged into Beecham Group, a British company, and renamed it Eskayef.

Latifur Rahman was elected a member of the executive board of the Paris-based International Chamber of Commerce for a three-year term in July 2014. He served as the president of Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka.

Latifur Rahman served as the chairman of the following companies. • Bangladesh Lamps Ltd

• Transcom Ltd

• Transcom Beverages Ltd

• Transcom Electronics Ltd

• Eskayef Bangladesh Ltd

• Transcom Foods Ltd

• Transcom Distribution Co Ltd

• Mediastar Ltd

• Transcraft Ltd

• Ayna Broadcasting Corp Ltd

• Tea Holdings Ltd

• Transcom Mobile Ltd

• Transcom Cables Ltd

• Nestlé Bangladesh Ltd

• Mediaworld Ltd

• Holcim Cement Bangladesh Ltd

Awards

 * Oslo Business for Peace Award by Business for Peace Foundation (2012)
 * Business Executive of the Year by American Chamber of Commerce Bangladesh (2001)
 * A crest by the Vice-Chancellor of the University of Dhaka (2012)

Personal life
Latifur Rahman was married to Shahnaz Rahman. Together they had three daughters, Simeen Hossain, Shazneen Rahman, and Shahzreh Huq, and a son, Arshad Waliur Rahman. Simeen is a managing director of Eskayef Bangladesh Limited, Transcom Consumer Products Limited and Transcom Distribution Limited. Shazneen was killed at home in Gulshan, Dhaka in 1998 by their household domestic helpers. Simeen's younger son, Faraaz Ayaaz Hossain, was killed in the 2016 Gulshan attack.

Latifur Rahman died on 1 July 2020 at his residence at Chheora village in Chauddagram Upazila, Comilla aged 75. He was buried at Banani Graveyard in Dhaka.