Published:  03:11 AM, 09 June 2019

'United Group grows into a business power house'

'United Group grows into a business power house' Managing Director of United Group Mr. Moinuddin Hasan Rashid, while interviewing with Monzoor Alam Khan. -AA

"With the core set of values, such as integrity, trust, respect, commitment, sincerity and social responsibility still intact, United Group has flourished into one of the most recognizable and pioneering business houses of the country", said Mr. Moinuddin Hasan Rashid in an exclusive interview with the Asian Age.

This institution was founded in 1978, by Mr. Hasan Mahmood Raja and a group of his friends, with the purpose of promoting economic development of the country. Fast forward in four decades, with Mr. Raja as the Chairman and his son, Mr. Moinuddin Hasan Rashid as the Managing Director, United Group is now an established name in the Country's Power, Real Estate, Healthcare, Education and some other business sectors.

With a keen interest and an innate aptitude, Mr. Raja displayed his excellence in business entrepreneurship by building his business domain. The biggest milestone of his success is the courage to embark into new business ventures based on sound foresight, ingenuity and skillful execution.

Within a span of 40 years of his business career, he successfully managed to establish many diversified business enterprises under the umbrella of the United Group. Now, with the progenies of the first generation founding members all taking up leadership positions within the organization, these group of talented, young individuals led by Mr. Moinuddin Hasan Rashid envisions a new era of prosperity and growth for United Group.

Mr. Moinuddin Hasan Rashid, upon completion of his B.Sc. In Electrical and Electronics Engineering from University College, London (UCL) as Dean's List Student, joined United Group in 2005 and was appointed its Managing Director in 2011.

Starting his career with the Land Development division of the Group, he then moved onto to engaging in the power division and leading the team that established the 1st and largest Commercial Independent Power Producer (CIPP) in the country, United Power Generation & Distribution Limited as well as commissioning the 1st private power distribution network in the country.

His contribution to the power sector did not just stop there, in 2011, he oversaw the commissioning of 3 projects totaling 208 MW, once of which, United Energy Limited - Ashuganj, the 53MW plant in Ashuganj, was constructed and commissioned in a record time of just 120 days.

In 2015, he led the team that commissioned United Ashuganj Energy Ltd, the 195 MW, largest gas-fired flexicycle™ plant in Asia, which went on to netting awards such as Gold Award at Asian Power Awards 2015 and Best Private Power Generation Unit (Large IPP) at the National Energy & Power Week of 2016 in Bangladesh.

The year 2018 saw another huge milestone for Mr. Rashid and his Power Division team members as they went on to commissioning United Mymensingh Power Ltd, a 200MW HFO based IPP, within 6 months and with complete fuel storage and handling facilities, which is absolutely unheard of for a plant of this scale.

The plant earned the title of Best Power Producer at the National Energy & Power Week of 2018.The current year is not being an uneventful one either, earlier months saw the commissioning of United Jamalpur Power Ltd, a 115MW HFO based IPP, which is being followed by United Anwara Power Ltd, a 300MW HFO based IPP, the largest in United Group's power portfolio With another 790 MW in pipeline, under Mr. Rashid's dynamic leadership, United Group's Power Division has experienced an unprecedented level growth and a never before heard of track record in terms of power plant implementation and operation.

This is vital as United Group is committed to serve the nation by aligning themselves with the Government's vision 2030, which is to raise electricity production to 40,000MW by the year 2030.

As Managing Director, Mr. Rashid directly monitors other businesses in the diverse business portfolio of United Group. He took the reigns of United Property Solutions Ltd in 2011 as a leading real estate developer of the country and is now directly overseeing the development and implementation of United City, a 300 acre mini-township project in the heart of Dhaka, as well as the United Condominium Project, the first high end condominium complex here in Bangladesh.

Along with the Real Estate division of the Group, Mr. Rashid has active involvement in all other sectors of the group such as healthcare, education, manufacturing, port, shipping, retail & services. He is a Director of United Hospital Ltd, Managing Director of Unimart Holdings Ltd, Managing Director of United Energy Trading PTE Ltd, the Singapore-based trading arm of United Group, Joint Secretary of the Board of Trustees of United International University, Managing Director of the Board of Sir John Wilson School, and Managing Director of United Land Port Teknaf Ltd, Bangladesh's land port with Myanmar till date.

As a part of the commitment to society and to be in line with the original mission, i.e. to be a socio-economic development company, United Group founded United Trust in 2010, which is the social welfare organ of the group focused solely on CSR.

"We are committed to socio-economic development of the country. We have set ourselves a mission to be a socially responsible corporate entity by supporting community development activities" added Mr. Rashid while expressing the Group's determination to engage in ventures that adds value to the society Since its inception in 2010,  Mr. Rashid has been a member of United Trust, which among many other social development activities such as providing healthcare to the impoverished, providing finances as well as provides education through patronizing 24 schools and madrashas that educates more than 8000 students.

Even after receiving the strongest of platforms from the founding directors in the form of a company with healthy financial base, strong asset backing and no liabilities, Mr. Moinuddin Hasan Rashid has the vision and the right amount of dedication to usher United Group in a new era of technology and infrastructural development for the country. His ability and his thirst for success is what will make United Group transcend the most known economy while embodying all the values passed down by the founding directors.

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