BDCOM Online Ltd. Company Profile

Background

BDCOM Online Ltd., established on February 12, 1997, is a publicly traded company listed on both the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE). As a leading Internet Service Provider (ISP) and Information and Communication Technology (ICT) service provider in Bangladesh, BDCOM has been at the forefront of delivering comprehensive ICT solutions for over two decades. The company's mission is to empower individuals and organizations by offering total ICT solutions, while its vision is to be a trailblazer in the digital landscape, providing quality services with trust and reliability.

Key Strategic Focus

BDCOM's strategic focus encompasses a diverse range of services, including:

• Nationwide Internet Services: Providing reliable and high-speed internet connectivity across Bangladesh.

• Secured Data Connectivity: Ensuring secure and efficient data communication solutions for various sectors.

• IP Telephony Services: Offering advanced telecommunication solutions through internet protocols.

• System Integration and Managed Services: Delivering end-to-end ICT solutions tailored to client needs.

• Software Development: Creating customized software solutions to meet diverse business requirements.

• Vehicle Tracking and Fleet Management: Providing telematics services to enhance operational efficiency.

The company leverages a robust technological infrastructure, including a nationwide MPLS network covering all 495 Upazilas in Bangladesh, to deliver these services.

Financials and Funding

As of the fiscal year ending June 30, 2024, BDCOM reported a revenue of approximately ৳778.9 million. The company's authorized capital stands at ৳1,000,000,000, with a paid-up capital of ৳599,408,240, consisting of 59,940,824 ordinary shares of ৳10 each.

Technological Platform and Innovation

BDCOM distinguishes itself through several proprietary technologies and innovative solutions:

• Nationwide MPLS Network: A high-capacity, fully secured fiber optics and radio network transmission infrastructure covering all 64 districts and 495 Upazilas in Bangladesh.

• IP Telephony Services: Pioneering business telephony solutions in Bangladesh, offering services such as Kotha IP Telephony.

• Vehicle Tracking System (VTS): Providing enterprise-level vehicle tracking and fleet management solutions under the brand Smart Tracker.

• Software Development: Developing customized software solutions, including Simplified HRM for human resource management.

Leadership Team

BDCOM's leadership comprises experienced professionals with diverse backgrounds:

• Air Vice Marshal Muhammad Nazrul Islam, BSP, nswc, afwc, psc, GD(P), (Retd): Managing Director. A former Vice Chancellor of Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University and Commander of two Air Force Operational Bases, bringing extensive leadership and strategic planning experience.

• Mr. Wahidul Haque Siddiqui: Chairman. An eminent entrepreneur with a background in the Ready-Made Garments (RMG) sector, he founded BDCOM in 1997 and has been instrumental in its growth.

• Mr. A.K.M. Kutub Uddin: Executive Director & Company Secretary. With a B.Sc. (Hons) in Botany from Dhaka University and extensive experience in banking and corporate sectors, he joined BDCOM in 2002.

• Mr. S.M. Kamruzzaman: Chief Technology Officer (CTO). Holding double M.Sc. degrees in Physics and MIS, he has over 19 years of experience in the ICT industry and leads BDCOM's technical team.

• Mr. Faker Ahmed FCA, MCHRD: Chief Financial Officer (CFO). A Fellow Chartered Accountant with around 15 years of experience across various industries, he oversees BDCOM's financial operations.

• Mr. Gazi Zehadul Kabir: Chief Strategy Officer (CSO). With over 19 years in the ICT industry, he leads the System Integration department and is affiliated with CISCO Valley as a part-time instructor.

• Mr. Anowar Hasan Sabir: Chief Information Officer (CIO). Supervising the IPTSP and Software department since 2010, he holds multiple degrees, including a Post Graduate Diploma in Information Technology from IIT, Dhaka University.

Competitor Profile

Market Insights and Dynamics:

The ICT sector in Bangladesh is experiencing rapid growth, driven by increasing internet penetration, digital transformation initiatives, and a burgeoning demand for data services. The market is characterized by intense competition among ISPs and ICT service providers striving to expand their service offerings and infrastructure.

Competitor Analysis:

BDCOM faces competition from several key players in the market:

• Agni Systems Limited: Established in 1995, Agni provides internet access, voice, data, and home broadband services.