At A Glance Central Pharmaceuticals Ltd.
Central Pharmaceuticals Ltd. is a trusted name in quality medicine. Good health is vital to all of us and finding sustainable solutions to the health care challenges of our changing world cannot wait for a moment. That's why we, at Central Pharmaceuticals Ltd. are committed to be a participant in health care and to help changing the millions of lives through providing access to safe, effective and affordable medicines and related health care services to the people who need them. We have the moderated portfolios (currently near about 16) which consist of near about 70 medicines that prevent, treat and cure diseases across a significant range of therapeutic areas and pipeline of promising new products in various areas such as diabetes, anti ulcerants, ophthalmology, vitamins & minerals.
We are successfully operating our business from Dhaka. This company was actually established by GETCO/ Bangla CAT (Represents the world famous USA based Caterpillar Company) in 1980s. The founders of Central Pharmaceuticals Ltd. were six renowned businessmen of Bangladesh. Mr. K.M. Khaled and Mr. Aminul Hoque are the eminent industrialists in our country among the six magnets. Basically their core business is to deal with different kinds of heavy duty construction machineries & equipments, industrial generators and so on. They are successfully engaged in telecommunications, banking (Prime Bank) and leasing sectors etc.
Despite huge scopes in pharmaceuticals industry, they could not pay much attention on Central Pharmaceuticals Ltd. and decided to sell it. Afterwards a renowned group named METRO GROUP purchased the company at the end of 1993 and started its operation from the beginning of 1994. Our first Managing Director was Mr. Anisul Islam who was also the Managing Director of Essential Drugs Ltd. owned by the government. Dr. Ehsanul Hoque was the first Executive Director of the Company (Who is the former Production Manager of FISONS and retired from BEXIMCO Pharmaceuticals Ltd).
Some years later on METRO GROUP decided to sell the company. As an existing Director, Mr. Munsur Ahamed purchased Central Pharmaceuticals Ltd. form METRO GROUP and throne in the chair as Managing Director to till date with successful operation. At that time the Chairman was Mrs. Kulsum Ahamed who sheltered and inspired us with her great guardianship. The core business of our company is manufacturing, marketing, and distribution of generic human pharmaceutical products (Biological and non-biological).
After 2002 the company has gradually increased its sales volume. In 2005 the company has crossed the landmark of its early sales volume. In 2007 Central Pharmaceuticals Ltd. set new mission, vision, goal and has been working accordingly on those. Since its journey, the company focused to build its reputation in both the customer and consumer level. The company’s corporate head office is located at Aziz Bhaban (8th Floor) 93, Motijheel C/A Dhaka-1000 and factory premise is located at its own industrial plot at 2A/1, South–west Darus Salam Road, Mirpur-1 Dhaka-1216. Near about 575 people are employed in this company and we are trying to introduce another new 65 products in the Bangladeshi market by aggressive marketing. We have a well disciplined and developed distribution network all over Bangladesh and have a group of well trained marketing professionals who are responsible for the marketing of our manufacturing products through personal visits to physicians, pharmacists, chemists and renowned organizations.
We salute the values of our patients and customers and focus on continuous way of improving. We do business on operating with transparency. We do everything on listening to the views of all of the people involved in health care decisions. We ensure the honesty as a whole to the people who have the access to innovative medicines and quality health care through working in partnership with everyone from patients to health care service providers.
At Central Pharmaceuticals Ltd. we're inspired by a single goal: your health. That's why we're dedicated to develop new and safe medicines to treat and prevent the diseases and to make them available to the people who need them. We believe that the hope and promise of a healthier society come from the progress.
Bangladesh is an over populated country. There are 267 Pharmaceutical companies in Bangladesh though actually 201 companies are actively operating their business. Despite the presence of many companies with huge varieties of products, the current production capacity of the total industries is sufficient to meet the huge demand of the market. We know almost 97% of total market demand is met up by the local companies. Central Pharmaceuticals Ltd. has already proven its name for Superb Quality products. So there is a huge scope for the company to achieve sustainable growth and to capture a significant market share within the next few years. The current level of the sales is achieved by engaging near about 300 sales forces and as per our research and calculations it is possible for us to reach the target.
Lastly, we believe only in ensuring the best quality. This is the major point where we can be differentiated from others. We all know that the best quality doesn’t come at a very cheap price. That is why our growth is relatively slower than other competitors. In conclusion we would like to say that sustainable growth is our focus and we always stick to whatever we believe and we are committed to the society and the nation for their betterment.