Rauf Chowdhury, founder chairman of Rangs Group, has passed away (Inna Lillahi wa Inna Ilaihi Raziun). He was 86 years old at the time of his death. A family source said that he died on Saturday (February 18) afternoon at his residence in Gulshan of the capital. Rauf Chowdhury, a well-known face in the country’s industry, was the chairman of Rangs Group and Sea Resources Group. He was also the founding director of Media World Limited, the publishing house of the English daily The Daily Star.
After graduating from the Sloan School of Business, Massachusetts Institute of Technology (MIT), Rauf Chowdhury started his career in a pharmaceutical company. He was resident manager in two American pharmaceutical companies in Bangladesh for several years. A Rauf Chowdhury has worked for 15 years in a senior position in Jamuna Oil Company. Under his leadership, 35 companies were formed under Rangs Group and Sea Resources Group. Rauf Chowdhury was one of the sponsoring shareholders of Private Bank Asia Limited. Apart from this, this entrepreneur has performed many responsibilities in his career. Rauf Chowdhury was the president of Bangladesh Basketball Association for four years. He was an executive member of the Kurmitola Golf Club for over 20 years.