SQUARE Pharmaceuticals Limited is the largest pharmaceutical company in
Bangladesh and it has been continuously in the 1st position among all national and
multinational companies since 1985. It was established in 1958 by Samson H.
Chowdhury along with three of his friends as a partnership and converted
into a public limited company in 1991.
Products of Square
Pharmaceuticals:
SQUARE has latest technologies for production of a wide varieties
of dosage forms including Tablet, Sustained Release formulation,
Capsule, Metered Dose Inhaler (MDI), Injectable, Syrup (liquid
and dry), Suspension (liquid and dry), Pediatric Drops, Nasal &
Ophthalmic formulations, Topical Gel/Ointment/Cream, and oral
care formulations.
Products of Square
Pharmaceuticals:
Sister concern of
SQUARE Group
Square Hospitals Ltd.
Square Textiles Ltd.
Square Fashions Ltd.
Square Consumer Product Ltd.
Square Herbal & NeutraceuticalsLtd.
Square Toiletries Ltd.
Square Cephalosporin's Ltd.
Sabazpur Tea Company Ltd.
Competitors:
As a global supplier of medicine product, Square pharmaceuticals has several competitors
exist in Bangladesh. These includes-
Incepta Pharma
A.C.I
IBN Sina
Beximco Pharmaceuticals
As a group of company ,SQUARE Group has several competitors
such as- Bashundhara Group, Akij Group etc.
Consumer base:
As a global supplier of Medicine, Square Pharmaceuticals consumers spread among worldwide. It provide facilities not only to people inside
geographic boundary but also global peoples received their product.
Annual profit:
The annual profit of Square Pharmaceuticals was decreased in 2012 from 2011.
In 2011 net profit was Tk. 289,293,008 which is decreased to Tk. 239,704,674
in 2012.
CSR activities of
“SQUARE”
Corporate Social Responsibility (CSR) is the continuing commitment by business
to behave ethically and contribute to economic development while improving the
quality of life of the workforce and their families as well as of the local
community and society at large.
=> SQUARE recognizes that progressive labor policies are good business
practices, they do not allow any female employees during night shift operations &
they strictly prohibit any form of forced labor. SQUARE actively pursue the
policy of “No child labor in SQUARE”.
CSR activities of “SQUARE”
SQUARE helps many NGO's in their effort to make available healthcare to the disadvantage population of the
country. It sponsors programs to build awareness on the healthcare need. SQUARE is also a major sponsor of
sporting events in the country.
Continual Medical Education (CME) program
CSR activities of
“SQUARE”
SQUARE's activity goes well beyond the sphere of business. As socially
conscious and responsible corporate body SQUARE is committed to the
improvement of the society as a whole. Meril-Prothom Alo festival
sponsored by SQUARE, has become a national calendar event.
Committed to support precautionary approach to environmental challenges & to
Other CSR activities performed
promote greater environmental responsibility- such as, Effluent Treatment Plant
by “SQUARE” :-
(ETP) in manufacturing plants, Green Belt at Plant Surrounding, Maintaining
biodiversity .
Providing loan facility i.e. “Shohoj Kisti Reen Prokalpa” , Support to education i.e.
SQUARE Kindergarten & SQUARE High School at Pabna
Fund raising program with Acid Survivors Foundation. With this fund SQUARE
conducts awareness program and stand along with these Acid survivors
Medical campaign program for poor people
Donation to hospitals, medical colleges, local community & underprivileged
people
Reward or recognition received by
“SQUARE” regarding CSR activities
Highest TAX payer of the country award
SQUARE is reputed and recognized as highest TAX paying organization on a regular basis.
Honorable Chairman of SQUARE group is awarded as highest TAX payer of the country by
the government.
Recommendatio
n
Since SQUARE group has many subsidies , and as they already has a well- reputed
brand name ,SQUARE group should spread their business by come up with new
innovation in the market by positively using their brand image.
Square Pharmaceuticals should engage in more exporting of medicine product
world-wide which will ultimately strengthen the economy of the country.
Since SQUARE group have participate in many environmental,
societal concern activities but they were not recognized as much
as they contribute. So the government should encourage SQUARE
to perform more. This can be by giving award for special activities.
