Wired for Success
Mr. Moazzam Hossain, Chairman of Hosaf Group in Dhaka, Bangladesh, is a distinguished industrialist celebrated for guiding the company to exceptional heights. Under his visionary leadership, Hosaf Group has flourished across diverse sectors, including finance, power, energy, LED lighting, electric meters, real estate, and hospitality. His forward-thinking approach has led to the introduction of pioneering products that set new industry standards. Mr. Hossain’s inspiring journey marks his tenacious commitment to greatness and his substantial influence in shaping the group’s growth and reputation
“MR. HOSSAIN’S LEADERSHIP HAS EXTENDED BEYOND THE BUSINESS REALM. HE HAS BEEN A STRONG ADVOCATE FOR SOCIAL AND ENVIRONMENTAL RESPONSIBILITY, AND HOSAF GROUP HAS IMPLEMENTED VARIOUS INITIATIVES TO GIVE BACK TO THE COMMUNITY AND PROTECT THE ENVIRONMENT”
Born with a forward-thinking mindset, Mr. Hossain’s early life was shaped by his strong belief in honesty, integrity, and courage. His leadership is characterised by innovative thinking, steadfast integrity, and a relentless pursuit of excellence. His ability to learn from the best practices of other countries, particularly Japan, has driven the success of the Hosaf Group.
A Well-Versed Leader
After graduating from the University of Dhaka, Mr. Hossain pursued further education in chemistry at Nagoya University, Japan. This international exposure proved crucial in shaping his business acumen. His interaction with Japan’s wealthiest industrialists ignited a spark within him and inspired him to establish an English school there before venturing into various business enterprises. His international exposure in the 1960s and 1970s gave him a unique perspective, which in turn enabled him to identify untapped opportunities back home. Soon after completing his studies in Japan, he returned to Bangladesh, a newly independent nation grappling with the aftermath of war. Considering the need for economic revitalization, Mr. Hossain introduced the idea of importing reconditioned cars from Japan as a wage-earning scheme for the war-torn country.
Furthermore, to strengthen the country’s communication sector, he imported microbuses, irrigation pumps, and small boat engines. In 1975, he ventured into a new territory by initiating Bangladesh’s first joint venture with South Korea in deep-sea fishing. The ambitious leader also facilitated barter trade for essential imports, including truck-mounted standby generators, leather, tea, and steel-body trucks from Eastern Europe.
This bold move set the foundation for the Hosaf Group’s future growth and marked the dawn of a new business era in Bangladesh, driven by innovation and a desire to improve the lives of its citizens.
Diversification and Growth
Over the decades, the Hosaf Group, under Mr. Hossain’s leadership, has diversified its operations into several subsidiaries, including Hosaf Meter Industry Limited, Hosaf Proficient Energy Limited, Hosaf International Limited, Energyprima Limited, and Citilink Apartment Limited. The leader keeps a close eye on the market and makes sure his products and services are top-notch and affordable. His ability to identify opportunities and adapt to changing market dynamics has been instrumental in the Hosaf Group’s diversification and expansion. The group has expanded into various sectors, including finance, power, energy, LED lights, electric meters, real estate, and hospitality. This diversification reflects the leader’s ability to identify emerging opportunities and adapt to changing market dynamics. Nevertheless, the humble leader credits the company’s growth to its dedicated team of over 800 professionals, who are continually exploring new horizons for growth.
Addressing Power Crisis
One of the most notable achievements of Mr. Hossain’s leadership has been his contribution to addressing Bangladesh’s power crisis. In 1990, he established a 2×210 MW capacity thermal power-generation plant in Raozan, Chittagong, in collaboration with China National Machinery and Equipment Import and Export Corporation (CMC). The leader’s commitment to solving Bangladesh’s energy problems did not stop there. In 2008, he expanded Hosaf Group’s influence in the energy sector by establishing four rental power plants, which together generated 170 MW of electricity. These plants, with a combined capacity of 170 MW, provided much-needed relief during the acute power crisis. These initiatives played a crucial role in alleviating the nation’s power shortages besides reinforcing Mr. Hossain’s reputation as a revolutionary leader. In 2019, Mr. Hossain’s commitment to addressing the country’s energy needs was further exemplified by his acquisition of a 113 MW heavy fuel oil (HFO)-based power plant. Located in the southeast region of Bangladesh, this plant has played a vital role in meeting the growing electricity demands of the area.
Beyond his contributions to the energy sector, Mr. Hossain has demonstrated a keen eye for sustainable development. His partnership with CMC to establish a coal mining venture reflects his dedication to providing long-term, reliable energy solutions. The 2×125 MW coal-fired power plant, followed by a subsequent expansion with a third unit of 275 MW, has significantly enhanced Bangladesh’s energy capacity.
A Multifaceted Individual
Mr. Hossain’s entrepreneurial spirit extends beyond the Hosaf Group. Besides serving as the Chairman of the Hosaf Group, he holds the position of Managing Director at Energy Prima Limited, Citi Link Apartment Limited, Hosaf International Limited, and HF Power Limited. He also established National Bank Limited (NBL), a leading private sector lender in Bangladesh, where he served as the Founder Director. Additionally, he is the founder and chairman of Pragati Insurance Limited, the first non-life private insurance company in the country. He also served on the boards of Euro Knitting & Dyeing Industries Limited. Furthermore, the leader’s global outlook has driven him to seek out new commercial ventures and partnerships, particularly in Asia, Europe, the Middle East, and the United States.
Giving Back To Society
Mr. Hossain’s journey in philanthropy and community leadership has roots in the values instilled by his father, Welayet Hossain, a renowned lawyer in Feni, Noakhali District, Bangladesh. Beginning his career in the early 1950s, Welayet Hossain was celebrated for his efforts to resolve legal disputes amicably, sparing litigants from the complexities of court proceedings. Known for his generosity towards the less privileged, he served as the General Secretary of the Pakistan Muslim League in Feni and used his influence to mediate and guide people towards peaceful resolutions. Inspired by these early lessons, Mr. Moazzam Hossain has dedicated himself to social causes and environmental sustainability. As the leader of Hosaf Group, he has introduced initiatives such as gas and water meters and green technology for LED production to support community welfare and environmental stewardship. Mr. Hossain also regularly sponsors various sporting events across different districts of Bangladesh. His objective is to encourage budding sportsmen and women to showcase their talents and contribute to the country’s sporting achievements.
