A Beacon for Bangladesh

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The industry leader in ceramics tiles, XIC works dedicatedly to improve the nation’s productivity

X Index Companies is a conglomerate with a notable presence in Bangladesh. With a heritage spanning over four decades, XIC was established as a dynamic and progressive entity in the rapidly growing economy of Bangladesh in 1977. Combining deep ethical values with proven business performance, the company has a legacy of social commitment that has earned the trust and respect of its customers. Five core values – integrity, ethics, excellence, unity and responsibility – woven into the fabric of X Index and its brands are fundamental to its success. It stands for consistent business excellence and profitable growth, with a commitment to the communities it serves and adheres to high standards of corporate governance. The man behind the success of XIC is none other than the Managing Director himself. Dynamism and vision are two qualities of Mahin Mazher who loves to lead from the front. Through the passage of time, in just two decades he shaped X Index Companies as a large conglomerate with diverse interests. As an accomplished business strategist, he puts the intellectual thought process above everything else. Mahin Mazher is driven by very strong ethical and moral values, inherited from generations of highly educated family legacy, which reflects in his everyday decision-making. After graduating from the U.S., he had worked for Bell South Corporation and Merrill Lynch. He is the kind of businessman who doesn’t step away from a challenge, rather he relishes it, due to his continuous endeavour for making strides in business operation that adds value to the national economy.

The Building Blocks
Under the valuable guidance of the Chairman, Arch. Mazherul Quader, the flagship entity which launched X Index Companies – the reigning Index Architects Ltd – commenced operations from 1977. The architecture scene in the country has been thriving for three decades, spearheaded largely by the experimentation of Bangladeshi architects with form, material, aesthetics and most importantly how architecture relates to history, society and the land. The flagship entity of the group is involved in architectural design, physical planning, consultancy and engineering. The firm plays a pivotal role in commercial and residential property projects undertaken by the group. Its unique value propositions are dynamic management, professionalism, innovation and creativity. Index Architects Ltd provides consultation and other services to clients overseas, mostly within the African continent. It has successfully completed more than 400 projects in Bangladesh and abroad.

Leader in Ceramics Tiles
The ceramics industry is a growing manufacturing sector in Bangladesh. The industry started during the late 1950s when the first ceramics industrial plants were established. With the exemplary leadership of Mahin Mazher, Index seized the opportunity and expanded its wings to the ceramic tiles and Ceramics Group was incorporated in 2008 with a vision to produce world-class Italian Ceramics Tiles. It has since become one of the largest porcelain and ceramic tiles manufacturing facility in a single location, not only in Bangladesh but also in south-east Asia. The state of the art manufacturing plant is located in Sreepur, Gazipur. To fulfil the growing demand for its popular line of products, the plant is equipped with five operational production lines. Modern machinery and world-class technical expertise is utilized in delivering quality wall and floor tiles to the ever-growing list of clientele all over the country. Under the umbrella of ‘X Ceramics Group’ (XCG), four premium tile brands – X Monica, Monalisa, Alexander, Venus – in terms of both design and quality are manufactured in state of the art plants. The company also has a well-equipped R&D team who are relentlessly working towards coming up with innovative products. Company’s latest innovation, a patented technology called ‘Stone Shield’ is hoped to set a new standard in the industry.

Assisting the Agro-Industry
Agriculture dominates both the landscape and the economy of Bangladesh. The country has extensively invested in in agro-processing and livestock development, and through the visionary direction of Mahin Mazher, X Index Companies has joined the journey in taking the sector to the next level. Index Agro Industries Limited (IAIL) began operations in the year 2000. Index Poultry (Pvt.) Ltd. was incorporated in 2006, through which IAIL produces poultry, fish-feed, and Day-Old Chicks (broiler & layer). Index Fisheries Ltd. is a pioneering company working with aquaculture and fisheries. Most recently, IAIL has decided to move ahead with Initial Public Offerings. Such integration provided a powerful thrust to the breeder and hatchery operations. The company markets and packages its feed products under the brand name X Feed and X Goldring.

Powering Bangladesh
Bangladesh is rapidly moving into the middle income category among the prosperous Asian countries. Energy is arguably the most important parameter of an industrial economy that play no less important role in the everyday life of common people. To this effect, Mahin Mazher set his ambitions for X Index Energy Ltd in setting up 3 HFO power plants. These two initial steps are sure to become stepping stones for future growth in days to come when the companies will proudly produce power that will light up the lives of millions who deserve to be a part of happy and prosperous Bangladesh of tomorrow.

A Helping Hand in Hospitality
Bangladesh has tapped into the potential exhibited by the tourism hospitality industry. Understanding the growth prospects of the industry, the dynamic Managing Director incorporated Index Holdings Limited in March 2009. It is involved in tendering, trading, hospitality and the power sector. The company’s main objective is investments in different concerns of the group, including Hotel X. Owning and operating a number of hotels and resorts in ideal and exquisite locations across Bangladesh from Cox’s Bazar to Rajshahi, Sylhet and all the way to Kuakata sea-beach.

Strengthening the Community
Addressing the needs of disadvantaged people and helping them to create a better future, Mahin Mazher spearheaded the establishment of the Kamrunnesa Khatun Foundation (KKF) in 2011. An independent nonprofit charity, KKF is committed to bringing about better lives for the disadvantaged people in Bangladesh and works with a vision to bring qualitative changes in the lives of the underprivileged, especially through supporting the access to quality education, nutritious food, safe water, shelter and sanitation. KKF works to bridge the gaps and empowers the educated unemployed youth, women and marginalized farmers to participate in income-generating activities and establish them as independent, socially active, self-employed and successful entrepreneurs. Some of the foundation’s notable contributions include Shufola Urbanic which is an endeavour to promote safe food in urban living. KKF helps the marginalized farmers to grow the produce in their own/leased land through largely organic processes. It also plays a part in ensuring market linkages and promoting fair trade helping the farmers to make a living income.

Khamarir Hashi is a project which thrives to enhance the lives of farmers. This program focuses on able but unsuccessful farmers so that they can turn their lives around and emerge as successful entrepreneurs. It is working in 18 districts of Bangladesh. KKF provides both financial and technical help to the beneficiaries.

As a non-profit development organization, KKF works with underprivileged children from all over Bangladesh. KKF has a shelter house called Joy Shokol Shishur for the street and abandoned children that are located in Uttara, Dhaka, accommodating around 100 children ranging from 3 years to 15 years of age. This house offers its children both formal and non-formal education, proper nutrition, safe water and sanitation, medical and entertainment facilities.

Through Targeting the Ultra Poor, KKF identifies the needs of the households that are too poor to access traditional development interventions. This is a tailor-made program based on the needs and capacity of individual households. This program partially follows the “BRAC Graduation” model and is for reducing poverty in all its forms which will fulfil SDG1.

Other Endeavors
Apart from expertly guiding the notable operations of X Index Companies, Mahin Mazher also oversees X Angel Limited (XAL), a venture capital entity incorporated in 2017. The three main activities of XAL include: Private Equity Fund, a Venture Capital Fund, Impact Fund established in 2016, X Shops Limited has been entirely dedicated to the import, distribution, and sales of Tyre, Wheel, and Battery in Bangladesh. Currently, the company is in the process of securing exclusive agency lines of reputed international manufacturers for said items.
Mahin Mazher is currently supporting the incubation of about half- a- dozen technology-based start-up ventures, through recently developed software company named “VentureX.”

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