Biography of Golam Murshed: Founder & MD of Majesto Limited- Entrepreneur
Golam Murshed: From Electronics Giant to Furniture Innovator
Introduction to Golam Murshed’s Career Path
Golam Murshed has always been driven by a vision of growth
and innovation. With a solid foundation in engineering and business, Murshed
began his career in 2010 at Walton Hi-Tech Industries, one of Bangladesh’s
leading electronics companies. Over time, he rose through the ranks, ultimately
taking on the role of Managing Director and CEO, where he played a pivotal role
in transforming the company and its global ambitions.
Education and Early Career
Murshed’s academic journey began at the Islamic University
of Technology in Dhaka, where he earned a Bachelor of Engineering in Mechanical
Engineering. His pursuit of knowledge didn’t stop there, as he further honed
his skills with an MBA from North South University. These credentials laid the
groundwork for his successful career in management, where his problem-solving
skills and leadership ability became apparent early on.
Leadership at Walton Hi-Tech
Murshed’s career at Walton Hi-Tech Industries began in a
relatively modest position as a production in-charge. Over the next decade, he
would work his way up the corporate ladder, with each step showcasing his
ability to lead and innovate. By 2020, he had reached the highest position in
the company, becoming the Managing Director & CEO. Under his leadership,
Walton made significant strides both in terms of revenue and market position,
gaining recognition not only locally but also on the global stage.
Transforming Walton Hi-Tech
During his tenure, Murshed revolutionized Walton’s
production processes and led the company’s expansion into international
markets. One of his key contributions was overseeing Walton’s transformation
from a local electronics importer into a key player in the global market.
Walton’s strategic acquisitions of European compressor brands and its efforts
to build manufacturing facilities in countries like South Korea marked
significant milestones during his leadership.
Pushing for Global Recognition
Murshed’s visionary approach helped Walton gain recognition
beyond Bangladesh’s borders. The company was featured in National Geographic’s
SuperFactory series, a prestigious honor for any manufacturing company. His
efforts to push the company toward becoming a global player were supported by
Walton’s growing export markets, which now reach over 40 countries. This
international expansion was integral to Walton’s aspirations of becoming a
top-five global electronics brand by 2030.
A Look at Walton’s Financial Success
Under Murshed’s leadership, Walton Hi-Tech saw significant
financial growth. From 2017 to 2022, Walton’s revenue skyrocketed, rising from
Tk 2,732 crore to Tk 8,168 crore. Despite a slight dip in profit in the
2021-2022 fiscal year, the company continued to flourish, maintaining its
position as one of Bangladesh’s top companies in terms of valuation. Walton’s
market capitalization now stands at over BDT 30 billion, making it the
second-largest company in the country.
Strategic Acquisitions and Innovation
Another major achievement under Murshed’s leadership was
Walton’s strategic acquisition of three Italian compressor brands. This move
was a part of the company’s long-term goal to expand its global footprint and
increase its market share in the refrigeration sector. Murshed also spearheaded
Walton’s technological advancements, establishing cutting-edge research
facilities in South Korea and showcasing the company’s innovations at global
platforms like CES 2023.
Biography of Golam Murshed: Founder & MD of Majesto Limited- Entrepreneur /age/net worth/startup/furniture manufacturing company/Golam Murshed story
Challenges and Transition
While Murshed’s time at Walton Hi-Tech was filled with
numerous accomplishments, it wasn’t without its challenges. The company faced
macroeconomic pressures that affected its financial performance, with revenue
dropping in the fiscal year 2022-2023. Despite this, Walton remained resilient,
continuing its pursuit of innovation and market growth. In October 2023, after
a transformative tenure, Murshed made the decision to step down from his role
at Walton, seeking new challenges and opportunities.
A New Venture: Majesto Limited
After his departure from Walton, Murshed announced his new
role as the Managing Director of Majesto Limited, a family-run business focused
on the furniture manufacturing industry. With a vision to create a premium
international furniture brand, Murshed aims to bring innovative and sustainable
furniture products to the market. He plans to establish a factory in
Narayanganj, Bangladesh, which is set to begin commercial operations within a
year.
Building Majesto’s Legacy
Majesto Limited, which was founded by Murshed’s family,
holds great promise under his leadership. The company aims to become a key
player in the expanding furniture industry in Bangladesh. Murshed’s experience
in leading a major electronics company will undoubtedly help him navigate the
competitive furniture market. His goal is to ensure that Majesto offers
high-quality, sustainable furniture that can compete internationally.
A Step Toward Sustainability
Sustainability has been a cornerstone of Murshed’s
leadership philosophy, and he intends to carry this vision into his work at
Majesto Limited. By focusing on environmentally friendly production methods and
sustainable materials, Murshed hopes to not only build a successful business
but also contribute positively to the global movement toward sustainable
manufacturing practices.
Leadership in the Furniture Industry
With his track record of visionary leadership at Walton,
Murshed is now poised to make a significant impact in the furniture industry.
Majesto Limited’s expansion plans include not only local production but also
exports to international markets. This marks a new chapter in Murshed’s career,
one that blends his expertise in manufacturing and management with his
entrepreneurial spirit.
The Enduring Legacy of Walton
Although Murshed has moved on to new ventures, his legacy at
Walton Hi-Tech Industries will remain intact. His leadership helped transform
the company into a global contender in the electronics industry, with a strong
market presence in numerous countries. The foundation he laid will continue to
shape Walton’s growth, ensuring that the company remains a key player in the
global electronics sector for years to come.
The Future of Majesto Limited
As Murshed takes on his new role at Majesto, the furniture
industry in Bangladesh is set to undergo a transformation. With his focus on
quality, innovation, and sustainability, Majesto Limited is on track to become
a major force in the global furniture market. Murshed’s leadership will be key
to turning this vision into reality, and his extensive experience in leading a
successful company will serve as a strong foundation for the future.
Conclusion: A Bright Future Ahead
Golam Murshed’s career journey has been marked by his
ability to transform challenges into opportunities. From revolutionizing Walton
Hi-Tech Industries to now leading Majesto Limited, Murshed’s story is one of
entrepreneurial spirit, innovation, and unwavering commitment to growth. As he
embarks on this new chapter in the furniture industry, there is little doubt
that he will continue to leave a lasting impact, not just in Bangladesh but on
the global stage as well.
Golam Murshed: Career Timeline and Achievements
2010 - Began career at Walton Hi-Tech Industries in
Bangladesh as a Production In-Charge.
2010-2020 - Worked through various roles at Walton,
showcasing leadership and innovative skills.
2020 - Became Managing Director & CEO of Walton Hi-Tech
Industries, leading the company through significant growth and transformation.
2017-2022 - Oversaw a revenue increase from Tk 2,732 crore
to Tk 8,168 crore, solidifying Walton's position in the market.
Strategic Acquisitions - Led Walton’s acquisition of
European compressor brands and expanded production internationally, including
in South Korea.
Global Recognition - Walton was featured in National
Geographic's SuperFactory series under Murshed's leadership, marking a
significant global milestone.
2022-2023 - Managed Walton’s expansion into over 40
countries while facing macroeconomic challenges that impacted revenue.
October 2023 - Stepped down from his role at Walton Hi-Tech,
after a transformative tenure, to pursue new opportunities.
2023-Present - Became Managing Director of Majesto Limited,
a family-run furniture manufacturing company with a focus on premium,
sustainable products.
Future Plans for Majesto - Aims to establish a
state-of-the-art factory in Narayanganj and expand Majesto into international
markets, positioning it as a global leader in sustainable furniture
manufacturing.
Sustainability Vision - Continues his focus on
sustainability, driving Majesto's commitment to environmentally-friendly
production and innovative design.
