MM Rahmatullah: Phoenix Finance & Investments Limited is one of the leading & reliable multi- products Financial Institutions in Bangladesh. Said S. M. Intekhab Alam, the Managing Director of Phoenix Finance & Investments Limited. As a leading Financial Institution, PFIL was incorporated in Bangladesh on April 19 in 1995 as Public Limited Company under the Companies Act 1994 and started its operation on May 9 in 1995 as a Non Banking Financial Institution under Financial Institution Act 1993. It has changed its name to Phoenix Finance & Investment Limited (PFIL) with a view to reflecting multi-dimensional financial activities the company has been doing other than Lease Financing which although, has remained as the prime area of the financial activities. The Former name of Phoenix Finance & Investments Limited was Phoenix Leasing Company Limited.Phoenix Finance & Investments Limited has never shielded away from its obligations towards the community and has continued to be involved in a number of Corporate Social Responsibility (CSR) cases. PFIL also comply with its obligations towards the environment and wishes to be a partner in sustainable development through participation agreement with Bangladesh Bank’s Refinancing Scheme in the Housing Sector.
The remarkable performance at all levels achieved mainly through our energetic efforts in marketing strategy, efficient fund management, risk analysis, diversification of products and services. I feel, this could never be achieved without continuous support and everlasting trust over us from our valued stakeholders and the untiring efforts of our highly capable management staff.
Mr. Azizur Rahman is the Chairman of Phoenix Finance & Investments Limited. He is an established Business personality having 40 years of experience in the Manufacturing Sector. He started his Career from the Old Town Dhaka as a Hard ware Businessman. Afterwards he uplifts himself to the Service Sector of the Country and established himself in the Insurance and Banking Sector accordingly. He travelled many Countries in the World and participated with various business programs at home and aboard.
On the other hand S. M. Intekhab Alam is currently carrying out his responsibility as the Managing Director of Phoenix Finance & Investments Ltd. since 1st January 2008. He is an MBA, major in Finance from Institute of Business Administration (IBA), University of Dhaka. One of the famous Investment Banking Personality, Mr. Intekhab Alam started his career with the Banking Sector of Bangladesh in the year 1990 as Probationary Officer of Pubali Bank Ltd. As a man of great integrity and sincerity, Mr. Alam performed his duty and responsibility and enhanced his bright career in seven local and foreign Banks such as Pubali Bank Limited, Dhaka Bank Ltd., ANZ Grindlays Bank, Standard Chartered Grindlays Bank, BRAC Bank Limited, The Premier Bank Ltd. and Southeast Bank Ltd. in different capacities. Within a short period of time, he rose to the zenith position of banking and financial sector, which is very rare.
Mr. Alam took part in various training programs at home and abroad, which included Foreign Exchange and International Trade, Lending Risk Analysis, Relationship Banking, Corporate Finance etc. He is a Trainer of BIBM and different Institutions. He was a part time faculty member of AsianUniversity of Bangladesh and BRACUniversity. He is a permanent member of Dhaka Club Ltd. Mr. S. M. Intekhab Alam was awarded “Atish Dipankar Gold Medal–2008” for his outstanding performance in the Financial Sector. With his sincere contribution to, Phoenix Finance & Investments Limited, it has been awarded with the International Star Award for Quality in the Gold Category from Business Initiative Directions a prominent business organization based in Madrid, Spain for its commitment to excellence, innovation, customer satisfaction, technology, leadership and strategic planning. He attended the Prize Giving Ceremony in Geneva, Switzerland held on 06th September, 2010.
Authorized capital of the Company is TK.1000 million divided into 10,000,000 ordinary shares of TK.100 each. PFIL has floated its share through the Initial Public Offering (IPO) of the Company for 12,50,000 Ordinary Share of TK 100 each at par amounting to Tk. 12.50 core in 2007. Now the paid up capital of the Company has been raised to 43,70,437 share amounting to Tk. 43,70,43,700. The shares of the Company were listed with Dhaka and Chittagong Stock Exchanges on September 25, 2007.
Sponsor shareholders of the company includes a renowned corporate body namely Phoenix Insurance Company Ltd., a leading Insurance Company in Bangladesh .Others are Individuals having wide range of experience in the field of Commerce and Industries.
The main objective of Phoenix Finance and Investments Limited is to allocate scarce financial resources to capital investment through funding in capital machinery / equipment specially BMRE of the existing industrial enterprise to stimulate the industrial development of the country and also to provide financial assistance through leasing and other multi- dimensional products & services to all levels of entrepreneurs for a wider range of asset acquisition.
The company has also diversified its products and services to such other areas as Housing and Real Estate, Bridge Financing, short term and Mid Term Loan and startup working capital to cater to divergent needs of the economy, The company also opened a SME Branch in Dhaka on February 7, 2007 for promoting Small and Medium enterprise exclusively for alleviation of poverty through creation of employment and generation of income on a sustainable basis. Besides this, PFIL also acquired 25% ownership of Brokerage Company dealing with the Dhaka and Chittagong Stock Exchange to further diversify its investment activities. PFIL now offers a wide range of financial services tailored to the needs of its customers. PFIL provides brokerage services through its 25% owned Associated Company named Phoenix Securities Limited a member of DSE & CSE.
