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”.

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.

CSR activities of “SQUARE”

Other CSR activities performed by “SQUARE” :-

Committed to support precautionary approach to environmental challenges & to promote greater environmental responsibility- such as, Effluent Treatment Plant (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.

Recommendation

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.