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Be Rich Limited

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Be Rich Limited
Be Rich Limited logo
Native name
বি রিচ লিমিটেড
Private
ISIN🆔
IndustryStockbroker
Founded 📆2007; 17 years ago (2007) in Chattogram, Bangladesh
Founders 👔
Headquarters 🏙️C&F Tower, Sheikh Mujib Road, Agrabad,
Chattogram
,
Bangladesh
Area served 🗺️
Bangladesh
Key people
  • Md. Shamsul Islam (Chairman)
  • Kazi Rafiqul Hasan (Managing Director)
Services
  • Stockbroker
  • Portfolio management services
  • IPO
  • Investment advisory
Members
Number of employees
🌐 Websitewww.berichbd.com
📇 Address
📞 telephone

Be Rich Limited (Bengali: বি রিচ লিমিটেড) is a Bangladeshi stockbroker company established in 2007.[3] The company is specialized in IPO application services and is the first market maker for the stock market in Bangladesh.[3][4] It is the second-largest brokerage house of the Chittagong Stock Exchange and number one for online trading. It offers brokerage services to retail clients. The company's headquarter is in Chattogram, and has 8 franchisee outlets in six cities across Bangladesh.

The company is a member of the Dhaka Stock Exchange and Chittagong Stock Exchange.[5][6] The company's services include online stock broking, portfolio management services, IPO, and Investment advisory services. With several special facilities like Online Trade, Electronic funds transfer, instant IPO application, portfolio manager etc. A subsidiary of Be Rich Limited is a 100% digital brokerage house named 01 Limited.[7]

History[edit]

In 2007, Be Rich Limited was co-founded by Md. Shamsul Islam and Kazi Rafiqul Hasan. Islam is an entrepreneur, investor, stockbroker, and businessperson. He is also one of the Fellow Chartered Accountants (FCA) of the Institute of Chartered Accountants of Bangladesh, and former director of Chittagong Stock Exchange.[8][9][10]

In 2008, the company entered the retail brokerage market after receiving regulatory approvals from Chittagong Stock Exchange.

In August 2021, the company got approval for a market maker licence from the Bangladesh Securities and Exchange Commission following Bangladesh Securities and Exchange Commission (Market Maker) Rules, 2017.[3][11][2][12][13] In 2021 Be Rich held the second position in the Top 20 brokers of Chittagong Stock Exchange.[14]

Digital booths[edit]

Along with five branches, the company has three digital booths. It received approval to open its first digital booth, in Sylhet, in June 2021. In July 2021 it received approval to open digital booths in Sandwip and Chatkhil.[6]

References[edit]

  1. Tushar, Rashedul (21 June 2018). "ব্যবসায় স্বাতন্ত্র্য বজায় রেখেছে 'বি রিচ'" (in Bengali). Chattogram: Kaler Kantho. Archived from the original on 28 June 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  2. 2.0 2.1 "পুঁজিবাজারে 'মার্কেট মেকার' ভূমিকায় অবতীর্ণ হবে বি রিচ" (in Bengali). Chattogram: Kaler Kantho. 31 August 2021. Archived from the original on 31 August 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  3. 3.0 3.1 3.2 "Be Rich got approval as first market maker for stock market". The Daily Star (Bangladesh). 29 August 2021. Archived from the original on 29 August 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  4. "Be Rich Receives Approval as First Market Maker for Stock Market". Tittle Press. 30 August 2021. Archived from the original on 21 September 2021. Retrieved 8 September 2021. Unknown parameter |url-status= ignored (help)
  5. "Be Rich Limited (CSE Member Details)". CSE. CSE. Archived from the original on 14 August 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  6. 6.0 6.1 "আরো দু'টি 'ডিজিটাল বুথ' খোলার অনুমতি পেয়েছে বি রিচ" (in Bengali). Risingbd.com. 8 July 2021. Archived from the original on 9 July 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  7. "How Be Fresh Ltd becomes an icon in tourism sector". The Business Standard. 20 October 2022. Archived from the original on 28 October 2022. Retrieved 17 June 2023. Unknown parameter |url-status= ignored (help)
  8. "CSE discussion on strategic business planning in CTG". Bangladesh Development Reports. 2 February 2017. Archived from the original on 7 July 2021.
  9. "BOARDS OF DIRECTORS". cse.com.bd. CSE. Archived from the original on 20 May 2018. Retrieved 2 August 2018. Unknown parameter |url-status= ignored (help)
  10. Star Business Report (16 February 2014). "CSE elects 4 directors". thedailystar.net. The Daily Star. Archived from the original on 7 August 2018. Retrieved 2 August 2018.
  11. "Be Rich gets BSEC's nod as market maker". Bbusiness Insider. 29 August 2021. Archived from the original on 13 September 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  12. "বি রিচকে বাজার সৃষ্টিকারী নিবন্ধন সনদ প্রদানের সিদ্ধান্ত" (in Bengali). Orthosongbad. 29 August 2021. Archived from the original on 7 September 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  13. "Bangladesh Securities and Exchange Commission (Market Maker) Rules, 2017" (PDF). sec.gov.bd (in Bengali). Dhaka: SEC. 13 June 2017. pp. 1–20. Archived from the original (PDF) on 19 January 2021. Retrieved 7 September 2021. Unknown parameter |url-status= ignored (help)
  14. "Top 20 brokers and dealers of CSE". Financial Express. 5 January 2022. Archived from the original on 28 January 2022. Retrieved 17 June 2023. Unknown parameter |url-status= ignored (help)

External links[edit]

Coordinates: 22°19′28″N 91°48′42″E / 22.3245°N 91.8118°E / 22.3245; 91.8118

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