Astha IT, a globally operating and Bangladesh’s leading IT software and technology consultant, secured a multi-million-dollar investment from reputed apparel manufacturing company Fakir Fashion to dominate Bangladesh and global markets.
Fakir Fashion Managing Director Fakir Kamruzzaman Nahid, and Astha IT founder and CEO Md Hasnaeen Rizvi Rahman signed an agreement on Tuesday in the capital.
Astha IT was founded in 2008, and currently it headquarters in the USA, globally offering top-rated and vetted coding talent for scalable solution development for governments, large-scale enterprises, industries and startups.
The company has over 500 talented professionals is renowned for their expertise in areas such as AI, DevOps, cloud computing, and cutting-edge software development.
On the other hand, Fakir Fashion opened its door to the apparel manufacturing business in 2009 as an independent vertically integrated knit garment setup, and currently exporting worth about $170 million clothes annually.
As per the two companies’ agreement, Fakir Kamruzzaman will be the new chairman of Astha IT, while Hasnaeen Rizvi’s designation will be unchanged.
Fakir Kamruzzaman said: “Fakir Group has a good reputation across the Bangladesh’s business industry and abroad. On the other hand, Astha IT is providing information technology support for over 15 years, and they have many leading customer.
“I believed that our joint work and capitalizing our reputation will help to be a country’s largest IT support providing farm.”
In their 15 years journey, Astha IT has over 50 foreign customers, and completed over 1,200 projects successfully. The company providing skilled IT engineers for companies, governments for short and long terms.
It has providing AI support for companies as well.
As per the new agreement, Fakir Fashion will invest in Astha IT aims to leverage the strengths of companies, driving innovation and accelerating digital transformations across various sectors Worldwide.
Astha IT CEO Hasnaeen Rizvi said: “We have over 500 software engineers, and most probably, we are the first It-based Bangladeshi company who has an office in USA.
During the program, Bangladesh Association of Software and Information Services (BASIS) president Russle T Ahmed drew attention to the emerging IT industry of Bangladesh and its immense potential to empower its youth and make use of its human resource.
Bangladesh Knitwear Manufacturers and Exporters Association Vice President Fazlee Shamim Ehsan said: “Software and information services are key elements for every sector, and currently the area is dominating by the foreign companies."
