Phoenix Group has pioneered in the rapid industrialization of Bangladesh for the last two decades and succeeded in establishing more than twenty industrial units.

Historically the group started its first industrial venture in early seventies by taking over Phoenix Cotton Products Ltd., one of the leading mosquito net manufacturing industry of that time. Through the main architect of the group Mr. Deen Mohammad established his first industry., Pakistan Industries Ltd., the then East Pakistan in mid sixties.

In 1975 Phoenix Group Established with it's two weaving units at Tongi, Gazipur, namely, Phoenix Silk Mills Ltd. and Phoenix Dyeing and Processing Industries Ltd.

The group established its first 100% export oriented leather industry in 1977 in the name and style of Phoenix Leather Complex Ltd., which was also the first Public Limited Company of the Group.

The Group established a modern textile dyeing, printing and finishing mill in 1978 in the name and style of Phoenix Textile Mills Ltd. and second dyeing and finishing unit M/S Eastern Dyeing and Calendering Works Ltd., in 1980. The Group took over M.M. Dyeing and finishing Mills Ltd., a 100% synthetic textile dyeing and finishing unit in 1982.

Phoenix group established it's 100% export oriented ready made garments manufacturing Industry in 1983.

In the same year with active support of the Group and untiring effort by the Chairman Mr., Deen Mohamed, The City Bank Ltd. was established, which is a leading Commercial Bank in the Private Sector of the Country.