In 1984 Phoenix Fabrics Ltd. a synthetic dyeing finishing unit was established.

Phoenix Group established its largest unit Phoenix Spinning Mills Ltd., a combined spinning cum weaving mill consisting of 25,000 spindles and 400 looms at Ganakbari near Savar, Dhaka in 1985. The unit now has two rotors with 192 spindles in each.

In 1986 at the personal initiative of the Chairman Mr. Deen Mohammed and with the co-operation of Phoenix Group, Phoenix Insurance Company Ltd. - one of the leading General Insurance Company of the country was established.

The next year that is in 1987 the Group entered into iron and steel business and established M/S. Appollo Steel Mills Ltd., a Galvanised Corrugated Iron Sheet Manufacturing Industry joining with Mr. Md. Ansar Ali and his nephews, the leaders in trading of Galvanised Corrugated Iron Sheet of the country. With their association, the Group is now on the road to reach the Pinnacle in the steel industry, by establishing the largest Steel Mill in the Private Sector in 1987 in the name and style M/S. Appollo M.T.

The recent achievement of the Group particularly of its Chairman is the establishment of Phoenix Leasing company Ltd. in 1995, the third leasing company of the country.

In the month of April 2000, another expansion of Phoenix Spinning Mills was established namely "Rangdhanu Spinning Mills Ltd." This unit is a 100% export oriented one, situated at Ganakbari, Savar, Dhaka. It started with 26,000 spindles with the latest machinery from the U.S.A. Japan, China and India. It's products are mainly consumed by the 100% export oriented Knitting industries.

Phoenix Group, its board of directors and its Management Team by their untiring effort for last two decades could achieve this height to-day and contributing largely towards the economic development of the country by employing more than 5,000 workers and employees and by producing goods and services worth millions of Taka.