Navigator 5.047PEOPLE
Navigator 5.048EMPOWERING COMMUNITIES THROUGH LOCAL EMPLOYMENTLocal employment is central to Urmi Group’s operations in Bangladesh, as shown in its workforce data from 2022 to 2024. The group employed 13,519 workers in 2022, increasing to 14,157 in 2023 and 16,317 in 2024. Mymensingh dominated with 5,010, 4,935, and 6,540 employees each year, while Dhaka grew from 2,447 to 3,140. Barishal and Rangpur reached 1,736 and 1,987 by 2024, respectively, though Chattogram fell significantly from 1,213 to 675. Khulna, Rajshahi, and Sylhet displayed varied trends, with Sylhet rebounding to 495.This expansion highlights Urmi Group’s dedication to uplifting local talent, fostering regional growth, and adhering to GRI standards for sustainable development.BARISAL1,736DHAKA3,140KHULNA700RAJSHAHI1,044MYMENSINGH6,540 SYLHET495RANGPUR1,987CHATTOGRAM675TOTAL EMPLOYEE BASED ON REGION 2024
Navigator 5.049EMPLOYMENT STATUSYEAR TOTAL EMPLOYEEGENDER AGEMale Female 18-30 30-50 50+2022 13,521 6,859 6,662 8,708 4,701 1122023 14,157 7,423 6,734 9,297 4,734 1262024 16,317 9,044 7,273 10,563 5,613 140HIRING STATUSYEAR TOTAL EMPLOYEEGENDER AGEMale Female 18-30 30-50 50+2022 11,373 5,480 5,893 8,708 2,660 52023 7,192 3,900 3,292 5,696 1,490 62024 10,010 5,287 4,723 7,819 2,189 2TURNOVER STATUSYEAR TOTAL EMPLOYEEGENDER AGEMale Female 18-30 30-50 50+2022 11,355 5,285 6,070 8,605 2,728 222023 8,201 3,991 4,210 6,296 1,878 272024 7,447 3,831 3,616 5,569 1,844 3455%Male45%Female65%Age 18-3034%Age 30-501%Age 50+Introduction Governance Planet People Process Finance
Navigator 5.050INCLUSIVE EMPLOYMENT for a sustainable futureUrmi Group’s workforce continued to grow in 2024, with total employment rising by 15% to 16,317. Urmi Garments Ltd. led with 24% growth, reflecting our commitment to expanding operational capacity and investing in people.Gender diversity made notable progress, with an 8% increase in female employees, totaling 7,273. Women made up 47.2% of new hires, up from 46% in 2023—driven by efforts to build a more inclusive recruitment pipeline. Female representation in supervisory roles also rose from 9% to 10%, showing modest but steady progress. Women currently hold 4% of managerial positions, and we remain committed to strengthening their leadership presence.Our workforce is predominantly young, with 65% aged 18–30, 34% aged 30–50, and 1% over 50. The 30–50 age group grew by 19%, suggesting stronger mid-career retention. Hiring also shifted, with 22% of new recruits from this age group (up from 21%), and 78.1% from the 18–30 demographic.Retention improved significantly, as the turnover rate dropped from 4.8% to 3.8%. Turnover was highest among the youngest workers (2.8%) and lowest in the 30–50 group (1%). Gender-wise, female turnover was 1.8% and male 2%.Parental support showed strong results, In 2024, 313 employees took maternity leave, and 55% stayed employed 12 months after returning—up from 62% last year. This progress reflects improved support systems and wider use of our free daycare services.Rising Women in Leadership, Urmi Group empowered women through inclusive hiring, increasing female supervisors by 29%—from 86 to 111—to create a supportive and diverse workplace culture.Disabilities inclusion, at Urmi Group grew in 2024, as employees with disabilities rose from 89 to 96, strengthening diversity and shaping a sustainable future.Geographically, our employees remain primarily from the Dhaka and Mymensingh divisions, consistent with previous years.Looking ahead, we will continue deepening efforts on gender equity, leadership development, and inclusive hiring—ensuring Urmi Group remains a place for sustainable careers and meaningful growth.15% 16,317 employeesworkforce growth45% 7,273 female employeefemale employee3.8% 4.8% was in 2023turnover7% 96 employeesrise in disabled inclusion111 29% increase from 2023female supervisorIntroduction Governance Planet People Process Finance
Navigator 5.051THE LONGEST WALK WITH USNOOR JAHAN 21 years of commitment!Noor Jahan has been a part of Urmi Garments Ltd. for over 21 years—a journey marked by hard work, resilience, and deep-rooted loyalty. Starting as a young operator, she found more than a job—she found respect, stability, and a workplace that genuinely cared. Today, she and her husband both work at the Demra Project, building a secure life and a hopeful future for their only child.What makes Noor stay is not just the salary or structure, but the dignity and support she receives every step of the way. From fair wages and festive bonuses to a clean, safe work environment, Noor has been given space to grow with confidence.Urmi’s true commitment shone during life’s hardest times. When Noor became a mother, she received full maternity benefits. When her mother fell ill, the company supported her with Tk. 60,000. Later, when her baby needed treatment, Tk. 100,000 in medical aid helped ease the burden.This story exemplifies how Urmi Group cherishes long-term employees through meaningful care and steadfast dedication.
Navigator 5.052Gender equality is more than value of Urmi Group’s vision for inclusive growth. In 2024, we scored 41% in the UN WEPs Gender Gap Analysis, marking tangible progress toward workplace equity. This year, 313 women benefited from paid maternity leave, along with safe breastfeeding rooms, on-site childcare, and comprehensive healthcare. Inclusive hiring and skill-building through Sudokkho and Sarathi boosted female supervisors to 111—a 29% rise—and women now hold 6.42% of managerial roles. These efforts break barriers, ensure dignity at work, and empower women to shape stronger communities, thriving businesses, and a truly sustainable future.111Femalesupervisor29%Femalesupervisor increased from 20236.42%Femalein managerial roleCapt. (Retd) Israt Jahan SoronyManager, Safety and SecurityAs a Safety and Security manager since September 2023, l’ve leveraged my defence background to enhance safety and empower women, creating a more secure and inclusive environment.Nur NaharSupervisor, SewingUrmi’s supportive work environment and skill development programs empowered me to grow from a sewing operator to a supervisor, turning my aspirations into reality.Introduction Governance Planet People Process FinanceEQUALITY IN ACTIONWOMEN IN LEADERSHIP
Navigator 5.053Urmi Group is committed to diversity, equity, and inclusion, guided by the Bangladesh Labour Act, ILO Conventions, and our internal policies. Our approach rests on four pillars: policy, implementation, monitoring, and continuous improvement. We enforce non-discrimination, train managers on inclusion, and track workforce diversity. A key focus is integrating persons with disabilities through initiatives like the Marks & Start Project, offering accessible infrastructure, job training, and flexible work options. In 2024, we employed 96 persons with disabilities and 44 individuals from indigenous communities, with 4 in supervisory roles from each group. This reflects our drive to build a truly inclusive and representative workplace at every level. We ensure equal pay for equal work, the female to male pay ratio is 1:1.Papri Gabli, an indigenous employee who joined Urmi Group as an operator in 2017, progressed through the company’s Skill Development Program and inclusive work environment to become a supervisor in 2023. Her inspiring leadership reflects Urmi Group’s dedication to diversity, equity, and inclusion, empowering underrepresented communities and promoting sustainable growth.Papri Gabil’s Leadership JourneyIndigenous in workforceespecially abled in workforceDIVERSITY AT THE FOREFRONT40indigenous employees in non-supervisory role 92specially abled non-supervisory role4indigenous employees in supervisory role 4specially abled supervisory rolePapri GabliSupervisor, SewingIntroduction Governance Planet People Process Finance
Navigator 5.054Hamidur Rahman grew up in Cox’s Bazar with more loss than most could bear. He lost his mother at four, and last year, his father. An accident took his leg, and with no family to lean on, he worked in an electronics shop—not for pay, but just for food. That changed when he joined Urmi Garments Ltd. through the CRP program. Here, he found not just a job, but respect. Now earning BDT 17,000–18,000 a month, Hamidur has built a home, gotten married, and gained back the dignity life once denied him. Despite his disability, he outperforms many of his peers. Urmi’s support, paired with Hamidur’s spirit, turned hardship into hope—and gave him a future he never thought possibleHAMIDUR’S STORY
Navigator 5.055SUHRIDFair Price Shop Urmi Group established Suhrid Fair Price Shops across all strategic business units. Meaning “friend” in Bangla, Suhrid supports workers by providing easy access to daily essentials with optional credit. This initiative advances zero hunger (SDG 2) and decent work (SDG 8), enhancing welfare, food security, and financial inclusion.15% offon essential goodsCreditpurchase option
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Navigator 5.057We don’t just support working mothers we empower them. Here, motherhood is not a barrier but a shared journey, embraced with care, dignity, and respect.In 2024, 313 employees took maternity leave, and 55% remained employed for at least 12 months after returning — a significant rise from 37% in 2023. This progress reflects our unwavering commitment to building a workplace where families thrive.Support for mothers includes a safe, on-site daycare with trained caregivers, a private breastfeeding zone, and breastfeeding breaks fully counted within working hours. Beyond physical facilities, a nurturing culture ensures health and emotional care for both mother and child creating a space where families can truly flourish.This is more than a benefit it’s a promise to grow life and livelihood together, and to ensure every mother is valued, supported, and celebrated.Since 2012, Rina Akter has been a dedicated worker at Fakhruddin Textile Mills Ltd.In 2022, she welcomed her second child, Tayeeba. With her husband returning home late and her elder son attending Madrasa, there was no one to care for the newborn. Urmi Group stepped in — offering a safe, on-site childcare facility where Tayeeba could grow with love, care, and nutritious meals. Rina was able to breastfeed her baby during work hours, knowing her child was in good hands. For her, Urmi is not just an employer — it’s a place where both mother and child are truly nurtured.PARENTAL LEAVERetained 12MonthsLeave enjoyed2022 2023 2024250200150100500235 93 285 106 313 171CARE FOR MOTHER & CHILDIntroduction Governance Planet People Process FinanceA SAFE SPACE TO WORK A LOVING PLACE TO GROW
Navigator 5.058STANDING STRONG FOR EQUALRIGHTS & OPPORTUNITIESFairness for all - Zero DiscriminationUrmi Group is committed to fostering a respectful, inclusive, and bias-free work environment where all individuals are treated with dignity and fairness, regardless of gender, religion, ethnicity, disability, or any other personal attributes. Our non-discrimination framework is guided by the Bangladesh Labour Act (2006), ILO Conventions, and the UN Guiding Principles on Business and Human Rights.The upward trend in reported grievances reflects increased employee awareness and trust in the reporting process, rather than a deterioration of workplace conditions. In 2024, 491 grievances were reported, all of which were reviewed, with 491 remediation plans implemented, including some from the previous period. Notably, 236 cases were monitored through routine internal review processes to ensure effective resolution.Preventive Measures and Compliance Initiatives• Regular anti-discrimination and harassment training for supervisors and line managers• Employee awareness campaigns on rights, equality, and ethical behavior• Policy dissemination through on boarding programs and employee handbooks• Third-party audits aligned with SEDEX and BSCI standards• Inclusion initiatives, including hiring persons with disabilities through the Marks & Start ProgramUrmi Group continues to promote a diverse and equitable workplace, maintaining zero tolerance for discrimination. Our data-driven approach ensures that all grievances are not only addressed but also used to improve systems, training, and accountability across the organization.To ensure accountability, we have a transparent grievance mechanism that enables employees to report discrimination, harassment, or any form of unjust treatment. All complaints are reviewed and addressed by our dedicated HR and Compliance Team in collaboration with internal management.Introduction Governance Planet People Process Finance
Navigator 5.059Grievance Insights 491Total number of incidents / grievance received by the organization236cases closed with effective internal reviewUrmi Group is committed to maintaining an inclusive and equitable work environment, free from all forms of discrimination. Aligned with local laws and global frameworks, we prioritize swift resolution of grievances, ongoing employee education, and systematic oversight to uphold fairness and dignity throughout the organization.0the number of grievances no longer subject to actionIntroduction Governance Planet People Process Finance
Navigator 5.0603.57hours average trainings per employee4.24hours average trainings per female3.78hours average trainings per male58284hours total trainings held21.11%boost in training hours vs last yearUrmi Group is committed to continuous learning and skill development across all employee levels. We provide structured training programs, capacity-building workshops, and leadership development aligned with business needs and sustainability goals. Training effectiveness is regularly evaluated to ensure impact, retention, and career growth opportunities.TRAINING AND DEVELOPMENTIntroduction Governance Planet People Process Finance
Navigator 5.061Training Needs Assessment (TNA)We conduct regular Training Needs Assessments across departments to identify specific skill gaps. Based on these insights, employees are enrolled in targeted training programs that address their development needs, ensuring learning is purpose-driven and results-oriented. Our dedicated Training Department works in close coordination with various teams to ensure a seamless and impactful learning journey:A Collaborative Training EcosystemCorporate Teams Factory Training TeamsAdmin & HR Teams Welfare Officers Internal Trainers & External ExpertsOur training portfolio is designed to cater to a wide spectrum of learning needs and is accessible to employees of all genders, roles, and age groups. Programs include:Inclusive & Diverse Learning ProgramsTheoretical Knowledge Hard SkillsSoft SkillsWe utilize modern tools and platforms to enhance the training experience:Smart Learning InfrastructureLearning Management System (LMS)Pre- and Post-Training EvaluationsOnsite sessions are supported by projectors, laptops, and whiteboards, while virtual learning is enabled via Zoom and Microsoft Teams.Training and development play a vital role in driving success at Urmi Group. Our learning initiatives are built on innovation, inclusivity, and technology to ensure meaningful employee growth. From leadership and safety to technical and personal development, our diverse programs help employees build critical skills and confidence. These efforts not only enhance individual performance and collaboration but also strengthen the company’s overall resilience and long-term sustainability.
Navigator 5.062Introduction Governance Planet People Process FinanceTRAINING SUMMARYTraining category2024Total training hoursTotaltraineeTotal employeeAveragetraining hoursManagement training 1630 600 2196 0.74Management female training 303 67 150 2.02Management male training 1327 533 2046 0.65Worker training 56654 50253 14121 4.01Female worker training 30182 30747 7123 4.24Male worker training 26472 19506 6998 3.78Total 58284 50853 16317 3.57These reviews support not only productivity enhancement but also foster a culture of continuous improvement and accountability.• Goal alignment and KPI review• Individual skill gap assessments• Identification of training needs• Discussions on promotion, lateral movement, and upskilling• Personalized development plans for both workers and managementUrmi Group ensures that 100% of employees undergo annual performance and development reviews. This structured process includes: Employee Training Engagement Overview32%8%11% 2% 4%1% 5%5%1%3%1%1%2%24%Oriantation HIV/ Balanced Diet Policy/COC First Aid Fire TrainingAnti Harrasment Grivance OSH Maternity/Nutrition Quality/QMSInjury Fire Drill Skill Development Others TrainingEmployee Training Engagement Overview
Navigator 5.063Introduction Governance Planet People Process FinanceIn 2024, Urmi Group reinforced its long-standing commitment to workforce capacity building through an expanded set of training and development initiatives. Compared to the previous year, the overall training efforts demonstrated remarkable growth. Total training hours increased from 48,124 hours in 2023 to 58,284 hours in 2024, reflecting a significant rise of 21.11%. This sharp improvement illustrates the Group’s enhanced focus on strengthening compliance, safety awareness, technical skills, and behavioral competencies across all levels of employees.The average training hours per employee also improved considerably, rising from 3.4 hours in 2023 to 3.57 hours in 2024, an increase of 5.6%. This upward shift highlights broader participation and access to structured learning opportunities, ensuring that the majority of the workforce benefits from skill development programs. Importantly, management staff received 0.74 hours on average in 2024, compared to 0.7 hours in 2023, showing a 6.04% increase. This growth underlines Urmi Group’s recognition of leadership and managerial capacity-building as critical enablers for sustainable business growth.Urmi Group promotes gender equality in learning and development. Female employees consistently received more training than male employees, average 5.2 hours in 2023 and 4.24 hours in 2024, reflecting strong engagement and focus on women’s empowerment. Male employees also improved steadily, creating a more balanced distribution of learning hours across the workforce. This approach ensures equal opportunities for skill development, professional growth, and leadership for all employees.Collectively, these outcomes indicate that Urmi Group has not only scaled up its training infrastructure but also diversified program content across critical areas such as orientation, occupational safety, antiharassment, fire safety, and skill development. While there is scope for further strengthening female engagement to maintain year-on-year growth, the overall trajectory reflects positive momentum. By embedding continuous learning into its sustainability agenda, Urmi Group ensures that employees are empowered with knowledge and skills, contributing to a safer, more inclusive, and future-ready organization in line with GRI reporting standards.BUILDING SKILLS BREAKING BARRIERS
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Navigator 5.065We believe leadership isn’t hired—it’s cultivated. Since 2006, our Management Trainee Officer (MTO) Program has been the foundation for building a resilient, future-ready workforce from within. This program bridges the gap between potential and performance, blending structured training, real-world exposure, and mentorship to transform fresh graduates into industry leaders.The impact is best told through the journeys of those who lived it. Md. Abdul Quddus joined as an MTO in 2008; today, he leads innovation and efficiency as Deputy General Manager. Masum, once a trainee with dreams, is now the Head of a Business Unit, steering operations with vision. Mohammd Mubaruk Hossen, who started on a production floor, now manages a factory with data-driven precision. And Tanjina, one of the youngest MTOs, earned her promotion within just six months, showcasing how drive meets opportunity at URMI.These aren’t just success stories—they’re proof that at URMI, we grow leaders who shape the future.MANAGEMENT TRAINEE PROGRAMMd. Abdul Quddus (Sumon)DGM - (Production)Md. Abdul Quddus (Sumon) began his journey at Fakhruddin Textile Mills Ltd., Urmi Group, in 2008as a Management Trainee. With a Master’s in Physics and an MBA, he took on challenges in Industrial Engineering and production with a learner’s mindset. Through mentorship, training, and global exposure, he steadily advanced to become Deputy General Manager of the Garments Division. Today, he leads initiatives in process innovation, sustainability, and team development—embodying Urmi Group’s dedication to nurturing high-potential talent and building future-ready leaders from within the organization.Masum BillahAGM - (Production)Masum Billah began his journey at Urmi Garments Ltd. in 2006 as a young trainee with determination and ambition. Starting as a Work Study Officer, he quickly adapted, learning from mentors and embracing every opportunity for growth. With each promotion, he took on greater challenges, fueled by teamwork and a drive for excellence. Today, he serves as Head of Business Unit, a testament to nearly two decades of commitment and development. Masum’s story reflects Urmi Group’s core values—nurturing talent, building leaders, and fostering a culture of long-term growth and success.Mohammad Mubaruk HossenFactory ManagerMohammd Mubaruk Hossen began his journey with Urmi Group in 2006 as a Management Trainee Officer. With determination and a sharp learning mindset, he turned 65% floor efficiency into 85%, and expanded machine capacity from 910 to 1,250. Rising through the ranks—from Executive to Deputy Manager—he became Manager of Industrial Engineering in 2015, streamlining operations with data-driven methods. In 2016, he was promoted to Assistant Factory Manager, and in 2022, he reached the top as Factory Manager – Production. His growth reflects the true spirit of Urmi’s MTO program.Introduction Governance Planet People Process Finance
Navigator 5.066Urmi Group believes that meaningful change starts with individuals who take initiative. That belief is celebrated through the ABCD Award, which honors employees who go Above and Beyond with Accountability, Bravery, Consistency, and Discipline. Held every four months, the award recognizes staff (excluding department heads) with at least one year of service and a clean record, rewarding them with a certificate and a place on the Wall of Fame. From Atikur Rahman’s automation to Haradhon Dey and Mahmud Foysal Noor Hassan and Sree Ripon Chandro Das’s shopfloor innovations, these stories prove that small actions drive big impact.
Navigator 5.067ABCD AWARD WINNERS CHAMPIONING SUSTAINABILITYFoysal and Ripon received the ABCD Award for creating a small device that eliminated finger pain for helpers attaching hangers on the finishing line. This empathydriven solution not only improved worker comfort but also saved 0.06 SMV per piece and boosted output from 135 to 168 pieces per hour. Their innovation proves that putting people first can drive performance, embodying Urmi’s culture of empathy, efficiency, and excellence.Mr. Atikur Rahman’s automated Parcel Management System enabled 100% real-time tracking and saved 135 hours daily, significantly improving efficiency. The system also reduced material costs by BDT 1,62,000 annually. By minimizing paper waste, his initiative advances sustainability and eco-friendly logistics, reflecting Urmi’s core values—innovation, responsibility, and going Above and Beyond the Call of Duty.Md. Atikur RahmanDeputy Manager, HR OperationsMr. Haradhan Dey’s innovative fix to a long-standing soda dosing valve issue prevents fabric quality loss, saves 48 hours of machine time, and conserves over 1 million liters of water annually. His solution also reduces costs by BDT 1,948,800 each year. By enhancing efficiency, quality, and sustainability, Haradhan exemplifies Urmi’s values—Accountability, Bravery, Consistency, and Discipline.Haradhan DeyManager, Dyeing Mahmud Foysal Noor Hassan& Sree Ripon Chandro DasManager, Work Study & Maintenance
Navigator 5.068OCCUPATIONAL HEALTH & SAFETYOccupational Health and Safety (OHS) is a fundamental pillar in our commitment to creating a secure, inclusive, and empowering workplace at Urmi Group. We firmly believe that a safe and healthy environment is the foundation of productivity, employee well-being, and sustainable growth.Our comprehensive OHS Management System aligns with the Bangladesh Labor Act (BLA) 2006, Bangladesh National Building Code (BNBC), Fire Service and Civil Defense (FSCD) standards, and ILO guidelines. It emphasizes hygiene, emergency preparedness, personal protective equipment (PPE), mental and physical health, and transparent incident reporting.To cultivate a culture of prevention and accountability, we provide our employees with regular safety training, risk assessments, and emergency drills. Additionally, we have established dedicated Safety Committeesand specialized Fire Safety Teams across all our facilities. These teams ensure ongoing vigilance, readiness for audits, and swift action in emergency situations.Our commitment to safety is enhanced through the use of technology, including real-time hazard monitoring and an anonymous reporting platform. This enables the prompt and confidential resolution of safety concerns, while our SATTVA-ESG software ensures efficient tracking and reporting of hazardous accidents, incidents, and grievances.On-site health centers and physiotherapy centers offer holistic care, recognizing that employee well-being extends beyond physical health to mental wellness. We don’t just meet safety standards, we set new benchmarks. By embedding safety into every aspect of our operations and empowering our people, we are shaping a workplace where everyone can thrive with well-being.
Navigator 5.069Urmi Group is committed to an extensive training program that encompasses vital safety areas such as Health & Safety, PPE usage, Risk Assessment, Chemical Safety, and Machine Safety operations. Our program is carefully crafted to provide critical knowledge and practical skills, preparing employees for a wide range of workplace situations. Currently, 31.91% of our workforce has completed training in our occupational health and safety management system. Driven by our passionate administrative, HR, and compliance teams, our training sessions are thoughtfully scheduled and aligned with our Training Needs Assessment (TNA) to ensure comprehensive coverage. Through sustained efforts from 2022 to 2024, Urmi Group demonstrates its dedication to fostering a secure, health-conscious, and thriving workplace.OHS Training Coverage (%)SAFETY COMMITMENT26.47%28.94%31.91%2022 2023 2024Urmi Group ensures workplace safety through quarterly hazard and risk assessments (HIRA) and monthly OHS audits, enabling prompt preventive actions. Our Safety Committee—equally composed of workers and management—meets monthly to review safety performance and incidents.We offer free, regular training on PPE use, ergonomics, injury prevention, and machine safety during work hours. Our on-site medical team provides immediate care, backed by a physiotherapy center for musculoskeletal support.Beyond basic care, we partner with healthcare providers to deliver routine check-ups, HIV/STD education, breast cancer awareness, vision screening, and nutrition sessions. We also offer free TB screening and diagnostic tests like Complete Blood Counts (CBCs) and chest X-rays to monitor occupational health risks.This integrated system promotes a safe, responsive, and health-focused work environment.EVERY RISK ASSESSED, EVERY LIFE VALUED
Navigator 5.070RISK ASSESSMENT METHODOLOGY StartFinishIdentification ofHazard SourcesRisk Consideration/Estimation/Calculation• Frequency/Probability Analysis• Consequence AnalysisRisk AnalysisRisk EvaluationRisk AssessmentRisk EvaluationRisk ReductionRisk AcceptanceCriteriaIs the riskTolerable?We ensure that risk assessment and controls are effective and up to date At Urmi Group, we conduct systematic risk assessments to safeguard the health and safety of our workforce. Our process begins with the identification of hazard sources, followed by risk consideration through probability, frequency, and consequence analysis. Each risk is then evaluated against defined acceptance criteria. Where risks are found intolerable, mitigation and reduction measures are promptly implemented. This cycle ensures risks remain within tolerable limits. We regularly review and update our assessments, ensuring that controls are both effective and aligned with evolving regulations. Through this proactive approach, we foster a safe, resilient, and compliant workplace for all employees.Introduction Governance Planet People Process Finance
Navigator 5.071SAFETY IN EVERY STITCH Occupational health and safety are integral pillars of Urmi Group’s operations, reflecting a culture of continuous improvement, resilience, and proactive measures. From 2022 to 2024, we maintained zero major injuries, underscoring the effectiveness of our safety framework.Injury Data insights 2022–24Total minor injuries across the group decreased by 11.11%. FTML showed the most significant progress with a 29% reduction. UGL followed with 3% decrease. UHM, however, reported a 57% decrease in minor injuries.Operational Context and Injury InsightsThree of our entities—UHM, UGL, and AMCOL—are cut-to-pack facilities that do not involve heavy machinery, naturally lowering risks like hearing damage. However, the manual nature of their operations presents ongoing challenges such as: 1082022 2023 2024 8796Minor injury StatusOur Path forwardBy addressing these challenges head-on, we aim to build a more resilient, injury-free workplace where every employee feels safe and comfortable.These injury trends reinforce Urmi Group’s commitment to proactive safety governance. We will continue to:Enhance preventive protocolsImprove tool and equipment safetyExpand targeted training for highrisk tasksUtilize ESG software for real-time incident reporting and analysisFoster a safety-first culture through awareness and accountabilityCuts, lacerations, and puncturesNeedle, scissor, and cutter injuriesRepetitive strain injuries (RSIs) from prolonged manual tasksIncidents involving snap buttons and table-mounted equipment
Navigator 5.072Snap button injurySharp tools injuryMachine/Table injuryCutter/Scissor injuryNeedle injuryWork safety awareness programFire detection and protection systemsMedical Team of Accident Response and investigationProvision of Machine safetyGuards and personalProtective equipment (PPE)Safety Meetings and trainingsRegualr Check and Monitoring of safety conditions and practicesAdherence to policy and ProceduresRisk Assessmentand remediationRegular Monitoring ofWorkplace safetyAwareness training provided internally and externallySafety and (PPE) training provided to all workersAwareness posters& signsEliminationWe remove hazards entirely when possible.e.g. replacing noisy old machinery with quieter, modern alternatives.SubstitutionHazardous materials or processes are swapped for safer options.e.g. using less harmful ZDHC- compliant chemicals in fabric processing.Engineering ControlsWe redesign systems to isolate hazards.e.g. installing ventilation to remove fumes and machine guards to prevent injury.Administrative ControlsWe adjust work procedures to minimize risk.e.g. rotating tasks, scheduling regular breaks, and training supported by ESG reporting tools.Personal Protective Equipment (PPE)Personal protective equipment (PPE) is the fifth level of control and is the least effective method of controlling a hazard. PPE should only be used as the last line of defense and when other methods of control are not possible or effective.e.g. PPE includes clothing, gloves, and other items that protect the body from exposure to a hazard.INJURY CONTROL MEASURESIntroduction Governance Planet People Process FinanceA LAYERED APPROACH TO WORKPLACE SAFETY
Navigator 5.073HEALTH AND DIGNITYHealth and dignity are fundamental rights that Urmi Group actively upholds through the HALOW+ project, in collaboration with M&S, CARE Bangladesh, GlaxoSmithKline, and Sheba Nari O Shishu Kallayan Kendro. This initiative strengthens worker well-being by improving access to essential health services and raising awareness on critical issues such as sexual health, nutrition, physical activity, and menstrual hygiene.A key outcome of HALOW+ is the increasing distribution of sanitary napkins to female workers—rising from 110,772 in 2022 to 181,310 in 2024. This growth reflects enhanced awareness, reduced stigma, and a safe, supportive environment for women in the workplace. By prioritizing the health needs of female workers, Urmi Group not only empowers individuals but also fosters lasting positive change in families and surrounding communities.HALOW+Urmi Group’s Halow+ initiative ensures easy access to sanitary napkins on every factory floor, empowering our female workers with dignity, comfort, and improved hygiene—fostering a more inclusive and healthier workplace for all. Dignity in Every StepFree Sanitary NapkinUrmi Group places employee well-being at the forefront, with a dedicated physiotherapy center at FTML supporting workers with posture-related issues, muscle strain, and repetitive stress injuries. Service usage has steadily increased—from 368 employees in 2022 to 477 in 2023, and 481 in 2024—highlighting growing awareness of preventive care. Staffed by a full-time physiotherapist and supported by 5 doctors, 6 nurses, and 6 medical assistants, this initiative reflects Urmi’s ongoing commitment to a healthy, resilient workforce.7,000+ Womenreceived free sanitary napkin181,310 pcsfree sanitary napkin provided PHYSIOTHERAPY SUPPORTHealing with CareIntroduction Governance Planet People Process FinanceWELL-BEINGHEALTH AND GOOD
Navigator 5.074INSTANT EMERGENCY FIRST AIDWe prioritize swift response and proactive care across all operations. Every production floor is equipped with a First Aid Box and an Emergency Button, forming a simple yet highly effective safety system. Once pressed, the alarm instantly alerts trained first aiders, who immediately arrive on-site to deliver primary medical assistance. This rapid response mechanism ensures no call for help goes unheard or unattended. Beyond its practicality, the initiative has been recognized as a best practice in workplace safety. It demonstrates Urmi Group’s unwavering commitment to protecting health, ensuring safety, and fostering well-being for every employee at all times.
Navigator 5.075Medical CenterDemonstrating its strong commitment to employee well-being, Urmi Group has significantly enhanced workplace health and safety standards across its garment operations. From 2022 to 2024, the number of First Aid boxes increased 17.7% in on-site emergency preparedness.FTML achieved 7.69% rise in safety equipment, while UHM and AMCOL maintained consistent coverage, reflecting stable safety readiness. Beyond First Aid infrastructure, Urmi Group ensures all garment employees have access to trained health staff, regular safety drills, and on-site medical care. These initiatives form part of a comprehensive Occupational Health and Safety (OHS) program aligned with the Bangladesh Labor Act, ILO conventions, and global compliance standards.By integrating health services, emergency care, and safety training, Urmi Group continues to provide a secure and supportive working environment for its workforce.TRACKING SAFETY IMPROVEMENT
Navigator 5.076Excellence in Fire Safety is upheld at Urmi Group through rigorous fire drills, certified firefighting systems, worker training, and fire-resistant infrastructure. We strictly follow national and global standards, including BNBC, NFPA, and RSC, to ensure a safe, compliant, and resilient workplace across all our operations.Fakhruddin Textile Mills Ltd. earns RSC recognition for 100% remediation—excellence in fire, electrical, and structural safety.EXCELLENCE IN SAFETY ACHIEVEDFIRE SAFETY STARTS WITH READINESSFire Safety Team of UGLEmergency preparedness training Fire Safety Team of FTML
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Navigator 5.078Efficiency, quality, and innovation define our process sustainability. At Urmi, we invest in technology and people to deliver excellence at every step of production.Process sustainability is anchored in operational excellence, product quality, and the intelligent use of technology. Across our production stages—knitting, dyeing, cutting, embroidery, printing, sewing, and finishing—we integrate efficiency, traceability, and continuous improvement.Aligned with the GRI 2021 Standards, our initiatives address key material aspects including Product Quality and Safety, Customer Satisfaction, Innovation, and Operational Efficiency. A strong Quality Management System (QMS), adherence to AQL 1.5, and engagement in Quality Control Circles ensure precision and consistency throughout the value chain.Automation and digitization are reshaping our processes. Systems like the Parcel Management System (PMS), Vehicle Requisition System (VRS), and RFID-based tracking are enhancing transparency, reducing lead times, and improving resource management. These efforts reflect our commitment to delivering responsible manufacturing while building a smart, agile, and sustainable production ecosystem.NEELAKA FERNANDOCOO
Navigator 5.079PROCESS
Navigator 5.080PROCESS & CAPACITYKnitting35 ton/dayDyeing33.5 ton/dayPrinting180 k/dayEmbroidery40 k/monthApparel290 k/daySeamless14 k/dayEmbroideryPrintingCuttingDyeingKnittingShipmentPackingSewingPROCESS FLOWCHART
Navigator 5.081SUSTAINABLE MATERIALUrmi Group’s material strategy emphasizes sustainable sourcing, circularity, and resource efficiency. In 2024, 61% of its 13,000-ton material use came from sustainable origins, including 5,400 tons of BCI cotton, 1,297 tons of recycled cotton, 861 tons of recycled polyester, 765 tons of organic cotton, and 262 tons of sustainable MMCF. By prioritizing eco-friendly and circular fibers, the Group reduced its environmental footprint, advancing SDG 12 (Responsible Consumption and Production) and SDG 13 (Climate Action) while integrating sustainability into core operations.Material MixBCI Cotton5400 TonsSustainable MMCF262 TonsRecycled Cotton1297 TonsRecycled Polyester861 TonsOrganic Cotton765 Tons39%Others39%BCI Cotton2%Sustainable MMCF9%Recycled Cotton 6%Recycled Polyester5%Organic Cotton
Navigator 5.082Urmi Group drives innovation in textile and apparel by integrating advanced technologies to boost efficiency, productivity, and sustainability. Leveraging IIoT, RFID, automation, and smart systems, operations are streamlined, waste minimized, and quality enhanced—all while fostering an inclusive workplace culture.Automated Lab SystemsZero-waste sample dyeing with robotic precisionRFID Roll TrackingAutomated yarn and gray roll tracking, faster audits, less idle timeSrwVision- Smart Shop Floor MgmtReal-time QC & production visibilityERP-Integrated Dyeing ControlInstant issue detection & efficient planningSmart Measuring SystemAccurate, real-time measurement, fewer errorsFinishing QC SystemInstant defect logging, higher quality complianceIIoT Sewing Motion AnalysisReal-time data drives productivity & process standardizationQC Mobile AppsOn-the-spot quality checks, immediate reportingAndon SignboardReal-time breakdown alerts, faster maintenanceSurplus Materiel Management Manages surplus materials and sales with transparent, accountable approvals.Kanban WorkflowSmooth material flow, reduced downtime & wasteSupermarket SignboardBatch info display for seamless material supply
Navigator 5.083IoT-based predictive maintenance uses real-time sensor data to monitor textile machinery, detect anomalies, and prevent breakdowns. This proactive approach reduces downtime, improves operational efficiency, and lowers maintenance costs. By enabling data-driven decisions, it enhances productivity, optimizes energy use, and ensures sustainable, uninterrupted manufacturing performance across operations.Robotic Process Automation (RPA) Robotic Process Automation (RPA) streamlines repetitive tasks like order entry and invoice generation, integrating seamlessly with ERP systems. It enhances data accuracy, boosts productivity and efficiency, and reduces operational costs through intelligent automation across business processes.Automatic Dosing System Color Service, a global leader in automatic dosing systems for liquid auxiliaries in dyeing, uses multi-line dispensing with air-blow technology to ensure precise delivery. Integrated with ERP, it enables automated dosing, improves accuracy and traceability, and reduces water and energy consumption for sustainable operations.Cybersecurity: Urmi Group ensures cybersecurity through a layered defense combining firewalls, secured network infrastructure, endpoint protection, and centralized identity management — all implemented with reputed global brands.. This approach safeguards data, ensures business continuity, and defends against evolving threats.IIOT- BASED PREDICTIVE MAINTENANCE
Navigator 5.084Quality is a mindset—engineered into every process, not just measured at the end. Guided by the globally recognized ISO 9001:2015 standard, our Quality Management System (QMS) drives operational clarity, risk awareness, and continuous improvement across all departments. From incoming materials to final inspection, a risk-based and data-driven approach ensures every product meets stringent compliance standards. AQL sampling, based on ANSI/ASQ Z1.4-2008, supports efficient, consistent, and objective quality control. Training is systematic and ongoing. Each quarter, department-specific sessions reinforce SOPs, defect classification, product safety, and mock-up procedures. Post-training evaluations identify further training needs to ensure skill retention and improvement.Quality Management SystemCost is moreimportant thanquality but qualityis the best way toreduce cost.GENICHI TAGUCHIOur structured approach has significantly enhanced system reliability, promoted ownership among employees, and strengthened product consistency. As a result of our strong product quality performance, several global buyers—including PUMA, Decathlon, M&S, GU and Auchan—have entrusted us with self-inspection privileges, recognizing our reliability and standards.Supporting this excellence is our ISO 17025:2017 certified lab, ensuring accurate, internationally accepted testing and calibration.ISO9001:2015Certified QMS1.5AQLInspectionISO17025:2017Accredited LABSelf InspectionUrmi Testing Laboratory proudly renews its ISO/IEC 17025:2017 accreditation from BAB, reinforcing our commitment to quality, reliability, and excellence in textile testing.Key HighlightsIntroduction Governance Planet People Process Finance
Navigator 5.085Shahnaz Akter Sana began her journey with Urmi Group on January 2023, as a Senior Executive in the Quality Management System (QMS) department. Her proactive approach and innovative mindset quickly set her apart. In 2023, she received her first ABCD Award for going be-yond her regular duties by optimizing the calibration process of heat seal and fusing machines, which significantly reduced thermal paper consumption.Continuing her pursuit of excellence, Shahnaz earned the prestigious ABCD Award again in 2024 by introducing the reuse of needles from idle machines showcasing her focus on sustainability and cost-efficiency. Her contributions led to a well-deserved promotion to Assistant Manager in the same year.Currently, she leads the Training & Development function within QMS while successfully managing the department’s core activities. Her journey is a reflection of Urmi Group’s commitment to building capable, forward-thinking professionals who lead with purpose.Urmi’s inclusive, supportive, and women-friendly workplace culture has played a crucial role in her professional growth. Shahnaz’s story stands as a shining example of how an enabling environment combined with individual dedication can foster innovation, leadership, and sustainability making her a true asset to Urmi Group’s QMS success.THE JOURNEY OF WOMEN IN QUALITYSHAHNAZ AKTER SANAASST MANAGER -QUALITY
Navigator 5.086Urmi Group began developing Quality Control Circles (QCCs) in 2016 to foster innovation and efficiency. At the 27th National Annual Quality Convention 2024, they won 11 Gold and 3 Silver awards. Previously, in 2018, Urmi achieved Gold, Silver, and Best Project awards at ICQCC Singapore, showcasing global quality leadership.Process Hunting, a QCC team at Urmi Group’s Label Print department, tackled persistent customer complaints caused by urgent orders, large shipments, and poor quality checks. By prioritizing production, improving follow-ups, and enforcing proper approvals, they streamlined operations and saved an average of 19,004 Taka monthly, demonstrating how effective teamwork and smart solutions reduce errors.The Green Dream QCC team tackled dirty spots causing high DHU and inspection failures by analyzing six months of data. They identified poor storage, unclean equipment, and handling issues. Implementing SOPs, better monitoring, and a 10-piece ironing bundle system reduced chemical wastage from BDT 55,608 to 37,892 monthly, saving BDT 15,716 and improving quality and buyer satisfaction.Green DreamReducing Dirty Spots in GarmentsProcess HuntingCutting Customer Claims11Gold03Silver14TeamParticipated nationally award wonaward wonMultiple international awards, including Best ProjectQUALITY CONTROL CIRCLES
Navigator 5.087Driving Quality Through Practical Innovation- Tahazzat Hossain Leincon from the OPEX department spotted a recurring issue—dirty oil splashing from four uncovered chain points was staining fabrics and rollers, causing quality concerns. Determined to resolve it, he proposed a simple yet effective solution: installing PVC covers over the chains. This quick fix led to a significant drop in oil spots and a clear boost in fabric quality. His initiative not only improved product standards but also enhanced overall efficiency. For his keen observation and practical approach, Tahazzat received the Kaizen Platinum Award, proving how thoughtful solutions can drive lasting impact in everyday operations.KAIZEN AWARD2024As part of Urmi Group’s ongoing commitment to operational excellence and employee-driven innovation, the Kaizen Award was presented to Nurul Islam from the Dyeing section for his impactful process improvement. Nurul identified an opportunity to optimize the Standard Operating Procedure (SOP) for dyeing 100% cotton fabric in white color. By carefully refining the method, he successfully reduced the processing time from 4 hours and 25 minutes to just 3 hours and 20 minutes, without compromising on fabric quality.This initiative resulted in significant time savings and a noticeable increase in production efficiency, reinforcing Urmi Group’s culture of continuous improvement. Recognizing such contributions empowers employees to innovate and strengthens our pursuit of excellence across all functions.INNOVATION IN MOTION A CLEAN TURNAROUNDDRIVING EFFICIENCY IN DYEING OPERATIONSNURUL ISLAM
Navigator 5.088Sustainability and financial performance go hand in hand. Our financial decisions are rooted in transparency, resilience, and longterm value creation.Financial sustainability is foundational to delivering long-term value for all stakeholders. Urmi Group ensures sound financial governance, transparent reporting, and responsible investment practices that align with its sustainability vision. In accordance with GRI 2021 Standards, we report on key material topics such as Economic Performance (GRI 201), Procurement Practices (GRI 204),Anticorruption (GRI 205) and Tax (GRI 207). Our financial strategy supports operational efficiency, ethical supplier relations, and sustainable sourcing decisions that strengthen economic resilience.Integrated budgeting, cost optimization, and risk management frameworks enable us to balance profitability with purpose. We invest in technology, employee well-being, and environmental initiatives while maintaining fiscal discipline and regulatory compliance. Our financial systems are designed to support ESG priorities and foster inclusive growth, contributing to SDG 8 (Decent Work & Economic Growth) and SDG 12 (Responsible Consumption and Production).MAINUL HASAN Chief Financial Officer
Navigator 5.089FINANCE
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Navigator 5.091Economic performance remains a key pillar of Urmi Group’s sustainability strategy, driving value creation and enabling investments in people, planet, and innovation. In FY 2023–2024, despite global economic uncertainties, rising costs, and currency fluctuations, Urmi Group demonstrated financial resilience through responsible business practices and inclusive growth.The Group generated USD 181.77 million (BDT 21.45 billion) in direct economic value, marking a 0.89% increase from the previous year. However, retained economic value declined by 40.36% in BDT, from BDT 974.75 million to BDT 581.36 million, due to reinvestments and cost pressures.Total economic value distributed reached USD 176.85 million (BDT 20.87 billion), with wages and benefits rising 27.22% to BDT 4.16 billion & 13.20% to USD 35.25 million, reflecting a commitment to fair pay and workforce welfare. Payments to the government increased 4% to BDT 244 million (USD 2.07 million), underscoring tax compliance and national contribution. Operating costs decreased by 3.36% through improved resource efficiency and renewable energy use.Guided by a long-term vision, Urmi Group continues to prioritise sustainable, inclusive growth while supporting national priorities and operational strength.Urmi Group invested 2.36 million USD from the Technology Development Fund (TDF) to support sustainable business growth. The funds were used to purchase energy-efficient machinery, including high-capacity stenters, seamless knitting machines, dyeing machines, and forklifts, enhancing efficiency and reducing environmental impact.FINANCIALSUSTAINABILITYECONOMICPERFORMANCEOur sustainability is rooted in a proven financial resilience that allows us to invest in long-term growth, irrespective of market cycles. While many businesses are defined by their peaks, we are defined by our foundation—a foundation that ensures operational continuity, stakeholder trust, and consistent social impact.This was never more evident than during the global pandemic. While others shuttered, we did not merely survive; we maintained full operational integrity. We fulfilled every client obligation without delay, ensured 100% on-time payroll for our employees, and met all financial commitments without exception. This wasn’t luck; it was the direct result of our disciplined financial management and robust operational framework.It is this very stability that allows us to look beyond the bottom line and integrate impactful Corporate Social Responsibility into our core operations. Our financial health enables a lasting commitment to society, making our success and our social contributions mutually reinforcingThis resilience is powered by three core pillars that drive our sustainable success: Exceptional Client Retention & Trust: Our ability to retain a portfolio of globally renowned, repeat clients is the ultimate testament to our quality and reliability. These long-term partnerships provide a stable revenue base and validate our value proposition beyond seasonal fluctuations.Operational Excellence & Efficiency: We maintain peak operational capacity through a constant focus on process improvement and a strong, expertmerchandising team. This relentless pursuit of efficiency protects our margins and ensures we can deliver consistently, even in challenging environments.Strategic Financial Stewardship: Our strong financial foundation, characterized by a flawless track record of meeting all obligations, is not an end in itself. It is the platform that enables us to weather downturns, invest in future growth, and fulfill our broader responsibilities.
Navigator 5.092DRIVING CLIMATE ACTION THROUGH STRATEGIC INVESTMENTUrmi Group acknowledges climate change as a critical business challenge and is proactively investing in risk mitigation strategies. Key initiatives include:• Transition to renewable energy with a target of 8.18 MWp solar energy generation by 2027.• Implementation of energy efficiency projects such as waste heat recovery, BLDC fans, improved insulation, and reactive power compensation. We invested about 847431 USD.• Achieving ZDHC compliance, reflecting strong performance in sustainable chemical management and reduced environmental impact. A total of USD 9,860 was invested in ZDHC Gateway registration, CleanChain integration, Higg FEM assessments, and wastewater testing.• Climate-related risks are assessed during strategic planning, especially for energy sourcing, raw material availability, and compliance with international environmental standards.ECONOMIC OVERVIEW 2023-242.36million USDinvested in energy-efficient machinery from the TDF179.70million USDrevenue (Gross)181.77million USDdirect Economic Value Generated35.25million USDemployee Wages & Benefit0.11million USDcommunity investment176.85million USDdirect economic value distributed0.847million USDinvested in energy efficiency up-grades132.93million USDoperating Cost2.07million USDpayments to Govt.2.07million USDrevenue (Other income)6.59million USDpayments to capital providers4.93 million USDdirect economic value retained
Navigator 5.093FAIR TAXATION FOR A SUSTAINABLE FUTURETax Governance, Control, and Risk ManagementUrmi Group ensures full tax compliance through timely filing of corporate tax returns, accurate deduction and remittance of TDS (Tax Deducted at Source) and VDS (VAT Deducted at Source), and regular submission of monthly VAT returns (Mushak 6.6). The company undergoes statutory audits and periodic reviews by the National Board of Revenue (NBR) to maintain transparency and regulatory adherence. In addition, ongoing tax training is provided to finance teams to strengthen internal capabilities. Tax compliance risks are reviewed annually as part of internal audits and are reported to senior management when necessary to ensure continuous oversight and accountability.Urmi Group adopts a transparent, compliant, and ethical tax approach aligned with national laws and global standards. Tax governance is embedded in our financial controls, with regular audits, timely filings, and ongoing training. Through responsible taxation, we contribute to Bangladesh’s socio-economic development and uphold corporate accountability.Our tax practices are governed by:• The Bangladesh Income Tax Ordinance, 1984• VAT & Supplementary Duty Act, 2012• Global standards for tax transparency and ethical accountabilityTrend Analysis2021–2022Urmi Group contributed a total of USD 2.48 million, made up the largest portion, supported by salary TDS, supplier TDS, and VDS. This year set a strong foundation of fiscal compliance and transparency in operations.Tax Status 2021-22 to 2023-24 (USD)Year Supplier TDSSupplier VDS Salary TDS CompanyTAXTotal TDS & VDS2021-22 520976 398079 335894 1220106 24750552022-23 427823 291900 409182 2332422 34613272023-24 522295 247075 368380 2066895 32046452023–2024Contributed USD 3.20 million (BDT 378.15 million), a modest 4% increase from 2022–2023 The overall upward trend reflects continued growth and consistent commitment to fiscal responsibility.2022–2023Contributions surged to USD 3.46 million (BDT 363.44 million), reflecting 69.5% growth from the previous year. The rise was driven mainly by higher company tax and stable supplier contributions.
Navigator 5.094Stakeholder Engagement and Management of Tax ConcernsUrmi Group engages regularly with:• NBR, external auditors, and tax consultants• Industry associations such as BGMEARecognition and AwardsUrmi Group’s commitment to tax transparency and compliance has been consistently recognized by the National Board of Revenue (NBR), reflecting our responsible corporate conduct within the Spinning and Textile sector.We support the transition to digital tax systems and maintain a transparent tax posture. No formal complaints or disputes were recorded in the reporting period.Advancing a Sustainable Tax StrategyUrmi Group remains committed to enhancing its tax strategy by advancing digital compliance and automation, up-skilling finance teams to stay aligned with evolving tax regulations, and actively participating in industry-level tax policy dialogues. The Group also strives to align its practices with international reporting standards, including OECD guidelines and GRI 207. This transparent and responsible approach reinforces our commitment to inclusive development and long-term sustainability. By fulfilling our fiscal obligations—reflected in a total tax payment of USD 2,072,473.27 and a 29.48% increase in tax contributions from 2021 to 2022—we contribute to mitigating negative externalities and supporting a fairer, more resilient economy.Spinning and Textile sector:• 6th Highest Taxpayer – FY 2017–2018• 5th Highest Taxpayer – FY 2019–2020• 7th Highest Taxpayer – FY 2022–2023Introduction Governance Planet People Process Finance1,168,561.41 2241524.39 2072473.2682021-2022 2022-2023 2023-2024TAX STATUS (USD)
Navigator 5.095$2.07Million total tax paid (FY 2023–24)43%Increase in tax paid vs. FY 2021–2222%increased in TDS & VDS from 2020-214%Recovery in FY 2023–24 from prior year3Fiscal years ranked as Top 10 taxpayer (2017–18, 2019–20, 2022–23)$1.24 Million highest TDS & VDS paid in FY 2021–22Urmi Group’s tax strategy focuses on transparency, regulatory compliance, and alignment with international best practices. Integrated within our sustainability framework, we conduct regular audits, tax risk assessments, and continuous finance team training. We actively engage with the National Board of Revenue, industry associations, and external auditors, support tax system digitalization, and contribute to shaping a fair and future-ready tax landscape.TAX HIGHLIGHTS 2023-24
Navigator 5.096Urmi Group enforces a zero-tolerance stance on corruption through clear policies, UNGC compliance, staff training, and continuous enhancement of internal controls and accountability.Anti-corruption is a key commitment at Urmi Group, where we strictly prohibit bribery, fraud, and conflicts of interest through robust policies. Aligned with UN Global Compact Principle 10, we deliver regular training to employees and management to foster ethical behavior. Demonstrating our dedication to integrity, our Director served as Chief Judge in the national “Corruption Through My Eyes” contest, engaging university students and promoting good governance. This initiative reinforces our focus on ethical leadership and raising awareness about corruption among youth in Bangladesh.Anti corruption and collective action initiatives 78Employees trained on Anti-Corruption Collective Action Playbook Workshop UNGC workshops on the ACCA Playbook boosted ethics and anti- 6 corruption awareness.0 Confirmed casesof corruptionANTI-CORRUPTIONCOMMITMENT TO INTEGRITY FIRSTAnti-Corruption Commitment policyUrmi Group upholds zero tolerance for corruption and is firmly committed to full transparency in all operations, processes, and business activities. Every employee, partner, and stakeholder must act with the highest level of integrity, honesty, and professionalism, ensuring compliance with all applicable anti-corruption laws, rules, and regulations. Any violation, whether direct or indirect, intentional or unintentional, will result in strict disciplinary measures and appropriate legal action, reflecting Urmi Group’s dedication to ethical practices and accountable governance.