Walton CEO Golam Murshed Departs to Launch Family-Run Furniture Business

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Golam Murshed, the former Chief Executive Officer and Managing Director of Walton Hi-Tech Industries, recently left the company to pursue his family-run furniture venture, Majesto Limited. This move signifies a new chapter in his career and an exciting development in the world of furniture manufacturing and innovation.

In an exclusive interview with The Business Standard, Mr. Murshed shared his vision for Majesto Limited, emphasizing his commitment to building an international furniture brand known for innovative, high-quality, and sustainable products. Here, we’ll delve into the details of his departure and his ambitious plans for the future.

Walton CEO Golam Murshed Departs to Launch Family-Run Furniture Business

Golam Murshed Transition to Majesto Limited

Golam Murshed’s tenure as the top executive at Walton officially concluded on October 8th, and he expressed his desire not to extend it any further. With a passion for furniture and a vision for creating a globally recognized brand, he embraced his new role as the Managing Director of Majesto Limited. His primary goal is to establish Majesto as a leading name in the furniture industry by offering innovative and sustainable products.

The Path Forward for Majesto Limited

Majesto Limited is making significant strides in establishing itself as a prominent player in the furniture manufacturing sector. The company is in the process of constructing a state-of-the-art furniture factory on a sprawling 20-acre plot in Narayanganj, with plans to initiate commercial operations within a year. This move is a testament to Murshed’s dedication to the furniture business and his commitment to producing top-notch, sustainable products.

Succession at Walton Hi-Tech Industries

Following Golam Murshed’s departure, the Walton Hi-Tech Industries board is set to convene to discuss the future of the managing directorship. According to reliable sources, SM Mahbubul Alam, one of the founding directors of Walton Hi-Tech, is poised to assume the role of the new Managing Director.

A Brief Overview of Golam Murshed’s Journey

Golam Murshed‘s professional journey is a remarkable one. He started as the production in-charge at the Walton factory in 2010 and steadily climbed the corporate ladder, culminating in his appointment as the Chief Executive Officer in 2020. During his tenure, he spearheaded various initiatives at the homegrown electronic appliance giant, including endeavors to expand its global presence and embrace sustainability.

Walton Hi-Tech Industries: A Legacy of Innovation

Walton Hi-Tech Industries, which initially began as an electronics importer in the 2000s, later ventured into refrigerator manufacturing, dominating over two-thirds of the local refrigerator market. The company also made significant strides in the television, air-conditioner, electrical products, and kitchen appliances markets. In addition, Walton emerged as a pioneer in compressor manufacturing in Bangladesh and ambitiously aimed to become one of the top five electronics brands worldwide by 2030.

An Expanding Global Presence

Notably, Walton products are now exported worldwide, and the company has established itself as a trusted original equipment manufacturing partner for numerous global brands. Despite the challenges posed by the macroeconomic environment, Walton Hi-Tech Industries remains a prominent player in the electronics industry.

Golam Murshed’s journey from a young engineer to a visionary business leader has left an indelible mark on the industry. His story serves as an inspiration for many, demonstrating the possibilities of rapid professional growth and success.

Little-Known Facts About Golam Murshed

  1. Early Life: Golam Murshed was born into a prominent family in Chapainawabganj, Bangladesh, on November 25, 1989. His upbringing emphasized freedom and responsibility, instilling in him a strong sense of ethics.
  2. Educational Excellence: As a bright student, Murshed achieved exceptional academic results, earning a Bachelor’s degree in Mechanical Engineering from the Islamic University of Technology (IUT) in 2010.
  3. Family Values: Murshed is married to Tahmina Afrose Tanna, a director at Walton Hi-Tech Industries. They prioritize spending quality time together despite their busy schedules, emphasizing the importance of family bonds.
  4. Diverse Interests: Murshed’s interests extend beyond business. He is proficient in sports like cricket and football, excelling in table tennis and badminton. He has traveled to over 27 countries, loves photography, and is an avid reader.
  5. A Unique Path: While many admire his success, Golam Murshed encourages individuals to follow their own unique paths. He believes that hard work, smart decision-making, and a commitment to the betterment of one’s country and its people are the keys to success.

As he embarks on his journey with Majesto Limited, Golam Murshed continues to contribute to the development of Bangladesh’s electronics, technology, research, and innovation sectors, creating opportunities for the younger generation. His unwavering dedication to innovation and his commitment to the betterment of his nation make him a true role model for aspiring entrepreneurs and business leaders.

Frequently Asked Questions of Golam Murshed

1. Who is Golam Murshed and why did he leave Walton Hi-Tech Industries?

  • Golam Murshed is the former CEO and Managing Director of Walton Hi-Tech Industries. He left Walton to pursue his family-run furniture business venture, Majesto Limited, with the goal of building an international furniture brand that offers innovative and sustainable products.

2. What is Majesto Limited, and what are its plans for the future?

  • Majesto Limited is Golam Murshed’s family-run furniture business. They are in the process of constructing a modern furniture factory on a 20-acre plot in Narayanganj and aim to commence commercial operations within a year. Their focus is on producing innovative and high-quality furniture with an emphasis on sustainability.

3. Who will be the new Managing Director at Walton Hi-Tech Industries after Golam Murshed’s departure?

  • According to sources, SM Mahbubul Alam, one of the founding directors of Walton Hi-Tech, is expected to take over as the new Managing Director at the company.

4. How did Golam Murshed rise through the ranks at Walton Hi-Tech Industries?

  • Golam Murshed’s career at Walton started in 2010 when he joined as a production in-charge. Over the years, he steadily climbed the corporate ladder and became the Chief Executive Officer in 2020, leading various projects and initiatives for the company.

5. What are the key achievements of Walton Hi-Tech Industries under Golam Murshed’s leadership?

  • Under Golam Murshed’s leadership, Walton Hi-Tech Industries expanded into various markets, including refrigerator manufacturing, and aimed to become one of the top five electronics brands globally by 2030. They also ventured into compressor manufacturing and established themselves as a trusted original equipment manufacturing partner for global brands.

6. What are some little-known facts about Golam Murshed’s background and interests?

  • Golam Murshed was born in Chapainawabganj, Bangladesh, and excelled in academics from an early age. He is a sports enthusiast, has a passion for travel, photography, and reading, and encourages individuals to follow their unique paths rather than imitating others.

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