Profile of Partners & Directors

Professional Summary

Founding partner of the firm and specializing in Audit and Assurance, Company Secretarial matters; and Taxation and Advisory services. Has been in public practice for more than 43 years and is currently the Managing Partner of the Firm. Prior to his present position, he worked as:

• General Manager & Company Secretary, Chowdhury Group of Industries (December 1969-June 1979).
• General Manager (Finance and Commercial), Desh Group of Companies (July 1979-June 1981).

Professional Involvement

• Vice President, ICAB (2004)
• Council Member, ICAB (2004-2006)
• Executive Secretary, South Asian Federation of Accountants (SAFA 2009)

Corporate Involvement

• Member, Board of Directors of Dhaka WASA (2004-2006).
• Director, Desh Garments Ltd.
• Director, Commerce Bank Securities and Investment Ltd. (2014-15).
• Director, SERWTCI under BSCIC.

Professional Summary

Specializes in Audit & Assurance, Forensic Audit, Company Secretarial matters and responsible for the Firm's oversight of client and market related strategies and initiatives.

Past Professional Experience

• Finance Director & Company Secretary, Coats Bangladesh Ltd. & Coats Crafts Bangladesh Ltd. (1997-2010).
• Production Finance Manager, British American Tobacco Co. Bangladesh Ltd. (1988-1997).
• Deputy Chief Accountant, Bangladesh Chemical Industries Corporation (1987-1988).

Professional Involvement

• President, Institute of Chartered Accountants of Bangladesh (ICAB) in 2009.
• Vice President, ICAB (two terms, 2003 and 2004).
• Board Member, Confederation of Asia Pacific Accountants (CAPA) (2019-23).
• Board Member, South Asian Federation of Accountants (SAFA) (2009).
• General Secretary, Dhaka University Accounting Alumni (2003-2005).
• Council Member (Central Council), ICAB since 2001.

Corporate Involvement

• Director (Government nominated), Bangladesh Commerce Bank Ltd. (2008-2010).
• Director, Dhaka Stock Exchange Ltd. (2009-2010).
• Member, Consultative Committee of BSEC (2009).
• Director, Bangladesh Telecommunication Co. Ltd. (formerly T&T Board), 2009.
• Director, Bangladesh Institute of Capital Market (2009).
• Member, Board of Governors, Bangladesh National Academy for Planning & Development (2009).
• Independent Director, LEADS Corporation Ltd. (2014-2016).
• Independent Director, Bangladesh Submarine Cable Co. Ltd. (2014-2020).
• Independent Director, Color City Ltd. (2014-2020).
• Independent Director, Popular Pharmaceuticals Co. Ltd. (2016-2019).
• Independent Director, Shahjalal Islami Bank Ltd. (Since 2020).
• Independent Director, Robi Axiata Ltd. (Since 2022).
• Independent Director, Heidelberg Materials Bangladesh PLC. (Since 2024).

Professional Summary

Specialises in Audit and Taxation. Has been in public practice for more than 30 years.

Past Professional Experience

• Managing Partner, FAMES & R, Chartered Accountants from 2015 to 2019.
• Partner, Shahadat Rashid & Co., Chartered Accountants from 2008 to 2015.
• Proprietor, Shahadat Hossain & Co., Chartered Accountants from 1997 to 2008.
• Internal Audit Specialist, Apex Tannery Group from 1995 to 1997.
• Audit Manager, Rahman Rahman Huq, KPMG in Bangladesh from 1992 to 1995.

Professional Involvement

• President, Institute of Chartered Accountants of Bangladesh (2022).
• Council Member of the Institute of Chartered Accountants of Bangladesh from 2007.
• Member, Institute of Internal Auditors of Bangladesh.
• Vice President of ICAB for the years 2009 and 2011.
• Board Member, South Asian Federation of Accountants (SAFA-2020).
• Chairman, Technical and Research Committee of ICAB (2017).
• Former Member, Small and Medium Practice Committee of South Asian Federation of Accountants (SAFA).
• Former Member, Government and Public Sector Accounting Committee of SAFA.
• Director, Confederation of Asian and Pacifica Accountants (CAPA).

Corporate Involvement

• Independent Director of Bangladesh Industrial Finance Company Ltd., appointed by the High Court (2020-2021).
• Director, Rajshahi Water Supply & Sewerage Authority (WASA) (Since 2017).
• Independent Director, Agrani SME Financing Company Ltd. (2018-2020).
• Independent Director, Shasha Denims Ltd. (one of the publicly traded listed companies) (Since 2020).
• Director (Govt. Nominated), Agrani Bank Limited (2021 to 2023).
• Member, National Wages and Productivity Commission (NWPC) 2015.
• Director, Bangladesh Institute of Capital Market (2022).
• Director, Dhaka Bus Rapid Transit Company Ltd. (2022).
• Council Member, Financial Reporting Council (FRC-2021).
• Director, Bangladesh Professional Engineers Board (BPERB).

Professional Summary

• Mr. Talukder specializes in Audit & Assurance and Financial and Strategic planning. He is responsible for the Firm's oversight of client services. He is also the partner in charge of operations.
• Significant experience in audit & assurance, corporate Reporting, IAS/IFRSs, ISA, Tax Planning, Development of Accounting and Internal Control System, Income Tax Act, VAT, Companies Act, Bank Companies Act, Bangladesh Labor Law, Insurance Law, Securities and Exchange ordinance and Rules, Business Law, Strategic Business Planning, Project Costing & Risk Management.

Past Professional Experience

• Director, MABS & J Partners, Chartered Accountants (2011-2013).
• Senior Manager, MABS & J Partners, Chartered Accountants (2002-2010).
• Manager, MABS & J Partners, Chartered Accountants (2000-2002).

Corporate Involvement

• Director, Fu Wang Foods Ltd. (2000-2007).
• Director, Anan Chemical Industries Ltd (Appointed by Honorable High Court).

Professional Summary

In Bangladesh

• Chairman and Managing Director, Nuvista Pharma Ltd. {formerly, Organon (Bangladesh) Ltd.} (2000 - 2018).
• Managing Director, Eshna Consulting Team Ltd. (1998-2000).
• Finance Manager; General Manager Finance; Director (Gases); BOC Bangladesh Ltd. (now Linde Bangladesh Ltd.) 1987-1998.

In the UK

• Executive Director, Zylo Management Ltd. (1985-1986).
• Deputy General Manager, IPA Ltd. (1983-1984).
• Accountant (1980), Finance Director (1981-1982), SFO Clothing Ltd.
• Accountant, Easy Adam (UK) Ltd. (1979).
• Company Accountant, Butterfield- Harvey Ltd. (1978).
• Articled Clerk (1972-1976), Audit Senior (1977) Rowland Neville & Co. (Now Moores and Rowland) Chartered Accountants.

Representation on Professional, Business and Trade Bodies

• Former Member of the Council of ICAB.
• Former Member of the Council of ICSB.
• Former Vice President, Metropolitan Chamber of Commerce and Industry (MCCI).
• Former Member of the Executive Committee of Bangladesh Association of Pharmaceutical Industries (BAPI).

Corporate Association

• Nominated Director, Ispahani Tea Ltd.
• Former Independent Director, United Commercial Bank Ltd.
• Former Independent Director, UCB Stock Brokerage Ltd.
• Former Independent Director, UCB Fintech Ltd.
• Independent Director, Walton Hi-Tech Industries PLC.

Professional Summary

• Corporate and personal income tax planning and compliance.
• Corporate VAT planning and compliance.
• Company law and Secretarial Affairs.
• ERP (SAP) implementation.
• Business project management.

Work Experience

• Deputy General Manager (Finance & Accounts), and other positions, at Incepta Pharmaceuticals Limited (2005-2022).
• Manager (Operation) Mostafa Group and Bastu Shilpi Group (2003 - 2004).
• Internal Auditor and Manager (Operation) Fabian Group (1999 -2002).

Professional Summary

• 17 years of professional experience and working with MABS & J Partners since July 2010.
• Accomplished professional accountant with extensive audit and advisory experience spanning a diverse range of sectors. Proven expertise in auditing the Central Bank of Bangladesh (Bangladesh Bank) and working in various capacities across at least 25 state-owned and commercial banks and NBFIs in Bangladesh on behalf of MABS & J Partners. Demonstrated success in conducting audits for numerous publicly listed companies, private and manufacturing companies (both multinational and local), and providing comprehensive audit and advisory services, including facilitating foreign direct investment and establishing subsidiary, branch, and liaison offices for foreign companies in Bangladesh.
• A notable recent achievement in Mr. Chowdhury's career is his role as the Lead Engagement Partner for the 2023 audit of the Development Bank of Mongolia. This milestone underscores his proficiency in navigating diverse regulatory environments and cultural landscapes. Through this assignment, he adeptly managed challenges such as language barriers, differences in accounting practices, and cultural distinctions in business conduct.

Key Skills

Professional Involvement

• Member of Board of Studies of ICAB (2021 and 2023);
• Member of Technical and Research Committee of ICAB (2021 and 2023);
• Member of Taxation and Corporate Laws Committee of ICAB (2023).
• Faculty Member, the Institute of Chartered Accountants of Bangladesh;
• Resource Person, Pre-Articleship Training Course, ICAB

Professional Summary

• 33 years working experience in the Income Tax Department, starting from Assistant Commissioner of Taxes and retiring on 01-01-2021 as Member, National Board of Revenue (NBR).
• One and half years' working experience in Bangladesh Bank as Assistant Director before joining the income tax department.
• Actively participated in many national and international training programs, including training on IFRS in the UK; Property Taxation course in Malaysia; Financial Management training in Singapore; Govt. Accounts & Finance training in India; Tax & Crime-Tackling Illicit Financial Flows workshop in Turkey; G20 Global Leadership Program in South Korea; and tax related study tour at the IRS in USA.

Professional Involvement

• Chairman - Taxation Committee of ICMAB.
• Resource person of ICAB, ICMAB, Dhaka University, BCS (Tax) Academy, BCS (Admin) Academy, Planning Academy, Judicial Administration Training Institution (JATI), BIAM, FIMA, BPI, BPATC, RPATC, and IPDP.

Professional Summary

• More than 6 years of professional experience.
• Significant exposures to Taxation, Audit & Assurance, Forensic & Investigation Audit, Corporate Reporting, IAS, IFRS, ISA, Taxation Planning, Development of Accounting and Internal Control System, Company Secretarial Matters, Taxation (Direct and Indirect) Acts, Companies Act, Bank Companies Act, Bangladesh Labor Law, Insurance Law, Securities and Exchange Ordinance and Rules, Business Restructuring, Financial & Strategic Business Planning, Business Valuation, Business Costing and Budgeting, Financial Control & Risk Management.
• Directly involved in supervising and monitoring Audit and Advisory assignments of local and multinational companies, Government and Private Banks, NGOs, and NBFIs.
• Directly involved with providing business valuation services and outsourcing services to various local and multinational companies operating in Bangladesh.
• Significant experience in forming local and foreign companies and setting up Branch Offices and Liaison Offices of foreign companies.

Past Professional Experience

• Assistant General Manager (Finance & Accounts), Arif Group of Industries (2022-2023).
• Deputy Manager (Audit & Advisory), MABS & J Partners, Chartered Accountants (2021-2022).
• Assistant Manager (Audit & Advisory), MABS & J Partners, Chartered Accountants (2018-2021).
• Audit Associate, MABS & J Partners, Chartered Accountants (2015-2018).

Professional Involvement

• Member of Taxation and Corporate Laws Committee of ICAB (2023).
• Trainer on IASs, IFRSs, Taxation (Tax & VAT) at MABS & J Partners.