National Tea Company Ltd. has been formed in the year 1978 under the Companies Act , 1913 , as a Public Limited Company. It is a Joint venture of the Government and the General Public. Thus it occupies a unique position of being the first in the field of joint ownership of Public and Private interest in Tea sector. (Government and its financial organization holds 51% of shares and rest 49% by the General Public)The Company started with 9(nine) “A”-class tea estates all of which are situated in the Sylhet division. The tea estates are: Patrakhola, Kurmah, Champarai, Madanmohanpur, Madabpur, Jagadishpur, Teliapara, Chundeecherra and Lackatoorah. After the war of Liberation, ownership of these estates was vested in the Government and their management and the operation were entrusted to erstwhile Bangladesh Tea Industry Management Committee, by the Chairman of Tea Board being ex-officio Chairman of that Committee.
In pursuance of the government decision 3(three) other Tea Estates namely: Parkul, Premnagar & Bejoya were taken over by the Company in the month of September 1982.
NTCL is a listed Company since 1978 and its shares are being traded at both Dhaka and Chittagong Stock Exchanges.
Nature of Business
The NTCL carries on the business of plantation, cultivation, manufacturing and selling of tea and rubber. Company’s annual average production is about 5.20 million kg. Major portion of tea are being sold through Chittagong Auction Market. In the year 2000 NTCL started Local Marketing of tea in a small scale through its dealers. NTCL has a Sales Center in its Registered Office, which is open for all the interested consumers.
There are about 12,500 permanent labours in the Company’s 12(twelve) Tea Estates. Most of them are from ethnic group. They are staying in the gardens with their dependents.
Company has to provide food-grain at a subsidised rate of Tk.1.30/kg and free medical facilities for the labours and their dependents. Company provides free housing facilities to the labourers along with pure drinking water and modern sanitation etc. Company also provides free primary education for their children.
National Tea Company Ltd.,