PRAN VII (IFC-51813)

Regions
  • South Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Bangladesh
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kaligonj, Narshindhi, Shahjadpur
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Mymensingh Agro Limited (MAL) and PRAN Dairy Limited (PDL) - PRAN Group
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 28, 2026

Disclosed by Bank Apr 21, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated in the project disclosure page, the proposed IFC investment consists of a loan up to US$35 million to support expansion of PRAN Group in Bangladesh. The PRAN Group is one of the leading branded food and beverage companies and the largest agro-processor in Bangladesh. The use of proceeds will be limited to two Group companies i.e. Mymensingh Agro Limited (MAL), for the expansion of its beverage manufacturing capacity within its existing facility at Kaligonj and PRAN Dairy Limited (PDL), to increase milk production and dairy based products and strengthening of its supply chain.

PDL as part of the Project, plans to install additional silos, machines, conveyor systems and finished goods store at their existing facility at Narshindhi and a new unit for manufacturing sliced cheese at their existing PRAN Dairy Complex (PDC) at Shahjadpur as well as strengthen their milk supply chain by establishing three new mother hubs (regional milk aggregation facilities) and 20 village milk collection centres (VMCCs) along with 13 additional collection points.

The loan will be guaranteed by IFC investee PRAN Group companies, such as MAL, PDL, HAL (Habiganj Agro Limited) and PAL (PRAN Agro Limited) as corporate guarantors.This would be IFC’s seventh investment in PRAN Group since 2009. Information on active investments is available at: https://disclosures.ifc.org/project-detail/ESRS/43681/mal-pran; https://disclosures.ifc.org/project-detail/ESRS/47376/habiganj-agro-limited. The E&S performance of PRAN Group’s projects in portfolio has been satisfactory.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated in the project disclosure page, IFC proposes to provide debt financing of an A Loan of US$35 million to PDL and MAL. The proposed A Loan has a tenor of 7 years with a 2-year grace period.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC: 

MAL started operations in 2010 and manufactures a wide range of beverages, including hot-filled drinks, carbonated soft drinks, mineral water, and fruit-flavoured drinks, along with candy, wafers, and bakery items; it also produces printing and packaging materials (for internal use and other PRAN entities).

PDL started operations in 2004, and its product portfolio includes dairy products (milk and milk derivatives), confectionary, bakery, carbonated soft drinks and juices.

The Project sponsors and shareholders of the Project companies consist of the children of the late PRAN Group founder Major General Amjad Khan Chowdhury, Mr. Ahsan Khan Chowdhury, and Ms. Uzma Chowdhury.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
PRAN Group Parent Company Agriculture and Forestry owns MYMENSINGH AGRO LIMITED Client Agriculture and Forestry
PRAN Group Parent Company Agriculture and Forestry owns Pran Dairy Limited Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Pran Dairy Limited:

Mr. Imtiaz Ahmad - Senior Manager, Corporate Finance
Phone: +880-176-969-6677
Email: bd33@prangroup.com
Address: PRAN RFL Center I 105, Middle Badda, Dhaka – 1212 , Bangladesh
Website: https://www.pranfoods.net/

General IFC Inquiries - IFC Communications:

Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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How it works