The history of Quasem Group dates back to 1950, when the organization started its first business with the establishment of a trading house. It started its business in raw jute baling and exporting but within a very short time the company diversified its business activities to include trading coal, cement, food grains and similar such items. Success came quickly and by the mid 60's the company became one of largest exporters of jute and jute goods in what was then East Pakistan, now Bangladesh. The vision and business acumen of the founder of Quasem Group, Mr. Abul Quasem, was the main inspiration behind the further business diversification of the company.