“Wealth creation should not be just for personal gain and pleasure; it should also be for the betterment of humanity.”
— Muhammad Aziz Khan

Introduction

Imagine an evening in 1998. The Sonadanga area of Khulna. A brand new power plant’s inauguration ceremony. The entire area is glittering with light. This power plant was Bangladesh’s first private independent power producer — Khulna Power Company Limited (KPCL). Standing at the inauguration ceremony is a resolute man. He is realizing that a new chapter has begun in the country’s energy sector.

His name is Muhammad Aziz Khan — Founder and Chairman of the ‘Summit Group’.

Why was this inauguration so important? In 1995, only 20% of Bangladesh’s population had access to electricity. Village after village remained in darkness. The dream of industrialization was elusive. At that time, the idea of private sector power generation was almost unthinkable — and highly risky.

But Aziz Khan took that risk.

From that day to the present, Summit Group has been supplying approximately 20% of Bangladesh’s total power generation. According to 2026 data, Summit Group operates 14 power plants with a total generation capacity of 2,070 megawatts — which is 18.05% of Bangladesh’s total private generation capacity.

Aziz Khan is not just a businessman; he is a pioneer of the country’s energy security. Starting with a chemical business in Chowk Bazar, Old Dhaka, he is now implementing power projects in joint ventures with world-renowned companies like General Electric (GE), Wärtsilä, Japan’s JERA, and Mitsubishi Corporation. In 2019, he sold a 22% stake in Summit Power International to JERA for $330 million.

Though a citizen of Singapore, he represents Bangladesh on its stock exchange. In Forbes Singapore’s 2025 list of the wealthiest individuals, he ranks 49th, with a net worth of $1.1 billion.

But questions arise: How did a chemical trader from Chowk Bazar become the country’s top energy entrepreneur? How did he get the opportunity to work with companies like GE, Wärtsilä, JERA, and Mitsubishi? And why did his name appear in the ‘Panama Papers’?

This biography tells the extraordinary story of that fascinating and visionary industrialist.

At a Glance — Life of Muhammad Aziz Khan

Information	Details	Thriller Note
Full Name	Muhammad Aziz Khan	‘Aziz’ means ‘powerful’ — he truly is an indomitable force in the energy sector
Birth	1955, Dhaka, Bangladesh	Not British Raj; son of a military officer in Pakistan-era Dhaka
Current Age	71 years (as of 2026)	Still active, regularly working on investments and partnerships
Father	Late — an army officer	Grew up under father’s care but forged his own path in business
Spouse	Anjuman Aziz Khan	Was a teacher; she is Aziz Khan’s inspiration; a trust runs in her name
Children	3 daughters (Ayesha Khan, Dr. Adeeba Aziz Khan, Aziza Aziz Khan)	All highly educated; eldest daughter Ayesha is MD & CEO of Summit Power International
Siblings	Lt. Col. (Retd.) Farooq Khan, Zafar Ummid Khan, Latif Khan, and Farid Khan	All family members active in business and politics
Education	Armanitola Government High School, Notre Dame College, IBA, University of Dhaka (MBA 1980)	Top-tier IBA student; business foundation laid here
Profession	Entrepreneur, Industrialist, Honorary Consul General of Finland (2016-2025)	Founder Chairman of Summit Group
First Business	In 1973, borrowed 30,000 taka from his father to start chemical business in Chowk Bazar, Old Dhaka	Courageous venture at age 18 — took the risk
First Power Project	Khulna Power Company Limited (1998, Bangladesh’s first private power plant)	Groundbreaking decision; partnership with Finland’s Wärtsilä
Summit Group’s Current Power Capacity	2,070 MW (14 plants)	18.05% of the country’s total private generation
LNG Terminal Capacity	500 million cubic feet/day (2nd FSRU)	A large portion of the country’s total imported gas
Fiber Optic Network	47,000+ km	More than half of the country’s internet supply
Mobile Towers	6,500+ towers (Summit Towers)	Acquired from Banglalink for $100 million in 2023
Citizenship	Singaporean of Bangladeshi origin	Permanent resident since 1988, recently obtained citizenship
Awards & Recognition	2015 Business Person of the Year, Forbes Asia list (2018, 2020, 2025), 2023 Singapore Public Service Medal	National and international recognition
Panama Papers Controversy	Name mentioned; question of ownership of six offshore companies	Investigation ongoing, not convicted
Current Net Worth	$1.1 billion (Forbes 2025)	49th richest person in Singapore

Early Life

Muhammad Aziz Khan was born in Dhaka in 1955. His father was an army officer. As the child of a military family, he learned discipline and patriotism from an early age. But contrary to his father’s military profession, Aziz Khan’s inclination was toward business.

Childhood turning point: After a friend’s father died, that friend was forced to take over the family’s import business. In 1973, at just 18 years old, Aziz Khan decided to help that friend. He asked his father for a loan of 30,000 taka — and with that, started a chemical business in Chowk Bazar and Urdu Road in Old Dhaka.

Background of the time: 1973 was a newly independent Bangladesh. ‘Bangladesh had just become independent and there were no entrepreneurs,’ Aziz Khan later recalled. The business environment was extremely challenging. The number of successful entrepreneurs was negligible, and there were no role models for young businessmen. It took immense courage for a young man to step into this adverse environment.

Aziz Khan attended Armanitola Government High School. He passed higher secondary from Notre Dame College. From childhood, he had a strong attraction to business. He built relationships with Old Dhaka’s big businessmen — Anwar Hossain (Anwar Group) and Din Mohammad (Phoenix Group).

Education

Aziz Khan’s educational life has two important chapters:

Level	Institution	Note
Secondary	Armanitola Government High School	Primary education
Higher Secondary	Notre Dame College, Dhaka	Was a member of BNCC
Bachelor’s & Master’s	IBA, University of Dhaka	MBA degree (1980)

While studying at IBA, he mastered business theory, marketing, finance, accounting, and various aspects of management. His business knowledge was further strengthened by the proximity of renowned teachers and researchers.

But his ‘practical education’ he acquired while buying and selling goods in Chowk Bazar and Urdu Road. Here, he first learned how to buy goods strategically, how to retain customers, how to make a business profitable with limited capital, and most importantly — how to earn ‘goodwill’.

The combination of his IBA degree and Chowk Bazar experience turned him into a successful businessman.

Struggles & Adversities

First Struggle (1973-1980) – Starting Small Business and Collecting Loans

Doing business with a loan from his father was quite risky. Renting a shop, earning the trust of suppliers and customers — all were difficult. During this time, he traded in chemical products. At the end of the month, profit was very small. But he did not give up.

He received his first bank loans from Pubali Bank and Rupali Bank. Getting loans from government banks as a private entrepreneur was extremely difficult at the time; but his prior reputation and perseverance paid off. He learned that if you earn a good reputation, borrowing money becomes easier.

Second Struggle (1980-1990) – Plastic Business and Arrival in Singapore

He transitioned from chemical business to plastic business. In 1988, he became a permanent resident of Singapore and bought his first home there. During this time, he understood an important opportunity — that one can invest in Bangladesh’s development even from outside the country.

Third Struggle (1990-1998) – Massive Investment in the Power Sector

In the 1990s, Bangladesh adopted a policy for private power generation. ‘All developing countries suffer from energy shortages,’ Aziz Khan thought — ‘It was very important to provide employment to millions of people in Bangladesh, and employment can only come through industrialization. We needed to transition from an agriculture-based society to an industrial one, and electricity was its basic requirement.’

Aziz Khan made the courageous decision to invest in this sector. But the path was thorny:

• Raising sufficient capital
• Acquiring advanced technology knowledge
• Securing government approvals
• Ensuring power purchase

He signed an agreement with Finland’s Wärtsilä to establish a 110 MW power plant in partnership. The project was implemented in just nine months.

In 1998, the country’s first private power plant was launched in Khulna. This was a turning point in Muhammad Aziz Khan’s life — where a trader with 30,000 taka became a pioneer of the country’s power sector.

‘Today, 100% of Bangladesh’s people have access to electricity — and Summit has been able to be a part of it, that is the greatest satisfaction,’ Aziz Khan says.

Fourth Struggle (2016–Present) – Panama Papers Scandal and Allegations of Corruption

In 2016, when Summit Group and Aziz Khan’s names appeared in the ‘Panama Papers’, it created a stir in Bangladesh. According to documents leaked by the International Consortium of Investigative Journalists (ICIJ), Aziz Khan, his wife Anjuman Aziz Khan, daughter Ayesha Khan, brother Zafar Ummid Khan, and nephew Faisal Karim Khan — operated six offshore companies.

The Anti-Corruption Commission (ACC) launched an investigation. Even when the 2025 Forbes list was published, the ACC investigation was ongoing. But Aziz Khan denies these allegations. His statement — they have no business in Panama.

After the fall of Sheikh Hasina’s government in August 2024, investigations resumed under the new interim government. However, Aziz Khan has claimed, “No case has been filed against us in Bangladesh yet. We are fully cooperating with the investigation and will prove our innocence.”

Love

Muhammad Aziz Khan married Anjuman Aziz Khan. She was not Aziz Khan’s teacher; rather, Aziz Khan taught Anjuman. From this acquaintance came love and marriage.

Anjuman Aziz Khan is a mental strength and inspiration in Aziz Khan’s life. The ‘Anjuman Aziz Charitable Trust’ runs in her name, which educates approximately 9,000 underprivileged children in Bangladesh.

Their three daughters:

Name	Position	Specialty
Ayesha Khan	MD & CEO, Summit Power International	Leading the power sector
Dr. Adeeba Aziz Khan	Fellow of Wolfson College, Cambridge University	Established in academia
Aziza Aziz Khan	Director, Summit Group	Assisting in group management

Aziz Khan says with pride: “I started my business by borrowing from my father. Today, I am proud that my daughters are walking that path.”

Keeping family bonds intact, Aziz Khan has established an ideal ‘model family’ in society.

Personal Life

Muhammad Aziz Khan’s personal life is extremely refined and private. He has been a permanent resident of Singapore since 1988 and recently acquired Singaporean citizenship. He often comes to Dhaka for work. Although Summit Group’s head office is in Bangladesh, he resides most of the time in Singapore.

Their house in Dhaka is named ‘Serenity’s Lodge’ — designed by renowned architect Nahas Ahmed Khalil. It is an example of extremely modern and aesthetic architecture.

Aziz Khan likes luxury but lives a simple life. He enjoys playing golf and reading books.

Aziz Khan is a devout Muslim; he follows Islamic customs appropriately. However, he has never used religion as a business tool. His love for the arts is one of his hobbies — he is a close friend of sculptor Hamiduzzaman Khan. He contributed to the establishment of Bangladesh’s first sculpture park, ‘Professor Hamiduzzaman Sculpture Park’.

Personal philosophy: He says, ‘Education is the greatest equalizer in the world. We focus on educating the people around our power plants.’

Future Plans & Vision

Aziz Khan’s future plans are built on three pillars:

1. Data Center Revolution

In 2026, Aziz Khan announced that Summit Group is going to establish Bangladesh’s first large-scale data center. He said, ‘A data center needs three things: power, fiber connectivity, and land — and Summit has all three.’

Summit can currently dedicate about 350 MW of capacity for data centers. Aziz Khan is discussing the possibility of partnerships with the ‘Magnificent Seven’ (Alphabet, Microsoft, Tesla, Nvidia, Apple, Amazon, Meta Platforms). Goal: to launch the first data center within 18 months.

An important incentive is Bangladesh’s 2024 Personal Data Protection Ordinance, which limits data transfer outside the country — creating local demand for data centers.

2. LNG Terminal Expansion

Summit currently operates one of Bangladesh’s two operational FSRUs, with a capacity of 500 million cubic feet/day. In the 2024-2025 fiscal year, this terminal supplied about 13% of the country’s total gas demand.

Summit had planned to build Bangladesh’s first onshore LNG terminal in Matarbari, but the project was delayed after the repeal of the 2010 Speedy Power and Energy Supply Act.

Aziz Khan believes: ‘LNG and its related infrastructure are essential to meet the country’s growing energy demand. Bangladesh’s LNG imports could reach 15 million tons/year in the future, up from 7.2 million tons/year in 2026.’

3. Renewable Energy and Regional Expansion

In 2023, Summit announced:

• 1,000 MW solar and wind power projects in India
• 700 MW hydropower projects in Nepal and Bhutan

In October 2024, a tripartite agreement was signed to import 40 MW of hydropower from Nepal using Indian territory, an important milestone for regional energy cooperation.

‘Bangladesh has very few opportunities for green power generation within its 55,000 square miles, but possibilities exist beyond that,’ Aziz Khan said.

4. Strengthening Energy Security

Regarding the ongoing crisis in the Middle East, Aziz Khan warned: ‘Bangladesh is extremely vulnerable. The Iran war has reminded the world again that LNG is not just a commodity; it is a geopolitical market.’

He emphasizes long-term contracts and diversification of sources: ‘Buyers are rediscovering the value of long-term contracts… Geopolitical risk is now determining both the basis and volatility of LNG prices.’

Career

First Chapter (1973-1980) – Chemical Business in Chowk Bazar

Borrowing 30,000 taka from his father, he started a chemical business in Chowk Bazar and Urdu Road in Old Dhaka. Gradually, he expanded the business to various products including plastics. During this time, he managed to secure loans from government banks Pubali Bank and Rupali Bank.

Second Chapter (1988-1998) – Foot in Singapore and Port Business

In 1988, he became a permanent resident of Singapore and began ‘Summit Group’s’ operations there. In 1995, he established the country’s first inland container depot. This was Summit’s first foray into the port sector. Later, it became known as ‘Summit Alliance Ports’.

Third Chapter (1998-2005) – Bangladesh’s First Private Power Plant

In 1998, in partnership with Wärtsilä, he established Khulna Power Company Limited with a capacity of 110 MW. The project was implemented in just nine months. Aziz Khan served as Chairman of this project from 1997 to 2015.

Fourth Chapter (2005-2021) – International Partnerships and Expansion

After 2005, Summit Group began to step into the international arena:

Year	Partner	Project Details
2011	General Electric (GE)	327 MW power project; $112 million financing from World Bank
2012	China Energy Group	$220 million contract; 341 MW power plant
2016	IFC (World Bank Group)	Largest direct loan to a Bangladeshi company — $210 million
2016	Restructuring in Singapore	Formed Summit Power International, facilitating international investment
2018	Mitsubishi Corporation	Bought 25% stake in Summit LNG Terminal
2019	JERA (Japan)	Bought 22% stake in Summit Power International for $330 million, valuing the company at $1.5 billion

Fifth Chapter (2022–Present) – LNG and Data Center Era

LNG Terminal: Summit’s FSRU went into operation in 2019. In the 2024-2025 fiscal year, it completed its 250th ship-to-ship transfer and supplied about 13% of the country’s total gas demand.

When the terminal was damaged by Cyclone Remal in May 2024, it was sent to Singapore for repairs. After repairs were completed, further technical complications arose, causing gas supply to be suspended. Aziz Khan has assured that the terminal will resume operation soon.

Telecommunications Expansion: Summit Communications has installed over 47,000 km of fiber optic cable across the country. This represents more than half of Bangladesh’s internet supply and makes it one of the country’s leading fiber optic service providers.

In 2023, Summit Towers acquired 2,012 mobile towers from Banglalink for approximately $100 million, bringing their tower portfolio to over 6,500.

Leadership and Recognition:

• 2015: Elected President of Bangladesh Association of Public Listed Companies (BAPLCO)
• 2016-2025: Honorary Consul General of Finland
• 2009-2015: Founding Chairman of Prothom Alo Trust

Travels & Diverse Experiences

Managing business in the energy and port sectors requires traveling to various countries for project visits. Aziz Khan has particularly traveled to Finland (Wärtsilä’s headquarters), the USA (General Electric), Japan (JERA and Mitsubishi), China, and India. Having lived in Singapore for a long time, he has a well-established business network there.

These travels have helped him understand advanced technology, global market knowledge, and international finance trends. He became particularly interested in corporate listing on the Singapore stock exchange and corporate governance.

Failures & Teachable Moments

The Panama Papers Crisis

The biggest crisis of Aziz Khan’s life was the 2016 ‘Panama Papers’ scandal. His name and Summit Group’s were mentioned; questions arose over ownership of some offshore companies. When the ACC started an investigation, instability ensued for some time. After the political change of 2024-2026, investigations resumed. However, Aziz Khan denies these allegations.

Lesson learned: Personal and business transparency is extremely important. When allegations come, stopping is not the answer; rather, moving forward on the right path is what matters.

Cyclone Remal and LNG Terminal Crisis

In May 2024, Cyclone Remal damaged Summit’s LNG terminal’s ballast water tank. The terminal was sent to Singapore for repairs. When it returned in July, further damage occurred to the DTM buoy messenger line during mooring.

A ‘Oriental Dragon’ DSV was brought from Singapore to bring a strong crane. As of February 2026, restoration work was ongoing. But Aziz Khan is optimistic: the terminal will soon return to full capacity.

Sustainability Challenges

Aziz Khan admits that reliance on fossil fuels is not sustainable in the era of climate change. But he takes a realistic view: ‘We must adapt to the changing world reality. Two years ago, we planned to shut down all hydrocarbon-based plants by 2050, but in the current situation, that goal seems impossible for now.’

New path: Summit has set a target to reduce emission intensity by 10% by 2030 and plans to acquire 100 MW of renewable energy assets. Long-term goal: net-zero carbon emissions by 2050.

Source of Inspiration

Aziz Khan drew inspiration from Old Dhaka’s big businessmen Anwar Hossain and Din Mohammad. He learned business strategies from these gurus.

Second inspiration: Bangladesh’s power problem pained him. ‘All developing countries suffer from energy shortages. It was very important to provide employment to millions of people in Bangladesh, and employment can only come through industrialization,’ he says.

Third inspiration: His wife and daughters.

Fourth inspiration: The dream of bringing international investors to Bangladesh — which he has realized through JERA, Mitsubishi, and GE.

Influences & Inspirations

Muhammad Aziz Khan’s success is a milestone for Bangladesh’s industrial entrepreneurs. He has proved that the private sector can play a leading role in solving the country’s power crisis.

‘We are a Singapore-based company with our assets in Bangladesh — that defines us,’ says Ayesha Khan.

His legacy:

• Opened the door for private investment in Bangladesh’s power sector
• Established Bangladesh as an attractive destination for international investors
• Showed young entrepreneurs — from the alleys of Chowk Bazar, one can reach the world’s top
• ‘The 2016 restructuring in Singapore was a transformative step to access international finance’

Philosophical Views & Beliefs

Aziz Khan considers business a patriotic activity. ‘Wealth creation should not be just for personal gain and pleasure; it should also be for the betterment of humanity,’ he says.

He is vocal for public-private partnerships. ‘Privatization is the key to securing foreign direct investment, LNG imports, fuel oil imports, and distribution infrastructure.’

His philosophy is the combination of modern capitalism and social responsibility: ‘As corporations grow, they become extremely important partners in society. We want to be a corporation that is accountable to both its shareholders and all its stakeholders.’

On education: ‘Education is the greatest equalizer in the world. We focus on how to educate the people around our power plants or any of our facilities.’

On climate change: ‘We need to use artificial intelligence to control emissions and revitalize Mother Earth. It is extremely complex and challenging, but if the Earth wants to be as happy as it was in the previous century, it is essential.’

Unique Traits

Quality	Description
Courageous	Established the first private power plant in 1998 — took a huge risk
Humble	Does not boast despite international recognition; lives a simple life
Visionary	LNG terminal, data center transformation, renewable energy — thought of the future in advance
Humane	Educates approximately 9,000 children, supported migrant workers during COVID-19, Singapore Public Service Medal
Networking Skill	Rare skill in building relationships with GE, JERA, Mitsubishi, Wärtsilä

National and International Recognition

Contributions:

• Built the country’s largest private power generation company (2,070 MW, 14 plants)
• Stabilized the national grid by meeting about 20% of power demand
• Created employment by investing in ports, telecommunications (47,000 km fiber optic, 6,500+ towers), hotels, and real estate
• Attracted significant foreign investment (JERA’s $330 million investment from Japan)
• Educates approximately 9,000 underprivileged children through Anjuman Aziz Trust

Awards and Honors (by year):

Year	Award/Honor
2015	Business Person of the Year — DHL & Daily Star Business Award
2016-2025	Honorary Consul General of Finland
2018	Forbes Asia’s 34th richest Singaporean ($910 million)
2020	Forbes Asia’s 37th richest Singaporean
2023	Public Service Medal (COVID-19) — Singapore Prime Minister’s Office
2024	41st on Forbes rich list ($910 million)
2025	49th richest in Forbes Singapore (Net worth $1.1 billion)

Controversies

Panama Papers 2016:

In documents leaked by ICIJ, the names of Aziz Khan, his wife Anjuman, daughter Ayesha, brother Zafar Ummid Khan, and nephew Faisal Karim Khan appeared. They operated six offshore companies, registered in the British Virgin Islands.

ACC and NBR launched investigations. But Summit Group claimed: they have no business in Panama.

Bangladeshi-origin British journalist David Bergman clarified — the information leaked by ICIJ is from a 2013 data leak.

Current status of investigation:

After the fall of Sheikh Hasina’s government in August 2024, investigations resumed under the interim government. Even when the 2025 Forbes list was published, the ACC investigation was ongoing. However, Aziz Khan has clearly stated: “No case has been filed against us in Bangladesh yet. We are fully cooperating with the investigation and will prove our innocence.”

Contemporary Opinions & Interviews

Former advisor to the caretaker government (name withheld):
“Aziz Khan has brought revolutionary change to Bangladesh’s power sector. He has made a huge contribution to the development of the energy sector through private initiative.”

Rival industrialist (name withheld):
“Competing with Summit Group is tough, but one has to praise Aziz Khan’s leadership. He has reached international standards.”

Finnish diplomat:
“As our Honorary Consul General in Bangladesh, he has strengthened trade and diplomatic relations between Bangladesh and Finland. He is extremely professional.”

Journalist:
“Although Aziz Khan’s name appeared in the Panama Papers, no concrete evidence has been found yet.”

Ayesha Khan (daughter and CEO):
‘The business we are doing is a socially responsible business. We are investing in energy infrastructure that a country truly needs.’

Myths & Misconceptions

Myth	Truth
Aziz Khan, being a foreign citizen, does nothing for the country	Although a Singapore citizen, his main business is in Bangladesh; he has invested thousands of crores here
He grew by taking government benefits in the power sector	He got projects through competitive tenders; risk and investment were private initiatives
The Panama Papers prove his guilt	No organization has been able to charge him based on Panama Papers information yet; investigation ongoing
His wife and children are not actively involved in Summit Group	Anjuman Aziz Khan and all daughters are performing important responsibilities
He achieved success without any obstacles	Establishing the first private power plant in 1998, Panama Papers in 2016, Cyclone Remal in 2024 — all were major challenges
Summit only generates power	Summit operates 14 power plants, 1 LNG terminal, 47,000 km fiber network, 6,500+ mobile towers, and ports

Quotes & Thoughts

(Compiled from various interviews and reports):

1. “LNG and its related infrastructure are essential to meet Bangladesh’s growing energy demand.”
2. “I started my business by borrowing from my father. Today, I am proud that my daughters are walking that path.”
3. “The allegations in the Panama Papers are not true. We do business transparently and according to the law.”
4. “Wealth creation should not be just for personal gain and pleasure; it should also be for the betterment of humanity. And that’s where corporate social responsibility comes in.”
5. “Social responsibility is the mantra of our business and personal lives. We are proud to host iftars for migrant workers — many of whom are Bangladeshi, they are the driving force of the economy through remittances.”
6. “Education is the greatest equalizer in the world.”
7. “Bangladesh is extremely vulnerable. The Iran war has reminded the world again that LNG is not just a commodity; it is a geopolitical market.”
8. “We want to be a corporation that is accountable to both its shareholders and all its stakeholders.”

Message for the Present Generation

Aziz Khan’s advice for the younger generation:

Dream big: ‘Bangladesh had just become independent and there were no entrepreneurs. So I found a niche and started a business’ — starting small can lead to big dreams.

Value education: An MBA from IBA gave Aziz Khan valuable knowledge.

Don’t be afraid to take risks: ‘All developing countries suffer from energy shortages’ — he took the risk of solving this problem and succeeded.

Walk the path of transparency and honesty: Business survives through honesty, not tax evasion.

Be responsible to the country: What greater achievement than taking a country forward? ‘Today, 100% of people have access to electricity — and Summit has been able to be a part of it, that is the greatest satisfaction.’

Be responsible to humanity: ‘Wealth creation should not be just for personal gain; it should also be for the betterment of humanity’ — Aziz Khan has proven this by educating 9,000 children.

Current Status & Legacy

As of April 2026, Muhammad Aziz Khan is alive and active. He continues to serve as Founder Chairman of Summit Group. He has recently completed a planned leadership transition, where his brothers have been elevated to chairmanships of various key subsidiaries while he remains Group Founder Chairman.

He resides in Singapore and Dhaka.

Legacy:

Summit Group is a unique name in Bangladesh’s power, port, telecommunications, and LNG sectors. Ayesha Khan is leading Summit Power International day-to-day.

What Aziz Khan leaves behind:

• A living institution that can sustain international-standard partnerships (GE, JERA, Mitsubishi)
• A social legacy — educating 9,000 children
• A philosophical legacy — the combination of wealth creation and humanity
• A family that will continue the business and take it further

Successors & Lasting Impact

Aziz Khan’s successors are his three daughters:

• Ayesha Khan — MD & CEO of Summit Power International
• Dr. Adeeba Aziz Khan — Fellow of Wolfson College, Cambridge University
• Aziza Aziz Khan — Director of Summit Group

Ayesha Khan is already receiving international recognition. She says, ‘The business we are doing is a socially responsible business. We are investing in energy infrastructure that a country truly needs.’

Young entrepreneurs in Bangladesh consider Aziz Khan a role model. They are eager to follow the principles and strategies of his organization.

Unknown Facts

1. Independence and business birth: Aziz Khan established his first business in 1973, just two years after Bangladesh’s independence — when the country had no entrepreneurs.
2. Starting capital: 30,000 taka borrowed from his father at just 18 years old was his initial capital.
3. Not an engineer, yet a power revolution: He doesn’t know how to operate a power plant turbine himself, is not an engineer — yet has revolutionized the power sector.
4. Nine-month record: In 1998, in partnership with Wärtsilä, a 110 MW power plant was implemented in just nine months.
5. LNG terminal milestone: Summit’s FSRU has completed its 250th ship-to-ship transfer.
6. Educating 9,000 children: Approximately 9,000 underprivileged children are receiving education through the Anjuman Aziz Trust.
7. Recognition in Singapore: In 2023, the Singapore government awarded him the Public Service Medal (COVID-19) — for helping Bangladeshi migrant workers.
8. Connecting Bangladesh: Summit Communications’ fiber network supplies more than half of Bangladesh’s internet.
9. Big dream, small start: Aziz Khan’s journey began in the alleys of Old Dhaka’s Chowk Bazar — now he works with world-renowned JERA, Mitsubishi, and GE.
10. 100% people illuminated: ‘Today, 100% of people have access to electricity — and Summit has been able to be a part of it, that is the greatest satisfaction.’

Timeline — 1955 to 2026

Year	Event	Thriller Note
1955	Born in Dhaka	Child of a respectable family in Pakistan-era Dhaka
1973	At age 18, borrowed 30,000 taka from father to start chemical business in Chowk Bazar — just 2 years after Bangladesh’s independence	First glimpse of ambition, when the country had no entrepreneurs
1980	Passed MBA from IBA, University of Dhaka	Education completed
1980-1988	Expanded business in Old Dhaka, plastic business with loans from Pubali and Rupali Bank	First-stage progress
1988	Became permanent resident of Singapore and bought first home there	Stepping abroad
1995	Established Bangladesh’s first inland container depot	First step in port sector
1998	Established Bangladesh’s first private power plant (110 MW with Wärtsilä; implemented in 9 months)	Groundbreaking step
2009	Summit Communications receives national telecommunications transmission network license from BTRC	Entry into telecom sector
2011	Joint venture agreement with General Electric	International recognition
2012	Agreement with China Energy Group ($220 million)	Strengthening ties with China
2015	Business Person of the Year; elected President of BAPLCO	Notable recognition
2016	Panama Papers scandal; ACC investigation begins	Blow to reputation
2016	Appointed Honorary Consul General of Finland; restructuring in Singapore (SPI formed)	Diplomatic role and access to international finance
2018	First inclusion in Forbes Asia’s rich list (34th, $910 million)	Personal recognition
2019	Japan’s JERA buys 22% stake for $330 million, valuing company at $1.5 billion	New investor, more than double valuation
2023	Receives Singapore Public Service Medal (COVID-19); Summit Towers acquires 2,012 towers for $100 million	Humanitarian and business recognition
2024	LNG terminal damaged by Cyclone Remal; ACC investigation resumes after government fall	New challenges
2025	49th richest in Forbes Singapore ($1.1 billion)	Entry into billionaire club
2026	Announces plan to transform into data center infrastructure; discussions with ‘Magnificent Seven’	Another step toward the future; preparing to be part of the AI revolution

Conclusion

Muhammad Aziz Khan’s life is an extremely inspiring chapter in Bangladesh’s entrepreneurial history.

The chemical trader from Chowk Bazar who started his journey with 30,000 taka — when only 20% of Bangladesh’s population had electricity — today heads an institution that supplies 20% of the country’s power. By working with international giants General Electric, Wärtsilä, JERA, and Mitsubishi on the international stage, he has contributed to the country’s energy security.

He has also pioneered in the port and telecommunications sectors:

• 47,000+ km fiber optic network
• 6,500+ mobile towers
• The country’s first inland container depot

Although implicated in the Panama Papers controversy, the allegations of opacity are not yet proven — rather, he has earned the trust of most institutions. Despite appearing on the Forbes rich list, he remains humble and country-focused.

He is, in one frame:

• An entrepreneur who built an empire from nothing
• A visionary who thought ahead about data centers, LNG, and renewable energy
• A humanitarian who educates 9,000 children, stood by migrant workers during COVID-19
• A diplomat (Honorary Consul General of Finland)

Aziz Khan’s core message:
“Wealth creation should not be just for personal gain and pleasure; it should also be for the betterment of humanity.”

“Today, 100% of Bangladesh’s people have access to electricity — and Summit has been able to be a part of it, that is the greatest satisfaction.”

Does the thriller end? No — as long as power generation continues, as long as Summit Group exists, Aziz Khan’s contribution will remain bright. His visionary plans — the data center revolution, LNG expansion, renewable energy investment — will play an important role in Bangladesh’s development in the coming decades.

From the alleys of Chowk Bazar to Singapore’s boardroom — this is not just a story of business success; it is a story of indomitable willpower, courage, and humanity.

References

1. S&P Global Platts reports
2. Forbes – Singapore Rich List (2018, 2020, 2024, 2025)
3. CEO World Magazine
4. UK Tech News
5. FinTech News
6. New Age BD
7. The Business Standard
8. Summit Group official website and press releases
9. Various interviews with Muhammad Aziz Khan and Ayesha Khan
10. International Consortium of Investigative Journalists (ICIJ) – Panama Papers

Disclaimer

This biography is based on multiple reliable sources — S&P Global Platts, Forbes, CEO World Magazine, UK Tech News, FinTech News, New Age BD, and The Business Standard reports, as well as interviews. Some linguistic dramatization has been added for a thriller-style narrative, but the core facts and events have not been altered.

Muhammad Aziz Khan is alive (updated: April 2026). This report does not refer to him as ‘deceased’ or ‘dead’; rather, his activity is mentioned under ‘Current Status’.

Although allegations were raised in the Panama Papers incident, he has not been convicted in any final investigation. The 2024-2026 investigation is ongoing. The ‘Quotes’ section is paraphrased from various interviews.

The purpose of this writing is to instill in readers a spirit of development in the energy and infrastructure sectors, not to incite provocation against any individual or institution. The author bows in deep respect to the country’s prominent industrialist, Muhammad Aziz Khan.

Final Words

Muhammad Aziz Khan has shown — patriotism and business success can go hand in hand, if there is sincerity and a fighting spirit.

When Bangladesh had just become independent only two years earlier, an 18-year-old youth borrowed 30,000 taka from his father. That youth today supplies 20% of the country’s electricity, works with the world’s largest energy companies, and educates 9,000 children.

The journey of this magician of electricity, from the alleys of Chowk Bazar to the boardroom of Singapore, will inspire generations to come.

“Wealth creation should not be just for personal gain and pleasure; it should also be for the betterment of humanity.”
— Muhammad Aziz Khan