Syed Shemul Parvez: In the rapidly evolving tech sector of Bangladesh, FIFOTech has emerged as a trailblazer, revolutionizing Business Process Outsourcing (BPO) services and setting new benchmarks in both technological excellence and social responsibility. Established in 2004, the company has grown from a local startup into a globally recognized name, now expanding its operations beyond Bangladesh with a strong presence in Dubai and ambitious plans for further growth in the U.S. and Europe.
In an exclusive interview with The Daily New Nation, Towhid Hossain, Managing Director and CEO of FIFOTech, offered a glimpse into the company’s journey, accomplishments, and its long-term vision, while also shedding light on the current state and global prospects of Bangladesh’s BPO sector.
“FIFOTech began its journey in 2004 and has gradually emerged as a reputed technology firm,” Hossain said. “Our accomplishments in the BPO sector are numerous.”
Over the years, FIFOTech has earned several prestigious accolades, including the ASOCIO Outstanding Tech Company Award 2022, the Digital Bangladesh Award 2020, and the National Award of Post & Telecommunication 2023, reflecting its commitment to innovation and excellence.
But beyond awards and international contracts, FIFOTech is distinguished by its dedication to social impact, particularly in the area of employment generation. The company has created thousands of jobs across Bangladesh, with a special focus on empowering youth and differently-abled individuals.
“We believe hands-on experience is key to skill development,” Hossain emphasized. “We organize annual job fairs to recruit differently-abled youth and stand by our team members through thick and thin.”
With a team of over 300 skilled professionals, FIFOTech provides a range of specialized services including call centers, financial accounting outsourcing, digital marketing, and software development. These services have helped many local and international businesses streamline their operations, improve customer engagement, and boost efficiency.
Looking ahead, Hossain envisions FIFOTech expanding into the U.S. and European markets within the next five years, a move that could significantly boost employment and strengthen Bangladesh’s position in the global outsourcing arena.
“This international expansion will not only grow our footprint but also generate large-scale employment opportunities for Bangladesh’s youth,” he noted.
When asked about his advice to aspiring entrepreneurs in the BPO space, Hossain highlighted the importance of experience, research, and networking.
“Learning by doing strengthens the foundation. Newcomers should focus on extensive research, build strong communication skills, and develop international connections to attract projects,” he advised.
Hossain also emphasized the need for collaborative efforts and government support to elevate the country’s BPO sector on the global stage.
“Improved national branding and strategic investments in talent can unlock enormous global opportunities. The government is already taking steps in this direction, and companies like ours are ready to contribute,” he added.
With a proven track record of innovation, inclusive employment, and international recognition, FIFOTech stands as a beacon of possibility in Bangladesh’s digital future. As the global demand for outsourcing services continues to rise, the company’s story reflects both the potential and promise of the Bangladeshi BPO sector.
