STS Group
STS Group is a Bangladeshi diversified business group focused primarily on healthcare and education.
Last updated August 26, 2026
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Overview
STS Group is a Bangladesh-based conglomerate whose principal activities are healthcare and education. The group operates through two main corporate platforms: STS Holdings Ltd, which oversees healthcare interests, and STS Capital Limited, formerly known as STS Educational Group Ltd, which serves the education sector. Its portfolio includes hospitals, schools, a higher-education institution, a nursing college, and related training activities. The group is headquartered in Dhaka and its operating businesses are concentrated in Bangladesh. The group was formed in 1997 through the combination of three previously independent Bangladeshi business houses: Shanta Group, Tropica Group, and Sepal Group. The name STS was derived from the initial letters of those three founding business houses. From its formation, the group positioned itself as a vehicle for investment by local and international entrepreneurs in sectors considered important to Bangladesh’s social and economic development, particularly healthcare and education. STS entered education early in its corporate history. It established International School Dhaka in 1998 in the Bashundhara Residential Area and later created the International Training Centre in 2006. The group expanded its school portfolio through DPS STS School, founded in 2009 as a joint venture with Delhi Public School. It subsequently developed Glenrich International School and entered higher education through Universal College Bangladesh. UCB operates in partnership with Australia’s Monash University and awards degrees associated with that institution; from 2022, it also began offering programs connected with the London School of Economics and the University of London. STS Nursing College, established in 2019, extended the group’s education activities into professional healthcare training. Healthcare became another major pillar through the development of Apollo Hospital Dhaka, which began operations in 2005. The hospital was later rebranded as Evercare Hospital Dhaka in 2020 following the development of the Evercare healthcare platform. STS also developed a hospital in Chattogram, initially known as Apollo Hospital Chattogram. While under construction, that facility was renamed Evercare Hospitals Chattogram in 2021. Together, the hospitals and nursing-college activities connect STS’s healthcare operations with its education interests and support the training of healthcare professionals. A significant ownership change occurred in 2020, when STS Holdings sold a majority stake to CDC Group, the United Kingdom government-backed development finance institution now known as British International Investment. This transaction made BII the majority shareholder and represented a major international investment in Bangladesh’s private healthcare and education sectors. The group’s corporate structure has continued to center on its healthcare and education subsidiaries rather than on a broad consumer-brand portfolio. STS Group is therefore best understood as an institutional business group rather than a single product brand. Its public-facing activities are delivered through individual schools, hospitals, colleges, and training organizations, while the STS name provides the overarching corporate identity. Public reference material identifies Bangladesh as its operating market and does not establish a separate international consumer presence, stock-market listing, or publicly documented founder and executive roster.
History
STS Group was created in Bangladesh in 1997 through the merger of Shanta Group, Tropica Group, and Sepal Group, three business houses that had previously operated independently. The acronym STS came from the first letters of those organizations. The new group was established with an ambition to develop businesses in socially important sectors and to combine local entrepreneurship with foreign participation. Education became one of the group’s earliest areas of activity. In 1998, STS established International School Dhaka in the Bashundhara Residential Area. The group expanded into training with the International Training Centre in 2006. In 2009, it entered a partnership with Delhi Public School to establish DPS STS School in Uttara. The school was inaugurated in August of that year by Bangladesh’s education minister Nurul Islam Nahid and member of parliament Rashed Khan Menon. STS later added Glenrich International School, broadening its presence in private and international schooling. The group also developed a higher-education platform. Universal College Bangladesh was formed in partnership with Australia’s Monash University and offers degrees associated with Monash. In 2022, the college expanded its academic offering to include degrees connected with the London School of Economics and the University of London. In 2019, STS established STS Nursing College, bringing professional healthcare education into closer alignment with the group’s hospital operations. Healthcare became the group’s other principal business line. STS began Apollo Hospital Dhaka in 2005. The hospital later changed its name to Evercare Hospital Dhaka in 2020. STS also developed a hospital in Chattogram; while the facility was still under construction, it was renamed Evercare Hospitals Chattogram in 2021. These changes placed the hospitals under the Evercare identity while retaining their connection to STS’s healthcare platform. Ownership changed materially in 2020. STS Holdings Ltd sold a majority stake to CDC Group, a United Kingdom government-owned development finance institution. CDC Group subsequently became known as British International Investment. The investment made BII the majority shareholder in the group’s healthcare holding structure and linked STS to a major international development-investment institution. STS’s structure is organized around two subsidiary companies identified in public reference material: STS Holdings Ltd for healthcare and STS Capital Limited, formerly STS Educational Group Ltd, for education. Its public-facing operations include hospitals, schools, a college, a nursing institution, and training activities. Available reference material does not identify a public stock-market listing, a named founder, or a complete current and former executive roster. The group is primarily a Bangladesh-focused institutional business group rather than a consumer product brand.
- 2022
Universal College Bangladesh broadened its degree portfolio
[1]UCB began offering degrees connected with the London School of Economics and the University of London.
- 2021
Chattogram hospital renamed
[1]The under-construction Apollo Hospital Chattogram was renamed Evercare Hospitals Chattogram.
- 2020
Majority ownership transferred to CDC Group
[1]STS Holdings sold a majority stake to CDC Group, now known as British International Investment.
- 2020
Apollo Hospital Dhaka rebranded
[1]Apollo Hospital Dhaka adopted the Evercare Hospital Dhaka name.
- 2019
STS Nursing College established
[1]The group added a nursing and professional healthcare education institution.
- 2009
DPS STS School established
[1]A joint venture with Delhi Public School created DPS STS School in Uttara.
- 2006
International Training Centre established
[1]STS expanded its education activities into training services.
- 2005
Apollo Hospital Dhaka launched
[1]The group entered large-scale private healthcare with Apollo Hospital Dhaka.
- 1998
International School Dhaka established
[1]STS Group founded International School Dhaka in the Bashundhara Residential Area of Dhaka.
- 1997
STS Group established
[1]Shanta Group, Tropica Group, and Sepal Group merged to form STS Group in Bangladesh.
Products and positioning
A Bangladesh-focused diversified group combining private healthcare delivery with international, school-level, higher, and professional education.
Private healthcare · 2005
Evercare Hospital Dhaka
Evercare Hospital Dhaka is STS Group’s principal Dhaka healthcare institution. It began operations in 2005 as Apollo Hospital Dhaka and adopted the Evercare name in 2020. The facility represents the group’s participation in private hospital care and is managed within the healthcare structure associated with STS Holdings.
Private healthcare · 2021
Evercare Hospitals Chattogram
Evercare Hospitals Chattogram is the Chattogram healthcare project developed by STS Group. It was initially identified as Apollo Hospital Chattogram and was renamed while under construction in 2021. The project extended the group’s hospital strategy beyond Dhaka under the Evercare identity.
International school · 1998
International School Dhaka
International School Dhaka was established by STS Group in 1998 in the Bashundhara Residential Area. It was the group’s first identified education institution and formed an early foundation for its later portfolio of schools, higher education, and professional training businesses.
International school · 2009
DPS STS School
DPS STS School was established in 2009 through a joint venture between STS Group and Delhi Public School. Located in Sector 15 of Uttara, Dhaka, it expanded STS’s presence in private and international school education.
International school
Glenrich International School
Glenrich International School is part of STS Group’s school-education portfolio. It was established in the Sunvalley Abashon Project, a residential development in eastern Dhaka.
Higher education
Universal College Bangladesh
Universal College Bangladesh is a higher-education institution associated with STS Group. It was created as a partner of Australia’s Monash University and awards degrees connected with that partnership. From 2022, it also offered degree programs associated with the London School of Economics and the University of London.
Professional healthcare education · 2019
STS Nursing College
STS Nursing College was established in 2019 and extends the group’s education activities into nursing and healthcare-professional training. Its presence complements STS Group’s hospital operations and broader involvement in healthcare.
Professional training · 2006
International Training Centre
International Training Centre was established by STS Group in 2006 as part of the group’s education and training activities. Public reference material identifies it as an education-sector institution but does not provide further details on its current program portfolio.
Brand decisions
2022
Universal College Bangladesh expanded international degree partnershipsProduct launchBackground
Universal College Bangladesh already operated as a partner of Monash University and formed part of STS Group’s higher-education portfolio.
Action taken
UCB began offering degrees associated with the London School of Economics and the University of London.
Aftermath
The institution broadened its international academic offering beyond its existing Monash University relationship.
2021
Chattogram hospital renamed under the Evercare identityStrategyBackground
STS Group was developing a hospital project in Chattogram that had previously been identified as Apollo Hospital Chattogram.
Action taken
The under-construction project was renamed Evercare Hospitals Chattogram.
Aftermath
The group aligned its Chattogram hospital project with the Evercare name used for its Dhaka healthcare operation.
2020
Majority stake sale to CDC GroupM&ABackground
STS Group’s healthcare holding structure sought international investment as its private healthcare and education activities developed in Bangladesh.
Action taken
STS Holdings Ltd sold a majority of its shares to CDC Group, the United Kingdom government-backed development finance institution now called British International Investment.
Aftermath
British International Investment became the majority shareholder identified in public reference material. No transaction value is provided in the available source.
2020
Apollo Hospital Dhaka rebrand to Evercare Hospital DhakaStrategyBackground
The group’s Dhaka hospital was moved from the Apollo identity to the Evercare healthcare brand.
Action taken
Apollo Hospital Dhaka was renamed Evercare Hospital Dhaka.
Aftermath
The Dhaka hospital became part of the Evercare-branded healthcare presence associated with STS Group.
Recent events
- 2022
Universal College Bangladesh added LSE and University of London programs[1]
Product launch
Universal College Bangladesh began offering degrees connected with the London School of Economics and the University of London in addition to its Monash University partnership.
- 2021
Apollo Hospital Chattogram renamed Evercare Hospitals Chattogram[1]
Product generation
The group renamed its under-construction Chattogram hospital as Evercare Hospitals Chattogram.
- 2020
CDC Group acquired a majority stake in STS Holdings[1]
M&A
STS Holdings sold its majority shares to CDC Group, the United Kingdom government-owned development finance institution later renamed British International Investment.
- 2020
Apollo Hospital Dhaka rebranded as Evercare Hospital[1]
Product generation
The Dhaka hospital changed its public identity from Apollo Hospital Dhaka to Evercare Hospital Dhaka.
- 2019
STS Nursing College established[1]
Product launch
The group added professional healthcare education to its portfolio through the establishment of STS Nursing College.
- 2009
DPS STS School launched as a joint venture[1]
Product launch
STS Group established DPS STS School in Uttara through a partnership with Delhi Public School. The school was inaugurated in August 2009.
- 2006
STS Group established an international training center[1]
Product launch
The group expanded its education portfolio with the establishment of International Training Centre.
- 2005
Apollo Hospital Dhaka opened[1]
Product launch
STS Group began its major healthcare operation with Apollo Hospital Dhaka, which was later rebranded as Evercare Hospital Dhaka.
- 1998
International School Dhaka established[1]
Other
STS Group entered the education sector by establishing International School Dhaka in Dhaka’s Bashundhara Residential Area.
- 1997
STS Group formed through the merger of three Bangladeshi business houses[1]
Other
Shanta Group, Tropica Group, and Sepal Group combined to create STS Group, with the new name derived from their initials.
Sources1 sources
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