A dynamic young man Abdul Matlub Ahmad founded Nitol Motors Ltd. In 1983. Very soon the new company became a major player in the commercial vehicle market and has been growing ever since. With the motto of quality, honesty and efficiency the company in its beginning started with trading of vehicles. Its high sales figure attracted international companies and in 1989 Nitol Motors Ltd. became the sole distributor of TATA vehicles in Bangladesh. In 1991 a joint venture company named Nita Company Ltd. was formed between TELCO and NITOL for assembly of TATA vehicles in Bangladesh.