He served as the founding chairman and CEO of Transcom Group[2] which deals with beverages, electrical and electronics products, pharmaceuticals, fast food, snacks and breakfast cereals, print media, FM radio and tea plantations mostly as the comprador of international brands like Pizza Hut, KFC, Pepsi and Philips.

[5] Latifur's grandfather, Khan Bahadur Waliur Rahman, was born in Cheora village of Chauddagram in the then British India.

[7][8] Latifur's father, Khan Bahadur Mujibur Rahman, moved to Dhaka with family after the 1947 India partition and started jute business.

[7] After the Indo-Pakistani war of 1965, he returned to Dhaka and started working as an apprentice in his father’s W Rahman Jute Mill.

In the 1990s, he bought Smith, Kline & French, a US-based pharmaceutical which had merged into Beecham Group, a British company, and renamed it Eskayef.

[12] Rahman was elected a member of the executive board of the Paris-based International Chamber of Commerce for a three-year term in July 2014.