Info:
Bahman Group is a large diversified Iranian company, situated in Tehran. The company was incorporated in 1952. It is specialized in the production of automobiles and spare parts for them and their export, importation and distribution of different products. Since 2004 Bahman Group focuses its activities also on energy and petrochemical industry by establishing a refinery for bitumen production. The Group is also engaged in the information technology sector and performs investment activities in oil, gas, petrochemical industries and real estate. Bahman Group Company has been listed listed in Iran 100 top companies many times;
Bahman Group is owned by the designated IRGC Cooperative Foundation;
Bahman Group is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
Andisheh Mehvaran Investment Company is designated by OFAC pursuant to E.O. 13224 for being owned or controlled by Iran Zink and Mines Development Company, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, IZMDC;
Bonyad Sepah manages to maintain a commanding, yet clandestine, influence on the Iranian economy is that of the Bahman Group, one of the prominent car manufacturers in Iran;
The group’s main activities concentrate in the automotive industry, it is a licensed vehicle manufacturer of the following brands: Mazda, Isuzu, Faw, ZXAUTO, Tmec;
Among its clients in Iran, the group has contracts with government ministries as well as the armed forces (army as well as IRGC);
Also, the group through its subsidiary, ParsBoschung, provides and installs multipurpose machinery used for road and airport maintenance;
Among ParsBoschung’s business partners, are various European companies such as the Swiss Company Boshung (which also owns 3.625% of ParsBoschung’s shares ), Italian companies such as: OFTMB, ETD, AMCO VEBA, ASSALONI, Turkish Companies such as: HYDROMAC and French companies such as: ACOMETIS;
Bahman Group is also active in the telecommunications and energy sectors;
Industry:
Holding Company
Established:
1952
Country:
Iran
Website:
www.bahmangroup.com
Person of interests:
Kharazmi, Ghadir
Subsidiaries:
Bahman Insurance Service Co.
Iran Chassis Production Company
Asre Bahman Commercial Co.
Arya Dana Drilling Company
Etebare Iran Investment Company
Asia 2000 Tourism, Air Travel and Services Co.
Bahman Leasing Co.
Aria Dana Energy Co.
Nik Sanat Parsian Co.
Iran Casting Industries
Iran Docharkhe Co.
Soroush Bahman Commercial Co.
Qateat Sanaye Design and Production Company
Niru Mohareke Iran Co.
Siba Motor Co.
Bahman Motor Co.
Mazda Yadak Co.
Bahman Brokerage Company
Bahman Diesel Co.
Shareholders:
Other Individual – 37.6%
Behman Fan Pordazan Company – 27.7%
Farda Andesheh Investment Company – 25.9%
Energy Hur Development Investment Company – 8.8%
Reason for the color:
» Bahman Group is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
» Bahman Group is a Tehran-based manufacturing conglomerate 45.5% owned by the designated IRGC Cooperative Foundation