Privatization in Iran - Top 100 Iranian Companies

Top 100 Iranian Companies

The ranking has been assessed by Iran Industrial Management Company for the past 10 years. Based on financial statements for March 2005-06, the ’100 top Iranian corporations’ were ranked and announced in a conference in early 2007. According to the economic expert in charge of the rankings, the main index considered was the sales of companies because “Sales figure indicates the growth of a corporation“.

According to the same survey, while 67 percent of the firms have experienced a decline in profit margin, car manufacturers, cement factories, investment institutions and banks have had an increase in the same index. The Iranian year March 2005-06 was a good year for these industries.

Meanwhile, the Persian daily Ettelaat named the top five corporations as follows: Industrial Development and Renovation Organization (IDRO) ranking first with an asset of 112,658 billion rials followed by Iran Khodro Industrial Group with an asset of 65,971 billion rials, Mining Industries Development and Renovation Organization (IMIDRO) with 52,184 billion rials, SAIPA car factory with 40,528 billion rials and National Iranian Petrochemical Company with 32,024 billion rials. They were followed by SAPCO, Bank Melli Iran, Bank Saderat Iran, Mobarakeh Steel Co. and Bank Mellat taking the sixth to tenth positions.

Latest statistics show that the number of companies worth over one billion dollars on Tehran Stock Exchange (listed companies only) has reached 12. Among them are National Iranian Copper Industries Company (NICIC shares are worth $5.2 billion), Kharg Petrochemical Company, Ghadir petrochemical companies, Khuzestan Steel Company, Power Plant Projects Management Company (MAPNA), Retirement Investment Firm, Metal and Mine Investment Companies, Gol-Gohar Iron Ore Company ($2.1 billion), and Chadormalu Mining and Industrial Company.