# IIDIC

IIDIC is an Asset Manager based in Tehran, Iran.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Tehran, Iran
- **Region:** Middle East
- **Address:** Number 106, Mahdiar Building, Seventh Fl, Corner of Salehi Alley, After Najabatjoo Street, Shahid Bahonar Street, Niavaran, Tehran, Iran
- **Founded:** 1997
- **Assets under management:** Undisclosed
- **Website:** www.iidic.com
- **LinkedIn:** https://www.linkedin.com/company/institute-of-industrial-design-innovation-center

## Regulatory record

- **Reports private funds:** No

## About

IIDIC was established in 1997 in Tehran by Rouzbeh Pirouz, who serves as its Chairman alongside his role as Executive Chairman of Turquoise Partners. The firm emerged during Iran's early post-war privatization wave, building a generalist portfolio that spans financial assets, technology platforms, and listed securities. Its investment architecture is unusual for the Iranian market — it functions less as a passive holding company and more as a hub connecting affiliated operators, notably including Sarava Pars, the venture firm founded by Said Rahmani that backed some of Iran's earliest major internet companies. The firm's deployment spans at least three asset classes: public equities, private venture and growth equity, and direct operating-company stakes. Through its relationship with Turquoise Partners, IIDIC participates in Iran's modest but active listed market, including the Tehran Stock Exchange and Iran Fara Bourse. Its technology exposure flows largely through Sarava Pars, which built a portfolio in digital payments, e-commerce, and enterprise software during the 2010s internet adoption wave inside the country. Confirmed positions include Tadbir Pardaz IT Group, a software and IT services company led by Seyed Ahmad Araghchi, who previously served on IIDIC's board. The firm manages this strategy from its headquarters in the Niavaran district of northern Tehran. IIDIC's leadership maintains ties to international policy circles, with Pirouz having been selected as a Young Global Leader by the World Economic Forum — a designation that places him among a cohort of executives and public figures operating across Iran's semi-permeable economic boundary. The firm's organizational footprint includes philanthropic separations through the Iran Heritage Foundation and the Iranian Business School initiative, though the capital and governance links between these entities and the parent company are not publicly detailed. Headcount and total assets under management remain undisclosed in any accessible filing or publication. What distinguishes IIDIC structurally is its dual identity as both a direct investor and a platform for operating franchises. This federated model allows it to maintain exposure to both Iran's closed-circle financial system and the entrepreneurial technology sector while insulating each vehicle's strategy from the others — a governance architecture that reflects the necessity of operating in a jurisdiction where foreign capital flows are constrained and domestic institutional investors are few.

## Sectors

- Financial Services
- Technology
- Enterprise Software

## People

- Rouzbeh Pirouz — Chairman of the Board

## Questions

### Who runs investment decisions at IIDIC?

Rouzbeh Pirouz serves as Chairman of the Board and is the central figure in IIDIC's governance. Investment decisions appear to be distributed across affiliated operating entities — notably Turquoise Partners for public-market strategies and Sarava Pars for private technology investments — each led by its own founder or managing partner. Specific internal decision-making committees or delegation authorities are not publicly disclosed.

### How does IIDIC source deal flow inside Iran?

The firm sources opportunities through its network of founder-led affiliates. Sarava Pars, the venture arm linked to Said Rahmani, built direct origination channels during Iran's internet growth phase, identifying founders in digital payments and e-commerce. IIDIC's proximity to Turquoise Partners also provides sourcing for listed securities on the Tehran Stock Exchange. This relationship-driven model is typical in a market where public deal data is limited.

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Last updated: 2026-08-11T02:43:31.692Z

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