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TMGIC
TMGIC is a asset manager based in Tehran, founded 1992; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for...
TMGIC
TMGIC is an investment company headquartered in Tehran, Iran. It focuses on investments in the Middle East region.
General information
Firm type
Generalist
Year founded
1992
Location
Region
Middle East
Country
Iran
City
Tehran
Corporate office
No. 89, Shahid Khodami St., Vanak, Tehran, Iran
Additional offices
2 Nader Alley, After Dr Vali e Asr Avenue, Tehran, Iran
Principals
Hossein Modares Khiabani
CEO
Seyyed Ali Taghavi
Chairman
Sector focus
Frequently asked questions
Who runs investment decisions at TMGIC?
Hossein Modares Khiabani has served as CEO since February 2023. Seyyed Ali Taghavi serves as Chairman of the Board. Both roles carry executive oversight of TMGIC's investment activities, with strategic direction ultimately aligned via Bank Melli Iran's majority stake.
Is TMGIC structured as a sovereign vehicle or a private conglomerate?
TMGIC operates as a publicly listed conglomerate on the Tehran Stock Exchange while being majority-owned by Bank Melli Iran, a state-linked financial institution. This makes it a hybrid structure: publicly traded equity with concentrated state-bank control, not a sovereign wealth fund or fully private conglomerate.
What is the relationship between TMGIC and Bank Melli Iran?
Bank Melli Iran holds a majority stake in TMGIC, estimated at approximately 67.5% to 75% of shares. The Social Insurance Fund for Bank Employees and Hamyari Kowsar Institute hold smaller but significant stakes. This ownership structure embeds TMGIC within Bank Melli Iran's broader investment apparatus.
Does TMGIC invest outside Iran?
Based on available public record, TMGIC's disclosed operations and real asset holdings are concentrated domestically in Iran, with office properties in Tehran. Cross-border investment activity is not publicly documented.
Which sectors does TMGIC explicitly avoid?
TMGIC does not publicly list excluded sectors. Given its state-bank ownership, sanctions exposure, and Tehran Stock Exchange listing, the firm's investment universe is constrained by both Iranian regulatory frameworks and international sanctions regimes.
How does TMGIC source its investment opportunities?
TMGIC does not publicly detail a proprietary deal-sourcing model. Its affiliation with Bank Melli Iran and participation in Iran's industrial and trade associations suggest opportunities emerge through state-linked networks and public-market channels rather than competitive third-party origination.
Does TMGIC maintain any private equity or venture capital operations?
Public record does not identify standalone venture capital or private equity arms under TMGIC. The firm operates as a multi-sector holding and investment company, with exposure to industrial and infrastructure assets alongside its listed-equity portfolio.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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