Industry and Mine Investment Company
Industry and Trade Development Investment Company Public Joint Stock Company is a Tehran-based investment holding company listed on the Tehran Stock Exchange as Vsanat (وصنعت). Controlled by Iran Industrial Development Investment Group, it manages interests in more than 20 investee companies, providing investors and counterparties exposure to a diversified Iranian corporate-investment portfolio.
Market position
A Tehran Stock Exchange-listed investment company with holdings in more than 20 investee companies. It was privatized in 2017 after operating as an investment subsidiary of Bank of Industry and Mine.
Operations & footprint
Products and services
Industry and Trade Development Investment Company manages a diversified portfolio of securities, investment-fund units, debt instruments, bank deposits, precious-metal certificates, physical assets, real estate, construction projects, and selected productive businesses. Its activities include buying and selling listed investments, asset allocation, portfolio restructuring, investment analysis, participation in capital increases, ownership of strategic or financial stakes in industrial and service companies, subsidiary governance, and investment in production, financial services, emerging businesses, and financial technologies.
Operations and assets
The company allocates capital through equity interests in investee businesses. Historical holdings have included Chemical Industries of Iran, Glucosan, Niroo Chlor, Pars Tile and Industry and Mine Leasing. Registered capital was IRR 34,000 billion as of 29 July 2024.
Geographic footprint
Tehran, Iran.
Ownership & group structure
Ownership
Iran Industrial Development Investment Group (IIIC; وتوصا) held a 51% stake as of 29 July 2024. Mehr Ayandegan Financial Development Group held approximately 16.3%.
Parent company
Iran Industrial Development Investment Group (IIIC; وتوصا).
Commercial and investment relevance
The company is relevant for investors assessing diversified listed investment companies, portfolio allocation across equities, funds, gold and debt instruments, industrial holdings, and holding-company discounts in Iran. Its historical relationship with Bank of Industry and Mine and current position within Industrial Development Investment Group are relevant to ownership and governance analysis. Due diligence should verify the latest net asset value, controlling shareholders, listed and unlisted portfolio composition, exposure to gold and investment funds, strategic versus non-controlling holdings, subsidiary structure, valuation methods, realized versus recurring earnings, leverage, receivables and liabilities, related-party transactions, market-making arrangements, asset-sale activity, dividend sustainability, sanctions exposure, liquidity of underlying investments, and the relationship between market capitalization and underlying portfolio value. The company is a potential capital-market counterparty and strategic shareholder for businesses seeking access to an Iranian listed investment platform. Its portfolio model also makes it relevant to transaction counterparties in industrial and financial-service assets.
Constraints, risk & compliance
Key risks and constraints
Investment performance is tied to the valuation, liquidity and concentration of its listed and unlisted portfolio holdings. Controlling ownership by IIIC is a material governance consideration for minority shareholders.
Need more than a public profile?
Ask Hormuz to investigate, verify or act locally around Industry and Mine Investment Company. Tell us exactly what you need.
Connected Intelligence
Relevant geography, industry, market and execution context for this profile.
Frequently asked questions
Direct answers to the questions most likely to arise when reviewing this profile.
What is Industry and Trade Development Investment Company?
It is a Tehran-based publicly listed investment holding company that manages interests in more than 20 investee companies.
What is the company’s stock-market symbol?
Its Tehran Stock Exchange symbol is وصنعت, transliterated as Vsanat.
Who controls Vsanat?
Iran Industrial Development Investment Group held a 51% stake as of 29 July 2024.
Was the company previously called Industry and Mine Investment Company?
Yes. The company adopted the name Industry and Trade Development Investment Company in 2018 while retaining the Vsanat trading symbol.