Zamyad Company
Zamyad Company Public Joint Stock is a Tehran-based commercial-vehicle manufacturer controlled by SAIPA and listed on the Tehran Stock Exchange under the ticker خزامیا (Khezamiya). Founded in 1963, it produces pickups, trucks, buses, minibuses and vans. The company is relevant to fleet buyers, automotive suppliers and investors tracking Iran’s utility-vehicle and commercial transport market.
Operations & footprint
Products and services
Zamyad Company manufactures commercial vehicles, pickups, light trucks, and work-oriented automotive products, with activity tied to small-business transport, logistics users, agricultural and urban freight, fleet replacement, parts supply, and after-sales services. Its profile is more commercial-vehicle oriented than standard passenger-car manufacturers.
Operations and assets
The company operates 11 production lines for commercial-vehicle manufacturing.
Geographic footprint
Tehran, Iran.
Ownership & group structure
Ownership
SAIPA held a 38.60% stake as of 26 October 2023.
Parent company
SAIPA.
Reported scale
Employees: 2,000–3,200 employees as of 26 October 2023.
Commercial and investment relevance
In the Hormuz investment graph, Zamyad connects commercial mobility, SME logistics, agricultural distribution, parts suppliers, dealer networks, fleet replacement demand, and import-substitution pressure. It is useful for screening light commercial vehicle demand, aftermarket services, transport bottlenecks, rural and urban freight needs, and supplier opportunities around utility vehicles. Foreign-facing analysis should verify current production mix, platform dependencies, supplier exposure, pricing controls, sanctions constraints, product quality issues, and practical partnership feasibility before commercial use. For buyers and fleet operators, Zamyad is relevant as a domestic source of pickups and other commercial vehicles. Suppliers and partners should assess its fit within SAIPA-linked procurement and production networks.
Constraints, risk & compliance
Key risks and constraints
Commercial performance is tied to demand for utility and commercial vehicles and to the continuity of vehicle-production inputs and production lines.
Sanctions and compliance considerations
Transactions involving Zamyad and its SAIPA group relationship require sanctions and counterparty screening.
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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 does Zamyad Company manufacture?
Zamyad manufactures commercial vehicles, including Z24 pickups, trucks, buses, minibuses and vans.
Who owns Zamyad Company?
SAIPA is Zamyad’s parent company and held a stated 38.60% stake as of 26 October 2023.
Is Zamyad listed on a stock exchange?
Yes. Zamyad is listed on the Tehran Stock Exchange First Market under the ticker خزامیا (Khezamiya).
Where is Zamyad headquartered?
Zamyad is headquartered at Kilometre 15, Old Karaj Road, Tehran, Iran.