GURIS Holding

What GURIS Holding does

GÜRİŞ HOLDİNG A.Ş. is a privately held Turkish conglomerate founded in 1958 by İdris Yamantürk and controlled by the Yamantürk family, headquartered in Gölbaşı, Ankara. The group operates more than 30 wholly owned affiliates and employs over 7,000 people across five core verticals: renewable energy generation, construction and engineering, industrial manufacturing, tourism, and healthcare services. Following the founder's death in February 2021, leadership transitioned to Tevfik Yamantürk as Chairman and Müşfik Hamdi Yamantürk as Deputy Chairman and General Manager.

The energy vertical is anchored by Mogan Enerji Yatırım Holding and GÜRMAT Elektrik, which together manage over 1,200 MW of installed renewable capacity across Turkey, Kosovo, Ukraine, and Belarus, including Turkey's largest geothermal portfolio at 260 MW (the Galip Hoca and EFE-series plants in Aydın/Germencik), a wind portfolio spanning Belen, Eolos, Olgu/Dinar, Derne (ex-Iberdrola), Ayvacık, İzdem, Ulu, Air Energy/KITKA, and Atik, plus hydroelectric plants such as Sarıkavak, Tahta, Çeşmebaşı, Pokut, Espiye, and Çermikler. Electricity is sold wholesale through BORDO ELEKTRİK. The construction arm, GÜRİŞ İNŞAAT VE MÜHENDİSLİK, delivers turnkey infrastructure projects (dams, power plants, harbors, tunnels, roads, rail systems, water and gas/petrochemical facilities) primarily through government tenders. Industrial manufacturing is concentrated in DÖKTAŞ (cast iron and aluminum castings, 160,000 tons/year capacity, ISO 500 rank 147th in 2024), PARSAN (steel forgings, ~80% exported to Europe), ASİL ÇELİK (steel), and GÜRİŞ İŞ MAKİNELERİ (construction machinery). Tourism is represented by the 628-room Mirage Park Resort in Kemer/Antalya, and healthcare by the 610-bed Kütahya City Hospital operated under a 25-year PPP concession that began serving patients in March 2024.

The group earns revenue through regulated wholesale electricity sales (energy tariffs), project-based EPC contracts (one-time), industrial component sales to domestic and export OEM customers (PARSAN, DÖKTAŞ), tourism occupancy at Mirage Park, and long-duration PPP availability payments for Kütahya Hospital. Recent capital markets activity includes a USD 380 million debut Eurobond issued by GÜRMAT in June 2026 with JP Morgan Securities as sole bookrunner, structured as project finance for further geothermal expansion. The conglomerate's stated reach covers Turkey, Kosovo, Ukraine, Belarus, Syria, Iraq, and North Cyprus, and it has completed over 100 turnkey projects since 1958.

Name

GURIS Holding

Legal name

GÜRİŞ HOLDİNG A.Ş.

Website

https://gurisholding.com.tr

Company type

Private

Founded year

1958

Operating status

Operating

Short description

GÜRİŞ HOLDİNG A.Ş. is a privately held Turkish conglomerate operating more than 30 affiliates across renewable energy generation (1,200+ MW), turnkey construction and engineering, industrial manufacturing, tourism, and healthcare PPP, serving government, wholesale energy, and industrial OEM customers.

Ownership category

akta.pro rank

Product category

Diversified Conglomerate

NAICS

Electric Power Generation, Transmission and Distribution (2211), Management of Companies and Enterprises (55), Hydroelectric Power Generation (221111)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ)

akta.pro secondary industries

Hydropower Turbines, Generators & Balance-of-Plant Equipment Manufacturing (EUAMAHAF), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD), Commissioning, Testing & Energization Services (Pre-Commissioning, Grid Code Compliance) (EUAMAFAK), Energy & Renewables Specialty Contracting (Solar PV, Storage, EV Charging) (IMAFALAJ), Temporary Construction Utilities & Logistics (Laydown Yards, Temporary Power, Transport) (EUAMAFAL), Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy generation
• Turnkey construction services
• Industrial casting manufacturing
• Geothermal power production
• Infrastructure engineering

Headquarters

HQ city

Çankaya

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Operations, Technology or R&D

Revenue model

1. Energy Generation and Sales: Electricity generation through diversified renewable energy portfolio including geothermal, wind, hydroelectric power plants and sales to wholesale and distribution companies
2. Construction and Engineering Services: Turnkey project delivery in construction sector including infrastructure, dams, power plants, tunnels, harbors, roads, buildings
3. Industrial Manufacturing: Manufacturing of cast iron, aluminum components, steel products, construction machinery through subsidiaries DÖKTAŞ, PARSAN, ASİL ÇELİK
4. Tourism and Hospitality: Hotel operations through Mirage Park Resort Hotel in Antalya with 628 rooms and 1296 bed capacity
5. Healthcare Services: Hospital operations through Kütahya City Hospital (PPP model) with 610 beds
6. Capital Markets Financing: Bond issuance and project finance transactions for infrastructure financing in Turkey

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

GURIS Holding is a diversified Turkish conglomerate operating renewable energy generation (geothermal, wind, hydroelectric power plants totaling over 1,200 MW), turnkey construction and engineering for infrastructure projects (dams, power plants, harbors, tunnels, highways), industrial manufacturing (cast iron, steel forgings, aluminum components for automotive and machinery), tourism (628-room Mirage Park Resort in Antalya), and healthcare services (610-bed Kütahya City Hospital under PPP). The group executes projects through 30+ affiliates and 7,000+ employees across Turkey, Kosovo, Ukraine, Belarus, Syria, Iraq, and North Cyprus.

Product overview

GURIS Holding is a diversified Turkish conglomerate founded in 1958, operating through three main divisions: (1) Energy — managed primarily through Mogan Enerji subsidiary with renewable power generation assets including geothermal (GÜRMAT), wind (Belen, Eolos, Olgu, Derne, Ayvacık, İzdem, Ulu, Air Energy), and hydroelectric (Sarıkavak, Tahta, Çeşmebaşı, Pokut, Espiye, Çermikler) plants totaling over 1,000 MW installed capacity across Turkey, Kosovo, and Ukraine; (2) Construction & Industry — including GÜRİŞ Construction and Engineering (turnkey infrastructure), DÖKTAŞ (casting/manufacturing), PARSAN (forging), GÜRİŞ Machinery, Asil Steel, and cement operations in Turkey and Syria; and (3) Services — including Mirage Park Resort Hotel (tourism) and Kütahya City Hospital (healthcare PPP). The portfolio spans 30+ affiliates with 7,000+ employees, executing 100+ turnkey projects domestically and internationally.

Differentiator

Problem solved

Functional benefit

Brands

• MIRAGE PARK RESORT: Tourism brand for the 628-room resort hotel in Kemer, Antalya with 1,296 bed capacity, operating 12 months a year
• MOGAN Enerji
• GÜRMAT Elektrik

Products and services

• Mogan Enerji Renewable Energy Portfolio Wholesale electricity generation through a diversified portfolio of geothermal, wind, and hydroelectric power plants serving Turkish grid operators and distribution companies. Combined installed capacity exceeds 1,000 MW across multiple sites.
• GURMAT Geothermal Power Plants Geothermal power generation through multiple plants (Galip Hoca 47.4 MW, EFE 1-8 ranging 22.5-50 MW) in Aydin province, totaling 260 MW installed capacity — Turkey's largest geothermal portfolio.
• GURIS Construction and Engineering Services Turnkey infrastructure project delivery covering dams, power plants, harbors, tunnels, roads, highways, rail systems, water treatment, and petrochemical installations for government and private sector clients across Turkey, Middle East, Central Asia, CIS, and North Africa.
• DÖKTAŞ Casting and Industry Products Cast iron (160,000 tons/year), aluminum castings (14,400 tons), and aluminum rims (1,440,000 units/year) supplied to automotive, construction machinery, agricultural machinery, and general industrial manufacturers.
• PARSAN Forged Steel Components Hot steel forgings including rear axle shafts, brake camshafts, front axle beams, steering knuckles, and universal joint forgings for commercial and agricultural vehicles. ~80% exported to European markets. ISO/TS 16949, ISO 9001, and ISO 14001 certified.
• Mirage Park Resort Hotel 628-room 5-star resort on 110,000 m² in Kemer, Antalya with 1,296 bed capacity, blue flag beach, multiple pools, sports facilities, 13 congress halls, operating year-round.
• Kütahya City Hospital (PPP) 610-bed public hospital operated under 25-year Public-Private Partnership concession. Includes 500-bed general hospital (145,000 m²) and 100-bed physical therapy/rehabilitation hospital (37,000 m²) with 900 personnel offering 18 different services.
• Bordo Electric Energy Wholesale Trading Wholesale purchase and trade of electrical energy in the Turkish market, supplying wholesale companies, free consumers, CNG distribution companies, transmission, and distribution companies.

Quantifiable outcome

• 260 MW geothermal installed capacity - largest in Turkey
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Five partnerships are on record, tiered core and flagship.

• White & CasecoreImplementation/ SI/ Consulting PartnerInternational law firm advising the issuer on the USD 380 million debut bond issuance
• GKC PartnerscoreImplementation/ SI/ Consulting PartnerLegal counsel advising the issuer on the geothermal bond issuance transaction
• Ergun Law FirmcoreImplementation/ SI/ Consulting PartnerLegal counsel representing the underwriter in the USD 380 million bond issuance
• Worldwide Leading Energy Technology CompaniescoreTechnology or IntegrationTechnical collaboration with world-leading companies for acquiring state-of-the-art technology in energy projects - enabling GÜRİŞ to develop own methodologies while accessing global best practices
• Iberdrola Renewable Energy Generation, Trade and Industry Ltd. Co.flagshipStrategic or Co-development PartnerGÜRİŞ acquired 100% shares of Iberdrola's Turkish subsidiary, obtaining licenses for 64 MW Kanije WPP (Edirne), 25.6 MW Zeliha WPP (Kırklareli), and 80 MW Fatma WPP (Muğla)

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Limak Holding: Turkish diversified conglomerate with major positions in energy (hydro and renewables), construction (infrastructure/EPC), airports and cement — the closest single comparator to GÜRİŞ's energy + construction + industry mix and Turkish IPP-led business model.
• Rönesans Holding: Turkish group operating across construction, real estate, healthcare PPP and energy — directly comparable to GÜRİŞ's turnkey EPC, PPP healthcare (Rönesans has hospital PPP contracts) and energy platform footprint.
• ENKA İnşaat: Turkey's largest publicly listed EPC contractor with power generation investments (natural gas and renewables) — directly comparable turnkey construction plus energy IPP business model and similar international project footprint.
• Çalık Holding: Diversified Turkish conglomerate active in energy (power generation, renewables), construction, textiles and finance — overlapping with GÜRİŞ on energy IPP and large-scale construction delivery.
• Sanko Holding: Turkish conglomerate with energy generation, textile manufacturing, construction materials and industrial production — overlapping with GÜRİŞ's energy + industry + diversified industrial manufacturing platform.
• Kalyon Group: Turkish group operating in energy (especially renewables including solar EPC), construction and infrastructure — directly comparable energy + construction EPC platform with similar Turkish IPP ambitions.
• Kolin Holding: Turkish construction and energy group with hydroelectric, road and infrastructure projects — overlaps directly with GÜRİŞ's HEPP portfolio and turnkey civil engineering business.
• Zorlu Holding: Turkish conglomerate with a prominent energy generation arm (Zorlu Enerji) operating geothermal, wind and solar assets — directly comparable renewable IPP portfolio and Turkish energy market exposure.
• IC Holding: Diversified Turkish group active in construction, energy, mining and industrial manufacturing — comparable diversified conglomerate mix with energy/infrastructure focus.
• Fernas Group: Turkish conglomerate active in construction, energy (power generation including renewables) and mining — closely comparable to GÜRİŞ on the energy + construction + industrial minerals trio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gurisholding

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries37 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GURIS Holding