Iran Nara
Iran Nara is a privately held Iranian company, founded in 1979, that distributes, assembles, and services banking and office equipment (ATMs, POS terminals, passbook printers, cheque book dispensers) for major Iranian banks, government agencies, and private enterprises through a national network of 32 support offices and a domestic manufacturing facility.
- Company typePrivate
- Founded1979
- HeadquartersTehran, Iran
- Headcount501–1,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Iran Nara does
Iran Nara (ایران نارا) is an Iranian private-sector company founded in 1979 by Mashallah Hosseini that distributes, assembles, and services banking and office equipment. The company distributes ATMs (under license from Nautilus Hyosung of South Korea and GRG Banking of China), cheque book dispensers and personalization systems (Rototype, Italy), passbook printers (Compuprint, Italy), card personalization machines (Matica), POS terminals (NEXGO, China), cheque scanners, bank kiosks, computer equipment, and printers/MFPs. It also operates an 8,700 sqm manufacturing and assembly facility in Shahre Industrial City, 70 km west of Tehran, and claims the position of largest banking and office equipment distributor in Iran's private sector.
Iran Nara generates revenue primarily through hardware sales (banking equipment, office and computer equipment, POS terminals) and recurring after-sales service contracts that include maintenance, repair, and technical support delivered through a call center, online portal, and mobile applications. The company runs dedicated sales departments for each product range, each with its own sales manager and staff in constant contact with enterprise customers, and operates 32 authorized support offices across Iranian provinces under direct headquarters supervision. Proprietary operational systems include Six Sigma problem-solving methodology, a Supply Chain Management (SCM) system, a Voice of Customer (VOC) system, and a dedicated expert management system; engineering staff are capable of motherboard-level repairs including chips and capacitors.
The company's customer base is concentrated in the Iranian banking sector, with at least 13 named major banks including Mellat, Saderat, Sepah, Shahr, Gardeshgari, Bank Maskan, Dey, Keshavarzi, Post Bank, Refah, Tejarat, Tosee Taavon, and Sanat o Madan, alongside government organizations and private sector enterprises. Iran Nara holds Rank 1 IT services competency certification from Iran's Budget and Planning Organization in 11 service and production categories, an ICT activity license, and compatibility certifications from all active Iranian bank switching companies. The company employs 450 people, including 350 technical experts and 101 administrative and sales staff, and is privately held with no external institutional investment disclosed.
Iran Nara firmographics
Firmographics- Name
- Iran Nara
- Legal name
- Iran Nara (ایران نارا)
- Website
- https://irannara.com
- Company type
- Private
- Founded year
- 1979
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Iran Nara is a privately held Iranian company, founded in 1979, that distributes, assembles, and services banking and office equipment (ATMs, POS terminals, passbook printers, cheque book dispensers) for major Iranian banks, government agencies, and private enterprises through a national network of 32 support offices and a domestic manufacturing facility.
- Ownership category
- akta.pro rank
Iran Nara industry classification
Industry- Product category
- Banking Equipment Distribution and Services
- NAICS
- Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (423430), Office Equipment Merchant Wholesalers (42342), Computer and Peripheral Equipment Manufacturing (3341)
- SIC
- Wholesale-Professional & Commercial Equipment & Supplies (5040), Computer & Office Equipment (3570), Printing Trades Machinery & Equipment (3555)
- akta.pro primary industry
- Office Technology & Consumables Distribution (Printer Supplies, Toner, Paper) (CRAOALAG)
Keywords
Where Iran Nara is headquartered
LocationHeadquarters
- HQ city
- Tehran
- HQ country
- Iran
- HQ region
- Middle East
Offices4 records
Markets served
Iran Nara business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Marketing or Sales, Infrastructure, Technology or R&D
Revenue model
- Banking Equipment Distribution and Sales: Distribution and sale of banking equipment including ATMs, cheque book dispensers, POS terminals, passbook printers, card personalization machines, bank kiosks, and cheque scanners. Products sourced from international manufacturers including Nautilus Hyosung, GRG Banking, Rototype, Compuprint, Matica, and NEXGO.
- Office and Computer Equipment Sales: Sale of store products and computer equipment as part of the company's diversified product portfolio.
- After-Sales Service and Technical Support: Comprehensive technical support services including hardware and software maintenance, repair services (including motherboard-level repairs), and customer support through call center, online portal, and mobile applications.
- Domestic Manufacturing and Assembly: Local production and assembly of banking and office equipment at the company's factory in Shahre Industrial City, taking advantage of government benefits for domestic production over pure importation.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Iran Nara product offering
Product offeringCore offering
Iran Nara distributes and services banking and office equipment for the Iranian market, including ATMs, cheque book dispensers, POS terminals, passbook printers, card personalization systems, cheque scanners, computer equipment, and printers/MFPs. Products are sourced from international manufacturers (Nautilus Hyosung, GRG Banking, Rototype, Compuprint, Matica, NEXGO) and partially assembled locally at the company's factory in Shahre Industrial City. The company provides comprehensive after-sales technical support through 32 authorized service offices, a call center, online portal, and mobile applications, along with component-level (motherboard) repair capabilities.
Product overview
Iran Nara is a distributor and service provider of banking and office equipment in Iran, operating since 1979. The company distributes ATM machines (under license from Nautilus Hyosung of South Korea and GRG Banking of China), cheque book dispensers (Rototype, Italy), passbook printers (Compuprint, Italy), card personalization systems (Matica), cheque scanners, POS terminals, computer equipment, and printers/MFPs. The product portfolio spans banking automation equipment, retail point-of-sale systems, computer hardware, and printing solutions, supported by a nationwide network of 32 authorized service offices and a manufacturing facility in Shahr-e Hashtgerd industrial zone.
Differentiator
Problem solved
Functional benefit
Products and services
- Banking Products Banking equipment comprising ATMs, cheque book dispensers, passbook printers, card personalization systems, cheque scanners, and bank kiosks for Iranian banks and financial institutions. Products are sourced from international manufacturers and selectively assembled under license at Iran Nara's factory.
- Store Products (POS Terminals) Point of Sale (POS) terminals and cash registers for retail store operations, distributed and serviced by Iran Nara for retail businesses and stores across Iran.
- Computer Equipment Computer hardware and equipment for office and enterprise use, sold to government organizations, banks, and private sector enterprises as part of Iran Nara's diversified product range.
- Printer/MFP Equipment Printers and Multi-Function Peripherals (MFP) from multiple product lines (A1-Series, AM33Q, AM43A Plus, AM7600i Series, AP33Q, AP43Q Plus) distributed to enterprise customers in Iran.
- After-Sales Service and Technical Support Comprehensive technical support services including hardware and software maintenance, component-level (motherboard) repairs, and customer support delivered through 32 authorized support offices, a call center, online support portal, and dedicated Android/iOS mobile applications.
Quantifiable outcome
- Rank 1 IT services competency certificate from the Budget and Planning Organization in 11 service and production categories
- +2 more outcomes
Companies that use Iran Nara
Customer profileNamed customers15 records
Segments3 records
Ideal customer profiles3 records
Iran Nara technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Iran Nara partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Nautilus Hyosung (Korea)corePartnership for licensed production and distribution of Hyosung ATMs in Iran. Iran Nara produces ATMs under license from Nautilus Hyosung, a leading Korean manufacturer of banking equipment.
- GRG Banking (China)corePartnership for GRG Banking ATMs distribution and assembly in Iran. GRG Banking is a major Chinese ATM manufacturer.
- Rototype (Italy)corePartnership for Rototype cheque book dispensers and personalization systems. Rototype is an Italian manufacturer of document processing equipment.
- Compuprint (Italy)corePartnership for Compuprint passbook printers distribution and assembly. Compuprint is an Italian manufacturer of specialized printing equipment for banking applications.
- Matica SystemscorePartnership for Matica industrial card personalization machines. Matica manufactures card issuance and personalization systems for banking and identification applications.
- NEXGO (China)corePartnership for NEXGO EFTPOS and PC POS terminals. NEXGO is a Chinese manufacturer of point-of-sale payment terminals.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
Iran Nara competitors and assessment
Company assessmentDirect peers
- Glory Global Solutions: Provider of cash handling, recycling, and banking automation equipment with associated service offerings. Directly comparable to Iran Nara's banking equipment distribution, integration, and after-sales support model.
- NCR Atleos: ATM and banking self-service solutions provider spun off from NCR, offering hardware, software, and services to financial institutions worldwide. Direct comparable to Iran Nara's ATM hardware, services, and banking-channel business.
- Diebold Nixdorf: Global leader in ATMs, banking self-service, and integrated IT services for banks and retailers. Highly comparable to Iran Nara as an integrated banking equipment distributor and service provider, operating at far larger scale internationally.
Broad incumbents
- OKI Electric Industry: Japanese manufacturer of ATMs, POS terminals, and printers serving banking and retail customers globally. A broader incumbent whose ATM and POS product lines directly overlap with Iran Nara's portfolio.
- Nautilus Hyosung: South Korean ATM manufacturer and Iran Nara's licensing partner for ATM production. A larger, established player operating globally in the same product category with overlapping banking equipment capabilities.
- Matica Technologies: Global manufacturer of card issuance and personalization systems for banking and identification — Iran Nara's partner for Matica machines in Iran. Operates broadly in the same product niche with deeper international scale.
- GRG Banking: Major Chinese ATM manufacturer whose products Iran Nara distributes and assembles in Iran. A broader incumbent in the same product category with global reach and a complementary technology offering.
Emerging players
- Compuprint: Italian manufacturer of specialized passbook and transaction printers used in banking applications, partnered with Iran Nara. Overlaps directly with Iran Nara's passbook printer distribution and assembly offering.
- Rototype: Italian manufacturer of cheque book dispensers and document processing equipment, partnered with Iran Nara for the Iranian market. Comparable as a niche product-line manufacturer serving the same banking use cases.
- NEXGO: Chinese manufacturer of EFTPOS and PC POS terminals and Iran Nara's POS partner. A fast-growing emerging player with overlapping POS product capabilities targeting global payment markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Iran Nara social profiles
Digital presenceIran Nara compliance and trust
Trust signalCompliance2 records
Iran Nara financial estimates
Financial estimateRevenue estimate
Valuation estimate
Iran Nara leadership team
Management profileNumber of profiles
Profiles1 record
Iran Nara funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Iran Nara M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Iran Nara
What does Iran Nara do?
Iran Nara distributes and services banking and office equipment for the Iranian market, including ATMs, cheque book dispensers, POS terminals, passbook printers, card personalization systems, cheque scanners, computer equipment, and printers/MFPs. Products are sourced from international manufacturers (Nautilus Hyosung, GRG Banking, Rototype, Compuprint, Matica, NEXGO) and partially assembled locally at the company's factory in Shahre Industrial City. The company provides comprehensive after-sales technical support through 32 authorized service offices, a call center, online portal, and mobile applications, along with component-level (motherboard) repair capabilities.
Is Iran Nara a public or private company?
Iran Nara is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Iran Nara founded?
Iran Nara was founded in 1979. It employs 501 to 1,000 people.
Where is Iran Nara based?
Iran Nara is headquartered in Tehran, Iran, in the Middle East region.
How does Iran Nara make money?
Four revenue lines are on record. Banking Equipment Distribution and Sales are the primary driver. The others are office and Computer Equipment Sales, after-Sales Service and Technical Support and domestic Manufacturing and Assembly.
Who are Iran Nara's main competitors?
Direct peers on record are Glory Global Solutions, NCR Atleos and Diebold Nixdorf. Broad incumbents are OKI Electric Industry, Nautilus Hyosung, Matica Technologies and GRG Banking. Emerging players are Compuprint, Rototype and NEXGO.
Does Iran Nara have an API?
No public API is recorded for Iran Nara.
What industry is Iran Nara in?
Iran Nara's product category is Banking Equipment Distribution and Services. Its primary akta.pro industry code is CRAOALAG, Office Technology & Consumables Distribution (Printer Supplies, Toner, Paper). Its NAICS code is 423430 and its SIC code is 5040.