Element Holdings
Element Holding is a Georgian privately held construction holding company headquartered in Tbilisi that aggregates more than ten operating subsidiaries delivering industrial, civil, hydrotechnical, MEP, flooring, fit-out, materials, equipment-rental, and training services to enterprise clients across Georgia and Uzbekistan.
- Company typePrivate
- Founded2007
- HeadquartersTbilisi, Georgia
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Element Holdings does
Element Holding is a Georgian privately held construction holding company headquartered in Tbilisi that aggregates more than ten operating subsidiaries across the construction-services value chain. Its subsidiaries deliver industrial, civil, and hydrotechnical construction (Element Construction), industrial and decorative flooring technologies (ALL-P GROUP), BIM-enabled MEP engineering (ZERONE), construction materials import (TFOX), design and premium fit-out (Element Fit-out), precast concrete and metal-structure fabrication (ELCRETE, ALL-P METAL), construction equipment rental (Spec Rent), occupational-safety and quality-control consulting (EFS), decorative concrete products (GIANELLI), and dry-mixture manufacturing (FORMULA). The holding also operates the Element Holding Training Academy, providing vocational programs in reinforcement, formwork, masonry, industrial flooring, and waterproofing. Geographically, Element Holding operates in Georgia and, since 2022, in Uzbekistan via a partnership with Beltera Holding covering ALL-P GROUP, Element Construction, ZERONE, Element Fit-out, and EFS.
The business model is project-based B2B services and product sales across multiple verticals. Direct enterprise sales dominate, supplemented by subsidiary-operated warehouse and showroom facilities (e.g., TFOX) and international distribution agreements (Spec Rent for Italian equipment maker Condor across Georgia, Armenia, Azerbaijan, and Uzbekistan; ZERONE as the Georgian representative for U.S. building-automation vendor Tridium). Pricing is not publicly disclosed and is delivered through subsidiary-level quotation. Certification posture includes ISO 9001:2015 and ISO 45001:2018 at Element Construction, UN Global Compact membership, and the GOLDEN BRAND (2023) and Corporate Sustainability Award (2025).
The holding is led by Managing Partners Levan Beradze (founder of first subsidiary ALL-P GROUP in 2007) and Paata Chitorelidze, Director Giorgi Beradze, and General Director Zakro Ebelashvili (since 2022). Recent strategic activity centers on Uzbekistan market entry, the 2025 launch of Element Fit-out, and a GIZ-co-funded Eurocode training initiative with ICCA, SEAG, and GCMC that positions Element Holding within Georgian standards-setting and EU alignment work.
Element Holdings firmographics
Firmographics- Name
- Element Holdings
- Legal name
- Element Holding
- Website
- https://elementholding.ge
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Element Holding is a Georgian privately held construction holding company headquartered in Tbilisi that aggregates more than ten operating subsidiaries delivering industrial, civil, hydrotechnical, MEP, flooring, fit-out, materials, equipment-rental, and training services to enterprise clients across Georgia and Uzbekistan.
- Ownership category
- akta.pro rank
Element Holdings industry classification
Industry- Product category
- Construction Services
- NAICS
- Fabricated Structural Metal Manufacturing (332312), Industrial Building Construction (23621), Structural Steel and Precast Concrete Contractors (238120), Commercial and Institutional Building Construction (236220), Construction Machinery Manufacturing (333120)
- SIC
- Fabricated Structural Metal Products (3440), Construction, Mining & Materials Handling Machinery & Equip (3530), Concrete Products, Except Block & Brick (3272)
- akta.pro primary industry
- Construction Management (Agency/Owner’s Rep) (IMAFAAAC)
- akta.pro secondary industries
- Architectural & Miscellaneous Metals (Stairs, Railings, Ladders) (IMADACAE), Concrete, Cement & Aggregates Retail (Bagged Mix, Sand, Gravel) (CRAIAEAG)
Keywords
Where Element Holdings is headquartered
LocationHeadquarters
- HQ city
- Tbilisi
- HQ country
- Georgia
- HQ region
- Asia
Offices4 records
Markets served
Element Holdings business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Construction Services: Industrial, hydraulic, and civil construction services through Element Construction subsidiary
- Flooring Technologies: Industrial and decorative floor installation, waterproofing, renovation works through ALL-P GROUP
- MEP Engineering Services: Design and installation of MEP engineering systems through ZERONE subsidiary
- Construction Materials Sales: Import and sale of construction materials and equipment through TFOX subsidiary
- Equipment Rental: Rental and maintenance of construction machinery and equipment through Spec Rent subsidiary
- Dry Mixes Production: Production and sale of adhesive, plaster and dry mixtures through Formula subsidiary
- Metal Structures Manufacturing: Steel structure fabrication and installation through ALL-P METAL subsidiary
- Fit-out Services: Architectural design, interior design and premium fit-out works through Element Fit-out subsidiary (established 2025)
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Element Holdings product offering
Product offeringCore offering
Element Holdings is a Georgian construction holding company that operates through more than 10 subsidiary companies delivering industrial, hydrotechnical, and civil construction services. The portfolio includes flooring technologies, MEP engineering with BIM, construction materials import, precast concrete and metal structure fabrication, equipment rental, dry-mix manufacturing, decorative concrete products, and architectural/fit-out works, primarily serving enterprise clients and project developers in Georgia and Uzbekistan.
Product overview
Element Holdings operates as a Georgian construction holding company that unites more than 10 subsidiary companies across the construction sector value chain. The portfolio includes flooring technologies (ALL-P GROUP), industrial/hydrotechnical/civil construction (Element Construction), MEP engineering systems with BIM technology (ZERONE), construction materials importing (TFOX), fit-out services (Element Fit-out), precast concrete and metal structures (ELCRETE, ALL-P METAL), equipment rental (SPEC RENT), occupational safety and quality consulting (EFS), decorative concrete products (GIANELLI), and dry mixture manufacturing (FORMULA). Additionally, the holding operates a Training Academy providing vocational education for the construction industry. The subsidiaries offer both full-service and specialized construction solutions, with some operating internationally in Uzbekistan.
Differentiator
Problem solved
Functional benefit
Brands
- Element Holding Training Academy: Vocational education institution offering specialized programs for the construction industry including reinforcement works, formwork installation, masonry, industrial flooring, and waterproofing systems training.
Products and services
- Element Construction Industrial, hydrotechnical, and civil construction services including design and fit-out works for enterprise clients and project developers. Holds ISO 45001:2018 and ISO 9001:2015 certifications and is a member of the UN Global Compact.
- ALL-P GROUP Flooring Services Flooring technology services including renovation works, industrial and decorative floor installation, waterproofing, screed flooring, and private residence construction for industrial, commercial, and residential clients.
- ZERONE MEP Engineering Services Design and installation of Mechanical, Electrical, and Plumbing (MEP) engineering systems using BIM technology for construction and engineering projects.
- TFOX Construction Materials and Equipment Supply Import and distribution of construction materials and equipment including sandwich panels, paints, thermal and waterproofing materials, and construction machinery from brands such as SFS, OSCAR, WEBER, SEKIZLI, TUNA, ASSAN PANEL, and ASYA DOKUM.
- Element Fit-out Full-service architectural design, interior design, and high-quality renovation and premium fit-out works for residential, hospitality, and commercial spaces.
- ELCRETE Precast Concrete and Metal Structures Design, production, and installation of precast reinforced concrete structures and metal constructions for construction projects.
- SPEC RENT Equipment Rental Rental and maintenance services for construction machinery, equipment, and inventory for construction companies and contractors.
- EFS Experts for Solutions Consulting Consulting services in occupational health, occupational safety, environmental protection, construction quality control and supervision, geodesy, and energy auditing for construction and industrial clients.
- GIANELLI Decorative Concrete Products Manufacturing of facade elements, urban furniture, stairs, tiles, and decorative items using concrete and fiber-reinforced concrete, including products made from recycled eco-friendly materials.
- ALL-P METAL Steel Fabrication Manufacturing and installation of metal structures including bridge cranes, sandwich panels, and custom metal molds for industrial and construction clients.
- FORMULA Dry Mixtures Production Production and sale of high-quality dry construction mixtures including adhesives, plasters, and self-leveling floor products equipped with modern laboratory capabilities.
Quantifiable outcome
- Number one industrial construction company in Georgia
- +1 more outcomes
Companies that use Element Holdings
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Element Holdings technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Element Holdings partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and minor.
- GIZ (German Development Cooperation)corePartnership with GIZ for Eurocode training project 'Advancing Eurocode Know-how for Industry Growth in Georgia'. Project trains 25 structural engineers from 15 companies with both theoretical and practical components. Also includes translation and adaptation of Eurocodes (0, 1, 2, 8) training materials.
- Beltera HoldingcoreLocal partner in Uzbekistan for Element Holding subsidiaries including ALL-P GROUP, Element Construction, ZERONE, and Element FIT-OUT. Enables successful market operations in Uzbekistan.
- USAIDcorePartnership for construction sector and country economy development through economic governance program
- CondorminorSpec Rent became official representative of Italian company Condor in Georgia, Armenia, Azerbaijan and Uzbekistan for construction equipment
- ICCA (Infrastructure Construction Companies Association)corePartner in Eurocode reform initiative, working together on construction sector standards development and training programs
- SEAG (Structural Engineers Association of Georgia)corePartner in Eurocode training project, contributing to construction sector standards development
- GCMC (Georgian Construction Materials Cluster)corePartner in Eurocode initiative, supporting construction industry development
- Enterprise GeorgiaminorEnterprise Georgia supports expansion of ALL-P METAL existing enterprise on 11,000 square meters area
- UN Global CompactcoreElement Construction is a member of UN Global Compact, the world's largest corporate sustainability initiative
- Sales Association of UzbekistanminorOrganized 'Georgia-Uzbekistan: The Silk Road' business conference on October 8-9 featuring Element Holding subsidiaries
Scale indicators5 records
Recent moves11 records
Expansion highlights6 records
Element Holdings competitors and assessment
Company assessmentEmerging players
- TAV Construction: Construction arm of TAV Airports Holding, executing airport terminals, industrial facilities, and infrastructure projects internationally including in CIS and Middle East. Comparable as a specialized construction subsidiary within a larger holding structure executing complex international projects.
Direct peers
- MNG Holding: Turkish conglomerate with construction, energy, mining, and logistics operations including significant overseas project execution in CIS and African markets. Comparable as a diversified holding with construction as a core business segment pursuing international expansion.
- Kolin Construction: Turkish construction group active in infrastructure, energy, industrial facilities, and real estate across Turkey and international markets. Comparable as a vertically integrated contractor with industrial construction capabilities and overseas project execution experience.
- Polimeks İnşaat: Turkish construction firm specializing in large-scale industrial, energy, and infrastructure projects particularly across CIS countries (Turkmenistan, Kazakhstan, Russia). Comparable as a regional contractor executing industrial and infrastructure projects in former Soviet markets.
- Limak Construction: Turkish construction holding group executing airports, ports, highways, industrial facilities, and buildings internationally. Comparable as a multi-subsidiary construction platform delivering complex industrial and infrastructure projects across multiple geographies.
- ENKA İnşaat: Turkish EPC contractor with extensive operations across Turkey, Central Asia, the Middle East, and CIS countries. Comparable as an international construction services provider expanding into emerging markets with diversified service offerings including industrial, civil, and infrastructure construction.
- Ronesans Holding: Turkish diversified holding company with construction, real estate, energy, and healthcare operations including substantial presence in CIS and Central Asian markets. Comparable as a multi-subsidiary construction-led holding pursuing cross-border expansion from a regional base.
- Ant Yapı: Turkish general contractor delivering industrial, commercial, residential, and infrastructure projects internationally including in Russia, CIS, and Central Asia. Comparable as a regional construction firm executing large-scale industrial and civil projects in emerging markets.
Regional players
- Akkord Industry Construction Investment Corporation: Azerbaijani construction holding company executing industrial, civil, infrastructure, and energy projects across the Caucasus, CIS, and Central Asia. Comparable as a regionally focused construction holding from a neighboring Caucasus market with similar industrial and infrastructure project profile.
Broad incumbents
- Heidelberg Materials: Global building materials group with cement, aggregates, and ready-mix concrete operations including active presence in Georgia through HeidelbergCement Georgia. Comparable as a major industry incumbent operating in the same Georgian market with overlapping construction materials and concrete products activities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Element Holdings social profiles
Digital presenceElement Holdings compliance and trust
Trust signalCompliance3 records
Element Holdings financial estimates
Financial estimateRevenue estimate
Valuation estimate
Element Holdings leadership team
Management profileNumber of profiles
Profiles4 records
Element Holdings subsidiaries and ownership
Company hierarchySubsidiaries11 records
Element Holdings funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Element Holdings 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 Element Holdings
What does Element Holdings do?
Element Holdings is a Georgian construction holding company that operates through more than 10 subsidiary companies delivering industrial, hydrotechnical, and civil construction services. The portfolio includes flooring technologies, MEP engineering with BIM, construction materials import, precast concrete and metal structure fabrication, equipment rental, dry-mix manufacturing, decorative concrete products, and architectural/fit-out works, primarily serving enterprise clients and project developers in Georgia and Uzbekistan.
Is Element Holdings a public or private company?
Element Holdings is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Element Holdings founded?
Element Holdings was founded in 2007. It employs 501 to 1,000 people.
Where is Element Holdings based?
Element Holdings is headquartered in Tbilisi, Georgia, in the Asia region.
How does Element Holdings make money?
Eight revenue lines are on record. Construction Services are the primary driver. The others are flooring Technologies, MEP Engineering Services, construction Materials Sales, equipment Rental, dry Mixes Production, metal Structures Manufacturing and fit-out Services.
Who are Element Holdings's main competitors?
TAV Construction is listed as an emerging player. Direct peers are MNG Holding, Kolin Construction, Polimeks İnşaat, Limak Construction, ENKA İnşaat, Ronesans Holding and Ant Yapı. Akkord Industry Construction Investment Corporation is listed as a regional player. Heidelberg Materials is listed as a broad incumbent.
Does Element Holdings have an API?
No public API is recorded for Element Holdings.
What industry is Element Holdings in?
Element Holdings's product category is Construction Services. Its primary akta.pro industry code is IMAFAAAC, Construction Management (Agency/Owner’s Rep), with a secondary code of IMADACAE, Architectural & Miscellaneous Metals (Stairs, Railings, Ladders). Its NAICS code is 332312 and its SIC code is 3440.