Ordabasy Group

What Ordabasy Group does

Ordabasy Group is a privately held Kazakhstani industrial investment holding company founded in 1997 and headquartered in Almaty, with approximately $1 billion in assets under management deployed across 14 major projects and 25,000+ employees. The group operates as a multi-sector conglomerate with controlling or significant stakes in energy (Kazakhstan Kommunalnye Sistemy / KKS), metallurgy (YDD Corporation ferrosilicon), mining (gold, copper, nickel-cobalt, rare earths), real estate (Ordabasy Group Real Estate Fund), agriculture and aquaculture (Zharkent Fruit orchards, Caspian Sturgeon), and logistics (Industrial Zone Ordabasy in Shymkent). Ownership is concentrated in the Idrisov family, with Dinmukhamet Idrisov serving as Chairman of the Supervisory Board and Dinmukhamed Baizhanov as Chairman of the Management Board.

The group's flagship subsidiary KKS is a vertically integrated regulated energy utility controlling 33% of Kazakhstan's electricity generation market, 28% of transmission, 70% of heat supply, and 1,075 MW of installed electric capacity plus 2,771 Gcal/hour of thermal capacity, serving 1.3 million consumers across Karaganda, Turkestan, East Kazakhstan, and Mangystau regions. KKS operations are supported by SCADA grid management, ASCMES automated metering (which reduced energy losses from 20% to 10-10.5%), and Smart Grid infrastructure. YDD Corporation operates a TOP-5 globally ranked ferrosilicon (FeSi75) plant with 180,000 tons/year capacity, exporting to 37+ countries with fully automated production and 99.8% gas purification efficiency. The group also holds a real estate fund managing 25,987 sqm of leased commercial space and an Industrial Zone in Shymkent with 570-railcar capacity.

The business model combines regulated recurring utility revenues (KKS heat and electricity tariffs set by the Committee for Regulation of Natural Monopolies), transactional export revenue (ferrosilicon, agricultural products, future rare earths), and asset-level real estate leasing income. Distribution is sales-led and direct: KKS delivers utility services through regulated B2B and residential channels, YDD sells to global steel manufacturers via direct enterprise relationships, and mining and agriculture projects are at various stages of development and exploration. Strategic moves in 2025-2026 include a $40 million wind turbine factory JV with China's Envision Energy, a 134.6 billion tenge new energy block at Karaganda CHP-3 backed by Eurasian Development Bank, and the acquisition of FC Turan football club as a social initiative. KKS carries a BB- Fitch rating with stable outlook, and the group was ranked #13 on Forbes Kazakhstan's Top 50 Private Companies in 2021 with KKS revenue of 143.47 billion tenge.

Name

Ordabasy Group

Legal name

Ordabasy Group

Website

https://ordabasy.kz

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Diversified Industrial Investment Holding

NAICS

Support Activities for Mining (2131), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Services-Management Consulting Services (8742), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Plant Operations, Control & Optimization (Metallurgical Accounting, APC, Digital Twins) (IMAKALAJ)

akta.pro secondary industry

SCADA, Controls & Communications Integration (RTU, Fiber, Networking) (EUAEADAD)

Keywords

• Investment holding company
• Electricity generation utilities
• Ferrosilicon production
• Rare earth mining
• Commercial real estate leasing

Headquarters

HQ city

Almaty

HQ country

Kazakhstan

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Energy Generation, Transmission and Distribution: KКС generates and distributes electricity and heat through vertically integrated operations. The company holds significant market shares: 33% of Kazakhstan's electricity generation market, 28% of electricity transmission, 70% of heat supply, and serves 1.3 million consumers.
2. Real Estate Fund: Ordabasy Group Real Estate Fund established in 2019 manages commercial properties totaling 25,987 m² including 2 business centers in Almaty (6,993 m²) and commercial spaces in Karaganda and Shymkent (18,994 m²). All spaces are leased.
3. Agriculture - Fruit Production: Zharkent Fruit operates the largest intensive orchard in Kazakhstan with 1,100 hectares, producing over 30,000 tons annually of apples, cherries, peaches, plums, and pears.
4. Aquaculture - Sturgeon and Caviar: Caspian Sturgeon (UNKOPPA) is the largest CIS aquaculture complex for sturgeon breeding and black caviar production with 3,400 m³ basin capacity and up to 170 tons of biomass.
5. Ferrosilicon Production: YDD Corporation produces high-grade ferrosilicon (FeSi75) with 180,000 tons/year capacity, ranked TOP-5 globally. Exports to 37+ countries including Japan, South Korea, Europe, and Americas.
6. Rare Earth Metals - Kundybay: Rare earth metals mining project in Kostanay region with Category C2 reserves of 25,150 tons and Category P1 of 123,300 tons.
7. Industrial Zone - Logistics and Production: Large trade-logistics and manufacturing complex in Shymkent with 570 railway car capacity, container terminal for 200 units, and developed infrastructure.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Ordabasy Group is an industrial investment holding company that invests in strategic sectors of Kazakhstan's economy, including energy, metallurgy, mining, real estate, logistics and agriculture. It acquires controlling stakes in operating companies and provides financing, risk management and strategic guidance. Its portfolio includes the vertically integrated utility Kazakhstan Kommunalnye Sistemy (KKS), the TOP-5 global ferrosilicon producer YDD Corporation, intensive orchards, sturgeon aquaculture, rare earth and base metals mining projects, a commercial real estate fund, and an industrial logistics zone.

Product overview

Ordabasy Group is an industrial investment holding company operating diverse portfolio of businesses across energy, metallurgy, mining, real estate, agriculture, and sports. The portfolio includes vertically integrated energy operations through Kazakhstan Kommunalnye Sistemy (KKS), the TOP-5 ferroalloy plant YDD Corporation, Industrial Zone Ordabasy logistics complex, Real Estate Fund, sturgeon aquaculture Caspian Sturgeon, intensive orchard Zharkent Fruit, mining projects (Kundybay rare earths, Biryuk Altyn gold, Belogorskoye nickel-cobalt, AiKaraaul copper), and FC Turan sports club. These operate as independent business units under the holding company's investment management framework.

Differentiator

Problem solved

Functional benefit

Products and services

• Kazakhstan Kommunalnye Sistemy (KKS) Vertically integrated electricity and heat utility holding 33% of Kazakhstan's electricity generation market, 28% of transmission and 70% of heat supply, serving over 1.3 million consumers across four regions, with 36,000 km of power lines and 1,075 MW of installed electric capacity.
• YDD Corporation Karaganda Ferroalloy Plant Ferrosilicon (FeSi75) production facility ranked TOP-5 globally with 180,000 tonnes annual capacity, exporting to 37+ countries for use as a deoxidizing and alloying additive in steel, corrosion-resistant and heat-resistant steels, and applications in construction, automotive, aerospace and shipbuilding.
• Ordabasy Group Real Estate Fund Property investment fund managing 25,987 m² of fully leased commercial real estate, including two business centers in Almaty (6,993 m²) and commercial and administrative premises in Karaganda and Shymkent (18,994 m²), focused on energy efficiency, comfort and proactive management.
• Industrial Zone Ordabasy Large trade-logistics and manufacturing complex in Shymkent featuring railway tracks with capacity for 570 wagons, locomotives, a container terminal for 200 units, a bus fleet and developed infrastructure including 151 kW/h power, 7 artesian wells and 13,000 m³/h gas capacity.
• Caspian Sturgeon (UNKOPPA) Largest CIS aquaculture complex for sturgeon breeding, producing black caviar and commercial sturgeon meat, with 3,400 m³ of pool capacity housing up to 170 tonnes of biomass at a time.
• Zharkent Fruit Intensive orchard producing apples (630 ha), cherries (361 ha), peaches (66 ha) and plums (43 ha) totaling over 1,100 hectares, the largest intensive apple orchard in Kazakhstan with annual output exceeding 30,000 tonnes.
• Kundybay Rare Earth Metals Project Rare earth metals mining project in the Kostanay region with Category C2 reserves of 25,150 tonnes and Category P1 reserves of 123,300 tonnes, covering 32 km² at depths up to 40 metres.
• Biryuk Altyn Gold Mine Gold deposit in the Northern Pribalkhash region with a 56 km² area and expected reserves of 190 tonnes of gold and 7.4 million tonnes of copper, targeted for JORC resource certification through the ONERHT/RHT AlDigi partnership.
• Belogorskoye / Char Ultrabasic Belt Nickel-Cobalt Project Nickel and cobalt mining project in the Char area covering a 396 km² geological block, with 80% of ore at depths up to 50 m, average nickel content of 1.42% and cobalt content of 0.034%-0.070%, targeting an 85% nickel recovery rate.
• AiKaraaul / AK Minerals Copper Project Copper mining project in the Aisk-Karaaul area (225 km²) near Ayagoz with expected copper resources of 0.9-2.5 million tonnes, targeting JORC resource certification.

Quantifiable outcome

• 33% market share in Kazakhstan's electricity generation
• +6 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Global Olive CorporationminorStrategic or Co-development Partner · 1 February 2025Joint project for olive tree cultivation and olive oil production in Kazakhstan. Kazakhstani companies QVM Technology, Ordabasy Group, and Ervira with Georgian company Olive Georgia. First harvest expected in 5 years. Project cost $20 million, planned 100 hectares by end of 2025.
• Envision Energy (China)coreStrategic or Co-development Partner · 1 January 2025In 2025, KКС jointly with Envision Energy - global leader in renewable energy - began construction of a wind turbine and energy storage systems factory at SEZ 'Khorgos - Eastern Gates'. Investment of $40 million with 60% for domestic market and 40% for export to Central Asian and Caucasus countries.
• KBI EnergycoreStrategic or Co-development Partner · 1 January 2017Joint acquisition of controlling stake in Mangystau Regional Electric Grid Company (MREK). KКС holds 45.86% and KBI Energy holds 39.32% of shares.
• QVM TechnologyminorStrategic or Co-development PartnerKazakhstani partner in olive growing project together with Ordabasy Group, Ervira, and Olive Georgia.
• Olive GeorgiaminorStrategic or Co-development PartnerGeorgian partner providing expertise in olive cultivation for joint pilot project in Kazakhstan. Georgy Svanidze is President of International Olive Council.
• BRKminorOthersListed as partner in Ordabasy Group partner section.
• SberminorOthersListed as partner in Ordabasy Group partner section.
• Fitch RatingsminorOthersInternational rating agency that confirmed KКС BB- rating with Stable outlook. Assigns national long-term rating BBB+(kaz).
• AFRYminorImplementation/ SI/ Consulting PartnerEngineering and consulting firm listed as partner.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• China Hongqiao Group: Largest aluminum producer in China and a major global ferroalloy player. Comparable as a large-scale metallurgical commodity producer with vertical integration into power generation and bauxite/alumina, paralleling Ordabasy's energy-plus-metallurgy integration.
• Glencore: Global diversified mining and commodity trading major. Comparable as a diversified mining/metals conglomerate with industrial operations, trading capabilities, and broad geographic reach — represents the upper-end incumbent comparable for Ordabasy's diversified holding model.
• RUSAL: Global aluminum and ferroalloy producer headquartered in Russia. Broadly comparable as a major ferroalloy/metals producer serving steel and metallurgical customers, though focused on aluminum rather than ferrosilicon specifically.

Direct peers

• Elkem: Norwegian-headquartered global producer of ferrosilicon, silicon metal, and foundry alloys, owned by China National Bluestar. Direct competitor to YDD Corporation in global ferrosilicon markets with comparable scale and customer base in steel production.
• Samruk-Energy: Kazakhstan's national energy holding operating power generation, transmission, and renewable assets across the country. Closest direct peer for KKS given overlapping generation footprint, regulated utility model, and Kazakhstan-centric energy strategy.
• Eurasian Resources Group (ERG): Largest privately-held diversified natural resources group in Central Asia, operating in mining, metallurgy, energy, and logistics across Kazakhstan. Most direct peer given overlapping mining/metallurgy portfolio and family-controlled holding structure based in the same country.
• Ferroglobe: Global producer of ferrosilicon, silicon metal, and ferroalloys with plants across the Americas and Europe. Direct comparable to YDD Corporation given identical core product (FeSi75), global export orientation, and reliance on metallurgical end markets.

Regional players

• Polymetal International: Precious and base metals mining company with major operations in Russia and Kazakhstan. Comparable as a regional precious/base metals miner; overlaps with Ordabasy's gold (Biryuk Altyn) and copper (AiKaraaul) development projects from a strategic regional peer perspective.
• KAZATOMPROM: Kazakhstan's national uranium mining company and one of the largest uranium producers globally. Comparable as a Kazakhstani mining operator and strategic mineral resource developer with government alignment, though uranium rather than the diversified minerals in Ordabasy's portfolio.
• KazMunayGas: Kazakhstan's national oil and gas company and a major energy conglomerate. Comparable as a Kazakhstani state-linked integrated energy operator, though its core is upstream oil and gas while Ordabasy's energy operations are power and heat — they overlap at the MREK/oil-and-gas customer interface.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ordabasygroup
• Instagraminstagram.com/ordabasygroup?igsh=MThsYzd4dnNoZmxubA%3D%3D&utm_source=qr

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 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 Ordabasy Group