Tejarat Investment and Construction Company

What Tejarat Investment and Construction Company does

Tejarat Investment and Construction Company (TICC) is an Iranian private joint stock company established in 1985 as the specialized construction and investment arm of Bank Tejarat (بانک تجارت), one of Iran's largest state-owned commercial banks. The company executes bank branch construction, residential complexes, commercial and mixed-use buildings, and civil engineering works across Iran, with active projects spanning at least ten provinces. TICC operates as a vertically integrated holding company: wholly-owned subsidiaries cover cement production (Mehrin Cement), stone processing (Abadis Stone), construction management (Trade Construction Management Company), capital market services (Kardan Capital), real estate development (Pardis Golestan), and tourism and hospitality (Ahuwan). The company manages 17 buildings under security and maintenance services and, as of the latest reporting period, is operating 27 active construction projects — up from 3 projects 27 months earlier. The company is ranked 6th nationally in the engineering and construction sector in the 28th IMI-100 ranking of Iran's top 100 companies, has operated continuously for over 40 years, and is led by Managing Director Dr. Amir Kouhi.

Revenue is generated through competitive public tendering (مناقصه عمومی) for construction projects and direct contracting with Bank Tejarat, with 28–43 contractors typically participating in major tenders per source documentation. Recent disclosed financials show 546% year-over-year operating revenue growth and 124% year-over-year net profit growth in the fiscal year ending November 2024, alongside a 4x capital increase from 3,000 to 12,000 billion Rials approved at the annual general meeting. The company's go-to-market is enterprise field sales: direct engagement through government and institutional channels targeting banking-sector infrastructure, residential, commercial, and mixed-use developments nationwide, supplemented by ongoing public procurement notices for contractors and suppliers.

TICC has developed a proprietary project management platform called 'Binaqs' (بیناقس, also transliterated Binax) designed to provide real-time on-site project monitoring, continuous progress tracking, schedule control, resource management, and performance evaluation across the project portfolio. The company also holds legal membership in the Tehran Province Building Engineering Organization and the Employers' Union of Large-Scale Builders of Tehran Province — credentials described in source material as rare, available only to a limited number of construction companies. The company has signed a cooperation MOU with Bank Tose'e Mellat (بانک توسعه ملی) for joint construction projects, signaling an intent to diversify client concentration beyond the Bank Tejarat parent.

Name

Tejarat Investment and Construction Company

Legal name

Tejarat Investment and Construction Company (TICC) (شرکت سرمایه‌گذاری و ساختمانی تجارت - سهامی خاص)

Website

https://ticc.ir

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Tejarat Investment and Construction Company (TICC) is a Tehran-based construction holding company and wholly-owned subsidiary of Bank Tejarat that executes bank branch construction, residential complexes, and commercial real estate development across Iran through competitive public tendering and direct institutional contracting.

Ownership category

akta.pro rank

Product category

Engineering and Construction Services

NAICS

Commercial and Institutional Building Construction (23622), Nonresidential Building Construction (2362)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Services-Engineering Services (8711)

akta.pro industry

PRIMARYIMAFACAA

Office & Corporate Building Construction

Industrials, Manufacturing & Construction/Construction & Civil Engineering/Commercial & Institutional Building Construction

SECONDARYBPAHAIAA

Civil & Structural Engineering Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Engineering & Technical Consulting

Keywords

• Construction services
• Real estate development
• Civil engineering projects
• Investment holding company
• Bank construction arm

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction & Development Services: TICC generates revenue through large-scale construction and real estate development projects for Bank Tejarat and third parties, including construction of bank branches, residential complexes, commercial buildings, and civil works. Revenue is project-based and earned through competitive tendering and direct contracting. Additional revenue streams include hotel and hospitality operations (via subsidiary Ahuwan), cement production (via Mehrin Cement), stone processing (via Abadis Stone), and travel/tourism services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Tejarat Investment and Construction Company (TICC) is a private construction and investment firm that operates as the specialized construction arm of Bank Tejarat. The company executes large-scale civil engineering, residential, commercial, and bank branch construction projects across Iran through competitive public tendering. It also operates subsidiaries spanning cement production, stone processing, tourism/hospitality, capital investment, and real estate development.

Product overview

Tejarat Investment and Construction Company (TICC) is an investment and construction holding company operating as a specialized arm of Bank Tejarat. The company manages a portfolio of construction projects (residential, commercial, and bank branches) and operates multiple subsidiaries including Trade Construction Management Company (TCM), Mehriz Cement Trade Company, Ahavan Travel/Tourism Company, Abadis Stone Trade Company, Kardan Capital, and Pardis Golestan Trade Company. TICC recently launched the 'بیناکس' (Binax) project management system for internal project monitoring and oversight. The company is transitioning from 3 projects to 27 active projects over 27 months, demonstrating rapid growth in its construction project portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• BinaaX (بیناکس): Project management system developed by TICC for monitoring and overseeing construction projects in real-time, designed to increase transparency and integration of control processes.

Quantifiable outcome

• 27 active projects (up from 3) in 27 months
• +4 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Managing Construction of Tejarat (TCM) (شرکت مدیریت ساخت تجارت)coreStrategic or Co-development PartnerA wholly-owned subsidiary of TICC providing construction management services. Operates as a specialized construction management entity within the TICC group, handling project execution oversight and contractor coordination.
• Cement Tajrat Mehrin (سیمان تجارت مهریز)coreStrategic or Co-development PartnerA subsidiary producing cement, providing upstream supply chain integration for construction projects within the TICC group.
• Abadis Stone Tejarat (آبادیس سنگ تجارت)minorStrategic or Co-development PartnerA stone processing subsidiary providing construction materials within the TICC group.
• Ahuwan Travel, Tourism and Pilgrimage Services (خدمات مسافرت هوایی، جهانگردی و زیارتی آهوان)minorStrategic or Co-development PartnerA subsidiary providing travel, tourism, and pilgrimage services. Operates hotels and hospitality facilities including Ahuwan Chaboeksar eco-lodge. Generated 154% of revenue budget in Summer 1404.
• Pardis Golestan Tejarat (پردیس گلستان تجارت)minorStrategic or Co-development PartnerA real estate development subsidiary operating the Golzar Yosoufabad project in Tehran. In process of capital increase and IPO preparation.
• Tamin Capital Kardan (تامین سرمایه کاردان)minorStrategic or Co-development PartnerA subsidiary providing capital market and investment services.
• Bank Tose'e Mellat (بانک توسعه ملی)minorStrategic or Co-development PartnerA memorandum of understanding (MoU) was signed between TICC and Bank Tose'e Mellat for cooperation in construction and development projects.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Boland Payeh Company: Iranian construction and industrial firm active in civil engineering and infrastructure. Comparable as a domestic peer operating in similar building and heavy construction categories.
• Sazeh Consultants Engineering Company: Iranian engineering consultancy providing design and project management services across building and infrastructure sectors. Comparable as a domestic peer offering overlapping engineering and construction management capabilities.
• Moshanir Power Engineering Company: Iranian engineering firm providing EPC services in power and infrastructure. Comparable as a domestic peer operating in similar civil/industrial construction and engineering consulting space.
• Toossar Consulting Engineers: Iranian engineering consultancy delivering design, supervision, and project management services across civil and industrial projects. Comparable as a peer in construction management and engineering consulting.
• Kayson Construction Company: One of Iran's largest privately-held general construction contractors executing commercial, residential, and infrastructure projects. Directly comparable as a large-scale Iranian general contractor competing for similar institutional and government tenders.
• Farab Co: Major Iranian engineering and construction firm active in water, energy, and industrial projects. Comparable as a domestic peer executing large-scale civil and industrial construction work with strong institutional client base.

Regional players

• Khatib & Alami: Leading Middle East engineering consultancy executing large-scale building, infrastructure, and development projects across the Gulf. Comparable as a regional peer offering engineering and project management services to institutional clients, though serving a different geography.

Broad incumbents

• MAPNA Group: Iranian industrial conglomerate with significant construction and EPC operations in power and infrastructure. Comparable as a broad incumbent in the same engineering and construction sector where TICC competes.
• Khatam al-Anbiya Construction Headquarters: Iran's largest state-affiliated general contractor executing mega-scale industrial, civil, and infrastructure projects. Comparable as the dominant incumbent in the same engineering and construction category where TICC ranks 6th in IMI-100.
• Egis Group: Global engineering and construction services firm operating across infrastructure, buildings, and project management. Comparable as a broad incumbent in engineering and project management consulting, relevant to TICC's Binaqs-enabled construction management offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ticc-ir

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries8 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 Tejarat Investment and Construction Company