Namad Sanat Pars (NSP) Group

What Namad Sanat Pars (NSP) Group does

Namad Sanat Pars (NSP) Group is a privately held Iranian industrial holding company founded in 2005 and headquartered in Tehran, operating 30+ subsidiaries across six core verticals: mining contracting and production (iron ore concentrate at 3.5 million tons per year, pelletizing, DRI), non-mining contracting (oil and gas, refineries, petrochemicals, power, water desalination and treatment), copper (mining, heap and tank leaching with SX-EW for cathode production, export), food and agriculture (aquaculture, olive farming, food brands Penguin/Merosa/Marbra), polymers (biodegradable single-use products under the Amolon brand), and financial and investment services (asset management, insurance brokerage, cryptocurrency trading, venture investments). The group's industrial technology stack centers on EPC project execution for mineral processing and steel plants, in-house design and manufacture of 80+ mineral processing equipment variants via Fakoor Magnetics Espadana, localized pelletizing technology developed at an internal R&D center, and proprietary low-grade copper recovery through heap and tank leaching with solvent extraction and electrowinning at Novid Farayand Alborz. Supporting infrastructure includes multiple manufacturing sites in Qom, Isfahan, Kashan, Zarrin Shahr, Zarand, Saghand, Saveh, and Semnan Province, plus a 15 MW and a 1 MW solar power plant under construction.

The group makes money through six distinct revenue streams: EPC services (large multi-year industrial plant contracts recognized on percentage-of-completion), mining production and concentrate sales (iron ore and copper concentrates sold domestically and exported), industrial equipment manufacturing, food and agricultural product sales, biodegradable single-use products, and managed financial services. Pricing is project-based through competitive tenders or direct negotiation for EPC work, with mining and equipment products priced at commodity or cost-plus rates. Go-to-market is enterprise field sales driven by senior management relationships and participation in international mining exhibitions (Russia, Turkey), agro-food fairs (Agrofood Iran), and polymer shows (Iran Plasto). Customer concentration sits with major Iranian state-owned and private enterprises in mining, steel, oil and gas, and petrochemicals — including Gol Gohar, NICICO, Sangan Mining, Mobin/Siraf/Maroun/Gachsaran Petrochemicals, and Shahid Hasheminejad Gas Refining.

Name

Namad Sanat Pars (NSP) Group

Legal name

Namad Sanat Pars (NSP) Group

Website

https://namadsp.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Industrial EPC and Mining Services

NAICS

Management of Companies and Enterprises (551), Mining and Oil and Gas Field Machinery Manufacturing (33313)

SIC

Oil & Gas Field Services, Nec (1389), Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532)

akta.pro primary industry

Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM)

Keywords

• Mining EPC services
• Industrial plant construction
• Mineral processing equipment
• Iron ore pelletizing
• Copper cathode production

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EPC (Engineering, Procurement, Construction) Services: Large-scale industrial plant construction contracts including design, procurement, construction and commissioning for mining, steel, petrochemical, oil & gas, and water treatment projects. Revenue recognized on percentage-of-completion basis over project duration.
2. Mining Production and Concentrate Sales: Extraction and processing of iron ore and copper minerals producing concentrates (iron ore concentrate, copper concentrate, copper cathode). Annual production of approximately 3.5 million tons of iron ore concentrate. Products sold domestically and exported.
3. Industrial Equipment Manufacturing and Sales: Design, manufacture and supply of mineral processing equipment including crushers, mills, flotation cells, screens and conveyors. More than 80 different products manufactured.
4. Food and Agricultural Products: Production and sale of agricultural products including olives, aquaculture (shrimp, fish, sturgeon), crops, fruits and processed food products.
5. Bioplastic Single-Use Products: Manufacturing and sale of plant-based biodegradable single-use plastic alternatives including disposable containers and bags. Major producer in the Middle East region.
6. Financial and Investment Services: Asset management, investment fund management licensed by Securities Organization, insurance brokerage, cryptocurrency trading platform, venture capital investments in startups.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

NSP Group is a diversified Iranian industrial holding with 30+ subsidiaries that delivers engineering, procurement and construction (EPC) services for mining, steel, oil & gas, petrochemical, power and water projects; produces and sells iron ore concentrate, pellets, copper concentrate and copper cathode; manufactures mineral processing equipment; produces biodegradable single-use tableware; and offers food/agriculture products alongside financial services including insurance brokerage, investment fund management, and cryptocurrency trading.

Product overview

NSP Group is a diversified Iranian industrial conglomerate with operations spanning six core business areas: (1) Mining Contracting and Production — design, construction, and operation of large-scale industrial and mining systems including iron ore, concentrate, pellet, and sponge iron facilities; (2) Non-Mining Contracting — in oil and gas, refineries, petrochemicals, power plants, and water treatment; (3) Copper — exploration, extraction, processing, and export of copper concentrate and cathode; (4) Food and Agriculture — production and development across the food-agriculture value chain including aquaculture, horticulture, and livestock; (5) Polymers — production of bio-based single-use containers and packaging; and (6) Financial Services and Investment — asset management, insurance brokerage, cryptocurrency trading, and venture capital investment. The group comprises over 30 subsidiary companies including Fakoor Sanat Tehran (mining engineering), Fakoor Magnetics Espadana (mineral processing equipment), Tivo Energy (oil and gas EPC), MSV Co (industrial project execution), Mes Kavan Namad (copper mining), Novid Farayand Alborz (copper cathode SX-EW), Kimiya System Zomrod Iraninan (bioplastic packaging under Amlon brand), and Namad Farayand Alma (food and agriculture).

Differentiator

Problem solved

Functional benefit

Brands

• Amolon: Biodegradable single-use tableware brand produced by Kimia System Zomorod Irananian, claimed to be the largest producer in the Middle East
• Penguin
• Merosa
• Marbra

Products and services

• Industrial EPC Services

Quantifiable outcome

• 3.5 million tons annual iron ore concentrate production capacity
• +3 more outcomes

Named customers12 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

Seven partnerships are on record, tiered core and minor.

• Oil Qeshm Investment CompanycoreStrategic or Co-development Partner · 1 April 2025Qeshm Oil Terminal storage tank construction project completed and delivered to Oil Qeshm Investment as the client/owner.
• Paya Foulad Kouhir YazdcoreStrategic or Co-development Partner · 27 February 1404Joint venture partner in Givard pelletizing project (2.5 million tons/year capacity) in Saghand region, Yazd province. Also partnered with Apadana Kavosh and Katibe Farda.
• Apadana KavoshminorStrategic or Co-development Partner · 27 February 1404Joint venture partner in Givard pelletizing project with Paya Foulad Kouhir Yazd.
• Katibe FardaminorStrategic or Co-development Partner · 27 February 1404Joint venture partner in Givard pelletizing project with Paya Foulad Kouhir Yazd.
• Mofarreh Mes SorbandcoreStrategic or Co-development Partner · 1 January 1404Mes Kavan Namad invested as shareholder in Mofarreh Mes Sorband, enabling renovation and equipment upgrades at Dah Hossein copper and tin processing plant.
• Pars Khaniab (Novin Foulad Kouhir)coreStrategic or Co-development Partner · 1 January 1403Transfer of Novid Farayand Alborz and Pars Khaniab shares as part of non-ferrous metals holding formation by Mes Kavan Namad.
• Shahid Hasheminejad Gas Refining CompanycoreChannel Partner/ Reseller/ DistributorEPC contractor for Falavarjan Gas Condensate Refinery with 40,000 barrels per day capacity. 40-month contract duration.

Scale indicators15 records

Recent moves12 records

Expansion highlights6 records

Emerging players

• Metso: Global leader in sustainable mining, aggregates, and metal refining equipment and services, including crushers, mills, flotation cells, and screens. Directly comparable to NSP's Fakoor Magnetics Espadana (FMS) mineral processing equipment product line.

Broad incumbents

• Fluor Corporation: Global Fortune 500 EPC contractor delivering large-scale industrial projects across mining, petrochemical, and infrastructure. Comparable to NSP as a multi-sector EPC contractor, though operating globally and at materially larger scale.
• Worley Limited: Global professional services company delivering project and asset services in energy, chemicals, and resources with a strong mining and metals EPC practice. Comparable to NSP's mining, petrochemical, and water EPC workstreams at international scale.
• FLSmidth: Global engineering company supplying mineral processing equipment, EPC services, and digital solutions for mining and cement. Comparable to NSP's FMS subsidiary and broader mining EPC business at international scale, though operating globally rather than within Iran.
• National Iranian Copper Industries Company (NICICO): Iran's largest state-owned copper miner and producer, operating Sarcheshmeh and Sungun complexes. Adjacent peer to NSP's Mes Kavan Namad copper mining and Novid Farayand Alborz cathode operations, though at far larger scale and state-owned.
• Mobarakeh Steel Company: Iran's largest steel producer and the country's largest single consumer of iron ore concentrate and pellets. Closely tied to NSP as a downstream customer of its mining output and a fellow IMI-100 top-50 ranked industrial company operating at national scale.

Direct peers

• MAPNA Group: Iran's largest private-sector EPC and power-generation conglomerate, designing and building thermal power plants, gas turbines, and industrial facilities. Closely comparable to NSP as a domestic Iranian industrial group combining EPC contracting with equipment manufacturing and energy project execution.
• Ghadir Investment Company: Major Iranian diversified holding company with exposure to mining, energy, construction, and financial services. Comparable to NSP in its multi-vertical holding structure, domestic-focused capital allocation, and role as a private-sector consolidator across Iranian industry.
• Khatam al-Anbiya Construction Headquarters: One of Iran's largest EPC contractors executing mega-projects in oil & gas, transportation, and industrial construction. Directly comparable to NSP's non-mining EPC operations serving petrochemical, refinery, and infrastructure clients.
• IDRO Group: Industrial Development and Renovation Organization operating as a large Iranian industrial holding with subsidiaries in heavy machinery, vehicles, and engineering services. Comparable to NSP in its holding-company structure spanning multiple industrial verticals domestically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/namadsp

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries19 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 Namad Sanat Pars (NSP) Group