Gelephu Investment and Development Corporation
- Company typePrivate
- Founded2023
- HeadquartersThimphu, Bhutan
- Headcount1–10
- GTM typeB2C
- OfferingServices
Gelephu Investment and Development Corporation firmographics
Firmographics- Name
- Gelephu Investment and Development Corporation
- Legal name
- Gelephu Investment and Development Corporation
- Website
- https://gidc.bt
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Gelephu Investment and Development Corporation industry classification
Industry- Product category
- Sovereign Development Financing
- NAICS
- Other Financial Vehicles (525990)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)
- akta.pro primary industry
- Project & Infrastructure Bonds (FSACABAN)
- akta.pro secondary industries
- Municipal Bonds (FSACABAE), Government Bonds & Agencies (Sovereigns, Supras, Munis) (FSAAAHAA), Sovereign Bonds (FSACABAC)
Keywords
Where Gelephu Investment and Development Corporation is headquartered
LocationHeadquarters
- HQ city
- Thimphu
- HQ country
- Bhutan
- HQ region
- Asia
Offices2 records
Markets served
Gelephu Investment and Development Corporation business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Gelephu Mindfulness City Nation Building Bond (GNBB): GIDC issues a 10-year corporate bond (face value Nu. 1,000 per unit, total offering Nu. 2,000,000,000 / Nu. 2 billion) with a 10% per annum coupon rate paid annually. The bond is tax-exempt under Bhutanese Personal Income Tax. Proceeds are dedicated entirely to financing the Gelephu International Airport (estimated USD 500 million). The bond was oversubscribed, surpassing the target ahead of schedule.
- ORO Bank Fixed-Term Deposit (FTD) Programme: GIDC partners with ORO Bank to offer Fixed-Term Deposit products to Non-Resident Bhutanese (NRBs), structured as USD-denominated bond subscriptions through ORO Bank. Options include one-time USD 1,000 minimum deposits at 4% p.a. (USD interest) or 10% p.a. (BTN interest), and monthly subscription plans of USD 250/month for 24 months at 3% (USD) or 8% (BTN). ORO Bank subscribes to a GIDC bond using the accumulated FTD funds.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Annual | GNBB Bond - Standard Unit (Nu. 1,000 face value, 10% p.a., 10-year term) |
| One time/ perpetual license | Annual | FTD - One-Time USD Deposit with USD Interest (4% p.a.) |
| One time/ perpetual license | Annual | FTD - One-Time USD Deposit with BTN Interest (10% p.a.) |
| Subscription | Monthly | FTD - Monthly Subscription with USD Interest (3% p.a.) |
| Subscription | Monthly | FTD - Monthly Subscription with BTN Interest (8% p.a.) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Gelephu Investment and Development Corporation product offering
Product offeringCore offering
GIDC issues corporate bonds (the Gelephu Mindfulness City Nation Building Bond, GNBB) and partners with ORO Bank to offer Fixed-Term Deposit products for Non-Resident Bhutanese, channeling capital from Bhutanese citizens domestic and abroad to finance the Gelephu International Airport and broader Gelephu Mindfulness City development. Both instruments are sovereign-backed by GIDC's Royal Charter mandate and the GMCA guarantee, with the GNBB offering a 10% annual coupon over a 10-year tenure that is exempt from Bhutanese Personal Income Tax.
Product overview
GIDC operates as an investment corporation rather than a technology product company. Its primary offerings are financial instruments: the Gelephu Mindfulness City Nation Building Bond (GNBB) – a 10-year corporate bond with 10% annual coupon rate for Bhutanese citizens – and the Fixed-Term Deposit (FTD) program through ORO Bank for Non-Resident Bhutanese. Both products fund the development of the Gelephu International Airport as part of the Gelephu Mindfulness City Special Administrative Region.
Differentiator
Problem solved
Functional benefit
Products and services
- Gelephu Mindfulness City Nation Building Bond (GNBB) A 10-year corporate bond issued by GIDC with a face value of Nu. 1,000 per unit, a 10% annual coupon rate paid annually, and a minimum bid of 10 units (Nu. 10,000). The bond is available exclusively to Bhutanese citizens residing in Bhutan, with coupon payments exempt from Bhutanese Personal Income Tax. Proceeds are dedicated entirely to financing the Gelephu International Airport (estimated USD 500 million), and the bond is listed on the Royal Securities Exchange of Bhutan (RSEBL).
- Fixed-Term Deposit (FTD) Programme A fixed-term deposit programme offered exclusively through ORO Bank for Non-Resident Bhutanese (NRBs), allowing diaspora Bhutanese to participate in nation-building by funding the Gelephu International Airport development. Four options are available: one-time USD 1,000 deposits at 4% p.a. (USD interest) or 10% p.a. (BTN interest), and monthly subscription plans of USD 250/month for 24 months at 3% p.a. (USD) or 8% p.a. (BTN). ORO Bank subscribes to a GIDC bond using accumulated FTD funds, with a 10-year deposit term and early redemption permitted after 5 years without penalty.
Quantifiable outcome
- GNBB bond target of Nu. 2 billion was surpassed ahead of the original deadline (May 31, 2025), demonstrating extraordinary public demand and patriotic response.
- +1 more outcomes
Companies that use Gelephu Investment and Development Corporation
Customer profileNamed customers2 records
Segments2 records
Ideal customer profiles2 records
Gelephu Investment and Development Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Gelephu Investment and Development Corporation partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Bank of Bhutan Limited (BOBL)coreBank of Bhutan serves as one of five underwriters/brokers for the Gelephu Mindfulness City Nation Building Bond (GNBB), the domestic corporate bond issuance. BOBL handles bond distribution to eligible Bhutanese citizens and provides customer support via its contact number (+975 77789206).
- Bhutan National Bank (BNB)coreBhutan National Bank serves as one of five underwriters/brokers for the GNBB bond issuance, distributing bonds to domestic Bhutanese citizens and providing subscription support (+975 17434138).
- Royal Insurance Corporation of Bhutan Limited (RICBL)coreRICBL serves as one of five underwriters/brokers for the GNBB bond issuance, distributing bonds to eligible Bhutanese citizens and providing subscription support (+975 77487283).
- Bhutan Development Bank Limited (BDBL)coreBhutan Development Bank serves as one of five underwriters/brokers for the GNBB bond issuance, distributing bonds to domestic Bhutanese citizens and providing subscription support (+975 17455833).
- DK BankcoreDK Bank serves as one of five underwriters/brokers for the GNBB bond issuance, distributing bonds to eligible Bhutanese citizens and providing subscription support (+975 17111010).
- Gelephu Mindfulness City Authority (GMCA)coreGMCA is the parent/regulatory body of the Gelephu Mindfulness City Special Administrative Region. GIDC is the investment arm fully owned by GMCA, founded under a Royal Charter to own, operate, and originate investment opportunities in local and global businesses that proliferate GMC and Bhutan's growth. GMCA provides a financial guarantee backing GIDC's bond issuance.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Gelephu Investment and Development Corporation competitors and assessment
Company assessmentBroad incumbents
- Temasek Holdings: A Singapore sovereign-owned investment company with a mandate to originate and own investments for national economic objectives. Comparable structurally to GIDC as a sovereign-owned investment vehicle, though at vastly greater scale and with a diversified global portfolio rather than a single infrastructure mandate.
- Royal Securities Exchange of Bhutan: Bhutan's principal securities exchange where the GNBB is listed. Comparable as the underlying infrastructure for GIDC's bond issuance, providing listing, secondary trading and price discovery for sovereign-backed securities in Bhutan.
- Khazanah Nasional: Malaysia's sovereign wealth fund that originates and manages strategic investments for national development. Comparable in structure to GIDC as a state-owned investment corporation funded through capital markets, though operating at sovereign-fund scale with a diversified portfolio.
- Mubadala Investment Company: A UAE sovereign investor that originates and operates strategic assets on behalf of the state. Comparable to GIDC in operating as a sovereign-owned investment vehicle for national economic transformation, though at significantly larger scale and with global asset diversification.
Direct peers
- ORO Bank: Asia's first full-reserve digital bank and GIDC's core diaspora distribution partner. Comparable as a financial entity offering Bhutanese-focused deposit and bond-linked products, though it is a regulated bank rather than a sovereign investment corporation.
- Bhutan Development Bank: Bhutan's state-owned development finance institution. Most directly comparable to GIDC as a government-owned vehicle channeling capital into national development projects, though it lends into the economy rather than issuing sovereign-backed corporate bonds.
Regional players
- Bhutan National Bank: One of Bhutan's principal commercial banks and a licensed broker for the GNBB offering. Comparable as a domestic financial institution channeling Bhutanese capital into national development, though it operates as a depository lender rather than a sovereign investment vehicle.
- Royal Insurance Corporation of Bhutan: Bhutan's state-owned insurance and financial services corporation, also a GNBB broker. Comparable as a state-owned financial institution offering citizen-facing financial products tied to national development, though operating in insurance rather than investment origination.
- Bank of Bhutan: A major Bhutanese commercial bank serving as a GNBB distribution partner. Comparable as a domestic bank participating in Bhutanese sovereign and quasi-sovereign capital raising, though it operates a retail banking franchise rather than originating investments.
Others
- Asian Infrastructure Investment Bank: A multilateral development bank focused on infrastructure in Asia. Comparable as a potential funding partner or model for GIDC's airport project, though operating as a multilateral institution rather than a sovereign national investment corporation.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Gelephu Investment and Development Corporation social profiles
Digital presenceGelephu Investment and Development Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gelephu Investment and Development Corporation leadership team
Management profileNumber of profiles
Profiles2 records
Gelephu Investment and Development Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gelephu Investment and Development Corporation 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 Gelephu Investment and Development Corporation
What does Gelephu Investment and Development Corporation do?
GIDC issues corporate bonds (the Gelephu Mindfulness City Nation Building Bond, GNBB) and partners with ORO Bank to offer Fixed-Term Deposit products for Non-Resident Bhutanese, channeling capital from Bhutanese citizens domestic and abroad to finance the Gelephu International Airport and broader Gelephu Mindfulness City development. Both instruments are sovereign-backed by GIDC's Royal Charter mandate and the GMCA guarantee, with the GNBB offering a 10% annual coupon over a 10-year tenure that is exempt from Bhutanese Personal Income Tax.
Is Gelephu Investment and Development Corporation a public or private company?
Gelephu Investment and Development Corporation is a private company. It is classified as state government owned and is currently operating.
When was Gelephu Investment and Development Corporation founded?
Gelephu Investment and Development Corporation was founded in 2023. It employs 1 to 10 people.
Where is Gelephu Investment and Development Corporation based?
Gelephu Investment and Development Corporation is headquartered in Thimphu, Bhutan, in the Asia region.
How does Gelephu Investment and Development Corporation make money?
Two revenue lines are on record. Gelephu Mindfulness City Nation Building Bond (GNBB) is the primary driver. The others are ORO Bank Fixed-Term Deposit (FTD) Programme.
Who are Gelephu Investment and Development Corporation's main competitors?
Broad incumbents on record are Temasek Holdings, Royal Securities Exchange of Bhutan, Khazanah Nasional and Mubadala Investment Company. Direct peers are ORO Bank and Bhutan Development Bank. Regional players are Bhutan National Bank, Royal Insurance Corporation of Bhutan and Bank of Bhutan. Asian Infrastructure Investment Bank is listed as an others.
Does Gelephu Investment and Development Corporation have an API?
No public API is recorded for Gelephu Investment and Development Corporation.
What industry is Gelephu Investment and Development Corporation in?
Gelephu Investment and Development Corporation's product category is Sovereign Development Financing. Its primary akta.pro industry code is FSACABAN, Project & Infrastructure Bonds, with a secondary code of FSACABAE, Municipal Bonds. Its NAICS code is 525990 and its SIC code is 6211.