Mind Group

What Mind Group does

Mind Group (legally Milanovic Industries Group) is a privately held Serbian industrial holding founded in 2018 that operates MIND Park, an integrated production, technology, and logistics hub in Kragujevac covering 160 hectares with over 54,549 sqm of built facilities. The park targets rail, high-tech, and aerospace industries, anchored by tenants including Siemens Mobility (12,000 sqm production hall with 670m of internal railway), Škoda, AVNET, IME Autolift, and CAF. Core in-house operations run through subsidiaries: AMM Manufacturing produces aluminum and steel carbody parts for global rail OEMs and operates the largest paint shop in South Eastern Europe (4,500 sqm); MIND Real Estate builds and rents turn-key facilities and operates a regulated closed electricity distribution system; MIND Education runs dual-education programs (300+ trainees in CNC, welding, locksmith, and industrial mechanics); IMW Institute provides SRPS ISO/IEC 17025-accredited materials and welding testing; and supporting units Milanovic Water Treatment, Culinaris (canteen), and Mini MIND (220-child kindergarten) round out the on-park ecosystem.

The business model combines recurring real-estate rental income (subscription-style facility leases to anchor tenants), manufacturing hardware sales through AMM, and a diversified set of professional, managed, and transaction-fee services — business setup, legal and QMS support, logistics and free-trade zone operations (via NELT), electricity distribution, water treatment, catering, and event space. GTM is direct enterprise sales to large multinationals in rail, high-tech, and aerospace, with custom-built halls as the primary wedge (e.g., a 4,300 sqm custom hall for IME Autolift, plus dedicated aluminum and steel halls of 7,800 and 9,900 sqm). Pricing is not publicly disclosed and contracts are negotiated individually. The park benefits from duty-free export access to a market of more than one billion consumers (EU, Russia, USA, Kazakhstan, Turkey, EFTA, Belarus) and is connected to Rail Corridor X with a private 1,400m runway and a 57-hectare aviation zone under construction.

Forward strategy is concentrated on infrastructure expansion: a Global Logistic Hub (50,000 sqm warehouse, 13,000 sqm container terminal, freight rail station) built by end of 2023, a 20-hectare Dry Port under a 2025 strategic-partnership tender, and continued build-out of available 2,200 sqm of headquarters office space plus additional manufacturing plots. The company is privately held with no disclosed funding rounds, revenue, or public-market activity; ownership sits with the Milanovic group and operating entities span real estate, manufacturing, education, testing, utilities, dining, childcare, and events under a single industrial-park umbrella.

Name

Mind Group

Legal name

Milanovic Industries Group

Website

https://mind.rs

Company type

Private

Founded year

2018

Operating status

Operating

Short description

MIND Group operates MIND Park, a 160-hectare integrated production, technology, and logistics hub in Kragujevac, Serbia, serving rail, high-tech, and aerospace tenants through turn-key facilities, in-house manufacturing, and shared services.

Ownership category

akta.pro rank

Product category

Industrial Park Operations and Rail Manufacturing Services

NAICS

Motor Vehicle Body Manufacturing (336211)

SIC

Truck & Bus Bodies (3713), Motor Vehicles & Passenger Car Bodies (3711)

akta.pro primary industry

Bus Body & Coachbuilder / Bus Body Assembly (IMACADAH)

Keywords

• Industrial park management
• Rail vehicle manufacturing
• Turn-key industrial facilities
• Manufacturing facility leasing
• Industrial logistics hub

Headquarters

HQ city

Kragujevac

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Real Estate Rental: MIND Real Estate rents office space (10,900 sqm total, 2,200 sqm available for rent), manufacturing facilities, and warehouse space to tenant companies within MIND Park.
2. AMM Manufacturing: Production of aluminum and steel carbody parts for rail vehicles. Serves as a key link in supply chain for world's largest OEMs in railway industry.
3. Shared Services: Business setup services (document analysis, registration, notary, bank account setup), ongoing legal support, Quality Management System support, and other operational support services for tenants.
4. Logistics Services: Logistics hub with truck terminal (15,000 sqm), free trade zone, container terminal, railway connection, and warehouse capacity (50,000 sqm planned) provided through partnership with NELT.
5. Closed Distribution System: MIND Real Estate operates a closed electricity distribution system, providing integrated electricity measurement and consumption management for industrial tenants.
6. Water Treatment Solutions: Milanović Water Treatment provides turnkey solutions for potable and wastewater treatment, from solution design to installation and commissioning.
7. Catering and Hospitality: Culinaris restaurant and canteen services for all MIND Park employees, plus catering services for celebrations.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

MIND Group operates MIND Park, an integrated production, technology, and logistics hub for the rail, high-tech, and aerospace industries. The group builds and leases custom turn-key manufacturing and office facilities, produces aluminum and steel carbody parts for rail vehicles, and provides shared services covering business setup, logistics, education, testing, water treatment, catering, and childcare to its industrial tenants.

Product overview

MIND Park is an integrated production, technology, and logistics hub dedicated to the rail, high-tech, and aerospace industries. The portfolio includes AMM Manufacturing (aluminum and steel carbody parts production with the largest paint shop in SEE), MIND Real Estate (park development and facilities management), Milanovic Water Treatment, MIND Education, IMW Institute (materials testing), Culinaris (dining), Mini MIND (childcare), and MIND Event Space. Supporting shared services include turn-key facilities, business setup support, logistics/free-trade zone operations, and closed electricity distribution. The park serves as a complete ecosystem for industrial operations.

Differentiator

Problem solved

Functional benefit

Products and services

• AMM Manufacturing Production of aluminum and steel carbody parts for rail vehicles, operating the largest and most modern paint shop in the SEE region. Serves as a key link in the supply chain for the world's largest rail OEMs.
• MIND Real Estate Manages complete construction and development of MIND Park, from initial client communication through building and infrastructure development, and rents office and manufacturing space to tenant companies. Includes shared services for tenants within the industrial complex.
• Milanovic Water Treatment Provides turnkey solutions in potable and wastewater treatment, from solution design through installation and commissioning of all process systems, for industrial and municipal clients.
• MIND Education Education and training center providing programs for CNC operators, welders for aluminum and steel, locksmith operators, and industrial mechanics. Has trained more than 300 people across technical profiles.
• IMW Institute Accredited testing services for welded joints, metal materials, water, industrial products and raw materials, and metal content in soil, accredited according to SRPS ISO/IEC 17025. Serves both internal MIND Park tenants and external clients.
• Culinaris A la carte restaurant and canteen serving all MIND Park employees across two shifts, plus catering services for celebrations and events.
• Mini MIND Modern kindergarten with capacity for 220 children, located in a quiet section of MIND Park on more than 8,000 sqm with a private garden, serving employees of MIND Park tenants.
• MIND Event Space Modern multipurpose corporate event space with advanced technology and configurable venues for networking events, teambuilding, private dinners, educational events, lectures, workshops, seminars, and product promotions.
• Turn-Key Facilities Service Complete construction services from site selection and design through construction and joint services, providing all necessary elements for a company's operation within MIND Park.
• Business Setup Service End-to-end business registration support including document analysis and collection, notary registration, applying for company registration, bank negotiation and account opening, plus ongoing legal support.
• Logistics and Free Trade Zone Service Integrated logistics services delivered in partnership with NELT including free trade zone access, container terminal, rail and highway connection, and truck terminal of 15,000 sqm.
• Closed Electricity Distribution System Electricity distribution system operator approved by the RS Energy Agency (Decision No. 312-72-2020-L-I), providing integrated measurement of electricity consumption for detailed cost management to industrial tenants.

Quantifiable outcome

• 85% of students recruited from Colleges and Master's programs to work at MIND Park
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Siemens MobilitycoreStrategic or Co-development Partner · 1 January 2022Siemens Mobility operates its most equipped production hall in Serbia at MIND Park. The 12,000 sqm facility includes 670m of internal railway and represents a major anchor tenant relationship for rail vehicle manufacturing.
• NELTcoreChannel Partner/ Reseller/ DistributorOne of the biggest logistics partners in the region, NELT operates the logistics center in MIND Park providing free trade zone, container terminal, railway connection, and comprehensive logistics support. Truck terminal spans 15,000 sqm.
• IME AutoliftminorStrategic or Co-development PartnerCustom-made production hall (Autolift) of 4,300 sqm built for company from Austria. Hall features custom solutions for their specific production requirements.
• ŠkodaminorStrategic or Co-development PartnerWorld-famous Czech rolling stock manufacturer has settled at MIND Park location for rail industry operations.
• AVNETminorStrategic or Co-development PartnerMultinational technology company settled at MIND Park for high-tech manufacturing operations.
• CAF (Construcciones y Auxiliar de Ferrocarriles)minorStrategic or Co-development PartnerSpanish rail equipment manufacturer featured in MIND Park partner logos.
• SteftransminorChannel Partner/ Reseller/ DistributorTransport and logistics company featured in MIND Park partner logos.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Prologis: Global industrial-logistics real estate owner-operator. Comparable in its turn-key industrial facility leasing model, though at much larger scale and without MIND's integrated manufacturing/education components.
• Alstom: Global rail rolling-stock and signaling OEM. Comparable as a buyer/supply-chain counterpart for AMM Manufacturing-style carbody producers and a tenant archetype for industrial parks serving the rail industry.
• SEGRO: European industrial and logistics REIT developing and leasing modern warehouse/manufacturing space. Overlaps with MIND Real Estate's custom-built facility leasing for enterprise tenants.
• Stadler Rail: Swiss rolling-stock manufacturer with regional production hubs. Comparable to the rail OEMs MIND serves and a potential partner archetype given its track record of establishing SEE production.

Direct peers

• Škoda Transportation: Czech rolling-stock OEM also settled at MIND Park for rail operations. Comparable as a regional rail OEM partnering with SEE-based industrial parks for production capacity.
• CAF (Construcciones y Auxiliar de Ferrocarriles): Spanish rail equipment manufacturer featured in MIND Park's partner logos. Comparable as a European rail OEM engaged with SEE industrial parks and as a customer for carbody manufacturing services.
• Sofia Tech Park: Bulgarian science-technology park offering co-working, R&D, and startup incubation space in SEE. Comparable integrated park model targeting technology industries in the same Balkan region.
• STP Belgrade (Science-Technology Park Belgrade): Serbian technology park providing shared infrastructure, R&D, and incubator services. Comparable as a regionally headquartered park operator leveraging Serbian operating economics.

Regional players

• Four Business Park (CTP): CTP develops and operates Business Parks across Central and Eastern Europe with a similar turn-key facility offering. Comparable as a CEE/SEE regional industrial park developer-operator, though bigger and more diversified.

Others

• Siemens Mobility: Anchor tenant at MIND Park rather than a direct competitor, but a core comparable in the rail vehicle manufacturing supply chain that AMM Manufacturing serves — and a reference customer for the park's rail-industry positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/MINDGroupSerbia
• Facebookfacebook.com/mindgroupserbia
• LinkedInlinkedin.com/company/mindgroupdoo/?viewAsMember=true
• Instagraminstagram.com/mind.group.serbia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 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 Mind Group