Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Bahman Group is a large diversified Iranian company, situated in Tehran. The company was incorporated in 1952. It is specialized in the production of automobiles and spare parts for them and their export, importation and distribution of different products. Since 2004 Bahman Group focuses its activities also on energy and petrochemical industry by establishing a refinery for bitumen production. The Group is also engaged in the information technology sector and performs investment activities in oil, gas, petrochemical industries and real estate. ‌Bahman Group Company has been listed listed in Iran 100 top companies many times;

Bahman Group is owned by the designated IRGC Cooperative Foundation;

Bahman Group is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;

Andisheh Mehvaran Investment Company is designated by OFAC pursuant to E.O. 13224 for being owned or controlled by Iran Zink and Mines Development Company, and also for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, IZMDC;

Bonyad Sepah manages to maintain a commanding, yet clandestine, influence on the Iranian economy is that of the Bahman Group, one of the prominent car manufacturers in Iran;

The group’s main activities concentrate in the automotive industry, it is a licensed vehicle manufacturer of the following brands: Mazda, Isuzu, Faw, ZXAUTO, Tmec;

Among its clients in Iran, the group has contracts with government ministries as well as the armed forces (army as well as IRGC);

Also, the group through its subsidiary, ParsBoschung, provides and installs multipurpose machinery used for road and airport maintenance;

Among ParsBoschung’s business partners, are various European companies such as the Swiss Company Boshung (which also owns 3.625% of ParsBoschung’s shares ), Italian companies such as: OFTMB, ETD, AMCO VEBA, ASSALONI, Turkish Companies such as: HYDROMAC and French companies such as: ACOMETIS;

Bahman Group is also active in the telecommunications and energy sectors;

Industry:
Holding Company

Established:
1952

Country:
Iran

Website:
www.bahmangroup.com

Person of interests:
Kharazmi, Ghadir

Subsidiaries:
Bahman Insurance Service Co.
Iran Chassis Production Company
Asre Bahman Commercial Co.
Arya Dana Drilling Company
Etebare Iran Investment Company
Asia 2000 Tourism, Air Travel and Services Co.
Bahman Leasing Co.
Aria Dana Energy Co.
Nik Sanat Parsian Co.
Iran Casting Industries
Iran Docharkhe Co.
Soroush Bahman Commercial Co.
Qateat Sanaye Design and Production Company
Niru Mohareke Iran Co.
Siba Motor Co.
Bahman Motor Co.
Mazda Yadak Co.
Bahman Brokerage Company
Bahman Diesel Co.

Shareholders:
Other Individual – 37.6%
Behman Fan Pordazan Company – 27.7%
Farda Andesheh Investment Company – 25.9%
Energy Hur Development Investment Company – 8.8%

Reason for the color:
» Bahman Group is added to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on 10.16.2018 pursuant to Executive Order 13224, for assisting, sponsoring, or providing financial, material, or technological support for, or financial or other services to or in support of, Andisheh Mehvaran Investment Company;
» Bahman Group is a Tehran-based manufacturing conglomerate 45.5% owned by the designated IRGC Cooperative Foundation


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IFMAT Color Guide

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We sort entities who are connected with terrorist activities, in two sections, first by risk and second by geolocation.
GeoLocation divisions are divided into two fields, Black List and Gray List.
BlackList is a list of all companies, organizations and figures who originate from Iran.
GrayList is a list of all companies, organizations and figures out of Iranian borders, and doing business with Iran.
We identify risk of entities by COLOR selection, each color marks the risk level of the entity.(by declining order)
 
TOP ALERT
Designated / Sanctioned / Illicit entities
 
HIGH ALERT
Entities affiliated with Designated / Sanctioned / Illicit entities.
 
MEDIUM ALERT
Entities sanctioned in the past for Terror or Illicit activities / WMD related / Human rights violations.
 
RISK ALERT
Entities in a problematic sector - Sector controlled by the Top Alert entities.
 
GENERAL ALERT
Legitimate entities - we cannot determine whether an entity is completely green, and that is due to the facts that the Iranian economy is not transparent enough for us. Be sure.