IDRO Group

IDRO Group
Company typeGovernment-owned corporation
IndustryConglomerate
Founded1967 (1967)
FounderMohammad Reza Pahlavi
HeadquartersTehran, Iran
Area served
Worldwide
Key people
Mohammad Atabak (Minister of Industry, Mine and Trade)
Farshad Moghimi (Chairman of the board of directors)
ProductsAutomobiles, Vehicles, Engines, Oil, Gas, Energy, Machinery, Agriculture, Mines, Metals, Research, Training, Aviation, Banking, Trade, Health care, Railway, Management, Technology, Investment
RevenueUS$ 17 billion (2009)
US$ 1.486 billion (2009)
Total assets US$ 45.766 billion (2009)
Websitewww.idro.org

The Industrial Development & Renovation Organization of Iran (IDRO) known as IDRO Group was established in 1967 in Iran. IDRO Group is one of the largest companies in Iran. It is also one of the largest conglomerates in Asia. IDRO's objective is to develop Iran's industry sector and to accelerate the industrialization process of the country and to export Iranian products worldwide. Today, IDRO owns 117 subsidiaries and affiliated companies both domestically as well as internationally.