IDRO Group

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IDRO Group
Government-owned corporation
Industry Conglomerate
Founded 1967; 50 years ago (1967)[1]
Founder Mohammad Reza Pahlavi
Headquarters Tehran, Iran
Area served
Key people
Mohammadreza Nematzadeh (Minister of Industry)
Gholamreza Shafeei (President)(G)
Mansour Mo’azzami (Chairman of IDRO Group)
Products Automobiles, Vehicles, Engines, Oil, Gas, Energy, Machinery, Agriculture, Mines, Metals, Research, Training, Aviation, Banking, Trade, Health care, Railway, Management, Technology, Investment
Revenue IncreaseUS$ 17 billion (2009)[1]
Profit IncreaseUS$ 1.486 billion (2009)[1]
Total assets Increase US$ 45.766 billion (2009)[1]

The Industrial Development & Renovation Organization of Iran (IDRO) known as IDRO Group was established in 1967 in Iran.[2] 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.[2] Today, IDRO owns 117 subsidiaries and affiliated companies both domestically as well as internationally.[1]


In the course of its 40 years of activity, IDRO has gradually become a major shareholder of some key industries in Iran. In recent years and in accordance with the country’s privatization policy, IDRO has made great efforts to privatize its affiliated companies. While carrying on its privatization policies and lessening its role as a holding company, IDRO intends to concentrate on its prime missions and to turn into an industrial development agency. IDRO has focused its activities on the following areas in order to materialize such strategy and to expedite the industrial development of Iran: