Tavan Bogd Group
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| Industry | Conglomerate |
|---|---|
| Founded | 1995 |
| Founders | Baatarsaikhan Tsagaach, Khulan Dashdavaa, Oyuntsetseg Tsagaach |
| Headquarters | Ulaanbaatar , Mongolia |
Area served | Asia, Europe and North America |
| Products | Cashmere Clothing, Vehicles, Financial Services, Tour and Hospitality Services, Foods and Flour Production, Fast-moving Consumer Goods, Electronic Appliances, Printing Technology and Services, Catering and Management Services, Mining Technology and Car Parts and others. |
Number of employees | 12,000 (2024) |
| Website | https://tavanbogd.com/ |
Tavan Bogd Group (Mongolian: Таван Богд групп) is a Mongolian conglomerate with 19 subsidiaries and 2 affiliates in operates across eight diverse sectors that include cashmere production, automobile and mining equipment trading, food production, financial services, international trade, tourism, property development, IT, and healthcare. Tavan Bogd Group is centrally positioned in the growth and advancement of the Mongolian economy.
Established in 1995, Tavan Bogd Group is officially representing some of the world’s best-known brands such as,
- Cashmere Production: We own the globally recognized GOBI brand.
- Automobile Dealerships: We represent Toyota, Lexus, and Geely.
- QSR & Food Production: We manage Ulaanbaatar Flour, MonBeef, and hold the franchise rights for KFC, Pizza Hut, and Subway.
- Financial Services: We are major shareholders of Khan Bank, the largest bank in Mongolia.
- Property Development: Our subsidiary, Tavan Bogd Property, engages in premium property development and construction.
- Tourism and Hospitality: We manage Juulchin Tourism, Kempinski Hotel, and hold franchise rights for global brands like Godiva and L'Occitane.
- IT & Healthcare: We operate NURA, a health screening center that leverages advanced AI technologies, in cooperation with Fujifilm.
- International Trade and Distribution: Tavan Bogd International LLC, a subsidiary, specializes in the Fast-Moving Consumer Goods (FMCG) sectorIn addition, Tavan Bogd Group sells luxury cashmere products through Gobi Cashmere, which currently operates about 140 boutique stores in 40 countries.
The Group is one of the largest employers in the country with nearly 12,000 employees across its subsidiaries and affiliated companies.[citation needed] It was named after the highest mountain range in western Mongolia, the Altai Tavan Bogd.
Company history
[edit]The Tavan Bogd Group was established in 1995, by Baatarsaikhan Tsagaach and his spouse, Khulan Dashdavaa. Tsagaach is the president and Dashdavaa is the executive vice president of the company. Tavan Bogd started out as a photo-processing business and authorised distributor of Fujifilm Corporation. Since its foundation, the company has expanded and established subsidiaries across Mongolia. In the 2000s, Tavan Bogd acquired the GOBI Corporation, one of the "Global Big Five" luxury cashmere manufacturers.[citation needed] The company then acquired shares in Khan Bank, the largest commercial bank in Mongolia,[citation needed][1] and fully acquired Juulchin, the nation’s first and most reputable tour operator.[citation needed] In 2014, the Tavan Bogd Group established a joint venture with Catering International & Services (CIS), to provide services in the field of mining supplies and catering in southern Mongolia.
Subsidiaries
[edit]Tavan Bogd Trade LLC
[edit]Tavan Bogd Trade is the holding company of the Tavan Bogd Group, in charge of the strategic alignment of subsidiary companies and development of new businesses.
Tavan Bogd LLC
[edit]In 2013, Tavan Bogd LLC became the authorised distributor of Toyota. Tavan Bogd LLC also operates a Toyota authorized service station, providing maintenance, diagnostics, car parts and other services to Toyota customers in Mongolia. The company imports tires and car parts produced by Bridgestone.
Ulaanbaatar Flour LLC
[edit]Founded in 2002, Ulaanbaatar Flour LLC is a flour production company based in Darkhan-Uul Province. The company’s factory has a milling capacity of approximately 100,000 tons per year. The company has one of the largest market shares in flour productions and sales in the country.[citation needed]
Tavan Bogd Management
[edit]Tavan Bogd Management engages in document technology products of Xerox and execution of IT systems of Oracle and Hitachi. The company owns and operates the Ulaanbaatar Print Factory and the Xerox Centre. Additionally, the company is an official distributor of XEROX and DOUBLE A, an integrated pulp and paper production company based in Thailand.
Tavan Bogd Foods
[edit]Since establishing an agreement with the globally known American fast food company Yum! in 2012, Tavan Bogd Foods launched the first-ever KFC restaurants in Mongolia.[citation needed] As of April 2017, Tavan Bogd Foods operated 10 KFC restaurant branches in the capital city, Ulaanbaatar.
Tavan Bogd Foods Pizza LLC
[edit]Tavan Bogd Foods Pizza acquired a license for pizza delivery franchising of Pizza Hut from Yum! in 2014, and delivers pizzas throughout Ulaanbaatar through its 11 franchising centers.
Tavan Bogd International
[edit]Tavan Bogd International LLC imports food and household products to Mongolia from companies such as Colgate-Palmolive, Unicharm, LG, Heinz, Ferrero.
Juulchin LLC
[edit]In 2005, Tavan Bogd Group acquired Juulchin LLC, an international tour operator headquartered in Ulaanbaatar. The company specializes in both inbound and outbound trips across Mongolia. The company was established in 1954, and was the first tour operator in Mongolia.[citation needed]
Kempinski Khan Palace Hotel
[edit]In 2005, the Tavan Bogd Group opened the Kempinski Khan Palace Hotel in Ulaanbaatar. The hotel is part of the Kempinski hotel chain and is one of the first 5-star hotels to operate in Ulaanbaatar.[citation needed] The Kempinski contains business conference, reception and ballroom event halls.
Tavan Bogd Smart Electronics LLC
[edit]Founded in 2009, Tavan Bogd Smart Electronics sells electric appliances, including Dirt Devil vacuum cleaners from Germany and VAX carpet services from Great Britain.
Airlink Mongolia LLC
[edit]Airlink Mongolia LLC conducts air ticketing services for Aero Mongolia, Hunnu Airlines, MIAT from Mongolia and Aeroflot, Air Astana, Air China, Korean Air, Singapore Airlines, Turkish Airlines and United Airlines from overseas countries.
Mongol Machine Concern
[edit]Founded in 2001, Mongol Machine Concern specialises in group-wide catering and property management services.
Juulchin Duty Free (JDF) JSC
[edit]Tavan Bogd Group acquired Gazar Suljmel JSC in September 2016, and renamed it as the Juulchin Duty Free JSC to focus on travel retail businesses in Mongolia.
Associated Companies
[edit]Khan Bank
[edit]Khan bank is the largest commercial bank in Mongolia[citation needed] with 541 branches across the country, and delivering financial services to customers, small- to medium-level business owners and corporate clients. Khan Bank has the largest number of ATMs installed throughout the nation[citation needed] and also operates internet, mobile, and SMS banking services. The holding company of Tavan Bogd Group, Tavan Bogd Trade LLC, owns shares of Khan Bank.
GOBI JSC
[edit]GOBI manufactures luxury cashmere and wool clothing. It operates a fully integrated raw material processing to final production factory in Ulaanbaatar. GOBI sells camel wool, yak molt, and cashmere products through 140 stores in 40 countries.
Support Services Mongolia (SSM) LLC
[edit]Founded in 2014, Support Services Mongolia (SSM) LLC, a joint-stock company between Tavan Bogd Trade LLC and CIS France, delivers camp services to road construction, civil construction, mining, power plant and geological exploration businesses. SSM helps build camp sites and provides catering services including food, laundry and maintenance. SSM customers include some of Mongolia’s largest companies such as the Oyu Tolgoi LLC, which is in charge of developing one of the largest copper and gold mines in southern Mongolia.[citation needed]
ZAMine Services LLC
[edit]Established in 2011, ZAMine services LLC is an official distributor of Hitachi Construction Machinery Corporation in Mongolia, a joint venture investment between Marubeni and the Tavan Bogd Group. It supplies equipment and parts to clients in Mongolia, and offers maintenance services.
Business Departments
[edit]Tavan Bogd Automotive LLC
[edit]Since 2004, the Tavan Bogd Automative LLC has also become the official distributor of Volkswagen automobiles. In 2005, the company opened the Volkswagen Aftersales Center, a diagnosis and repair shop for Volkswagen, Audi, Porsche, Skoda and Bentley. In January 2017, the Automative established a distributor’s partnership with Hankook.
ТОТО
[edit]TOTO sells restroom and bathroom utilities equipment. In 2011, Tavan Bogd Trade LLC became TOTO’s representative company in Mongolia.
L’occitane
[edit]Tavan Bogd Trade is an authorised distributor of L’Occitane, an international retailer in personal care products, based in France. Tavan Bogd Trade LLC officially introduced L’Occitane brand in 2010, and opened two boutique stores at the Central Tower and the Ulaanbaatar Department store.[citation needed]
Godiva Mongolia
[edit]In May 2017, Tavan Bogd is expected to open a Godiva chocolate Boutique Store at the Shangri-La Commercial Center in downtown Ulaanbaatar.1[citation needed]