Tavan Bogd Group

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 brands such as,
Cashmere
GOBI JSC: GOBI JSC supplies 50% of the world's raw cashmere demand and is Mongolia’s leading manufacturer of cashmere products. The company operates globally through six websites in four languages and maintains retail stores in Berlin, Düsseldorf, and other major cities worldwide.
Automobile & Mining Equipment
Tavan Bogd LLC: The authorized distributor of Toyota and Lexus in Mongolia, Tavan Bogd LLC operates a service center offering repair, maintenance, diagnostics, and spare parts.
Tavanbogd Construction Machinery LLC: This company supplies Hitachi construction equipment and holds a 65% share of the excavator market and 18% of the dump truck market in Mongolia.
Tavan Bogd Motors LLC: Officially distributing Geely vehicles since 2022, Tavan Bogd Motors LLC also provides automotive accessories, including Hankook tires, SK ZIC oils, and TEIN shock absorbers.
Food Production & Quick Service Restaurants (QSR)
Ulaanbaatar Flour LLC: Produces 300 tons of wheat flour daily, meeting 35% of Mongolia’s national demand.
MonBeef: Supplies beef products.
Tavan Bogd Foods LLC: Operates the KFC franchise in Mongolia, with 22 outlets nationwide.
Tavan Bogd Foods Pizza: Franchisee of Pizza Hut, managing 25 locations in Ulaanbaatar and Darkhan and offering food delivery services.
Financial Services
Khan Bank: As Mongolia’s largest commercial bank, Khan Bank serves individuals, SMEs, and corporate clients through a network of 545 branches nationwide.
Tavan Bogd Capital LLC: Provides digital brokerage services and investment analysis.
Tavan Bogd Finance NBFI LLC.
International Trade & Manufacturing
Tavan Bogd International LLC: Distributes brands like Danone, Ferrero, Kinder, Colgate, and Heinz throughout Mongolia.
Godiva: Serves as the exclusive distributor of luxury Belgian chocolate in Mongolia.
Ulaanbaatar Print LLC: Mongolia’s largest notebook manufacturer, holding a 95% market share.
Property Development
Tavan Bogd Property LLC: Developer of the Gerlug Vista residential complex, noted for being Mongolia's first six-sided architectural buildings.
Tourism & Hospitality
Galleria UB Center: Offers a mix of retail services and houses the world’s largest cashmere clothing store.
Juulchin LLC: Recognized as Mongolia’s oldest travel company, it collaborates with over 150 international organizations.
Juulchin Terelj Resort: Provides luxury accommodations within Gorkhi-Terelj National Park.
Kempinski Khan Palace Hotel.
IT & Healthcare
Tavan Bogd NURA LLC: Specializes in preventive health screenings utilizing advanced Japanese technology and AI.
The Group is one of the largest employers in the country with nearly 12,000 employees across its subsidiaries and affiliated companies. It was named after the highest mountain range in western Mongolia, the Altai Tavan Bogd.
The Tavan Bogd Group was established in 1995, by Baatarsaikhan Tsagaach and his spouse, Hulan Dashdavaa. Baatarsaikhan Ts. is the president and Hulan D. 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. The company then acquired shares in Khan Bank, the largest commercial bank in Mongolia, and fully acquired Juulchin, the nation’s first tour operator. 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.
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.
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.
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.
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.
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. As of April 2017, Tavan Bogd Foods operated 10 KFC restaurant branches in the capital city, Ulaanbaatar.
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.
Tavanbogd Construction Machinery is an authorized dealer of Hitachi Construction Machinery in Mongolia. The company was previously known as ZAMine Services LLC, which started in 2010 as a joint venture between Marubeni Corporation of Japan and Tavan Bogd Group of Mongolia. They have recently rebranded to Tavanbogd Construction Machinery, becoming subsidiary of Tavan Bogd Group.
Tavan Bogd International LLC imports food and household products to Mongolia from companies such as Colgate-Palmolive, Unicharm, LG, Heinz, Ferrero.
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.
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. The Kempinski contains business conference, reception and ballroom event halls.
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 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.
Founded in 2001, Mongol Machine Concern specialises in group-wide catering and property management services.
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.
Khan bank is the largest commercial bank in Mongolia 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 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 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.
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.
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.
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.
TOTO sells restroom and bathroom utilities equipment. In 2011, Tavan Bogd Trade LLC became TOTO’s representative company in Mongolia.
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.
In May 2017, Tavan Bogd is expected to open a Godiva chocolate Boutique Store at the Shangri-La Commercial Center in downtown Ulaanbaatar.1