Bonding Through Business
We are pleased to introduce Mongolian companies with wonderful cuisine and high quality goods and fashion. The foundation and growth of Mongolian economy depends on small but proficient enterprises such as these. Learn more about them here. They are seeking out business opportunities abroad for their innovative products.
We support businesses from many industries, such as food and beverages, wholesale and retail distribution and construction and engineering. We don’t just work in the capital city.
Whether it’s a new website, a quality management system, a marketing strategy or even a completely new governance structure, we work with you to define the best project to fit your needs. Then, we’ll support you through the whole process, using our years of experience to make sure the project achieves the best results. One year after every project, we return to measure the impact we made. And the results speak for themselves.
The Best 5 Mongolian Companies by Industry
The finalists for the TOP 5 were evaluated and selected based on the number of their employees, assets, profits, total income, and taxes paid to the state. They were selected by a working group comprised of representatives from Mongolia’s Ministry of Finance, the General Department of Taxation, Customs General Administration, Social Insurance General Office, General Agency for Intellectual Property and State Registration, and the National Statistics Office.
| Banking: | Khan Bank, Trade & Development Bank of Mongolia, Golomt Bank, Xac Bank, State Bank |
| Mining: | Erdenes Tavan Tolgoi JSC, Erdenet Mining Corporation, Oyu Tolgoi LLC, Energy Resources LLC |
| Communication: | Unitel Group, Mobicom Corporation, Skytel, Gmobile, Telecom Mongolia |
| Retail: | Nomin Holding, Emart Mongolia, BSB, |
| Beverage: | APU, Suu JSC, MCS Coca Cola, Pepsi Mongolia, GEM International |
| Oil: | Petrovis Group, Shunkhlai LLC, Sod Mongol Group, Dashvaanjil LLC |
| Fashion: | Gobi Cashmere, Darkhan Nekhii, Erdenet Carpet, |
| Agriculture: | Gatsuurt |
| Tourism: | New Juulchin Group, Active Adventure Tours Mongolia, Juulchin Corporation, Alpha Team Tours |
In addition to these companies, a number of small and medium-sized companies operate in Mongolia.
Top100 Mongolian Companies in 2022
The Government of Mongolia and the Mongolian National Chamber of Commerce and Industry have collaboratively identified the TOP 100 Enterprises of 2022. Notably, this year’s selection process excluded state-owned enterprises.
In the same year, the combined tax revenue of all Mongolian enterprises amounted to MNT 15.6 trillion, with MNT 4.3 trillion or 28 percent of this generated by the TOP-100 enterprises. It is reported that 6.2 percent of Mongolia’s total workforce, equivalent to 71.2 thousand people, are employed by these TOP enterprises.
The selection of the “TOP 100 Enterprises” is based on five primary parameters, which are given priority. These parameters include the enterprise’s annual income, the amount of taxes paid to the state budget, the number of employees contributing to social insurance, profit, and total assets.
Small & Medium Mongolian Companies
Since the SME sector is one of the most important for the Mongolian economy, accounting for 50 per cent of employment, we are also making a strong contribution to alleviating poverty.
About Mongolia Business
Mongolia Business is a private company that seeks to build, strengthen, and protect business between the World and Mongolia, and to actively promote Mongolia as a destination for foreign investment. MB is the official member of the Mongolian National Chamber of Commerce and Industry (MNCCI), the largest business federation in the country with thousand member companies.
We have all the information of small and medium companies and please contact us if necessary.
