Under the Pahlavi dynasty, a number of prominent Iranian corporations arose in Iran, especially between the 1950s and 1970s. These companies were active in oil, automotive, insurance, banking, industrial manufacturing, consumer goods, transport, and other sectors. After the Iranian Revolution, many were nationalized, dissolved, or reorganized.
Background
During the reign of Mohammad Reza Shah Pahlavi, Iran underwent rapid economic modernization through initiatives such as the White Revolution and land reforms. Foreign investments and domestic industrial strategies led to the growth of major national companies.[1][2]
List of companies
- Arj Co.: Founded in 1943. Once a pioneer in home appliances. Declined and closed. After the 1979 Islamic Revolution, it was confiscated, and due to the inefficiency of state management, on June 13, 2016, the Arj warehouse was officially shut down with a judicial seal after 79 years. [3]