Our History

Following the Islamic Revolution, due to economic restrictions imposed by certain industrial countries against Iran, the outbreak of the war, and a shortage of foreign currency resources, the inspection of goods imported into the country by both the private and public sectors received special attention. From 1981, the formation of an Iranian inspection company with an independent and national identity—one that would act impartially in relations between buyers and sellers and safeguard the interests and rights of the Iranian government and people by supervising the precise execution of purchase contracts—became a priority for the country's officials. In this regard, the first Iranian inspection company was registered on November 22, 1983, under the initial name "Iran Engineering and Industrial Inspection Company".

Following the government's macro-economic policies regarding the acceleration of privatization and the transfer of state-owned companies to the private sector, the shares of the Iran Engineering and Industrial Inspection Company were transferred to the Teachers' Investment Company in 2005. In 2010, upon approval of the Extraordinary General Assembly, the company was converted from a Private Joint Stock Company to a Public Joint Stock Company, and a portion of the company's shares was transferred to employees and managers. Furthermore, the company became a member of the Tehran Farabourse (OTC) organization in 2011.

Thus, considering the regulations that exist for listed companies, the company's performance and published information will possess greater transparency. On the other hand, transparent activity in the stock market allows for a real evaluation of performance and the determination of the company's true value, meaning investors will invest with greater confidence and the company's future activities will become clearer.