Company History & Profile
SAIPA Investment Group was founded on 30 March 1965 under the name Diroup Iran Joint Stock Company and was registered at the Tehran Companies Registration Office under No. 10346 on 26 December 1965. Under operating licence No. 26818 issued by the Ministry of Industries on 10 September 1968, it began operating a plant with a nominal annual capacity of 500 tonnes of paints and 500 tonnes of resins. On 4 November 1982 the company's name was changed to Teif SAIPA Paint and Resin Industries. Following decisions by SAIPA Automotive Group (the parent entity) to create a company specialized in capital market management, the name was changed from Teif SAIPA Paint and Resin Industries to SAIPA Investment Company by resolution of the Extraordinary General Meeting of 5 February 2005, and to SAIPA Investment Group by resolution of the Extraordinary General Meeting of 15 October 2011.
