Gund Investment was founded in 2016, as a restructuring of Mongolia Investment Holding /MIH/ LLC. With the restructure, we have founded a fundamental change in our philosophy of running our portfolio companies, with a mission to "To create value through the cooperation of employee-customer-shareholder and ensure benefit for all stakeholders". This mission and our company's core model of operation is based on "System Thinking" and "System Engineering" disciplines, where we continuosly cultivate the practice in Mongolia. In doing so, this practices became our compass for incubating a healthy business, which creates value to it's stakeholders, including the community.
PAVE the future!
Our company's operating model follows a PAVE principle.
Profound solutions: To practice fundamental cognitive tools for conducting research and making decisions
Environment friendly policy: To provide value for all stakeholders, which includes the community and the environment
Value generating stakeholders: All stakeholders have a duty to play a crucial role in value creation process
Adaptable mindset: Accept and adapt to change based on constant diagnosis
Let us know how we can cooperate.
Gund Investment LLC initiated "Socratus" studio business incubation center in September 2018. Their aim is to recruit knowledge-based start-ups/SMEs and helping them to build capabilities on the bases of system engineering and seed funding backed by "Gund Investment." Since it's founding, after much-needed preparation and team building, "Socratus" held its first pitching round early this year. On June 17 2019, "Socratus" studio has signed their first start-up project "Chatbot".
"Chatbot" is a start-up owned by "Anduud Lab," who is developing an AI-based chat assistant for the Mongolian market. With the help of "Socratus," we believe "Chatbot" and "Anduud Lab" can go further solidify their foundation as a business and accelerate their product development.
For more information, please visit "Socratus" studio at www.socratus.mn, www.chatbot.mn
The Annual Shareholders Meeting of MIH in 2016 had decided to restructure the company by splitting off. The decision had been taken based on the portfolio companies' inefficient value proposition which was due to the then current economic slowdown in the country and its shareholders' different viewpoints on the group's business philosophy and development priorities.
As it has agreed among the shareholders, the restructuring process has involved in two steps: changes in shareholders' structure at the subsidiaries' level first, which means current shareholders will be entitled to hold shares in each entity in a proportion of their shares in MIH. Later the shareholders had entered into negotiation among them and consolidated the holdings of particular companies by exchange their ownership in them. That has enabled shareholders to own and operate the businesses in their solely determined principles and ways.
Since 2016, the restructuring process has taken two and a half years and newly founded "Gund Investment" LLC which is now officially recognized as the successor of MIH Group, at this moment announcing that the restructuring process formally completed.