BRIEF HISTORY OF GUND INVESTMENT

Roots of the company go back to the 1990s, a  time when a socialist economy collapsed in Mongolia, and the country embraced the free market. In 1991, a group of friends established a small trading company DACO, which later became a mineral consulting company named "Mine Info" LLC in 1996. The company was able to capture business opportunities and advantages offered by the investment boom in the mining industry, which took place in 2004-2007 and become one of the most rapidly expanding and diversifying company in the country. The company adapted holding the structure in 2007 and continued expansion with interest in 17 companies in mining, financial services, real estate, construction material production, fast food and number of other sectors.

In 2016 the company was restructured with a purpose to sort out the increasing complexity caused by rapid expansion and lack of clear strategy shared between shareholders to manage highly diversified activity. Hence, it split into three separate groups of companies, one of which is "Gund investment" LLC. Now the company is owned and run by a family of Mr Dugar who was one of the principal shareholders of the group holding company and currently "Gund investment" LLC holds investments in mining, financial service, real estate, business incubation and system engineering, digitalization services.

TIMELINE

1991

Current Chairman of Gund Investment, CEO of TUSS LLC Mr Dugar founded DACO LLC with his friends

1996

Started and successfully implemented a joint mining project with foreign corporations

1997

Began to provide mineral exploration consultancy services

2002

Initiated and organized “Discover Mongolia”, an international investors forum which has been held every year ever since

2004

Diversified mining operation services in supplying mining tools.

2005

Started investing and operating in the real estate industry

2006

Founded an event organizing company

2007

Founded “MIH Group” LLC and restructured into holding company, diversified its portfolio in mining, real estate, insurance, biotech, and other financial sectors

2008

Started investing in energy efficient construction material production and oil refinery

2010

Established joint venture industrial construction company

2011

Established a joint venture with a global leading corporation in mining industry.

2012

Group’s Chairman became a member of Asia Business Council.

2013

Initiated research projects to fight desertification and drinking water contamination

2016

As a result of a restructuring process, "Gund Investment" LLC was established as a successor to "MIH Group". The former management team of "MIH Group" founded a management consultancy and digitalization service providing company under "Gund Investment" LLC.

2018

“Gund Investment” LLC Renewed its investment policy and established a start-up business incubation service providing company.

2019

Formally completed the restructuring process from "MIH Group" to "Gund Investment" LLC.