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 ...