Meet Mongolian Companies & Notable 5 Best

Bonding Through Business

We are pleased to introduce Mongolian companies with wonderful cuisine and high quality goods and fashion. The foundation and growth of Mongolian economy depends on small but proficient enterprises such as these. Learn more about them here. They are seeking out business opportunities abroad for their innovative products.

We support businesses from many industries, such as food and beverages, wholesale and retail distribution and construction and engineering. We don’t just work in the capital city.

Whether it’s a new website, a quality management system, a marketing strategy or even a completely new governance structure, we work with you to define the best project to fit your needs. Then, we’ll support you through the whole process, using our years of experience to make sure the project achieves the best results. One year after every project, we return to measure the impact we made. And the results speak for themselves.

The Best 5 Mongolian Companies by Industry

The finalists for the TOP 5 were evaluated and selected based on the number of their employees, assets, profits, total income, and taxes paid to the state. They were selected by a  working group comprised of representatives from Mongolia’s Ministry of Finance, the General Department of Taxation, Customs General Administration, Social Insurance General Office, General Agency for Intellectual Property and State Registration, and the National Statistics Office.

In addition to these companies, a number of small and medium-sized companies operate in Mongolia.

Top100 Mongolian Companies in 2019

Ulaanbaatar /MONTSAME/. On May 20, the Government of Mongolia and Mongolian National Chamber of Commerce and Industry announced this year’s rankings of TOP-100 business enterprises online. The rankings are based on 2019 data on the companies’ revenues, state budget contributions of their tax payments, the number of their employees paying social insurance premiums, net profit and total assets.

The total amount of sales revenues of the TOP-100 enterprises grew by 3.4 percent since previous year, reaching MNT 34.3 trillion, which is already 93 percent of the country’s total GDP. The recognized companies also paid a collective MNT 6.3 trillion in taxes, which showed an increase of 54 percent compared to last year and equaled to 65 percent of the country’s tax revenues, 15 percent higher than last year’s. In 2018, tax collected from the top 100 companies accounted for 50 percent of the total tax collected. 

The number of people employed by the enterprises increased by 6,000 thousand to reach 89,000, making up for 8 percent of all job places, and the enterprises are estimated to pay around 27 percent of the total revenues of social insurance premiums. 

Small & Medium Mongolian Companies

Since the SME sector is one of the most important for the Mongolian economy, accounting for 50 per cent of employment, we are also making a strong contribution to alleviating poverty.

About Mongolia Business

Mongolia Business is a private company that seeks to build, strengthen, and protect business between the World and Mongolia, and to actively promote Mongolia as a destination for foreign investment. MB is the official member of the Mongolian National Chamber of Commerce and Industry (MNCCI), the largest business federation in the country with thousand member companies.

We have all the information of small and medium companies and please contact us if necessary.