Tehran Index: research terminal for Iran's digital economy
The research layer for Iran's digital economy.
Source-linked records on 370 Iranian technology companies: registry filings, verified operating metrics, and a human-gated signal feed. In English, for investors, corporates and researchers who need Iran’s private tech sector on the record.
Market activity
Every signal passes source review and an editorial gate before it publishes; volume reflects gated coverage, not scraping throughput. Dates are source dates where verified. Latest record: 2026-08-23.
Recent market signals
Top sectors by activity
| Sector | Signals | Trend · 4 wks | Δ vs prior 30d |
|---|---|---|---|
| Fintech | 8 | -38% | |
| E-commerce | 6 | -25% | |
| Mobility | 6 | -45% | |
| Cloud | 4 | +33% | |
| FoodTech | 4 | first period | |
| Digital Assets | 3 | +0% |
Activity heatmap
Key surfaces
Decision snapshot, period-stamped metrics, ownership, and a field-level source ledger.
View dossier →Weekly install and rating captures with rater velocity. Full series exports as CSV.
Explore →Investors, accelerators, tech parks, and universities, cross-linked to company records.
Explore →Rules-based composite of the constituent universe. Base 100; the series accrues forward.
Methodology →Latest analysis
MTN's reviewed interim statements for the six months to 30 June 2026 publish the assumptions behind the impairment test on its 49 percent stake in Irancell: a weighted average cost of capital of 79 percent, 44 percent and 36 percent, a terminal growth rate of 25 percent and capex intensity of 20.3 percent. Of the 370 companies in the Tehran Index registry, not one had a published cost of capital before this. The same notes carry a reviewed rial rate that implies 145,793 toman to the dollar, close to the free market rather than to any official rate.
25 Aug 2026 · 9 min readDataIran's Second Mobile Operator Reports Its Numbers in JohannesburgIrancell publishes no revenue, no profit and no balance sheet. All of it is filed twice a year in South Africa, audited and in English, because a JSE-listed company owns 49 percent of it. That filing also carries three accounting facts about Iran that exist in no Iranian source, including a company that keeps two year-ends. Of the 370 companies in the Tehran Index registry, two have a shareholder that files on a stock exchange, and it is the same shareholder for both.
21 Aug 2026 · 8 min readBriefingA second scorekeeperTI Weekly, edition 003. TAP posts the fastest transaction growth of any Iranian payment processor in the 2025 Nilson Report, Taline maps Iran's gold ecosystem, Digikala puts AI try-on in the storefront, and our analysis reads Nilson against Shaparak for the first two-instrument view of Iran's payments market.
21 Aug 2026 · 6 min readEverything above is the working standard, not a sample.
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