System Group
Entity IDIR-CO-2144
SectorEnterprise SW
Founded1992
HQTehran
VerificationReported
Last reviewed2026-07-10
Largest private-sector software company in Iran; ERP / cloud solutions
Tehran Index tracks this company as part of a source-linked research record on Iran’s technology economy. Access opens to a limited first cohort. Register for access, or browse the registry.
Decision snapshot
Net profit
33,062,411M rial ≈ 3,306B toman
to 2026-03-20Official record
Codal, AGM decisions filing, FY ending 1404/12/29 ↗ · retrieved 2026-07-10
Market cap
443,500B rial ≈ 44,350B toman (≈ $245M) · P/E 13.4
2026-07-08Official record
TSETMC / databourse ↗ · retrieved 2026-07-10
Dividend
3,400 rial per share approved (34,000,000M rial total; ~7.7% yield at the close)
2026-06-09Official record
Codal, AGM decisions filing ↗ · retrieved 2026-07-10
Controlling shareholder
Ayandeh Negar Dana Investment Management 61.92% · Central Insurance of Iran 5.01% · Pasargad Economy Management Group 4.6% (AGM attendance record)
AGMOfficial record
Codal, AGM decisions filing ↗ · retrieved 2026-07-10
Scale
1,700+ staff · 100+ subsidiary and partner companies
CurrentCompany disclosed
systemgroup.net shareholder affairs ↗ · retrieved 2026-07-10
Every field carries an explicit evidence state and its source. Self-reported figures are labelled as such; nothing is presented with more certainty than its source supports.
Operating metrics, period-stamped
Per-share results2025-26Official record
EPS 3,306 rial · DPS 3,400 rial
ListingCurrentOfficial record
TSE ticker SYSTM (Market 2) · close 44,350 rial (2026-07-08) · quote refreshes weekly on the dashboard
FY1404 consolidated income statementto 2026-03-20Official record
Revenue 60,533,444M rial ≈ 6,053B toman (+39% YoY) · gross profit 41,670,731M rial (69% margin) · operating profit 34,948,719M rial (58% margin) · net profit 35,592,290M rial ≈ 3,559B toman (+31%, 59% net margin)
FY1403 consolidated comparative2024-25Official record
Revenue 43,681,034M rial ≈ 4,368B toman · net profit 27,132,468M rial ≈ 2,713B toman (audited, restated)
Metric series, change over time
Consolidated net profit · consolidated
2024-2527,132,468M rial ≈ 2,713B toman
2025-2635,592,290M rial ≈ 3,559B toman
Consolidated revenue · consolidated
2024-2543,681,034M rial ≈ 4,368B toman
2025-2660,533,444M rial ≈ 6,053B toman
Series are basis-consistent: values are only charted against comparable prior periods. Approximation qualifiers from the source are preserved. Rial figures follow the filing convention (million rial); toman conversions are ours and labelled.
Business model & group
Product coreActiveCompany disclosed
Rahkaran integrated ERP (finance, HR, sales, manufacturing, procurement) plus Rahkaran Cloud
ModelDurableCompany disclosed
Enterprise licences with implementation and support delivered through a 100+ company partner/subsidiary network
Leadership
CEOCurrentOfficial record
Mohammad Azirollahi (romanization ours, from the Persian filing)
ChairmanCurrentOfficial record
Farid Fooladi (representative of Ayandeh Negar Dana)
BoardAGMOfficial record
Five corporate seats: Ayandeh Negar Dana (chair) · Hamkaran System Panah Tehran · Hamkaran System Research & Training · Hamkaran Sales Network Development (vice-chair) · Farsad Future Management Development
Top financial officerCurrentOfficial record
Maryam Shah-Ghasemi (per filing)
Ownership & capital
Statutory auditor2026-27Official record
Hadaf Novin Negar (alternate: Behrad Moshar), appointed for 2026-27
Competitive set
Competitive setCurrentTI derived
Arian System and other tracked enterprise-software vendors; System Group is the category's only listed pure-play at this scale
Evidence timeline, how this record was built
Primary sources catalogued in the Evidence Library; extracted claims appear above as period-stamped facts, never as current news.
What we don't know
Segment revenueOfficial record
Founding yearCoverage pending
Stated gaps are part of the record: in an opaque market, knowing what is NOT publicly established is as decision-relevant as what is.
Source ledger, every field, its evidence
Net profit
33,062,411M rial ≈ 3,306B toman
Codal, AGM decisions filing, FY ending 1404/12/29 ↗ · retrieved 2026-07-10retrieved 2026-07-10
Market cap
443,500B rial ≈ 44,350B toman (≈ $245M) · P/E 13.4
TSETMC / databourse ↗ · retrieved 2026-07-10retrieved 2026-07-10
Dividend
3,400 rial per share approved (34,000,000M rial total; ~7.7% yield at the close)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Controlling shareholder
Ayandeh Negar Dana Investment Management 61.92% · Central Insurance of Iran 5.01% · Pasargad Economy Management Group 4.6% (AGM attendance record)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Scale
1,700+ staff · 100+ subsidiary and partner companies
systemgroup.net shareholder affairs ↗ · retrieved 2026-07-10retrieved 2026-07-10
Per-share results
EPS 3,306 rial · DPS 3,400 rial
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Listing
TSE ticker SYSTM (Market 2) · close 44,350 rial (2026-07-08) · quote refreshes weekly on the dashboard
TSETMC ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1404 consolidated income statement
Revenue 60,533,444M rial ≈ 6,053B toman (+39% YoY) · gross profit 41,670,731M rial (69% margin) · operating profit 34,948,719M rial (58% margin) · net profit 35,592,290M rial ≈ 3,559B toman (+31%, 59% net margin)
Codal, consolidated financial statements, 12 months to 1404/12/29 (unaudited consolidated; PDF reviewed) ↗ · retrieved 2026-07-10retrieved 2026-07-10
FY1403 consolidated comparative
Revenue 43,681,034M rial ≈ 4,368B toman · net profit 27,132,468M rial ≈ 2,713B toman (audited, restated)
Codal, consolidated statements (comparative column) ↗ · retrieved 2026-07-10retrieved 2026-07-10
Product core
Rahkaran integrated ERP (finance, HR, sales, manufacturing, procurement) plus Rahkaran Cloud
systemgroup.net product pages ↗ · retrieved 2026-07-10retrieved 2026-07-10
Model
Enterprise licences with implementation and support delivered through a 100+ company partner/subsidiary network
systemgroup.net ↗ · retrieved 2026-07-10retrieved 2026-07-10
CEO
Mohammad Azirollahi (romanization ours, from the Persian filing)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Chairman
Farid Fooladi (representative of Ayandeh Negar Dana)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Board
Five corporate seats: Ayandeh Negar Dana (chair) · Hamkaran System Panah Tehran · Hamkaran System Research & Training · Hamkaran Sales Network Development (vice-chair) · Farsad Future Management Development
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Top financial officer
Maryam Shah-Ghasemi (per filing)
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Statutory auditor
Hadaf Novin Negar (alternate: Behrad Moshar), appointed for 2026-27
Codal, AGM decisions filing ↗ · retrieved 2026-07-10retrieved 2026-07-10
Competitive set
Arian System and other tracked enterprise-software vendors; System Group is the category's only listed pure-play at this scale
Tehran Index registry mapping · retrieved 2026-07-10retrieved 2026-07-10
Last full review: 2026-07-10 · Tehran Index research desk · corrections: desk@tehranindex.com
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Registered entity
Legal entityHamkaran System
Entity typeoperating
StatusActive · public JSC, TSE-listed
Evidence & verification
Verification tierReported, single public source
Primary evidencewww.systemgroup.net
Registry identifiersWithheld for compliance
Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →
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