First Introductory sessions on stocks of TOSEE FANAFZAR TOSAN Co. known with its commercial brand “TOSAN TECHNO” and trade symbol “FANAFZAR” was held in Iran Over-the-Counter (OTC) market also known as Iran Fara Bourse (IFB) Organization building on Saturday July 22, 2023.

Representatives of company, evaluator company, IFB and reporters attended the session where TOSAN Founder, Waliullah Fatemi Ardakani, CEO Mohammad MAzaheri, and CFO Asghar Akbarzadeh introduced the company.

TOSEE FANAFZAR TOSAN Co. is a subsidiary of Tech Vesta Technology Investment company and its greatest subsidiary in term of financial turnover, CEO and Board Member, Mohammad Mazageri said.

TOSAN TECHNO is type two knowledge-based in production and knowledge-based type-one in AI and is trying to receive he type one knowledge-based company certificate in e-payment products, he added.

Giving a summary of TOSAN TECHNO and its subsidiaries, Mazaheri said, this company has five business units which all are either market leader or among the main players in their respective fields. Main business of TOSAN TECHNO is in e-payment terminals and banking machines, while Point is active in maintenance of e-payment terminals and banking machines. Artin business unit work in AI-based solutions including chatbots, identification and etc. while Shop Company provides integrated shop solutions and Mani Tech Co. is the largest secure and independent banking machines network in Iran.

TOSAN TECHNO stood 263 in latest Iran 500 with over 721 personnel and has been constantly profitable since 2013. Last capital increase was in 2009 when a 150 B Tomans cap was reached and this year the company is planning to increase its registered capital to 500 B Tomans.

On company development and strategic plans, Mazaheri said, securing first position among e-payment terminal companies, objective presence in B2C market, fintech based business development and presence in regional markets are among the main goals of this year.

Company CFO, Asghar Akbarzadeh reviewed financial reports and then representative of TOSAN TECHNO evaluating company, AICO, Ahmad Pouyanfar spoke while TOSAN Founder, Waliullah Fatemi spoke on company performance and visions.

Second introductory session of TOSAN TECHNO Stocks will be on Sunday July 23, 2023 when company managers will answer questions of present reporters as well as questions registered on Publishers Data Analysis Site (TEDAN).