HITCO Holding History
Mr. Jamshid Babaie commenced his professional & commercial activities in 1965 by collaborating with Tolid Darou (One of the prominent pharmaceutical producer at a time).
Tolid Darou used to be managed by the Khosroshahi gentlemen (as a family privately owned company) in that year.
This fruitful cooperation and latter partnership, was fulfilled with practical treasured experiences captured by Mr. Jamshid Babaie from the well-reputed entrepreneur, Mr. Khosroshahi.
Mr. Jamshid Babaie, in line with reaching to his thriving goals, after a period of 4 successful years in Tolid Darou and leaving behind a cherished touch, joined the Don Baxter international firm (Today is known as the “Iranian Intravenous Injectable Solutions”).
Given the rich experience and the knowledge of Mr. Babaie in manufacturing and distributing of injection serums, he launched a dialogue with HOECHST AG. He managed to persuade the giant corporate to enter in Iran market, and given that a developed and equipped production site was already in place, the German side agreed to even transfer the know-how. The German company found the facilities impressive and was encouraged to invest.
Between the years 1970 to late 1980, HOECHST AG became the market leader, supporting millions of Iranian patients, as a result of remarkable efforts and expertise of Mr. Babaie. Regretfully, the chapter of HOECHST AG was closed in the country, as a result of the devastating battle, imposed by Iraq which took close to 8 years.
In 1981, Jamshid Babaie recommenced his business affairs, as a dynamic member of the Iranian healthcare society, by founding two healthcare oriented firms, Aradco and Shiraz Health. These affairs enriched HITCO Holding history. These two firms acted as the exclusive representative of German Lawton products, as well as supplying surgical sutures, tools, and a wide range of disposables.
This setup sustained till 1997, after which, in line with policies of supporting local production in the country, Mr. Jamshid Babaie eagerly chased his career in Varian Teb Company. Varian Teb used to provide quality monofilament and multifilament surgical sutures.
Varian Teb continued to expand till 2001 by the leadership of Jamshid Babaie and consequently merged with Teb Novin Group of companies that used to actively work with universities, seeking innovative solutions.
In 2005, Mr. Jamshid Babaie, after ensuring that adequate skills, knowledge, as well as a patient oriented mindset, all have been professed by his son, Ali Bababie, encouraged him to join the company.
It did not take a long time for Mr. Ali Babaie, to signify his impact. He managed to enhance the revenue considerably and turned into the best performer of the company, during the first year.
Accordingly, Mr. Jamshid Babaie, allocated the full responsibility of the organization to Ali Babaie, and since he has been pursuing the prosperous path of Jamshid Babaie, and while leading the company, in parallel, managed to become proficient at several areas such finance, marketing, business operation and negotiation techniques.
He successfully negotiated with mega firms such as 3M, Teleflex and HatMann and turned into the official scientific representative of a certain ranges of products. In terms of founding, he established distributors such as Teb Novin and Momtaz.
In 2010, Mr. Ali Babaie made the decision to continue his journey, individually. Hence, left the Iran Pharmis Group, and established a new corporate call Health Investment Company (HITCO Group), which today represents well known brands, such as G.U.M, Pelz Grpup of Germany and multiple pharmaceutical premium international companies.
The HITCO Group, by an agile and to some extent intensive expansion plans, seems to be family with 28 subsidiaries.
Read More About Hitco Group
Imen Pharmed Iranian
Pak Salamat Tamin
Tamin Pharmed Tehran
Tamin Shafa Pars
Health Investment Tamin
Tamgene Salamat Pars
Exon Salamat Tamin
Kiara Zist Phamed
Delsa Darou Pars
Aradco Pars
Pishtaz Darou Tamin
Darou Behbood Tamin
Shetab Dahandeh Dana
Farzanegan Kish
Sorinet
Novin Darou Zist Fanavar Haraz
Zhoubin Mehr
Cara Yakhteh Tajhiz Azma
A Message from the Chairman and Owner
We, represented as the Hitco group, proudly apply our ideas, knowledge, and experience to qualify all our work and professional efforts, aimed to improve the well-being and health of the society. We proudly consider using the highest professional and ethical standards in every affair we conduct. We have considerable respect for the rights of our colleagues, customers, the society we are working in, the planet we live on, alongside the impacts of the actions that we undertake. This consideration is in accordance with the fundamental values and corporate goals. Working intelligently with companionship and empathy towards the goals of our organization and the prosperity of the country, it is hoped to provide knowledge and expertise fast, precisely, and excellently. Chairman and Owner Ali BabaieOur Mission
To propel toward the ambitious vision, the scope of activities of the HITCO Group, has not been confined to the supply of therapeutic & preventive agents, meaning that the education of the healthcare community, patient centricity, as well as expediting treatment and diagnostic solutions, has always been equally cherished.
Our Vision
The perception is to improve the quality of life of the individuals, to the greatest spectrum possible, in national and international levels.
Philosophy
Our belief is that even solicitousness around the welfare of the humankind, is sacred
Values
CSR
Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns into their business operations and interactions with their stakeholders. Some examples of CSR components are reducing carbon footprint and energy consumption, engaging in wildlife conservation initiatives, encouraging charity and volunteer work, supporting local communities, improving labor policies The core value of HITCO (Under the previous title of Mehr Gostare Tamin Daroo) is to embed Corporate Social Responsibility (CSR) within all business affairs and to observe the social and environmental impact of each decision. “We believe actions speak louder “, thus, the corporation joined the UN Global Compact Supporters in 2011.
01
Patient Centricity
In line with the respected values and policies of the HITCO Group, the majority of the operational activities, are being carried out with the ultimate objective of serving the patients, as well as the public, not only in terms of product supply but also embedding various effective and consistent educative and awareness campaigns, throughout the year. Additionally, a thoughtfully designed weblog has been developed for the public in this context, within the corporate webpage, enriched with essential educative content. Meanwhile, the ambition is to create various web-based healthcare tools, tailored to each therapeutic area, assisting patients to adopt a healthier lifestyle, with an improved self-care mindset.
02
Enriching Local Production Capacity
HITCO Group believes in improving core production capacities of the country through two principal methodologies: - Supporting, empowering, and investing in the expansion of knowledge-based local start-ups, specializing in the development of modern healthcare solutions. Knowledge-based enterprises act as impactful facilitators, catalyzing the process of converting a knowledge or knowledge-based product, into a practical commodity in the market. - Encouraging world-class pharmaceutical & biotechnological pharma giants to transfer the know-how to the country, benefiting the overall healthcare community. Know-how is defined as a set of practical knowledge, skills, or expertise. In this context, it is referred to an assortment of methods or techniques of production of certain solutions in healthcare.
03
Diversity
Diversity has always been respected and considered in the human capital, in a way that employees with various backgrounds and ethnicities have become quite impactful and active members of the organization. Diversity has always been considered a respected attribute and well-thought-out in the agenda of the human capital & resource buildup, in a way that employees with various backgrounds, ethnicities & beliefs have turned into quite impactful and active members of the organization. Diversity in the workplace means having a workforce inclusive of different backgrounds and national origins. It means gender, socioeconomic, and cultural diversity — and beyond. It also means that the organization fosters a sense of belonging that makes everyone feel like they are part of the team.
04
