31.1 billion GEL – this is the aggregated income of the 100 largest private companies in Georgia excluding the banking sector.
This exclusive ranking, derived from an analysis of the 2021 financial statements of the featured companies, categorizes them based on their revenue streams. The dominant sectors within this list – energy, retail trade, healthcare, and communications, showcase the diverse nature of Georgia’s business environment.
The list does not include state-owned companies, as Forbes compiles separate rankings for this category.
Approved by GRANT THORNTON LLP

1 – LLC Socar Energy Georgia
Revenue in GEL: 2,175,850,000
Socar Energy Georgia is the largest Georgian company by revenue due to sales generated by its subsidiaries – Socar Georgia Petroleum and Socar Gas.
Owner: Government of the Republic of Azerbaijan

2 – JSC Georgia Healthcare Group
Revenue in GEL: 1,211,769,000
Georgia Healthcare Group is the largest healthcare holding company in Georgia, incorporating Evex hospitals and the pharmacy chains GPC and Pharmadepot.
Owner: Georgia Capital PLC

3 – LLC Tegeta Motors (Group)
Revenue in GEL: 797,152,000
Sale of vehicles and vehicle parts, automotive after-sale services
Owner: Temur Kokhodze

4 – JSC Nikora
Revenue in GEL: 749,678,000
JSC Nikora incorporates a meat production company, as well as the supermarket chains in Georgia – Nikora and Libre.

5 – LLC PSP Pharma
Revenue in GEL: 745,080,000
PSP Group operates over two hundred pharmacies across Georgia. The group also operates a network of hospitals in Tbilisi and other regions of Georgia.
Owners: 95% – Kakhaber Okriashvili, 5% – Tengiz Jamelashvili

6 – LLC Rompetrol Georgia
Revenue in GEL: 734,787,932
Rompetrol is the main brand of the KMG International, which is owned by the Kazakh national oil company KazMunayGaz. The main activity of Rompetrol is oil extraction, processing and selling.
Owner: Parent company: MG International N.V. Final controller: sovereign welfare fund JSC Samruk-Kazyna (owned by the Government of Kazakhstan)

7 – LLC Steel International Trading Company
Revenue in GEL: 709,913,015
Steel International Trading Company is one of the most profitable companies trading in ferroalloys, coke and coal in Georgia.
Owner: Giorgi Chelidze

8 – LLC Sun Petroleum Georgia (Gulf)
Revenue in GEL: 706,045,000
San Petroleum Georgia, which represents Gulf in Georgia since 2020, imports fuel from European oil refineries and owns about 140 gas stations across the country.

9 – LLC Aversi Pharma
Revenue in GEL: 690,807,000
Aversi operates over two hundred pharmacies across Georgia, a network of hospitals in Tbilisi and other regions of the country.
Owners: 67% – Paata Kurtanidze, 33% – Nikoloz Kurtanidze

10 – LLC Atlas Holdings (Adjarabet)
Revenue in GEL: 639,290,000
Atlas Holdings is mainly engaged in the gaming industry. The group offers its users an online casino and an online sports betting through Adjarabet platforms.
Owner: Flutter Entertainment PLC
Change in revenue of the 10 largest companies in 2018-2021
The 100 Largest Georgian Companies by Revenue
# | Company | Revenue 2021 | Change in the ranking | Industry |
1 | LLC SOCAR ENERGY GEORGIA | 2,175,850,000 | ✔︎ | OIL AND GAS DISTRIBUTION |
2 | JSC GEORGIA HEALTHCARE GROUP | 1,211,769,000 | ✔︎ | HEALTHCARE, PHARMACEUTICS |
3 | LLC TEGETA MOTORS (GROUP) | 797,152,000 | ⬆︎ 1 | SALE OF VEHICLES AND VEHICLE PARTS, AUTOMOTIVE AFTER-SALE SERVICES |
4 | JSC NIKORA | 749,678,000 | ⬆︎ 2 | RETAIL, FOOD PRODUCTION |
5 | LLC PSP PHARMA | 745,080,000 | ✔︎ | HEALTHCARE, PHARMACEUTICS |
6 | LLC ROMPETROL GEORGIA | 734,787,932 | ⬆︎ 10 | SALE OF OIL PRODUCTS |
7 | LLC STEEL INTERNATIONAL TRADING COMPANY | 709,913,015 | ⬆︎ 41 | SALE OF METALS AND ALLOYS |
8 | LLC SUN PETROLEUM GEORGIA | 706,045,000 | ⬆︎ 4 | SALE OF OIL PRODUCTS |
9 | LLC AVERSI PHARMA | 690,807,000 | ⬇︎ 1 | HEALTHCARE, PHARMACEUTICS |
10 | LLC ATLAS HOLDINGS (ADJARABET) | 639,290,000 | ⬆︎ 9 | GAMBLING |
11 | LLC GDI | 618,420,000 | ⬇︎ 2 | SALE OF TOBACCO PRODUCTS |
12 | LLC ORI NABIJI | 592,659,582 | ⬆︎ 6 | RETAIL |
13 | LLC PHILIP MORRIS GEORGIA | 592,021,000 | ⬇︎ 2 | SALE OF TOBACCO PRODUCTS |
14 | LLC MAJID AL FUTAIM HYPERMARKERTS GEORGIA | 570,301,000 | ⬇︎ 1 | RETAIL |
15 | LLC SILK ROAD GROUP HOLDING | 559,957,000 | ✔︎ | COMMUNICATIONS |
16 | LLC TOYOTA CAUCASUS | 544,304,410 | ⬇︎ 9 | CAR SALES |
17 | JSC WISSOL PETROLEUM GEORGIA | 530,092,000 | ⬆︎ 7 | OIL SALES |
18 | LLC MAGTICOM | 520,433,000 | ⬇︎ 4 | COMMUNICATIONS |
19 | LLC LUKOIL GEORGIA | 473,960,000 | ⬆︎ 14 | OIL PRODUCTS |
20 | LLC RETAIL GROUP (MAGNITI) | 460,240,000 | ⬆︎ 6 | RETAIL |
21 | LLC MARS (CRYSTALBET) | 453,559,000 | ⬆︎ 1 | GAMBLING |
22 | JSC RMG COPPER | 439,804,000 | ⬇︎ 12 | MINING, METALLURGY |
23 | JSC ENERGO-PRO GEORGIA | 436,959,000 | ⬇︎ 20 | ENERGY, ELECTRICITY DISTRIBUTION |
24 | LLC HEIDELBERGCEMENT GEORGIA | 415,295,000 | ⬇︎ 1 | CEMENT PRODUCTION |
25 | SPAR GEORGIA (JSC FOODMART) | 388,309,000 | ⬆︎ 3 | RETAIL |
26 | LLC TBILISI ENERGY | 363,293,000 | ⬆︎ 1 | NATURAL GAS SALES |
27 | GT GROUP | 352,982,113 | ⬆︎ 8 | SALE OF VEHICLES AN VEHICLE PARTS, AUTOMOTIVE AFTER-SALE SERVICES |
28 | LLC GEOSTIL | 351,606,000 | ⬆︎ 14 | METALLURGY |
29 | LLC ALTA | 350,048,000 | ⬆︎ 1 | ELECTRONICS |
30 | RUSTAVI STEEL | 337,806,000 | ⬆︎ 6 | METALLURGY |
31 | TBILISI ELECTRICITY SUPPLY COMPANY (TELMICO) | 326,407,000 | Firs time in the ranking |
ENERGY, ELECTRICITY DISTRIBUTION |
32 | LLC ELIZI GROUP | 323,077,000 | ⬇︎ 3 | TOBACCO SALES, DISTRIBUTION |
33 | LLC PORTAL PETROLEUM GEORGIA | 310,260,000 | ⬆︎ 16 | OIL PRODUCTS |
34 | JSC GHL GEORGIA (JIBE) | 308,840,000 | ⬇︎ 3 | RETAIL AND WHOLESALE TRADING |
35 | LLC ADJARA TEXTILE | 294,336,684 | ⬆︎ 17 | TEXTILE AND CLOTHING PRODUCTION |
36 | LLC GRC | 289,739,000 | ⬆︎ 11 | MANUFACTURING AND IMPORT OF ELECTRONIC MATERIALS |
37 | LLC RMG GOLD | 289,297,000 | ⬇︎ 16 | MINING, METALLURGY |
38 | JSC COCA-COLA BOTTLERS GEORGIA | 283,676,000 | ✔︎ | BEVERAGE PRODUCTION |
39 | LLC GEO SKY AIRLINES | 268,746,580 | ⬆︎ 57 | AVIATION |
40 | LLC ANAGI | 254,268,000 | ⬇︎ 6 | CONSTRUCTION, DEVELOPMENT |
41 | LLC DAYDREAM UNIVERSAL GEORGIA (BETLIVE) | 251,781,704 | ⬆︎ 87 | GAMBLING |
42 | JSC ELIT ELECTRONICS | 244,132,000 | ⬆︎ 1 | ELECTRONICS |
43 | LLC JTI CAUCASUS | 239,117,596 | ⬇︎ 3 | TOBACCO PRODUCT SALES |
44 | LLC ZOOMMER GEORGIA | 236,204,993 | ✔︎ | ELECTRONICS |
45 | LLC BMC GEORGIA | 233,609,797 | ✔︎ | CONSTRUCTION AND RENOVATION MATERIALS |
46 | LLC CHINA ROAD AND BRIDGE CORPORATION – GEORGIAN BRANCH | 223,204,085 | ⬆︎ 4 | CONSTRUCTON |
47 | LLC DIPLOMAT GEORGIA | 207,159,000 | ⬇︎ 6 | DISTRIBUTION |
48 | LLC UGT | 203,879,541 | ⬇︎ 2 | COMPUTERS AND AUDIO/VIDEO EQUIPMENT |
49 | LLC HUNAN ROAD AND BRIDGE CONSTRUCTION GROUP – GEORGIAN BRANCH | 201,104,370 | ⬆︎ 12 | CONSTRUCTION |
50 | LLC CHIATURMANGANESE GEORGIA | 188,953,648 | ⬆︎ 84 | METALLURGY |
51 | JSC POTI SEA CORPORATION | 187,488,000 | ⬇︎ 12 | TRANSPORTATION AND MARITIME SHIPPING |
52 | LLC SMART CAPITAL GROUP | 187,264,000 | ⬆︎ 25 | ENERGY, OIL, REAL ESTATE, TECHNOLOGY AND MANAGEMENT |
53 | LLC GMP | 183,285,100 | ⬆︎ 7 | PHARMACEUTICS |
54 | JSC TELASI | 181,928,000 | ⬇︎ 37 | ENERGY, ELECTRICITY DISTRIBUTION |
55 | LLC SHARM TRADING | 181,903,000 | ⬇︎ 1 | COMMERCE, DISTRIBUTION |
56 | JSC METAL CONSTRUCTION GEORGIA | 180,259,982 | Firs time in the ranking | DISMANTLING AND SALE OF METAL PRODUCTS, CONSTRUCTION, PRODUCTION OF FERROALLOYS |
57 | LLC CITADEL | 179,774,056 | ⬆︎ 10 | SALE OF CONSTRUCTION MATERIALS |
58 | LLC LUX OIL | 179,264,161 | ⬆︎ 15 | IMPORT OF OIL PRODUCTS |
59 | LLC MAJOREL GEORGIA | 176,036,000 | ⬆︎ 29 | OUTSOURCING, ADMINISTRATIVE SERVICES |
60 | LLC IBEROIL | 175,912,783 | ⬆︎ 15 | SALE OF OIL PRODUCTS |
61 | JSC LOMISI (BREWERY NATAKHTARI) | 167,225,000 | ⬆︎ 3 | PRODUCTION OF ALCOHOLIC AND NON-ALCOHOLIC BEVERAGES |
62 | LLC GEODISTRIBUTION | 167,064,000 | ⬇︎ 7 | TOBACCO SALES, DISTRIBUTION |
63 | JSC GEORGIAN BEVERAGES (TELIANI VALLEY, GLOBAL BEER GEORGIA) | 166,668,000 | ⬇︎ 6 | PRODUCTION AND DISTRIBUTION OF ALCOHOLIC BEVERAGES |
64 | LLC NOVA | 165,841,000 | ⬇︎ 2 | PRODUCTION, IMPORT AND SALE OF CONSTRUCTION MATERIALS |
65 | LLC COCA-COLA DISTRIBUTION | 163,338,000 | ⬆︎ 9 | RETAIL, DISTRIBUTION |
66 | LLC FULL HOUSE (CROCOBET) | 163,019,000 | ⬆︎ 53 | GAMBLING |
67 | LLC MEGACO | 161,784,000 | ⬇︎ 4 | ALCOHOLIC BEVERAGE PRODUCTION, DISTRIBUTION |
68 | LLC TAV URBAN GEORGIA | 159,840,000 | ⬆︎ 59 | AVIATION AND TRANSPORT SERVICES |
69 | LLC GEORGIAN WATER AND POWER | 158,833,000 | ⬆︎ 3 | WATER SUPPLY, ENERGY |
70 | Eurosteel | 158,628,910 | ⬆︎ 9 | CONSTRUCTION MATERIALS |
71 | LLC PETROCAS FUEL SERVICES GEORGIA | 155,075,000 | ⬆︎ 67 | SALE OF OIL PRODUCTS |
72 | JSC T&R DISTRIBUTION | 154,903,000 | ⬇︎ 19 | TOBACCO SALES, DISTRIBUTION |
73 | LLC AGROHUB | 154,276,008 | ⬇︎ 8 | RETAIL |
74 | LLC WIMM-BILL-DANN GEORGIA (SOPLIS NOBATI) | 152,906,000 | ⬇︎ 6 | PRODUCTION AND DISTRIBUTION OF DAIRY PRODUCTS |
75 | LLC DAILY | 152,572,000 | ⬆︎ 27 | RETAIL |
76 | LLC GEORGIAN INDUSTRIAL GROUP HOLDING | 150,163,000 | ⬇︎ 39 | ENERGY |
77 | LLC GEORGIAN DISTRIBUTION AND MARKETING COMPANY | 149,289,000 | ⬇︎ 6 | DISTRIBUTION |
78 | LLC EVOLUTION GEORGIA | 145,314,000 | ⬆︎ 17 | GAMBLING |
79 | JSC GOODWILL | 144,863,000 | ⬇︎ 21 | RETAIL |
80 | LLC CLEAN HOUSE | 140,126,000 | ⬇︎ 11 | RETAIL |
81 | LLC T&K RESTAURANTS (MCDONALD’S GEORGIA) | 138,804,945 | ⬆︎ 13 | FAST FOOD RESTAURANTS |
82 | LLC LC WAIKIKI | 137,726,000 | ⬆︎ 4 | SALE OF CLOTHING AND ACCESSORIES |
83 | JSC INSURANCE COMPANY GPI HOLDING | 135,966,000 | ⬇︎ 17 | INSURANCE |
84 | LLC MODUS | 132,656,916 | ⬇︎ 14 | COMMERCE |
85 | LLC CHAMPIONS 111 (EUROPEBET) | 131,069,000 | ⬇︎ 4 | GAMBLING |
86 | LLC IBERIA BUSINESS GROUP | 128,752,209 | ⬆︎ 26 | COMMERCE |
87 | MERCEDES-BENZ GEORGIA (JSC AKA) | 126,161,000 | ⬆︎ 28 | SALE OF VEHICLES AND VEHICLE PARTS, AUTOMOTIVE AFTER-SALE SERVICES |
88 | LLC POTI GRAIN TERMINAL | 126,146,230 | ⬇︎ 5 | TRANSPORTATION |
89 | LLC CELLFIE MOBILE | 125,802,000 | ⬇︎ 7 | COMMUNICATIONS |
90 | JSC INSURANCE COMPANY ALDAGI | 122,794,000 | ⬇︎ 5 | INSURANCE |
91 | JSC ENERGO-PRO GEORGIA GENERATION | 120,547,000 | ⬆︎ 19 | ELECTRICITY PRODUCTION |
92 | LLC K-WASH | 120,075,535 | ⬆︎ 45 | IMPORT OF OIL PRODUCTS |
93 | LLC MIXORI GROUP (ZEDAZENI) | 117,781,000 | ⬇︎ 6 | PRODUCTION OF ALCOHOLIC AND NON-ALCOHOLIC BEVERAGES |
94 | LLC GDG | 117,341,750 | ⬆︎ 5 | DISTRIBUTION |
95 | LLC PACE GEORGIA | 115,869,000 | ⬇︎ 3 | TRANSPORTATION AND MARITIME SHIPPING |
96 | LLC TOYOTA CENTRE TBILISI | 115,475,342 | ⬆︎ 5 | SALE OF VEHICLES AND VEHICLE PARTS, AUTOMOTIVE AFTER-SALE SERVICES |
97 | LLC LEADER-BET SLOT | 114,287,000 | ⬆︎ 7 | GAMBLING |
98 | JSC TBC INSURANCE | 113,774,000 | ⬆︎ 8 | INSURANCE |
99 | LLC DAPNA | 113,347,014 | ⬇︎ 21 | DISTRIBUTION |
100 | LLC KAKHETIAN TRADITONAL WINEMAKING | 112,583,482 | ⬇︎ 24 | ALCOHOLIC BEVERAGE PRODUCTION |
Methodology
The ranking of the 100 largest companies by revenue relies on the analysis of publicly disclosed financial statements of the firms, accessible on reportal.ge. The list is compiled with the data of the first category and first group companies.
Certain companies, that should probably be in the ranking, do not have their own 2021 financial statements publicly published, therefore, they are omitted from the ranking.
Acknowledging that numerous listed companies possess subsidiary organizations, our methodology for each group involves relying on consolidated financial reports, in which the finances of all subsidiaries are combined. For instance, Socar Energy Georgia includes Socar Petroleum, Socar Gas and other subsidiary organizations. Likewise, for companies representing groups, we refer to the consolidated financial statements of the parent company.
In instances where financial reports are presented in US dollars, the ranking reflects the data in the equivalent of GEL, using the average exchange rate for 2021.
The ranking is based on publicly available company data, irrespective of auditors’ conclusions. This includes scenarios where auditors either confirm the fair presentation of the company’s financial statements in full, under specific conditions or even choose not to express an opinion in the report.
Im obliged for the blog article.Thanks Again. Really Cool.
After you have mounted ezCheckPrintingFree License Key – Get a Free Activation Code – Serial Keylicense key
Thank you for any other fantastic article. Where else couldanyone get that type of info in such an ideal approachof writing? I have a presentation next week, and I am on thesearch for such info.
Really enjoyed this blog post. I’ll be back to see more sometime. Have an awesome week.
Really great content. I’ll be back to view more. Thanks for sharing it.
I think this is a real great blog.Thanks Again. Great.
I truly appreciate this blog post.Much thanks again.
A big thank you for your blog. Keep writing.
Hey, thanks for the article. Cool.
I appreciate you sharing this article post. Keep writing.
Im obliged for the blog post.Really looking forward to read more. Awesome.
Im grateful for the post.Really thank you! Will read on…
Thank you ever so for you article post.Thanks Again.
It’s nearly impossible to find experienced people for this topic, but you seem like you know what you’re talking about! Thanks
When I originally commented I clicked the « Notify me when new comments are added » checkbox and now each time a comment is added I get several e-mails with the same comment. Is there any way you can remove people from that service? Thanks!
ivermectin dose for humans tractor supply ivermectin for dogs
Hi there, everything is going fine here and ofcourse every one is sharing facts, that’s really good, keepup writing.
I’m truly enjoying the design and layout of your blog.It’s a very easy on the eyes which makes it much more pleasant for me to come here andvisit more often. 온라인카지노
There is definately a great deal to find out about this subject.I love all of the points you’ve made.
My brother recommended I might like this blog. He was entirely right. This post truly made my day. You can not imagine simply how much time I had spent for this info! Thanks! Dosi Pacorro Essy
scoliosisThanks in favor of sharing such a good opinion, post is nice, thats why ihave read it entirely scoliosis
I blog frequently and I truly appreciate your content. The article has truly peaked my interest. I’m going to take a note of your blog and keep checking for new information about once a week. I subscribed to your Feed too.
Hey, thanks for the blog post.Much thanks again.
What necessary words… super, an excellent phrase
WOW just what I was looking for. Came here by searching for pho
Hey, thanks for the blog post.Really looking forward to read more. Cool.
Yes, a quite good variant
In my opinion you are not right. Let’s discuss. Write to me in PM, we will talk.
Thank you for any other wonderful article. Where else could anybody get that kind of info in such a perfect method of writing? I have a presentation next week, and I am at the search for such info.
Hi, I do believe this is an excellent blog. I stumbledupon it 😉 I’m going to revisit once again since I book marked it. Money and freedom is the best way to change, may you be rich and continue to help others.
Usually I do not read article on blogs, however I wish to say that this write-up very pressured me to try and do it! Your writing taste has been amazed me. Thank you, very nice article.
prednisone for gout what is prednisone used for in dogs how much is prednisone
propecia generic propecia – propecia for sale
Waking up I could still feel the sticky residue of cum on my cock, the light of the morning was just streaming through the window.
Tremendous issues here. I’m very happy to look your post. Thank you so much and I am taking a look ahead to contact you. Will you please drop me a mail?
I am extremely inspired with your writing skills as well as with the layout on your weblog. Is this a paid subject or did you customize it yourself? Either way keep up the nice high quality writing, it’s rare to look a nice weblog like this one today..
I truly appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You have made my day! Thank you again
A lot of of what you point out is astonishingly accurate and that makes me wonder why I had not looked at this in this light previously. Your piece really did turn the light on for me personally as far as this issue goes. Nevertheless at this time there is actually 1 position I am not really too comfy with so while I make an effort to reconcile that with the actual core theme of the position, allow me observe what the rest of the readers have to point out.Nicely done.
I was recommended this website through my cousin. I am now not certain whether this submit is written by him as no one else recognise such distinctive approximately my trouble. You are wonderful! Thank you!
certainly like your web site but you need to check the spelling on quite a few of your posts. A number of them are rife with spelling issues and I find it very troublesome to tell the truth nevertheless I’ll definitely come back again.
You completed several nice points there. I did a search on the subject matter and found most persons will go along with with your blog.
Im grateful for the article.Really looking forward to read more.
Hi mates, its fantastic paragraph on the topic of teachingand fully defined, keep it up all the time.
This version has become outdated
My spouse and I absolutely love your blog and find nearly all of your post’s to be precisely what I’m looking for. Would you offer guest writers to write content available for you? I wouldn’t mind publishing a post or elaborating on most of the subjects you write about here. Again, awesome blog!
Remove everything, that a theme does not concern.
Вы не пробовали поискать в google.com?
Your method of describing the whole thing in this paragraph is really nice, all be able to effortlessly be aware of it, Thanks a lot.
Your method of telling all in this post is really good, all be able to effortlessly know it, Thanks a lot.
Really enjoyed this post.Much thanks again. Great.
Great article. I am dealing with some of these issues as well..
I like the helpful information you provide in your articles.I’ll bookmark your blog and check again here regularly. I am quite sure I’ll learn plenty of new stuff right here!Best of luck for the next!
I shall afford will disagree with you
393390 981316As being a Newbie, Were permanently exploring online for articles which can be of help to me. A lot of thanks 217774
wow, awesome article.Much thanks again. Great.
Thanks for sharing, this is a fantastic blog article.Thanks Again. Great.
You’ll come across the same on the mobile side, albeit in condensed format whichis optimized for smaller screens.
Muchos Gracias for your article.Really thank you! Really Cool.
Very good blog post.Thanks Again.