Nomin Holding
Nomin Holding is one of Mongolia's largest private business groups, founded in 1992 and operating across retail, import/export distribution, finance, technology, construction and real estate.
Last updated September 29, 2026
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Overview
Nomin Holding LLC (Номин Холдинг ХХК) is a major Mongolian business group founded in 1992, originally under the name "Nomin-5." It was reorganized as "Nomin Trade" LLC in 1996 and became "Nomin Holding" LLC in 2002. The group operates in six main business directions: banking and finance, information technology, construction and real estate, sales and services, import-export distribution, and air transport/automotive logistics. According to its official website, it has created over 6,300 jobs across more than 500 professional fields, contributes about 6% of Mongolia's labor market and 0.5% of the country's GDP tax revenue, and has paid over 700 billion tugrik in taxes and fees since inception. Nomin Holding's retail and service division operates a large network of stores across Ulaanbaatar and rural areas, including department stores, supermarkets, hypermarkets, wholesale centers, and EcoExpress convenience stores. The group has introduced many firsts to the Mongolian market, such as specialized electronics and food retail chains, loyalty discount cards, building material hypermarkets, online commerce, low-price guarantees, and private-label brand development. Its import/export and distribution division includes subsidiaries such as Nomin Electronics, Nomin Foods, Nomin Home Style, Nomin Fashion, Nomin Misheel, Nomin Cosmetics, Nomin Motors, and Nomin Logistics, accounting for about 4.2% of Mongolia's total imports and working with over 1,000 partners from 74 countries, holding official exclusive rights for around 260 franchise and brands. The financial business includes Nomin Insurance (founded 2001), Nomin Union Savings and Credit Cooperative (founded 2000), Nomin Realtor (founded 2005), and Century 21 franchise operations. The technology division includes Nomin Card, a non-bank financial institution offering bonus card services, and the e-commerce site nomin.mn, originally established in 2008. The construction and real estate division includes Ukhaalgyn Erchim Khuch (Smart Energy), Nomin Oil (founded 2017, operating Mongolia's first self-service fuel station), and other units. Nomin Holding remains a private company and is one of Mongolia's most diversified conglomerates.
History
Nomin Holding LLC was founded in 1992 under the name "Nomin-5." In 1996, it was reorganized as "Nomin Trade" LLC, and in 2002 it became "Nomin Holding" LLC. The group expanded into five main business directions: sales and services, finance, import-export distribution, technology, and construction and real estate. Over the years, Nomin Holding introduced many firsts to the Mongolian market, including specialized electronics and food retail chains, loyalty discount cards, building material hypermarkets, online commerce, low-price guarantees, and private-label brand development. Key subsidiaries were established: Nomin Union Savings and Credit Cooperative in 2000, Nomin Insurance in 2001, Nomin Realtor in 2005, and Nomin Oil in 2017. The e-commerce site nomin.mn was originally established in 2008. The group has grown to include over 60 subsidiary companies across six business directions, with a retail network of 64 stores serving over 2 million customers daily. It contributes significantly to Mongolia's economy through taxes and employment.
- 2017
Nomin Oil founded, operating Mongolia's first self-service fuel station
- 2008
nomin.mn e-commerce site originally established
- 2005
Nomin Realtor founded
- 2002
Renamed "Nomin Holding" LLC
- 2001
Nomin Insurance founded
- 2000
Nomin Union Savings and Credit Cooperative founded
- 1996
Reorganized as "Nomin Trade" LLC
- 1992
Founded as "Nomin-5"
Products and positioning
One of Mongolia's leading diversified business groups, pioneering modern retail and consumer services.
Monel
Mongolia's first electrical appliance brand, producing over 560 types of electrical goods since 2001.
Enjoy
Private label brand introduced in 2017 by Nomin Electronics, offering over 650 types of electrical goods.
Wonderer
Snow motorcycles and various motorcycles distributed by Nomin Motors.
Sources5 sources
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