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Tselmuun Nyamtaishirof Mongolyn Alt Mak Leads National Charity Effort
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January 25, 2021 16:16 +08
The role of women in Mongolia s business community has been steadily on the rise since the country reoriented towards the market economy in the early 90s. Tselmuun Nyamtaishir, CEO and President of one of the largest Mongolia s business groups, Mongolyn Alt Mak, is an outstanding example of a Valparaiso University, IN, young female business leader. She is a good example of a successful 2
nd generation business leader in Mongolia.
The business group she heads was founded by Tselmuun s father, Nyamtaishir Byambaa, in 1993, and is made of companies active in metals and mining, banking, construction materials, hospitality, and aviation, a combination requiring a wealth of specific knowledge and management acumen. Having started in the family business in 2009, Tselmuun has moved up in the ranks to occupy the leading executive position through her comprehensive management experience a
Mongolia’s Altai Holding a conglomerate of ten companies, including robust and leading companies in various sectors headed by a western-educated, young, and innovative leader Battushig Batbold has been at the forefront of change in the fast-growing Asian democracy in the last twenty plus years.
Altai Holding was created in 1992, at the time of Mongolia’s transition from socialism to a market economy, by Battushig’s father Sukhbaatar Batbold, a shrewd entrepreneur and a charismatic politician, who later served as the country’s 26th prime minister from 2009 to 2012. The company started in the traditional cashmere industry as the first privately-owned trader of Mongolia’s cashmere on the foreign market as well as one of the few local hospitality businesses through the Chinggis Khaan Hotel, and has since expanded to modern brick-and-mortar retail and e-commerce, hospitality, telecommunications, and entertainment. In the early 1990’s, the elder Batbold, Sukhbaatar Batb