CEO Greetings


In formation and communication sector has appeared to be the main determinant of today’s global development trends, acting as a catalyst of for nation’s social, economic and human development of which importance is increasing steadily. I am sending my cordial greetings to all of our valued shareholders of ‘Itools’ JSC, one of the companies who launched IPO, followed by stable, reliable and permanent operation in this rapidly growing sector. The year of 2018 was full of successes, proving our leading position in the respective field as a result of our diligence, customer’s trust and collaboration, as well as affirming our previous achievements. I am glad to say that under the appreciation of our efforts and the significance of information technology by the government of Mongolia, we have been granted by the Prime Minister the award of ‘Best innovation of service sector’ which motivates and encourages our operation. Quality-based services and constant improvement of corporate governance has brought 13,43% of growth in the sales income compared with 2017, and 19.04% of increase in total number of customers of Itools JSC. Operating income was 559.7 million tugrug in 2017, and reached to 1217.2 million with the growth of 117%, being the significant rise of the accounting year. In 2019, we are planning to enhance our human resources and technological capacity to ensure the information security, and to align the quality of our products and services with global standards, in addition to implementing a variety of projects under the sustained development. We declare to our investors, and domestic and foreign customers that Itools will make efforts with creativity in order to reach our goals set in 2019, and improve information security and its values.

I wish good health, success and wellbeing to you!

Executive director  Tamir.B