Who is Tek Elektrik?

TEK Elektrik is a brand of KGM Energy and operates in Turkey as a subsidiary of Kusto Group Inc.

Yerkin Tatishev is the Founding Chairman of Kusto Group, a Singapore-based industrial holding with an annual revenue exceeding $1 billion. Born in Kazakhstan in 1976, Yerkin Tatishev, at the age of 22, focused on transforming a local mining and manufacturing enterprise alongside a group of entrepreneurial colleagues. This effort became a success story of transformation under challenging conditions, and during this time, the idea of Kusto Group was born.
Beyond turning Kusto Group into a multinational, multi-sector entity, Yerkin Tatishev has also led various business, cultural, and philanthropic projects. In 2005, he founded the Yerzhan Tatishev Foundation, which provides educational scholarships for young people in honor of his late brother. Yerkin Tatishev is passionate about education, innovation, and entrepreneurship and recently established the High Tech Academy, one of the first project-based learning schools in Central Asia, in Almaty, Kazakhstan.

Additionally, Yerkin Tatishev is the majority shareholder of Tek Elektrik (KGM Energy) as a personal investment. He also co-owns the Radisson Collection Hotel in Tsinandali, Georgia, through a partnership with the Georgian Silk Road Group.

In Kazakhstan’s 2019 list, Yerkin Tatishev was ranked 16th, with a recorded personal wealth of $412 million. He also won the EY World Entrepreneur Of The Year™ Class of 2022 award in Monaco in June 2022.
Read more on Forbes.

Kusto Group operates across 4 continents and in 10 countries, including Turkey, Kazakhstan, Canada, China, Georgia, Israel, Russia, Singapore, Vietnam, and Ukraine, engaging in various industries.

Kusto Group’s investment journey in Turkey began in 2007 with the Petkim privatization bid. This was followed by a partnership with Şekerbank from 2007 to 2009 and, since 2013, pioneering energy sector investments through TEK Elektrik.

KUSTO GROUP

KUSTO AGRICULTURE AND LIVESTOCK

KUSTO PETROLEUM

KUSTO VIETNAM

COTECCONS	Cement and Construction Materials	Construction
Kusto is the main investor in Coteccons, the only Vietnamese construction company invited to bid for large and complex government projects alongside Korean and Japanese construction firms. Coteccons is known for its superior technology and management systems, which distinguish it from competitors.

Listed on the Ho Chi Minh Stock Exchange, Coteccons doubled its revenues between 2012 and 2015 with over 1,500 employees. By 2020, through a merger and acquisition strategy, Coteccons aimed to secure a 10% market share in residential and industrial construction in Vietnam.

Kusto’s cement companies are regional leaders in central Vietnam, with a 20% market share and an annual cement production capacity of 4 million tons. One of the group’s companies, Vietnam Construction Materials, also exports clinker.

Kusto is developing the Diamond Island project, which introduces a new standard of luxury and quality to Ho Chi Minh City.

The project covers a total land area of 8 hectares, with a 360-degree waterfront view, making Diamond Island the most exclusive condominium project in the market.

The project consists of two phases, with a total construction area of 215,000 square meters.

KUSTO MINING

The history of Kusto Group is rooted in the experiences of a group of young reformist entrepreneurs.

Led by Yerkin Tatishev, Kusto emerged after the collapse of the Soviet Union, when many previously successful industries and facilities became non-operational due to years of underinvestment and neglect.

The hardest-hit areas were single-resource towns and communities whose prosperity relied on an ecosystem of interconnected mines, factories, and production units. Nowhere was this more evident than in Zhitigara, a region in northwest Kazakhstan with a proud history built around local chrysotile mining and manufacturing enterprises, such as Kustonayasbest (later renamed Kostanai Minerals).

KUSTO ENERGY