"Gilan Holding" LLC rebranded on May 16 this year without notifying its partners and the public about it. The other day the company announced a reorganization https://vergiler.az/news_print.php?announcement_id=71769 by merging with it six little-known companies established in 2016-2017 in Baku and the Gabala region. Today "Gilan Holding" LLC is called "X?zri Solutions" LLC (TIN: 1400725191). It was joined on June 23 by LLC 'Opsion' (TIN: 1802990061), LLC 'Divident' (TIN: 180299019), LLC Reform Ko (TIN: 1803044271), LLC 'Alqoritm.Az ' (TIN: 4401042371), LLC 'Veksel" (TIN: 4401042241) and LLC 'Dempinq.Az' (INN: 1802989821). Director of all these companies is Mubariz Huseynov. Worthy of notice is that in October 2016, five of these companies ("Option", 'Divide", 'Alqoritm.Az ', 'Veksel' and 'Dempinq.Az') announced voluntary liquidation https://vergiler.az/media/archive/2019/07/23/newspaper_20190723125146.pdf; however, the process was not brought to its logical conclusion. There is no public information about the activities of these companies. According to the State Tax Service, some of them are VAT payers. It has to be kept in mind that "Gilan Group of Companies" is a joint business of the ruling Aliyevs family in Azerbaijan and Minister of Emergency Situations, Kemaleddin Heydarov. Recall that "Gilan Holding" LLC was established in 2009 and until 2016 it was called "Gilan Holding Financial and Industrial Group Parent Company" LLC. In July last year, the amount of the company's authorized capital dropped from 98.5 million manats to 100 manats.
Source: Turan News Agency