The Faragostar Company, as a private joint-stock company, was established in 2001. Today, with more than two decades of continuous and dynamic activity, it is known as one of Iran's top companies providing business automation software. As a knowledge-based company, they have had the golden statue of consumer rights for five consecutive years. Faragstar's record includes implementing successful projects with large organizations and institutions like BMI (Iranian National Bank), Irancell. Currently, more than 2,000 organizations with an area of 450,000 users with Faragostar software have increased their team's productivity.
BMI is the first national and commercial retail bank in Iran. It was considered the largest Iranian company in annual income with a revenue of 364 657 billion Rials in 2016. It is the largest bank in the Islamic world and the Middle East. By the end of 2016, BMI had a net asset of $76.6 billion and a vast network of 3.328 banking branches, so it is known as the largest Iranian bank based on the number of assets. The BMI brand was recognized as one of the 100 top Iranian brands in the 10th National Iranian Heroes Championship in 2013. The National Bank has 3328 active branches inside, 14 active branches, and four sub-stations abroad, and it has 180 booths.