PASHA Holding's organizational structure has been shaped in line with the types of investments.

PASHA Holding has two types of investment assets portfolios. The first one is controlling stakes. The second comprises minority private equity investments. Consequently, the organizational structure reflecting the specifics of investments appears as follows:

PASHA HOLDING

Financial Assets

Core Businesses

Banking

PASHA Bank Azerbaijan

PASHA Bank Georgia

PASHA Bank Türkiye

Insurance

PASHA Insurance

PASHA Life

Investments & Brokerage

PASHA Capital

PASHA Investments

Technology

PASHA Technology

Joint Ventures

K Group LLC

Trendyol

Retail Ecosystem

Bir Ecosystem

BirBank

PashaPay

Competo

Non-financial Businesses

Bravo

Bravo Supermarket

Agro Dairy

Agro Dairy

PASHA Real Estate Group

PASHA Development

PASHA Construction

PASHA Malls

PASHA Property

Absheron Hotel Group

Ventures Group

PASHA Travel

Caspian Entertainment Company

Saffron Restaurant

Blue Planet

*Data is stated as of March 1, 2025.