Yerkin Tatishev: Who is the Founder of the Kusto Group?

Tatishev achieved more than most people achieve in a lifetime as the founder of the Kusto Group.
Tatishev achieved more than most people achieve in a lifetime as the founder of the Kusto Group.

The Kusto Group – a billion-dollar company with subsidiaries in 10 countries – is led by Yerkin Tatishev, a Kazakhstani.

Kusto Group founder Yerkin Tatishev has already accomplished more than most people accomplish in a lifetime in 46 years.

He established the Kusto Group in 2002. Real estate, agriculture, and building materials are a few sectors where the company has become a regional leader.

While Kusto Group was founded in Yerkin Tatishev’s native Kazakhstan, its headquarters are now in Singapore. From there, 30 businesses operate in Ukraine, Russia, Kazakhstan, Singapore, Turkey, Israel, Georgia, China, Canada, and Vietnam.

The Kusto Group has a turnover of more than $1 billion today.

With Yerkin Tatishev’s help, we went from bankruptcy to profitability

In 1998, Yerkin Tatishev started his business career in Zhitigara, Kazakhstan, after Kazakhstan gained independence from the Soviet Union.

He became interested in Zhitigara’s mining and manufacturing enterprises while studying at the Moscow State University of Management.

The young entrepreneurs implemented many improvements in the enterprise, including restructuring the business that makes it more efficient.

In addition, Yerkin Tatishev and his colleagues removed the business’s leadership system. They believed it consisted of too many layers and ranks and contributed to the enterprise’s inefficiency.

Locals and workers supported the young entrepreneurs because of their innovative approach.

As a result, they increased material productivity, improved worker safety, and opened new international and domestic donors.

After a few years, Yerkin Tatishev and his colleagues had turned Zhitigara’s mining and manufacturing enterprise profitable.

Kazakhstan continues to be a priority

The Kusto Group was established in 2002 by Yerkin Tatishev while working on the Zhitgara enterprise.

More than 8,000 people are employed worldwide by Kusto Group, a real estate, building materials, agriculture, oil, and gas company.

Yerkin Tatishev was appointed chairman of Kusto Group in 2013 and moved the holding company’s headquarters to Singapore.

“Its economic background, legal system, and efficient business environment are all supported by the government. When I plan to become a global corporation, I immediately think of Singapore,” Yerkin Tatishev says.

Though he has moved away from Kazakhstan, the Kusto Group founder has not forgotten his roots.

He believes that agriculture is a sector in that Kazakhstan can become a global leader.

KazBeef opens international doors thanks to Kusto Group

Through its meat manufacturing subsidiary, KazBeef, Kusto Group contributes to the Kazakhstani agricultural scene.

KazBeef was turned around by Yerkin Tatishev and his Kusto Group team as they acquired it in 2018.

KazBeef’s new feedlot, built according to American standards, had to be certified by Kusto Group to enter the global market.

Many countries have purchased KazBeef meat, including Russia, the United Arab Emirates, and Uzbekistan.

KazBeef recently became the first Kazakh company to receive the global standard for farm certification, GLOBALG.A.P.

Family-friendly neighbourhood underway in Kazakhstan

Kusto Group is also building a new neighbourhood called Koktobe City outside Almaty, Kazakhstan.

As part of the project, a four-story residential building and multiple public facilities are expected to be completed in 2023.

There will be supermarkets, kindergartens, gyms, a school, sports facilities, restaurants, and pharmacies in Koktobe City.

With Kusto Group, a family-friendly neighbourhood is our goal.

“Many modern cities lack sophisticated infrastructure. There is no socialization of people; there are no sports zones; And there is no separation of traffic for cars and people, work and leisure,” Yerkin Tatishev writes.

“Thoughtful infrastructure adheres to the basic principle of not complicating. A person’s entire environment should be understandable, accessible, and visible,” he says.

Several residential complexes have been built by Kusto Home, the Group’s real estate development subsidiary, across Asia in the past few years. The Urban Green project is now being developed in Thu Duc City outside of Ho Chi Minh City. This latest project combines aesthetics and functionality.

Yerkin Tatishev has been named “The Year’s Best Entrepreneur”

Yerkin Tatishev is not only a successful businessman but also a dedicated philanthropist.

As part of the COVID-19 pandemic in Ukraine and Kazakhstan, the Kusto Group donated food, medical equipment, housing, and technology. Kusto Help launched this initiative in the spring of 2020. 

A variety of medical devices were provided to Ukrainian hospitals, including ventilators, defibrillators, FFP3 respirators, and antibacterial drugs

In 2021, Kusto Help donated $135,000 worth of medical equipment to Vinnytsia, Khmelnytskyi, and Zhytomyr hospitals.

There have been over 200,000 dollars worth of donations of these instruments to patients with covid-19 in Kazakhstan.

Tatishev won the Ernst & Young ‘Entrepreneur of the Year’ award in Kazakhstan during the COVID-19 pandemic.

The Kusto Group founder will now represent his country at the international final in Monaco in June.

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BSV Staff

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