Telman Ismailov is a successful businessman and talented manager. Its assets are concentrated in a wide variety of industries and fields, united under one name - the AST group of companies.
Becoming a businessman
Telman was born in 1956 in Baku. In the large Azerbaijani family of Mardan and Peri Ismailov, he was the tenth child. Everyone knew Father Telman as a large workshop. Since childhood, the boy passed the parental entrepreneurial vein. At the age of 14, he was already trading with his father, and having matured, he headed the first commercial store in the city. To get the theoretical basis of his business, the young man entered the national economic institute. After serving in the army, he transferred to the Moscow Plekhanov Institute. After graduating, the graduate was able to get an economist in the Ministry of Trade.
AST Group
A few years later he opened his own business - he registered the AST group of companies, which has become a family business. The creation of this large enterprise two years earlier was preceded by the opening of a commercial cooperative. During the time of Perestroika, many entrepreneurs began with the sale of clothing and various goods. The cooperative did not bring much profit, but it helped the novice businessman get very useful acquaintances with the future mayor Yuri Luzhkov and his wife, who head the asset of the capital's commission on cooperative activities. 1989 is considered the birth of AST. At various times, there were about thirty groups. Not all areas of this association could exist for a long time, some burned out and closed. Income from work is distributed evenly between the founder, his two sons and his nephew. Even the name "AST" consists of the first letters of the names of the businessman and his sons: Alekper-Sarkhan-Telman. The scope of the company is the most diverse. AST-tour functions as a travel agency, and AST-gof is a complex of hotels. There are groups working in the restaurant sector, representing AST in the printing industry, construction, jewelry (AST-Gold), transportation (AST-Trans-Service), and even dentistry. The company's capital center was: the capital Cherkizovsky market, the Prague restaurant in the center of the capital, and the Voentorg department store.
Business in Turkey
In the spring of 2009, Ismailov completed the construction of a resort and hotel complex in Antalya, which, according to experts, has become the most expensive in Europe. Star guests from around the world gathered at the opening. The hotel, the cost of which cost almost a billion dollars, the owner called the name of his father Mardan. On the opening day, he could celebrate his centenary. When the enterprise began work, Ismailov asked the Turkish side for a second citizenship, and soon received it. A few years later the hotel began financial difficulties, in connection with his debts 67 lawsuits were filed. For half the price at the auction, the main asset of the businessman was bought by the largest Turkish bank.
Bankruptcy
At the peak of his financial success, the businessman’s fortune was estimated at one billion dollars. His surname was one of the hundred richest people in the country. But all this was a few years ago. Since 2015, Telman Ismailov has become a defendant in several cases of declaring him bankrupt. It was a rare case when a person with such a high level of income declared bankruptcy. After the positive completion of the procedure, the sale of his property began.
