Ga-zelle [guh-zel] noun, plural ga-zelles (especially collectively) ga-zelle, genus Gazella… nimble, fast, ability to accelerate quickly…

Gazelles are fast growing small and medium sized enterprises (smes) that have the potential to accelerate sales by 20 percent or more per year for more than a four year period. Gazelles constitute only 5-10 percent of all private companies, yet in typical years they create 50-80 percent of all net new jobs.


GNGK Group was founded in 2016. The company is involved in the business of importing and distributing domestically in Armenia spare parts for motor cars and also provides car maintenance/repair services both to private car owners and also to business / public entities. The domestic business is being branded under “GARAJ” name and is being promoted via website. The company has3 operating stores in Yerevan.

Company name : GNGK Group

Industry : Trade / Services

Geography : 12 Arshakunyac Avenue, 2 Arshakunyac Avenue, 1 Charents st.

Company website :

Iplast LLC was established in 2013 by Syrian Armenian Immigrant Harut Gaspar. The company is a manufacturer of medical supplies with an existing product portfolio of five products, which are medical tapes, plasters, plasters for kids with special design, corn removers and plastic containers.
IPlast currently sells its products to main pharmacy chains in Armenia including but not limited to Alfapharm, “36 6” Pharmacies, Natali Pharm, Vaga Pharm, Gedeon Richter, Asteria.

Company name : IPlast LLC

Industry : Medical and surgical supplies

Geography : Armenia

Company website :

Renatus LLC was registered in 2017. The company is involved in four business lines, which are wholesale / retail trade of pharma-ceuticals, printing business and production of herbal teas and natural oils. With dozens of printing forms and modern printing machinery Renatus is capable of printing packaging boxes of various sizes and forms. Other types of offset printing service are also provided.

Company name : Renatus LLC

Industry : Retail & Trade Services

Geography : 33/1 Manandyan str. in Shengavit district

Company website :

“Sahlevs” LLC was founded in 2010
Sahlevs is engaged in manufacturing of pocket and multi-purpose lighters. “Sahlevs” LLC is also involved in the domestic distribution of products produced by “Care Group” LLC.

Company name : Sahlevs LLC

Industry : Manufacturing of pocket and gas lighters

Geography : RA, Kotayk region, Arinj village, Dzagavank 24

Company website :