ARA Investment Management Co. is a co-founder and a major shareholder of SARAVA PARS, which is a leading investor and a major holding co. for domestic internet technology based companies in Iran, and the parent company of  Digikala.com the dominate E-commerce retail site in Iran.
Mr. Hafez Kamal Hedayat has been the chairman of the board of SARAVA PARS since early 2014.