Mahmoud Khayami, the well-known philanthropist, industrialist, and financier, was born in Mashhad on 7 January 1930 and passed away in Los Angeles on 28 February 2020. He was a self-made man and an accomplished entrepreneur who began his adult life with meager resources and yet in a short period of time, with the help of his brother, Ahmad Khayami, founded “Iran National Company,” the largest industrial complex in Iran. The company produced the popular Peykan cars in 1967, a joint venture with the Hillman-Hunter company of England. By 1979, 100,000 cars were produced annually with approximately 44 percent of the parts manufactured in Iran.
