As of Sakstat data for Q2 2024, the top 5 universities by turnover are as follows: Caucasus International University LLC, Caucasus University LLC, National University of Georgia LLC SEU, University of Georgia LLC, Georgian-American University LLC (the list is not sorted by ranking).
Caucasus International University Ltd
The University was founded in 1995. The owners are "Progress 2012" LLC - 50%; Nurlan Sadigzade (Azerbaijan) - 25%; Vakhtang Tsivtsivadze - 12.5%; Vasil Chigogidze - 12.5%; Giorgi Chigogidze - 12.5%.
Caucasus University Ltd
The university was founded in 2004. The owners are Khatia Goglidze 82%; Boris Lezhava 2.5%; Manana Turkia 2.5%; Tornike Shengelia 10.5%; Rati Skhirtladze 2.5%.
Georgian-American University Ltd
The university was founded in 2005. The owners are Rusudan Tsitsishvili 79%, Robert Michael Cowgill (dual citizen of Georgia/USA) 32.8%, Lia Mukhashavria 2.5%, Zaza Rukhadze 1.3%, Nino Toronjadze 12.9%, Tamar Tsitsishvili-Cowgill 21%, Teimuraz Toronjadze 5.1%, Khatuna Chanukvadze 1.3%, Kenneth Andrew Katsho 9%, Ana Shubladze 5.1%.
National University of Georgia SEU Ltd
The university was founded in 2001, Gia Kavtelishvili owns a 100% share.
The University of Georgia Ltd
It was founded in 2004. The University is owned by Nikolozi Alasania 12.5%, Giuli Alasania 37.5% and Manana Sanadze 50%.
Note: according to the last year's research conducted by the Ministry of Education, the University of Georgia, also known as UG (income of GEL 36.9 million), tops in the list of universities with the largest number of students and high income. By income, the second is the Caucasus International University (CIU) (income of GEL 26 million), the third is the Caucasus University (income of GEL 25.3 million), the fourth place is taken by the National University of Georgia ( GEL21 million), the fifth was the Free University ( GEL18 million).
