Babukhanyan Family

Logo of Babukhanyan Family

The Babukhanyan family holds 52% ownership in Iravunk Media LLC. According to the State Register of Legal Entities of Armenia, this stake is divided between Hayk Babukhanyan (19%) and his daughter Zaruhi Babukhanyan (33%). However, the 2025 beneficial ownership declaration attributes the full 52% to Hayk Babukhanyan.


Hayk Babukhanyan serves as president of both Iravunk Media holding and the Constitutional Right Union party. He has extensive experience in Armenian media and politics. From 1992 to 1993, he served as editor-in-chief of Hanrapetakan newspaper, and from 1993 to 1999 as editor-in-chief of Iravunk newspaper. He served as a deputy of the Yerevan City Council from 1990 to 1995. He was elected to the National Assembly twice: from 1999 to 2003 through the proportional system via the Law and Unity bloc, and in 2017 on the nationwide electoral list of the Republican Party. In 2021, he founded the Strong Armenia with Russia party.


Zaruhi Babukhanyan serves as head of the international relations department of Iravunk Media holding and is a member of the Constitutional Right Union party presidency.

Media Companies / Groups

Media Outlets

Facts

affiliated_business_interests

Public organization

  • Association of Territorial Science Education Centers (Zaruhi Babukhanyan, shareholder 100%)

 

Hotel accommodation services

  • Business Zet-PR advertising publishing house (Hayk Babukhanyan, shareholder 90%)

 

Affiliated Interests Family & Friends
  • Hayk Babukhanyan
    Hayk Babukhanyan serves as president of Iravunk Media holding and chairman of the Constitutional Right Union party. He holds 52% ownership in Iravunk Media LLC according to the 2025 beneficial ownership declaration, though the State Register of Legal Entities of Armenia lists the Babukhanyan family stake as divided between Hayk Babukhanyan (19%) and his daughter Zaruhi Babukhanyan (33%). Babukhanyan has extensive experience in Armenian media and politics. He served as editor-in-chief of Hanrapetakan newspaper from 1992 to 1993 and editor-in-chief of Iravunk newspaper until 1999. From 1990 to 1995, he served as a deputy of the Yerevan City Council. He was elected to the National Assembly twice: first from 1999 to 2003 through the proportional system via the Law and Unity bloc, and again in 2017 on the nationwide electoral list of the Republican Party. In 2021, he founded the Strong Armenia with Russia party. Zaruhi Babukhanyan, his daughter, serves as head of the international relations department of Iravunk Media holding and is a member of the Constitutional Right Union party presidency.
  • Zaruhi Babukhanyan
    Zaruhi Babukhanyan holds 33% ownership in Iravunk Media LLC according to the State Register of Legal Entities of Armenia, though the 2025 beneficial ownership declaration attributes the entire 52% Babukhanyan family stake to her father, Hayk Babukhanyan. She serves as head of the international relations department of Iravunk Media holding and is a member of the Constitutional Right Union party presidency. Zaruhi is the daughter of Hayk Babukhanyan, who serves as president of Iravunk Media holding and chairman of the Constitutional Right Union party, which founded Iravunk newspaper in 1989 as its official publication. No additional biographical information about Zaruhi Babukhanyan is publicly available beyond her roles at Iravunk Media and the Constitutional Right Union party.
Data Publicly Available
ownership data is easily available from other sources, e. g. public registries etc.
Headlines
Meta Data

The ownership structure of Iravunk presents significant discrepancies between official sources. According to the State Register of Legal Entities of Armenia published in January 2025, the owners of Iravunk Media LLC are Zaruhi Babukhanyan (33%), Levon Grigoryan (24%), Hayk Babukhanyan (19%), Nvard Grigoryan (18%), and Arman Galajyan (6%). However, the beneficial ownership declaration dated February 20, 2025, lists ownership as Hayk Babukhanyan (52%), Gegham Grigoryan (24%), and Hovhannes Galajyan (24%).MOM Team has consolidated these holdings into a single family profile representing the combined 52% ownership stake.

Biographical information about Hayk Babukhanyan's media and political career is derived from public records and media reports. Information about Zaruhi Babukhanyan's roles at Iravunk Media holding and the Constitutional Right Union party is available on the iravunk.com website.

 

Sources
Documents (PDF)
  • Iravunk Media LLC Beneficial ownership declaration (Armenian)
    Link File
  • Zaruhi Babukhanyan at Union of Regional Science-Educational Centers
    Link File
  • Iravunk tert LLC Beneficial ownership declaration (Armenian)
    Link File
  • Iravunk Media LLC charter (Armenian)
    Link File
  • Hayk Babukhanyan at Business Z-PR (Armenian)
    Link File
  • Hayk Babukhanyan at The Constitutional Rights Union
    Link File
  • Iravunk Media LLC Charter updated (Armenian)
    Link File