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5 Most Rapidly Developing Companies in Russia
September 18, 2019 17:28

Moscow's constructors and exporters of coal and grain are among the five fastest growing companies in the Forbes rating. In the annual ranking of the 200 largest private companies in Russia, there are companies which had almost the three-digit revenue growth rates for 2018.

Among them were two companies that construct houses in the Moscow region. In addition, two coal mining companies were in the top five - at the end of 2018, exported coal supplies from Russia increased by 20 million tons, while coking coal prices remained at an extremely high level due to reduced exports from Australia.

One company involved in the production of vegetable oil and the export of Russian grain is on the list of record holders for revenue growth. This is primarily due to the fact that in the agricultural year, which ended on June 30, 2018, Russia harvested a record grain crop (135.4 million tons) and exported more than 40 million tons of wheat.

Industry sector: Real Estate
Established: 2012
Revenue 2017: 15.1 billion rubles
Revenue 2018: 53 billion rubles
The main shareholder of Moscow Credit Bank, billionaire Roman Avdeev, founded the development company Ingrad  in 2012. For seven years, the company has become one of the largest developers in Moscow and the Moscow Region and   one of the three leaders (together with PIK and Airplane Development). The company specializes in the construction of residential quarters of comfort and business class. Today, its portfolio includes 19 projects in Moscow and the Moscow Region with an area of over 2.2 million square meters. As of September 1, 2019, the company is among the top 10 Russian developers in terms of the volume of current construction.

GK "Granel"
Industry sector: Real Estate
Established: 1992
Revenue 2017: 30 billion rubles
Revenue 2018: 96 billion rubles
Group of companies "Granel"  was founded in 1992 in Bashkiria. Residential and commercial real estate are being built in several regions of Russia, including the Moscow Region. Until September 2019, the main shareholders of the company were its founders: co-chairman of Delovaya Rossiya Andrei Nazarov and president of the Granel Group Ilshat Nigmatullin. On September 9, the acting head of Bashkiria, Radiy Khabirov, who won the election of the head of the region on September 8, appointed Nazarov acting Deputy Prime Minister of the Government of the Republic.

At the same time, the Granel press service reported that a year ago Nazarov sold his stake in the company to his partner Nigmatullin. Now, according to SPARK-Interfax, Nigmatullin owns 99% of the company. The portfolio of projects of GK Granel is 4.5 million square meters of housing. Since the beginning of its work in the suburbs, the company has commissioned more than 1.7 million square meters of residential real estate (more than 25,000 apartments) and 65,500 square meters of social infrastructure. In the spring of 2019, the company began the first construction project within the limits of old Moscow, having bought for this the right to a 2-hectare land plot on Dmitrovskoye Shosse. Investments in the construction of a residential complex with an area of over 100,000 square meters will amount to 9.5 billion rubles.

Branch: coal
Established: 2002
Revenue 2017: 66.6 billion rubles
Revenue 2018: 162.1 billion rubles
Sibanthracite Group  is a world leader in the production and export of high-quality anthracite and the largest producer of metallurgical coal in Russia. From 2016 to 2018, production increased from 6 to 24.1 million tons. In 2022, it is planned to produce 58 million tons of coal. The controlling shareholder of Siberian Anthracite JSC is Alltek Group, 86.57% of which belongs to the head of the company Dmitry Bosov.

In July 2017, Bosov sold 20% of the Sibanthracite Kuzbass coal mining company to Sergey Glinka, the partner of billionaires Andrei Bokarev and Iskander Makhmudov. In March 2019, Bosov sent a letter to Russian President Vladimir Putin asking him to grant Sibanthracit the right to transport 50 million tons of coal through BAM and the Trans-Siberian Railway for 25 years in exchange for investments in the construction of the Severomuisk tunnel, which is estimated at 260.8 billion rubles.

Branch: agro-industry
Established: 1997
Revenue 2017: 37.4 billion rubles
Revenue 2018: 81.7 billion rubles
Headquarters: Rostov-on-Don
The company Aston  began to carry out trading operations in 1997, and today it is the Russian leader in the export of sunflower oil and occupies the third place in the export of grain. The company has more than 20 enterprises, including two modern plants for the production of vegetable oil with a total capacity of 330,000 tons per year, 8 elevators, terminals on the Don River, a ship repair plant, dry cargo ships and two tankers for transporting vegetable oils. 

The company is founded and  still headed by Vadim Vikulov, who made his first money in the early 1990s from the sale of petroleum products and agricultural products. Since 2016, the company has acquired five sea vessels for transporting grain. In September 2019, another bulk carrier for the Don Aston was launched in China. The $ 12 million vessel is named after the daughter of the founder of Aston, Diana Maria. In total, the company plans to purchase 10 such vessels.

Kuzbass Fuel Company
Branch: coal
Established: 2000
Revenue 2017: 38.7 billion rubles
Revenue 2018: 68.5 billion rubles
Headquarters: Kemerovo
The Kuzbass Fuel Company is one of the largest producers and exporters of steam coal in Russia (production in 2018 - 15.7 million tons). Mining is carried out at four open pits in the Kemerovo region, the company includes two concentration plants and its own railway infrastructure. The company operates a retail network in four regions of Western Siberia, supplying coal to more than 400,000 households and more than 1,000 municipal and commercial boiler houses. CPC was established in 2000 on the initiative of the governors of the Kemerovo and Novosibirsk regions.

The main shareholders of the company were Igor Prokudin (50.07%) and Vadim Danilov (16.78%). In May 2019, the company changed owners - Prokudin and Danilov sold their shares. As a result, Mikhail Gutseriev  and his son Said received 20% of the CPC, and long-time acquaintances and partners of Gutseriev Iskender Khalilov and Viktor Pichugov - almost 50% of the company’s shares. At the time of the transaction, 66.85% of CPC shares on the exchange were worth about 13 billion rubles.


Author: Anna Dorozhkina

Tags: Russian companies Russian business Russian oligarchs   

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