By FMTeam Russia has been a strong ally of India for a very long time, and there are billions of dollars worth of trade being done between both companies for that very reason. Many Indian businesses and companies are set up in Russia, and vice versa. Sure, many Russian businesses and companies aren’t as popular and well-known as American and European companies in India, but these Russian companies are surely playing a big part in drawing in more foreign investments in India. If that’s what you wanted to know then for sure, you have clicked on the right post, here we will be going over the list of the top 10 leading Russian companies in India as of 2024. Alright, here we go now.
1. Uralmash
What if we tell you that Uralmash was one of the first Russian companies to set foot and do business in India? That’s the very reason we have kept it at the top of this list today. They have been giving heavy tools to the Bhilai Metallurgical Plant since the 1950s and haven’t stopped since. Today, Uralmash is a well-known name in India’s business world, and it is updating its equipment to meet the most recent mining and metalworking standards. Just so you know, Uralmash SRB India is a joint venture between Uralmash and SRB International.
2. GAZPROM
GAZPROM is a well-known company in Russia, but it’s also a key player in India’s energy dreams. A groundbreaking 20-year deal with GAIL in 2012 was the first step in their journey, that’s for sure. It ensures India has a steady source of LNG. India is working hard to make the future better, and GAZPROM is more important than ever, you know? As part of their work with Indian companies like Engineers India Ltd., they are looking into new ways to bring Russian LNG to India.
3. Rosatom
Imagine a power plant that not only provides power to homes but also serves as a sign of how India and Russia are working together, sounds great, right? Thank you to Rosatom, the Kudankulam Nuclear Power Plant is exactly that. These guys are the ones who came up with the new VVER-1000 reactors, which are known for being safe and efficient, you know? You see, they aren’t just building, though. Rosatom is heavily involved in every step, from building to providing nuclear fuel. Rosatom is building units 3 and 4 and has plans for more.
4. Power Machines
Power Machines is a name that stands for quality and new ideas when it comes to energy tools right here in India. Their main business is making equipment for thermal, hydro, and nuclear power plants. Without a single doubt, they are a quiet but strong force in India’s energy field. Power Machines makes sure that India’s businesses and lights stay on by updating old power plants and bringing in new technologies. They are also committed to a safe and diverse energy future, as shown by their work on India’s nuclear power projects.
5. BrahMos Aerospace
Sure, BrahMos is kinda joint effort from Russia and India, but still, we decided to count it as a company that has Russia’s backing. And as you may already know, BrahMos Aerospace is a one-of-a-kind Indian-Russian business that has taken the world by storm, quite literally. The BrahMos missile is more than just a defense tool; it’s also a sign of cutting-edge technology and working together across borders, you know? And you might have seen in the headlines that the Philippines recently became the first country outside of Russia to buy a rocket, showing that it is popular around the world.
6. NK Rosneft PAO
Rosneft isn’t just another oil company, you know, it actually is an important part of India’s energy industry. It changed everything when they bought Nayara Energy, which included the huge Vadinar plant. Every year, this refinery alone processes 20 million tonnes of oil goods. Rosneft wants to do even more, though. What exactly? Well, to help India reach its goals for sustainable energy, they’re growing their store network and starting to make ethanol. It’s the right mix of old-fashioned energy sources and new, environmentally friendly ones.
7. Sberbank
Sberbank is certainly the first bank that comes to mind when you think of big Russian banks. They’ve been in India since 2010, though. They got off to a rough start with a lot of assets that weren’t making money, but they’ve changed things around quite a bit. Now, Sberbank’s main goal is to help Russian joint businesses in India. It does this by providing corporate banking services and even looking into the possibility of importing gold directly.
8. Severstal
The Russian steel giant Severstal is very interested in India’s growing building market, that’s what we are pretty certain about now. Severstal is looking into the possibility of setting up factories in India. They are known for making high-quality steel goods, as you may already know. Their focus on environmentally friendly methods and new technology makes them a great match for India’s growing steel needs.
9. Nayara Energy
Next in line is none other than Nayara Energy, yes, an energy solution company with the backing of another company that we already talked about on this list. Yes, we are talking about Rosneft. Talking about Nayara Energy, well, it actually started almost 36 years ago in 1989, and now is one of the mainstay energy companies in the country. And if you keep a sharp eye on the headlines, you might remember that it was actually Nayara Energy that achieved financial closure of about 4,016 crore rupees to set up a polypropylene plant in Gujarat.
10. Novolipetsk Steel (NLMK)
With their new plant in the Delhi-Mumbai Industrial Corridor, NLMK, a major player in the steel business, is making big steps forward in India, that’s for sure. This isn’t just any plant; it will make 65,000 tonnes of high-value transformer steel every year, which is very important for India’s growing energy grid. NLMK is helping India’s efforts to expand its power grid by bringing in cutting-edge materials and technology with an investment of up to $150 million, you know?
Conclusion
There you have it. Indian governments and people always had a soft spot for Russia and Russian businesses, and with this list, you saw how these companies are playing a big role in making India’s economy rise. Which is always a good thing.