The ICT Group, also spelt IST Group, was an investment venture based and operated in Russia from 1991 until 2013.[1]
The ICT ('Investments, Construction, Technologies') Group, founded by Alexander Nesis and his partners in the early 1990s, for years used to be one of the largest privately owned investment and industrial companies in Russia. It was headquartered in Moscow and in St. Petersburg. It invested in, developed and managed assets in wide range of industries, including the banking and financial industry, metals and mining, precious metal production, heavy engineering, logistics, construction and development.[2]
The portfolio of assets under the Group's management included NOMOS-BANK, Khanty-Mansi Bank, Polymetal and United Wagon Company. From 2010 till 2013 the Group also held large equity stakes in the potash producer Uralkali and Baltic Leasing.[3] The group's assets were located primarily in Russia, but it also had interests in Kazakhstan and developing markets.[2] In 2013 ICT Group (Russia) ceased its operations. Following the restructuring of assets a new private equity firm ICT Holding Ltd (Cyprus) was founded.