Razgulay
Former Russian agricultural holding company focused on sugar, grain, and related agricultural products.
Last updated August 26, 2026
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Overview
Razgulay was a Russian agricultural holding company headquartered in Moscow. Established in 1992, the group developed a vertically oriented agribusiness model covering the purchase, cultivation, processing, distribution, and trading of agricultural commodities. Its principal areas were sugar and grain, supported by agricultural assets and related food-processing operations. The company operated through a corporate center and several specialized subsidiaries. Razgulay-Agro managed agricultural land and farming assets, acquired equipment, invested in expansion, and sought to raise crop yields through the adoption of newer production technologies. Razgulay-Sugar focused on sugar-related activities and was described as holding approximately 14 percent of the Russian sugar market. Razgulay-Grain handled grain production, trading, and distribution, with reported monthly deliveries exceeding 200,000 tons. Its product portfolio included raw sugar, sugar beet, white sugar, condensed milk, casein, milk, grain, and other grain-based or agricultural products. The group served the Russian market while also conducting international trade in agricultural commodities. This combination of farming assets, processing capacity, and commodity distribution made Razgulay one of the larger agribusiness groups in Russia during its operating period. Razgulay was formerly known as the Razguliay-UkrRos Group. Its shares were listed on the Russian Trading System under the ticker GRAZ. The company ultimately ceased operating as an active listed agribusiness after being declared bankrupt in April 2017. Available reference material does not identify a subsequent operating successor or provide sufficient information to describe the disposition of all of its assets.
History
Razgulay was founded in 1992 in Russia and grew into an agricultural holding company organized around the production, processing, and distribution of agricultural commodities. The group was formerly known as the Razguliay-UkrRos Group before adopting the Razgulay name. The company developed a broad agribusiness structure rather than concentrating on a single branded food product. Its activities included the purchase and processing of agricultural products, cultivation and management of agricultural assets, and domestic and international trading. Sugar and grain formed the core of the business. The sugar division handled products ranging from sugar beet and raw sugar to refined white sugar and associated dairy or food-processing products such as condensed milk and casein. The grain division produced and distributed grain and grain products and was reported to make monthly deliveries of more than 200,000 tons. Razgulay-Agro was responsible for the group's agricultural assets and expansion program. Its remit included investment in land and farming operations, acquisition of agricultural equipment, and efforts to improve crop production through advanced technologies. Razgulay-Sugar managed the group's sugar activities and reportedly represented about 14 percent of the Russian sugar market. Razgulay-Grain managed grain production, logistics, and distribution. The parent entity, OJSC Razgulay Group, coordinated the corporate center and the group's subsidiaries. During its operating life, the company was regarded as one of Russia's larger agribusiness companies. Its shares were listed on the Russian Trading System under the ticker GRAZ, giving the group a public-market presence. The company later entered insolvency proceedings and was declared bankrupt in April 2017. This bankruptcy ended Razgulay's status as an operating listed agricultural holding. The available reference material does not establish the precise causes of the bankruptcy, identify individual executives, or document the final ownership and transfer of each subsidiary or agricultural asset. Accordingly, the post-bankruptcy corporate history remains incomplete.
- 2017
Bankruptcy
[1]Razgulay was declared bankrupt in April 2017.
- 1992
Company founded
[1]Razgulay was established in Russia as an agricultural holding company.
Expansion into integrated agribusiness
[1]The group organized its activities across agricultural production, sugar, grain, processing, and commodity distribution through specialized subsidiaries.
Products and positioning
A vertically integrated Russian agribusiness group spanning farming, sugar processing, grain handling, and agricultural commodity distribution.
Processed agricultural products
Sugar
Sugar was one of Razgulay's principal business lines. The group dealt in raw sugar and sugar beet and produced or sold refined white sugar. Its sugar operations were managed through Razgulay-Sugar, which was reported to hold approximately 14 percent of the Russian sugar market during the company's operating period.
Agricultural commodities
Grain and grain products
Razgulay-Grain handled the production, trading, and distribution of grain and grain products. The division was described as making monthly grain deliveries of more than 200,000 tons, indicating a substantial logistics and commodity-distribution operation.
Food products
Dairy and food-processing products
The group's listed products also included milk, condensed milk, and casein. These products formed part of Razgulay's broader agricultural-processing portfolio alongside sugar and grain.
Recent events
- 2017
Razgulay declared bankrupt[1]
Bankruptcy
Razgulay was declared bankrupt in April 2017, marking the end of the company's existence as an active agricultural holding company.
Sources1 sources
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