Sinara Group
Sinara Group is a Russian investment and industrial holding company with interests in rail transport, property development, financial services, agriculture, tourism, energy and technical gases.
Last updated August 25, 2026
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Overview
Sinara Group is a Russian investment company and diversified industrial holding established in 2001. Its portfolio has developed across several sectors, with particular concentration in railway engineering and manufacturing, real-estate development, banking and other financial services. The group also has or has had interests in agriculture, hospitality and tourism, energy, and technical gases. Rather than operating as a single consumer-facing product brand, Sinara functions as a corporate group whose identity is expressed through its divisions, subsidiaries, joint ventures and investment vehicles. The group expanded its industrial base during its first decade. In 2004 it acquired industrial and agricultural companies, and in 2006 it merged with Metallprom. These steps broadened the organization beyond a narrow investment-company model. In 2007, it created Sinara Transport Machines, a division focused on railway equipment and related industrial production. The division brought together manufacturing and engineering assets including Ural Locomotives near Yekaterinburg, the Lyudinovsky Locomotive Plant, the Ural Diesel Engine Plant and an STM innovation center. Rail transport became one of Sinara Group's most visible areas of activity. In 2009, the group and Siemens established a joint venture intended to produce twin-unit electric locomotives at Ural Locomotives. The partnership connected Sinara's Russian industrial manufacturing base with Siemens' railway technology expertise. In December 2021, the joint venture announced a concept for a low-floor, twin-unit version of the Lastochka electric train, with production discussed for 2025. The rail portfolio therefore spans locomotive and rolling-stock production, diesel engines, engineering and innovation activities. Sinara also built a substantial property-development platform. Sinara Development was formed in 2009 and has been associated with residential, commercial and industrial projects, including the 600-hectare Novokoltsovsky development near Yekaterinburg. Its wider property interests have included the COM-Building company, the Arkhyz-Sinara project in Karachay-Cherkessia and the Central Stadium company in Yekaterinburg, linked to sports-arena development. The group has also participated in hospitality and tourism through Intourist-Sinara, a joint venture with Intourist, and through the Burgas holiday pension in Sochi. Financial services form another major business line. The group has included Sinara-Invest and SKB-Bank, both associated with Yekaterinburg, as well as Sinara Financial Corporation. In September 2021, Sinara Financial Corporation acquired Think Wealth Ltd, a Cyprus-registered investment company. The business was subsequently renamed Sinara Financial Corporation (Europe) and described as offering consulting, brokerage, trust-management and high-frequency-trading services. Other holdings have included the agricultural company Kamenskoye and the energy company Sinergy. In 2022, Sinara Group completed the acquisition of 99.9 percent of Kriogaz LLC from Gazprombank. Kriogaz operates in technical gases, and the transaction was presented in connection with Sinara's environmental, social and governance strategy. The group reported turnover equivalent to approximately US$1.8 billion in 2021 in the referenced Wikipedia account. Separately reported group figures for 2022 showed revenue of 8.36 billion rubles, compared with 2.85 billion rubles in 2021, while net profit was reported at 9.65 billion rubles. Because these figures are presented in different currencies and under different reporting contexts, they should not be treated as directly comparable without consulting the underlying financial disclosures. Sinara Group's overall profile is that of a diversified Russian holding company linking industrial production, infrastructure, real estate and financial investment.
History
Sinara Group was founded in Russia in 2001 as an investment company. Its early development involved the assembly of a broader industrial portfolio. In 2004, the company acquired industrial and agricultural businesses, extending its activities beyond financial investment. In 2006, it merged with Metallprom, a step that further consolidated its industrial interests. The group's transport-engineering platform took shape in 2007 with the creation of Sinara Transport Machines, commonly abbreviated as STM. The division became a central element of the group's industrial strategy and included several Russian manufacturing and engineering assets. These included Ural Locomotives in Verkhnyaya Pyshma near Yekaterinburg, the Lyudinovsky Locomotive Plant in Lyudinovo, the Ural Diesel Engine Plant and the STM Center for Innovative Development in Yekaterinburg. The division's activities covered locomotives, railway machinery, diesel engines and related engineering capabilities. In 2009, Sinara Group established Sinara-Siemens, a joint venture with Siemens for the development and production of twin-unit electric locomotives. Production was planned around the Ural Locomotives facility. The venture represented a significant international technology partnership and reinforced Sinara's role in Russia's railway-equipment sector. In December 2021, the venture announced a concept for a low-floor version of the Lastochka electric train, with production discussed for 2025. Sinara expanded into real estate in 2009 through the formation of Sinara Development. The division's portfolio included residential, commercial and industrial development. One of its most substantial projects was the Novokoltsovsky development, a mixed-use area covering approximately 600 hectares near Yekaterinburg. Other property-related interests included COM-Building in Volgograd, Arkhyz-Sinara in Karachay-Cherkessia and the Central Stadium company in Yekaterinburg, associated with sports-arena development. Through Intourist-Sinara, a joint venture with Intourist, and the Burgas holiday pension in Sochi, the group also participated in hospitality and tourism. Financial services became another important part of the group. Its financial businesses included Sinara-Invest and SKB-Bank, both based in or associated with Yekaterinburg. Sinara Financial Corporation operated as an integral part of the wider group. In September 2021, it acquired Think Wealth Ltd, an investment firm registered in Cyprus. The acquired company was renamed Sinara Financial Corporation (Europe) and focused on investment consulting, brokerage, trust management and high-frequency trading. The group retained interests in a range of other sectors. Agricultural activities were associated with Kamenskoye, while energy activities were linked to Sinergy in Yekaterinburg. In December 2021, Gazprombank confirmed an agreement to sell 99.9 percent of Kriogaz LLC to Sinara Group. The transaction closed in February 2022. Kriogaz operates in technical gases, and the acquisition was described as part of Sinara's ESG-oriented strategy. The referenced account reports that Sinara Group had turnover of approximately US$1.8 billion in 2021. It also reports group revenue of 8.36 billion rubles in 2022, compared with 2.85 billion rubles in 2021, and net profit of 9.65 billion rubles in 2022. These reported figures use different measures and currencies from the 2021 turnover figure. Sinara Group is best understood as a diversified Russian holding company rather than a conventional consumer brand, with its corporate identity distributed across transport manufacturing, development, finance and related investments.
- 2022
Kriogaz acquisition closes
[1]Sinara Group completes the purchase of 99.9 percent of Kriogaz LLC from Gazprombank.
- 2021
Think Wealth acquisition
[1]Sinara Financial Corporation acquires the Cyprus-registered investment company Think Wealth Ltd.
- 2009
Sinara Development is formed
[1]The group creates a property-development division covering residential, commercial and industrial projects.
- 2009
Sinara-Siemens railway joint venture begins
[1]Sinara Group and Siemens establish a joint venture for twin-unit electric locomotive production.
- 2007
Sinara Transport Machines is formed
[1]The group creates its transport-engineering division, later associated with locomotive, engine and railway-equipment manufacturing assets.
- 2006
Merger with Metallprom
[1]Sinara Group merges with Metallprom as part of its industrial consolidation.
- 2004
Expansion into industrial and agricultural holdings
[1]The group acquires industrial and agricultural companies, broadening its portfolio.
- 2001
Sinara Group is founded
[1]Sinara Group is established in Russia as an investment company.
Products and positioning
A diversified Russian investment and industrial holding company combining railway manufacturing, infrastructure-related development and financial services with selected holdings in property, agriculture, tourism, energy and technical gases.
Transport engineering · 2007
Sinara Transport Machines
Sinara Transport Machines is the group's railway-engineering division. Its associated assets include Ural Locomotives, the Lyudinovsky Locomotive Plant, the Ural Diesel Engine Plant and an innovation center. The division covers the production and development of locomotives, railway equipment, diesel engines and related transport technologies.
Railway rolling stock · 2009
Sinara-Siemens electric locomotives
The Sinara-Siemens joint venture was established to develop and manufacture twin-unit electric locomotives at Ural Locomotives. It represents one of the group's principal technology partnerships in railway manufacturing. The venture later announced a concept for a low-floor, twin-unit version of the Lastochka electric train.
Property development · 2009
Sinara Development
Sinara Development is the group's real-estate division. Its reported activities include residential, commercial and industrial development. Projects and associated companies include the large Novokoltsovsky mixed-use development near Yekaterinburg, COM-Building, Arkhyz-Sinara and the Central Stadium company.
Financial services
Sinara Financial Corporation
Sinara Financial Corporation is a financial-services platform within the group. The wider financial portfolio has included investment, banking, brokerage, consulting and trust-management activities, including the group's association with Sinara-Invest and SKB-Bank.
Financial services · 2021
Sinara Financial Corporation (Europe)
Sinara Financial Corporation (Europe) is the renamed Cyprus-registered company acquired by Sinara Financial Corporation in 2021. Its reported services include investment consulting, brokerage, trust management and high-frequency trading.
Technical gases
Kriogaz
Kriogaz is a technical-gases business acquired by Sinara Group from Gazprombank. The group completed the acquisition of 99.9 percent of the company in February 2022.
Brand decisions
2022
Acquisition of KriogazM&ABackground
Sinara Group pursued expansion into technical gases in connection with its stated ESG strategy.
Action taken
The group acquired 99.9 percent of Kriogaz LLC from Gazprombank; the transaction closed in February 2022.
Aftermath
Kriogaz became part of Sinara Group's diversified portfolio outside its core transport, property and financial businesses.
2021
Acquisition of Think WealthM&ABackground
Sinara Financial Corporation expanded its international financial-services footprint.
Action taken
It acquired Think Wealth Ltd, a Cyprus-registered investment company, and renamed it Sinara Financial Corporation (Europe).
Aftermath
The European platform was described as providing consulting, brokerage, trust-management and high-frequency-trading services.
2021
Lastochka low-floor train conceptProduct launchBackground
The Sinara-Siemens venture continued developing electric-train concepts for the Russian railway market.
Action taken
The venture announced a concept for a twin-unit Lastochka electric train with a low floor, with production discussed for 2025.
Aftermath
The announcement indicated a planned next stage in the venture's electric rolling-stock program.
2009
Creation of the Sinara-Siemens railway joint ventureM&ABackground
Sinara Group sought to expand its railway-manufacturing capabilities through an international technology partnership.
Action taken
The group and Siemens established a joint venture for twin-unit electric locomotive production at Ural Locomotives.
Aftermath
The venture became associated with later electric-train development, including a low-floor Lastochka concept announced in 2021.
Sources1 sources
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