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"Sistema is Russia's largest publicly listed holding company. Incorporated in 1993, Sistema is now one of Russia's top 10 companies by revenue, and is one of the largest holding companies in the world. The company's portfolio comprises stakes in predominantly Russian businesses in a range of sectors, including telecommunications, oil, utilities, consumer, high tech and others. Sistema is the controlling shareholder in most of its investments. " [1]

"The Developing Assets portfolio manages the Group’s interests in smaller, growing businesses such as: SMM – a media holding; MBRD – a retail bank; Detski Mir – Russia’s largest toy retailers; Intourist – travel operator; Medsi – number one private healthcare company; Sitronics – a high tech company, RTI Systems – defense contracting business; Binnopharm – a pharmaceutical company; Russneft – Russia’s top-ten oil company; SSTL – Indian telecoms provider and NIS – the federal operator of the GLONASS system." [1]


Former Board (2014)

Accessed November 2014: [3]

Resources and articles

Related Sourcewatch


  1. Sistema About, organizational web page, accessed November 7, 2014.
  2. Board, Sistema, accessed March 4, 2022.
  3. Sistema Board, organizational web page, accessed November 7, 2014.