ICT Group (Russia)

[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.

[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.

[15] In 2001 the group acquired an engineering plant specialising in rail vehicle component and tank track manufacture based in Tikhvin, Leningrad Oblast, Russia.

ICM (Инвестиции Строительство Менеджмент Investment Construction Management) was founded as a joint venture in 2006 with Israeli civil and manufacturing engineering company Baran Group (in which ICT also acquired a 22% stake, 2006) to provide engineering services to the group.

By 2019 ICT completely exited from the asset by selling stakes of shares to the financial and strategic investors.

ICT acquired shares in Alexander Nesis's former employer "Baltic shipyards" (Baltiyskiy Zavod) in 1999 (15%) and 2000 (raised to 50%+1).