Sinara Group is a Russian investment company founded in 2001 with holdings in the property development, rail transportation and financial services sectors. In 2021, Sinara Group had a turnover of US$1.8 billion.
The company was founded in 2001, and in 2004 acquired industrial and agricultural companies. In 2006 the group merged with Metallprom. The company division Sinara Transport Machines was formed in 2007, and the division Sinara Development was formed in 2009.
In 2009 Sinara Group and Siemens created a joint venture for the production of twin unit electric locomotive to be based at Sinara's Ural Locomotives near Yekaterinburg. In December 2021, the JV announced production of concept of Lastochka electric train with 200 mm low float in 2025.
The group division ÃÂÃÂà"áøýðÃÂð â âÃÂðýÃÂÿþÃÂÃÂýÃÂõ üðÃÂøýÃÂ" (Open joint stock company 'Sinara - transport machines') (STM) is based in Yekaterinburg and comprises ÃÂÃÂà"ãÃÂðûÃÂÃÂúøù ÷ðòþô öõûõ÷ýþôþÃÂþöýþóþ" (JSC Ural locomotive factory) in Verkhnyaya Pyshma, the ÃÂÃÂà"ÃÂÃÂôøýþòÃÂúøù ÃÂõÿûþòþ÷þÃÂÃÂÃÂþøÃÂõûÃÂýÃÂù ÷ðòþô" (Lyudinovsky locomotive factory) in Lyudinovo, the ÃÂÃÂà"ãÃÂðûÃÂÃÂúøù ôø÷õûÃÂ-üþÃÂþÃÂýÃÂù ÷ðòþô" (Ural diesel engine factory Ltd.) and the ÃÂÃÂà"æõýÃÂàøýýþòðÃÂøþýýþóþ ÃÂð÷òøÃÂøàáâÃÂ" (STM research centre) in Yekaterinburg.
The group division "áøýðÃÂð â ÃÂõòõûþÿüõýÃÂ" (Sinara - development) includes ÃÂÃÂà"ÃÂøÃÂüð ÃÂÃÂÃÂ-ÃÂÃÂÃÂÃÂÃÂÃÂÃÂ" (COM-Building company) based in Volgograd, ÃÂÃÂâ ÃÂþòþúþûÃÂÃÂþòÃÂúøù (Novokoltsovsky development); a 600ha residential, commercial and industrial development near Yekaterinburg, the ÃÂÃÂà"ÃÂÃÂàÃÂ÷-áøýðÃÂð" in KarachayâÂÂCherkessia, the ÃÂÃÂà"æõýÃÂÃÂðûÃÂýÃÂù ÃÂÃÂðôøþý" (Central Stadium company) in Yekaterinburg; a sports arena development, and ÃÂÃÂà"ÃÂýÃÂÃÂÃÂøÃÂÃÂ-áøýðÃÂð" (Intourist-Sinara); a joint venture with Intourist headquartered in Moscow.
The financial services division includes the ÃÂÃÂà"áÃÂÃÂÃÂàÃÂ-ÃÂÃÂÃÂÃÂáâ" (Sinara invest) and ÃÂÃÂà"áÃÂÃÂ-ñðýú" (SKB-Bank), both in Yekaterinburg.
In September 2021, Sinara Financial Corporation (an integral part of Sinara Group) bought Think Wealth Ltd, an investment company registered in Cyprus, already renamed in Sinara Financial Corporation (Europe), which is focused on consulting, broker services, trust management, high-frequency trading and others.
The group has holdings in the agricultural business area via ÃÂÃÂà"ÃÂðüõýÃÂúþõ", hotels and tourism via ÃÂÃÂà"ÃÂðýÃÂøþýðàþÃÂôÃÂàð ÃÂÃÂÃÂóðÃÂ" based in Sochi, and energy business via ÃÂÃÂà"áøýÃÂÃÂóþ" in Yekaterinburg.
In December 2021, Gazprombank confirmed selling of 99,9% of "Kriogaz" LLC, business operator of technical gases, to "Sinara Group" in the first quarter of 2022 within ESG strategy of the buyer. The deal was closed in February 2022.
By the end of 2022, the revenue of the Sinara group increased to 8.36 billion rubles (in 2021 â 2.85 billion rubles). Net profit amounted to 9.65 billion rubles (an increase of 132% compared to last year). Revenues from participation in other organizations increased to 10.9 billion rubles (in 2021 â 1.3 billion rubles). The cost of sales of the group amounted to 3.49 billion rubles (1.65 billion rubles in 2021).