ICT is a finance and industry group encompassing over 20 companies in different industries.
Established in 1993, the group went through a formative stage where it would explore various manufacturing businesses, import/export operations, property development projects, and financial and credit services. As ’s economy picked up and solid markets appeared for diverse products and services, the group moved to focus its effort and resources on the more economically viable opportunities.
Building on its potential and expertise, ICT has achieved impressive results, both creating businesses from scratch, and remodeling unprofitable companies into highly successful enterprises.
ICT focuses on those areas of the economy where it sees the best opportunity, taking up projects promising handsome returns in the long or medium term.
The business philosophy of ICT Group rests on the understanding of the natural, historic competitive advantages of certain Russian industries or individual companies, and using those to derive practical benefits.
As Russia’s economy grew and further integrated itself into the international economic community, investment in manufacturing industries and long-range projects became an attractive proposition. Awareness of the new realities prompted the group’s management to devise a set of definitive project selection criteria. When ICT considers investing in a business, it will assess the company’s growth mileage and look at whether its products are sought-after in the marketplace. Some of the reasons why ICT’s projects have been so successful are reliance on cutting-edge technology, creative financing and engineering solutions, and the advanced expertise of both its staff and independent contractors involved in projects on an ad hoc basis.
When ICT goes ahead with an investment project, it initially acts as a managing company, supervising its new asset’s operations day to day. As the project goes along, operational management and decision-making is gradually ceded to professional managers with a solid track record in the industry. Further on, while remaining the owner, ICT will detach itself while reserving the right to dictate the company’s strategy and control its management.
ICT uses the latest management know-how to maximize the efficiency of its daughter companies. Advanced management practices help optimize all production processes, as well as sales and financial transactions. ICT hires top-notch professionals with proven successful record in managing major projects for different industries, from mining to defense. With their streamlined management structure and their emphasis on high technology and efficiency, ICT member companies appeal to investors both inside and outside Russia.
