Russia has been a key economically and strategic partner to India since the time of the former Soviet Union. Russian businesses have always played a key part in international direct investments that have come to India by investing in various industries such as defence, science and tech manufacturing, among others. In recent years, Russian companies are increasingly cooperating together with Indian private sector too in lieu of cooperating with only state-owned companies. Additionally, Russian companies are looking to expand their manufacturing activities in India through the Make in India and other initiatives by the Government of India. Trade with India and Russia has reached USD 65.70 billion during the year 2023-24. In spite of Ukraine conflict as well as US sanctions on Russia The trade between Indo-Russians isn’t just flourishing, but is also growing more robust. Let’s look at the top ten Russian companies operating in India for 2025.

Top 10 Russian Companies in India

1. Uralmash

Uralmash was established in 1933, is a Russian manufacturer of heavy equipment and equipment under the umbrella of the Russian Engineering Corporation, OMZ. Uralmash began its journey into its first Indian market during the 50s as it began supplying rolling mill equipment in the Bhilai Metallurgical Plant. The list of clients was expanded into Coal India, Kudankulam Nuclear Plant and Steel Authority of India Limited.

Uralmash along with Noida-based SRB International formed a joint venture in the year of 2016. The joint venture was named Uralmash SRB India, produces heavy equipment for mining and steel industries, as well as spare parts for gas, oil and power companies.

2. Rosatom

Rosatom founded in 2007 is an Russian state-owned enterprise that is specialized the field of nuclear reactors as well as nuclear fuels, mining uranium wind power and various other sectors that deal with nuclear energy and non-nuclear energy. Rosatom operates in India since its beginning at the end of 2007 and has assisted in the construction of two water-based reactors of the VVER 1000 design at Kudankulam Nuclear Power Plant. Rosatom’s scope of work included design of the facility including the main equipment and the auxiliary supply as well as installation supervision and training.

Rosatom also provides nuclear fuel to the Kudankulam NPP. Rosatom is planning to construct small modular reactors with a power range of 100-200MW in order to supply the Indian nuclear facility.

3. Gazprom

Gazprom established in 1989 in 1989, is an Russian majority-owned, multinational energy corporation that is specialized in a variety of aspects of natural gas petroleum, petrochemicals and other petrochemicals like exploration refining, drilling, transportation and distribution. In 2012. Gazprom along with Gas Authority of India Limited signed a sale contract for purchase and sale of LNG supply. Gazprom started providing liquefied natural gas for sale to GAIL at the beginning of 2018. According to the agreement Gazprom will provide 2.5 million tons of LNG annually in 20 years.

Gazprom along with an Indian company called Engineers India Limited are working in tandem to construct an energy pipeline connecting India with Russia.

4. BrahMos Aerospace

BrahMos Aerospace, founded in 1995 was a joint venture of NPO Mashinostroyenia of Russia and India’s Defence Research and Development Organisation. The company creates, designs, produces, and sells BrahMos ultrasonic cruise missiles and has been able to integrate the missile into air, land, ship as well as submarine launch platforms.

BrahMos Aerospace combines its capabilities with those that are the combined strengths of Russian NPOM as well as Indian DRDO. While NPOM is a specialist in ramjet engines, as well as cruise missiles and space technology, DRDO has the expertise in the development of inertial navigation systems as well as mobile launchers, and mission software.

5. Siloviye Mashiny

Siloviye Mashiny, established in 2000 It is an Russian multinational producer of equipment for different energy systems, including hydroelectric power, nuclear power, and thermal power. The company began operations in India in the beginning of 2000 and is operating in India through the representative offices located in Noida, UP.

Silovye Mashiny first contributed to the Indian energy sector by providing equipment and technical assistance to construct Sipat the thermal power station situated in Chhattisgarh along with Barh Thermal power plant in Bihar. It also built the four of the first four units of Tehri hydroelectric power plant in Uttarakhand.

6. Rosneft

Rosneft founded in 1993 was established in 1993. It is founded in 1993, is a Russian energy company involved in exploration refinery, extraction transport and selling of natural gas, petroleum and petroleum-related products. Its direct involvement with the Indian energy industry began in the year 2016, when it acquired 49 percent stakes Essar Oil, and gained access to one of India’s biggest high-tech refineries in Vadinar in Gujarat and with a annually capacity of around 20 million tonnes in crude oil.

7. Severstal

Severstal was established in 1993 is an Russian firm with interests in the production of steel as well as metallurgy and mining. Severstal has signed agreements with the biggest mining firm within India, NMDC, to establish a steel plant that will have a production capacity between 2 and 5 million tonnes located in Karnataka. Severstal will hold 50 percent of the plant. Protocol for implementation to establish the plant was signed during the year of 2018.

8. Sberbank

Sberbank was established in 1841, has become the most important bank in not only Russia but also in whole of Central as well as Eastern Europe. It has been operational in India from the year with its branches at New Delhi and Mumbai. Sberbank’s service portfolio Sberbank in India includes money transfers between India and Russia as well as a collection account specifically for Indian exporters, a special accounts for non-residents of the rupee trade finance solutions, along with bank assurances.

9. NLMK

NLMK was established in 1931 is one of the top four steel firms in Russia that produces a range of steel products. These include electrical steels special coated steels as well as the flat products of steel. The company has been operating in India since 2012 and has been involved in the manufacture of GO steel for the oil and gas industry as well as mining and metal industries as well as radioelectric equipment and infrastructure projects. The production facilities are within the Aurik SEZ of Sambhajinagar, Maharashtra.

10. Stroytransgaz

Stroytransgaz was established in 1990 was an Russian construction and engineering company that specializes in the gas and oil industry. The company has constructed two sections of a gas pipeline that runs east-west in India in partnership in partnership with Reliance Gas Transportation Infrastructure Limited. In addition to two sections of 147km and 102 kilometers of pipeline, it also constructed six valve station, as well as a launch station, and the scraper receiver.

Conclusion

India and Russia aim to achieve an objective of bilateral trade of 100 billion dollars by 2030. This goal will be reached through trade and investment initiatives particularly in important sectors of infrastructure, manufacturing, and energy. Both countries are working together on important economic projects like Chennai-Vladivostok East Maritime Corridor along with the North-South Transport Corridor.