Largest Russian private companies by revenue

Russian energy company Lukoil, founded in 1991, had the largest revenue compared to other privately-owned businesses in the country, exceeding 5.6 trillion Russian rubles in 2020. The second-largest non-state company was the retail business X5 Group, whose revenue was calculated at approximately two trillion Russian rubles. Besides energy and retail companies, metal producers such as NLMK and Nornickel were included in the ranking.

Largest private companies in Russia in 2020, by annual revenue (in billion Russian rubles)

Characteristic	Annual revenue in billion Russian rubles
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Release date

September 2021

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Region

Russia

Survey time period

2020

Supplementary notes

Companies controlled by private persons with a share of over 50 percent.
The rating does not include subsidiary companies of global conglomerates but considers companies created in Russia by foreigners to work in the domestic market as well as companies registered abroad but mostly operating in Russia.

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