There are decades of friendship between India and Russia. Their relationships have grown past exchanging pleasant greetings in the past few years into actual business transactions. When you have read a plethora of Russian oil, Russian technology, or Russian defence contract news in the recent past, you are not alone.
With 2026 already on record, New Delhi-Moscow trade and investment are busier than ever before. India requires energy, and Russia is peering to the east; hence, Russian Companies in India are establishing offices, forging joint ventures, and establishing a larger presence in India.
Key Insights as per 2025 Based Data Metrics on India-Russia relations:
- Bilateral Trade: ~USD 69 billion in FY 2024–25, a historic high.
- Trade Imbalance: India exports ~USD 4.9 billion; imports ~USD 63.8 billion.
- Future Target: Aim to reach USD 100 billion by 2030.
- Investment: Russian investment in India exceeds USD 18–20 billion, mostly in energy, infrastructure, and tech.
- Energy Partnership: Russia supplies 30–35% of India’s crude oil and LNG needs.
- Diversification: Focus expanding to IT, pharma, electronics, and engineering goods.
- Strategic Moves: Alternative payment systems, the North–South Transport Corridor, and joint ventures are strengthening ties.
In today’s blog, we will explore the list of top Russian Companies in India for 2026.
India-Russia Business Relations → Understanding the India-Russia Economic Partnership
Imagine the India-Russia relationship like a special arrangement where the beginning of the relationship was in defense, Russia provided tanks and jets as security to India. Today, it is much more varied. Due to the sanctions of the West, Russia is seeking good economic allies, and India, with its expanding economy and energy demands, would be an ideal match. India is now importing energy and fertilizers, and the Russian firms are seeking India as a partner in technology cooperation, production facilities, and a vast market.
The reason why Russian Companies do Business in India.
- Market Size: India is a country with a population of 1.4 billion, which provides it with a tremendous customer base.
- Friendly Relations: Russian companies do not have to encounter many political challenges in India, as they do in most Western states.
- Talent Pool: Russian IT companies appreciate Indian software engineers and developers.
- Energy Demand: India is the third-largest consumer of oil in the world, with a massive potential for Russian energy firms.
- Russia remains a significant crude oil supplier to India, accounting for approximately 30–35% of the country’s total oil imports and serving as a cornerstone of its bilateral energy partnership.
Top Russian Companies in India (2026 edition)
IT & Cybersecurity → Russian IT and Cybersecurity Firms in India
1. Kaspersky
- Industry: Cybersecurity and Antivirus.
- Presence Type: Fully owned subsidiary.
- Website: www.kaspersky.co.in
- HQ: Vashi, Navi Mumbai (Maharashtra).
Kaspersky is the best recognised Russian brand in India. It sells antivirus software and collaborates with businesses and the government to combat cybercrime and keep industrial secrets.
Key Services:
- Total Security
- Endpoint Business
- Industrial Cybersecurity
Why it is important: It also secures the Indian laptops, phones and even banking machines of millions of people against hackers.
2. Yandex (Yango Tech)
- Industry: Technologies / IT Services.
- Type of Presence: B2B technology solutions.
- Website: www.yango.com
- HQ: Business is based in Gurugram/international centers.
Yandex does not operate its search engine in India; it is recognized as the Google of Russia. Rather, it is offering mapping, logistics route planning on its Yango brand, and retail technology. It plans to assist the Indian retailers in competing with large companies such as Amazon in 2026 by providing them with superior AI-based logistics.
Key Services:
- Yango Tech retail automation
- Mapping APIs
- Logistics routing software.
Why Important: It will introduce high-level AI and map solutions to Indian startups at a cheaper cost compared to the US.
3. ABBYY
- Industry: OCR and Intelligent Automation.
- Presence Type: Sales office and R&D centers.
- Website: www.abbyy.com
- HQ: New Delhi and Bengaluru (R&D)
You may have been using ABBYY technology if you have scanned a document into editable text. It is the leader in OCR and document processing and is one of the top Russian companies in India. In India, it has established a Center of Excellence in Bengaluru and recruits the best Indian talent to create AI that reads and comprehends paperwork in banks, insurance companies, and governmental offices, making document processing faster.
Key Services:
- Vantage
- FineReader PDF
- Intelligent Document Processing
- Why Important: Its tools enable the processing of loans and KYC by the major Indian banks in a shorter time.
Energy & Power → Major Russian Energy and Power Companies in India
4. Rosneft (Nayara Energy)
- Industry: Oil & Gas
- Type of Presence: Major stakeholder – 49.13 percent in Nayara Energy.
- Website: nayaraenergy.com
- HQ: Mumbai, Maharashtra (Refinery in Vadinar, Gujarat)
It is arguably the biggest Russian commercial investment in India. Nayara Energy (previously Essar Oil) is mostly owned by Rosneft, one of the top Russian companies in India. This provides it with the second-largest single-site refinery in Vadinar, Gujarat. It is not only a refinery; they also operate over 6,000 petrol pumps in India under the Nayara brand. The company plays a key role in India’s energy security, refining crude oil into petrol, diesel, and jet fuel to serve the Indian market.
Key Services:
- Petrol/Diesel retail
- Crude oil refining
- Bitumen
- Sulphur.
Why Important: They provide fuel to millions of Indian vehicles day after day and are one of the pillars of Indian energy independence.
5. Gazprom
- Industry: Natural Gas
- Type of Presence: Representative Office.
- Website: www.gazprom.com
- HQ: New Delhi, India
Gazprom is the largest gas company in the world. In India, it is a strategic position. It is a supplier of liquefied natural gas (LNG) to GAIL (Gas Authority of India Limited). There is no Gazprom store on the street, but it is turning the lights on and the factories are operating. It entered into a 20-year contract to sell LNG to India that we use in our fertilizer factories and urban gas systems.
Key Services:
- LNG supply
- Energy consulting.
Why Important: The reason it matters is that it gives the clean fuel that is required to run the industries and the production of fertilizers in India.
6. Rosatom
- Industry: Nuclear Energy
- Type of Presence: Project Partner (Kudankulam Nuclear Power Plant)
- Website: www.rosatom.ru/en
- HQ: It has site offices in Kudankulam (Tamil Nadu) / Mumbai liaison.
Rosatom, one of the top Russian companies in India, is a state organization specializing in nuclear energy. It is the primary partner of the Kudankulam Nuclear Power Plant, the largest nuclear facility in India. While other foreign firms hesitated due to liability laws, Rosatom continued and successfully constructed the plant. It is currently building Units 3, 4, 5, and 6, providing technology, nuclear reactors, and uranium fuel, whose clean electricity powers millions of homes in South India.
Key Services:
- VVER-1000 nuclear reactors
- Nuclear fuel, and medicine isotope technology
Why Important: It forms the foundation of the Indian civil nuclear program, supplying base-load power which is carbon-free.
Defense & Aerospace → Russian Defense and Aerospace Players in India
7. Rostec
- Industry: Defense Conglomerate.
- Type of Presence: Strategic Partner / Joint Ventures.
- Website: www.rostec.ru/en
- HQ: (Representative Office), New Delhi.
Rostec, one of the top Russian companies in India, is a large conglomerate that owns a significant number of Russian technology and defense corporations. It is the primary partner in most defense transactions with India, collaborating with HAL (Hindustan Aeronautics Limited) on the production of helicopters and aircraft. Rostec typically engages whenever India enters into a defense deal with Russia. The company actively supports the Make in India program, enabling technology transfer and local manufacturing of Russian-designed equipment.
Key Services:
- Kamov helicopters
- AK 203 rifles (through JV in Amethi)
- Defense electronics.
Why Important: It assists in the production of the weapons systems, used by the Indian Armed Forces.
8. Sukhoi (UAC)
- Industry: Aviation / Defense
- Type of Presence: Manufacturing Partner with HAL.
- HQ: Nashik / New Delhi (lien via HAL
Sukhoi, one of the top Russian companies in India, is a household name in the aviation sector. It is most famous in India for producing the Su-30MKI, the primary fighter of the Indian Air Force. The company does more than sell jets; it developed a model specifically suited for India (MKI – Modernized Commercial Indian). Sukhoi collaborates with HAL in Nashik, where the jets are licensed and produced. In 2026, Sukhoi remains actively engaged in maintaining and upgrading India’s large Su-30MKI fleet.
Key Services:
- Su-30MKI fighter jets
- Civil aviation research.
Why is it Important: It supplies the Indian Air Force with the leading air-superiority fighter.
9. Almaz‑Antey
- Industry: Aerospace Defense Systems.
- Type of Presence: Technical Support / Delivery Partner.
- HQ: New Delhi (Service Support)
Almaz-Antey manufactures the S-400 Triumph air-defense system. In India, it has a specialized role of providing, installing, and training operators of these advanced missile shields. As it delivers its S-400 squadrons to India, its engineers frequently go to the country to ensure that the systems are functioning and compatible with the current network of the Indian Air Force.
Key Services:
- S-400 air-defense system
- Radar systems
Why is it important? It provides India with one of the most sophisticated anti-aircraft shields in the world.
Metals & Mining → Russian Mining and Metals Companies in India
10. Alrosa
- Industry: Diamond Mining
- Type of Presence: Representative Office
- Website: www.alrosa.ru
- HQ: Bharat Diamond Bourse, BKC, Mumbai
Alrosa, one of the top Russian companies in India, plays a key role in the global diamond trade. India handles 90% of the world’s diamond cutting and polishing, while Alrosa is the largest diamond miner by volume. The company mines diamonds in Siberia and ships them to Surat and Mumbai for polishing. Alrosa also maintains a dedicated office at the Bharat Diamond Bourse in Mumbai, enabling direct contact with Indian diamond houses. This direct trade connection helps Indian jewellers acquire rough diamonds at lower costs by bypassing European intermediaries.
Key Services:
- Rough Diamonds.
Why Important: They provide the raw material of the huge diamond polishing business in India, which serves to sustain thousands in Gujarat.
Chemicals & Fertilizers → Fertilizer and Chemical Companies from Russia in India
11. PhosAgro
- Industry: Fertilizers
- Presence Type: Export Partner / Distributor Network.
- Website: www.phosagro.com
- HQ: Trading partners in New Delhi/Mumbai.
India is a country based on agriculture, and the fuel of farming is the fertilizers. PhosAgro is a Russian conglomerate that manufactures fertilizers of phosphate. They are a very important supplier to the Indian farmers. Their significance has since increased exponentially since the geopolitical changes in 2022-23 when India sought a source of cheap fertilizers to ensure that the cost of food remained low. They provide Indian importers such as IPL (Indian Potash Limited) with huge quantities of DAP and NPK fertilizers.
Key Services:
- DAP
- MAP
- NPK Fertilizers.
Why Noteworthy: India depends on their supplies as the source of food security and agricultural produce.
Banking & Finance → Russian Banks and Financial Institutions in India
12. Sberbank
- Industry: Banking
- Presence Type: Branch Office Presence.
- Website: www.sberbank.co.in
- HQ: Barakhamba Road, New Delhi.
Sberbank, one of the top Russian companies in India, is the largest bank in Russia. In India, it operates a full-fledged branch in New Delhi (Connaught Place area). While it does not serve everyday Indian savings accounts, it primarily assists businesses. When an Indian firm needs to make payments to Russian companies for oil, machinery, or other goods, Sberbank facilitates these complex transactions. It plays a central role in the Rupee–Ruble payment system, enabling trade to continue and navigating around sanctions.
Key Services:
- Corporate Banking
- Trade Finance
- RupeeRuble settlements.
Why Important: They are the economic conduit through which billions of dollars of commerce are transacted between the two countries.
Aviation & Logistics → Russian Airlines and Logistics Firms in India
13. Aeroflot
- Industry: Aviation Company.
- Type of Presence: Airline Operations.
- Website: www.aeroflot.com
- HQ: New Delhi ( Sales Office)
Aeroflot is the flag carrier of Russia. In spite of the airspace limitations in Europe, Aeroflot has shown more interest in India. They have direct flight routes between Moscow and Delhi and Goa. They particularly visit Goa, a big destination since there is a large number of Russian tourists. Aeroflot may become the main connection home to Indian students attending medical colleges in Russia. They also deal with major air cargo between the two countries.
Key Services:
- Air Cargo,
- Passenger Flights.
Why Noteworthy: They are the physical connection of tourism, business travel and students between Russia and India.
14. VTB Bank
- Industry: Banking
- Presence Type: Branch Office Presence.
- Website: www.vtbindia.com
- HQ: Taj Mahal Hotel, Mansingh Road, New Delhi.
VTB, one of the top Russian companies in India, is a state-owned banking giant in Russia. Similar to Sberbank, it maintains a focused branch in New Delhi, primarily to support investment banking and trade finance. VTB helps large Russian firms invest in India and assists Indian exporters in receiving payments for goods like pharmaceuticals or tea sold to Russia. The bank is known for its expertise in structuring complex cross-border transactions, particularly in the energy and defense sectors.
Key Services:
- Investment Banking
- Trade Settlement
- Corporate Finance.
Why Important: They give the liquidity and banking facilities that are required in large-scale government-to-government transactions.
Infrastructure & Transport
15. Russian Railways (RZD)
- Industry: Norfolk Southern.
- Presence Type: Joint Venture (Kinet Railway Solutions)
- Website: www.rzd.ru/en
- HQ: New Delhi (Project Offices)
Russian Railways is a transportation corporation that is one of the largest in the world. They have taken the headlines in India with their subsidiary/partner (Transmashholding) when they won a colossal contract to construct Vande Bharat sleeper trains. They are operating as a JV under the name Kinet Railway Solutions to produce high-speed sleeper trains in the modern world. They are importing Russian experience in long distance and rugged rail transportation to the Indian tracks.
Key Services:
- Vande Bharat Train Sets
- Railway Engineering
- Logistics.
Why it is Important: They are the ones who are working directly on the modernization of Indian Railways and the construction of the next generation of Indian trains.
Food & Consumer Goods → Russian Consumer Brands in the Indian Market
16. United Confectioners
- Industry: US domestic goods market.
- Type of Presence: Distribution Network.
- Website: www.uniconf.ru
- HQ: Mumbai/Delhi distributors.
United Confectioners, one of the top Russian companies in India, is behind Alenka chocolate—the one with the little girl in a headscarf—found in high-end Indian grocery stores. The company, a holding for well-known Russian chocolates, is aggressively expanding in India, positioning its products as high-quality yet affordable alternatives to Swiss or Belgian chocolates. They operate through importers and are increasingly visible on quick-commerce platforms such as Blinkit and Zepto.
Key Services:
- Alenka Chocolate
- Bonbons
- Wafers.
Why is it Important: They are the “soft power” of Russia – the export of Russian culture to the Indian consumers in food.
What Is the Biggest Russian Company in India?
In the case of physical assets and investment value, Rosneft is the winner.
Courtesy of its interest in Nayara Energy, Rosneft operates a giant oil refinery, deep-water port, and thousands of petrol stations in India. Whereas other companies, such as Rostec, merely sell their products to India, Rosneft owns and operates large infrastructure in the country.
What is the number of Russian businesses in India?
In India, there are approximately 50 large Russian companies that have an office, joint venture, or subsidiary by 2026. Considering that you can also add small trading houses, consultants, and IT firms, then the number is more than 100.
This figure is increasing annually due to the desire to ensure that its companies move East.
Opportunities:
- Local production 2 Make in India program in India allows Russian companies to construct plants in India and evade sanctions.
- Rupee trade -The small business of Russia can be conducted through the market of India much more easily due to the improvement of payment systems.
Challenges:
- Even though Sberbank and VTB have operations in India, transferring money is slow due to global scrutiny.
- Logistics- It is expensive and time-consuming to transport goods between Russia and India, and they may pass through a long sea route or the new North-South Transport Corridor.
Conclusion:
Previously, Russian companies in India have been mere suppliers of arms; however, they are currently engaged in energy, technology, and infrastructure.
Russian business is finding its way into your life in India, as evidenced by the Kaspersky antivirus on your computer, Nayara petrol in your car, or the Vande Bharat train that you may take in the near future. More cooperation, particularly in high-tech areas such as nuclear energy and space, is possible by 2026 when the two countries identify more business prospects.
More Countries Working in India:
FAQs
Is it possible to purchase exchangeable shares in these Russian firms in India?
Mostly not, as the state or individual owns the majority. It is difficult to invest in Rosneft indirectly using Indian partners or international funds due to sanctions.
Does Amazon India sell Russian goods?
Yes, you will find Kaspersky software, Alenka chocolate and a few Russian beauty brands on Amazon and Flipkart.
Are there Indians employed in these companies?
Yes. In their turn, Kaspersky, ABBYY, and Nayara Energy hire thousands of Indian engineers, salespeople and factory workers.
Can the company conduct business in India with Russian companies?
Yes. India has not sanctioned Russia, and thus, the Indian companies are allowed to trade with Russian companies provided that they observe the RBI payment regulations.
