PJSC INGRAD (MCX: INGR.ME), a leading Russian real estate developer headquartered in Moscow and founded in 2012, specializes in the development, construction, and management of residential and commercial properties primarily in Moscow and the Moscow region. The company offers multi-format residential communities including single-family detached houses, townhouses, multi-storey apartment buildings, and supporting commercial spaces with social infrastructure; land plots for development; and business real estate such as office buildings, retail centers, and hotels, with a focus on comfort and business-class housing. It operates through segments encompassing land plots, residential property, multi-apartment residential complexes, and other activities, supported by a substantial land bank and a portfolio that has delivered over 3.7 million square meters of commissioned projects.
In a major strategic shift, Sminex acquired 100% of PJSC INGRAD from Rossium Concern in 2024, a transaction approved by Russia's Federal Antimonopoly Service that includes 19 ongoing development projects totaling 7.1 million square meters and a 15,000-hectare land bank in the Moscow region, significantly expanding Sminex's portfolio to 117 projects covering 11.7 million square meters. Previously controlled by Rossium Concern as the majority shareholder following the 2017 merger of PJSC OPIN and JSC Ingrad, the company maintains its operations under new ownership while continuing to rank among Russia's top developers by current construction volume.