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Sistema

Company nameSistema JFSC
Company typePublic
IndustryConglomerate
Founded(1993)
HeadquartersMoscow, Russia
Key peopleVladimir Evtushenkov, (Chairman & CEO)
ProductsTelecommunications
Banking
Real Estate
Retail
Media
Tourism
Radio & Space Technology
Medical Services
Biotechnology
Oil
Revenue(+) US$ 28.0 billion (2010)
Net income(-) US$ 918.7 Million (2010)
Owner(s)Vladimir Yevtushenkov (62.10%)
Employees90.000
SubsidiaryMobile TeleSystems, Moscow City Telephone Network, SkyLink, MTS India, Sitronics

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AFK Sistema (RTS - AFKS, MICEX - AFKS, Lse - SSA) is a large Russian conglomerate company, headed by Vladimir Yevtushenkov. In March 2006, Yevtushenkov controlled 62% of the shares in Sistema.

Sistema has its headquarters in Moscow, and operates a number of consumer service businesses in the areas of:

* IT and telecoms - Mobile TeleSystems, Moscow City Telephone Network, SkyLink, MTS India.

* Microelectronics - Sitronics (formerly known as 'Science Center Concern'), NIIME, Mikron, STROM telecom.

* Insurance - ROSNO

* Banking - MBRD (Moscow Bank for Reconstruction and Development)

* House-Building - Sistema-Hals

* Retail - Detsky Mir Group

* Media - Sistema Mass Media

* Oil businesses - Bashneft, Ufaorgsintez, Novoil, Ufaneftehim, Ufimskiy NPZ, Bashkirnefteproduct, Bashkirenergo.

*Other businesses - Intourist (Travel Services), RTI Systems (Radio and space technology), Binopharm (Pharmaceuticals), Olympic Sistema (Sport)

The company's Global Depository Receipts (GDRs) are traded on the London Stock Exchange (Lse - SSA).




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