India and Russia are engaged in a complex relationship in the fields of defense, energy, technology, and trade. Russian companies in India have built huge operations in Indian markets with the help of historical connections and mutually beneficial economic interests. This existence keeps developing based on joint ventures, strategic investments, and bilateral co-operation models that assist in sustaining each other through growth agendas.
Overview of India–Russia Economic and Strategic Relations
India-Russia relationship is an exemplar of a time-tested strategic relationship based on cooperation in the sphere of defense, the security of the energy supply, and diplomatic alignment. Bilateral trade embraces a wide variety of businesses such as military equipments, petroleum products, fertilisers, and technology. The two countries are pursuing de-dollarisation projects, rupee-ruble trading systems, and joint production projects, which enhance economic interdependency in spite of the global geopolitical tensions.
Why Russian Companies Operate in India
- Growing Consumer Market: The population of India of 1.4 billion provides immense energy, technology, consumer goods, and services demand.
- Strategic Defence Partnership: The past military collaboration opens defence manufacturing and technological transfer and collective production opportunities.
- Cooperation in the sphere of energy security: The emerging energy demands in India match the hydrocarbon exports by Russia and its expertise in nuclear technology.
- Favourable Trade Dynamics: Complementary economies facilitate the exchange of resources where India imports oil, fertilisers, and defence equipments as it exports pharmaceuticals and tea.
- Geopolitical Alignment: Both countries promote a multipolar world order, which promotes strategic autonomy and coordination of foreign policies independently.
Overview of Russian Business Presence in India – 2026 Insights
- 150+ Russian companies operate in India: Core focus on energy, defence, nuclear power, fertilisers, metals, IT, and transport
- Rosatom, Rosneft, Gazprom, Sukhoi, and Rusal are key anchor players
- Russia remains a major supplier of crude oil to India, accounting for about 30–35% of total oil imports, forming a key pillar of partnership.
- Strong emphasis on supply-chain security over consumer branding
- Increasing adoption of INR–RUB trade settlements
- Bilateral trade value crosses USD 65–70 billion annually
- Active technology transfer and skill development in nuclear, defence, and railways
- Supports India’s goals of energy security, food security, and infrastructure modernisation
- India remains Russia’s most important strategic market in Asia
- Growth expected in nuclear expansion, clean energy, defence localisation, and logistics
Top Russian Companies in India 2026 – Detailed Information
IT & Cybersecurity
1. Kaspersky
- Industry / Sector: Cybersecurity & Antivirus Software
- Presence Type in India: Direct operations through sales offices, technical support centers and association with Indian distributors country-wide.
- Website: https://www.kaspersky.com/
Kaspersky Lab, one of the Russian companies in India, has a widespread presence in the field of enterprise and consumer cybersecurity. The company has well-established distribution channels that cooperate with system integrators and retailers across the country. The Indian operations are aimed at fighting regional cyber threats and providing local technical assistance. Kaspersky is also engaged in state-level cybersecurity programs. The company makes alterations to global threat intelligence as per the needs and compliance guidelines of Indian markets.
Key Products/Services:
- Malware, ransomware, and advanced persistent threat protection.
- Antivirus software with real-time protection
- Intelligence about threats.
Why the Company Is Important:
- Secures vital sectors of architecture such as banking, government, and healthcare.
- Offers low cost cybersecurity services.
- Donates cybersecurity training, research collaboration.
Also Read: American Companies in India
2. Yandex
- Industry / Sector: Internet Technology & Cloud Services
- Presence Type in India: Digital channels technology partnership, API services, and cloud solutions based on digital platforms.
- Website: https://yandex.com/
Yandex, one of the Russian companies in India, offers search engine, cloud computing, and digital mapping solutions to Indian companies and developers. The firm provides APIs that enable the use of Russian technology in Indian applications, especially for geolocation services. While its direct consumer presence is limited compared to Western alternatives, Yandex maintains technical alliances that support data analytics and machine learning implementations. Its digital infrastructure, built on Russian technology capabilities, helps India meet growing digital infrastructure needs through specialized software development tools and platforms.
Key Products/Services:
- Cloud computing infrastructure
- Mapping and geolocation APIs
- AI development, data analytics, automated translation services
Why the Company Is Important:
- alternative technology solutions
- Contributes to India start up ecosystem
- Delivers a variety of technology
3. ABBYY
- Industry / Sector: Intelligent Document Processing & OCR Technology
- The type of Presence in India: Direct sales operations, partner network, technical support beyond local offices and authorized resellers.
- Website: https://www.abbyy.com/
ABBYY provides smart techs in document processing, optical character recognition (OCR) and data capture, that change the business processes. ABBYY solutions are applied to Indian enterprises to digitize paper records, automate invoice processing and extract structured data in documents. The company facilitates multilingual OCR functions that are vital in the multilingualism of India in the regional languages and scripts. Government, financial services and healthcare industry use ABBYY to achieve efficiency. The technology alliances allow integration with the Indian enterprise software ecosystems and cloud services.
Key Products/Services:
- OCR software.
- Document processing systems
- Process intelligence software
Why the Company Is Important:
- Empowers digital transformation programs
- Funds multilingual document
- Lowers the cost of doing business
Energy & Power
4. Rosneft
- Industry / Sector: Oil & Gas Exploration and Production
- Type of Presence in India: Strategic equity investments within Indian refineries with majority of Nayara Energy that operates large-scale refining plants.
- Website: https://www.rosneft.com/
Rosneft, one of the Russian companies in India, has a large stake in Nayara Energy, which owns one of the largest privately owned refineries in Gujarat. This investment represents a significant Russian involvement in India’s downstream petroleum sector. Rosneft supplies crude oil that supports refining operations and ensures feedstock security across supply channels. This strategic alliance helps India strengthen its energy security while enabling Russia to access stable export markets. The partnership also extends to retail fuel station networks across Indian states and the supply of aviation fuel.
Key Products/Services:
- The supply of crude oil.
- Diesel, gasoline, aviation fuel and refined petroleum products
- Integrated energy solutions.
Why the Company Is Important:
- The diversification of sources of crude supply
- Provides jobs in refining, distribution, retail business.
- Aids in technological transfer.
5. Gazprom
- Industry / Sector: Natural Gas Production & Distribution
- India: Type of Presence: Trading relationships, exploration of long-term supply agreements, energy forum and discussed participation.
- Website: https://www.gazprom.com/
Gazprom considers the aspects of natural gas cooperation, liquefied natural gas (LNG), supplies and possible pipeline schemes between Russian gas resources and India. The firm also holds consultations about the long-term gas supply partnerships as a means of helping India to shift to cleaner sources of energy. Geographical distance and transit routes are also infrastructure issues that are under review on whether they are feasible. Gazprom takes part in energy conferences in India on the future cooperation models. The use of natural gas alliances would greatly diversify the Indian energy mix so that there is less reliance on coal.
Key Products/Services:
- LNG exports
- Potential of gas supply
- Natural gas exploration
Why the Company Is Important:
- Represents one of the potential clean energy suppliers
- Offers price competitive gas supplies
- Would facilitate the formation of strategic energy
6. Lukoil
- Industry / Sector: Petroleum Exploration & Production
- Presence Type in India: Trading, agreements of supplying crude oil, few exploration interests, by means of commercial relations.
- Website: https://www.lukoil-lubricants.com/
Lukoil, one of the Russian companies in India, has interests in oil exploration and crude trading with Indian refineries and energy firms. The company supplies crude oil suited to the refining configurations used in India and offers it at competitive pricing. While Lukoil has limited direct operational presence compared to some international markets, it is exploring opportunities in India’s upstream territorial blocks. Joint ventures support bilateral energy trade, allowing Russian petroleum to reach Indian consumption markets.
Key Products/Services:
- Trading in crude oil
- Exports of petroleum products
- Partnerships where exploration is done to assess joint venture opportunities
Why the Company Is Important:
- Diversifies the import of crude oil
- Gives competitive pricing options
- Has a prospective upstream investment partner
7. Rosatom
- Industry / Sector: Nuclear Power Generation & Technology
- Presence Type in India: Kudankulam Nuclear Power Station project strategic partnership which offers technology of reactor, fuel, and support services.
- Website: rosatom.ru
Rosatom, one of the Russian companies in India, works closely with the Kudankulam Nuclear Power Plant project in Tamil Nadu, where it has contributed extensively to nuclear power generation. The state corporation provides reactor technology, fuel supplies, and technical expertise to support power generation. Several reactor units are already operational, with additional units under construction that will significantly increase India’s nuclear capacity. Rosatom is also involved in skill development initiatives, training Indian nuclear engineers and technicians. This collaboration is considered one of India’s largest foreign partnerships in the development of clean energy infrastructure and advanced nuclear technology.
Key Products/Services:
- Nuclear construction and design
- Nuclear fuel fabrication
- Technical training and capacity to building programs
Why the Company Is Important:
- Meets the baseload power production
- Promotes the Indian climate obligations
- Facilitates transfer of nuclear technology development
Defense & Aerospace
8. Rostec
- Industry / Sector: Defense Technology & Military Equipment
- Presence Type in India: Joint Ventures, licensed Production, technology transfer etc.
- Website: https://rostec.ru/en/
Rostec facilitates defense technology transfers, joint production and military equipment deliveries to Indian armed forces on platforms. The conglomerate makes it easier to have licensed production deals where the indigenous are allowed to develop Russian defense systems. Some of the partnerships are aircraft, helicopters, missile systems, and electronic warfare gear that are produced jointly. Rostec is involved in the Indian Make in India program of defense cooperation, which also involves sharing of technology and creation of local production ecosystems. The company manages maintenance, repairs, overhaul (MRO) services to provide with operational availability of Russian-based military equipment.
Key Products/Services:
- Production of military aircrafts
- Helicopters offering multi-purpose helicopters to military forces
- Air defense equipment
Why the Company Is Important:
- Indian defense powerhouse
- Allows local production of military defense by technology
- Trusts in “Make in India defense initiative that generates jobs in India.
Metals & Mining
9. Alrosa
- Industry / Sector: Diamond Mining & Trading
- Form of Presence in India: One-on-one trading with Indian diamond processors, industry trade show involvement, sales offices.
- Website: https://www.alrosa.ru/en/
Alrosa, one of the Russian companies in India, sells rough diamonds to the Indian cutting and polishing industry, which is the largest diamond processing hub in the world. India receives large quantities of diamonds mined in Russia and refined in Surat, Gujarat, employing hundreds of thousands of people. The company maintains direct relationships with Indian diamond traders, manufacturers, and exporters to facilitate trade flows. Alrosa also participates in industry conferences and trade forums to strengthen bilateral cooperation in the gem and jewellery sector. This partnership supports India’s diamond processing dominance, contributing significantly to export earnings and artisan employment.
Key Products/Services:
- Raw gemstone suppliers
- Certified diamonds
- Trading alliances
Why the Company Is Important:
- Keeps the India diamond processing business
- Empowers India to lead the world in terms of diamond processing
- Incorporates stable supply chain of the Indian jewelry industry to cater to local market
10. Norilsk Nickel
- Industry / Sector: Non-Ferrous Metals Mining & Refining
- Presence Type in India: Trading business, exports of metals, search of processing joint venture with Indian companies.
- Website: https://nornickel.com/
Norilsk Nickel exports nickel, copper, palladium, and platinum group metals that are required in Indian manufacturing industries. These materials are used in the production of stainless steel, electronic production, automotive catalyst converters and in the chemical processing market. The firm discusses the opportunities of joint venture in processing and refining business in India. The strategic supply contracts guarantee continuity in the supply of metal to the Indian industrial growth needs. Cooperation in technology in the mining sector may boost the mining and processing capacity in India.
Key Products/Services:
- Nickel supplies
- Electrical wiring
- Automobile catalysts
Why the Company Is Important:
- Provides needed industrial metals in the growth of Indian manufacturing industries
- Keystone to the stainless steel industry in India that supplies important raw material
- Facilitates the development of the automotive industry in India
11. Rusal
- Industry / Sector: Aluminum Production & Processing
- Kind of Presence in India: Trading association with Indian importing companies, exportation of aluminum products, analysis of possible processing investments.
- Website: https://allow.rusal.com/
Rusal, one of the Russian companies in India, supplies aluminum and alumina to Indian manufacturing industries such as automotive, construction, packaging, and electrical sectors. The company maintains trading relationships with Indian importers and manufacturers, ensuring continuity in the metal supply chain. While it currently has limited direct operational presence, potential investment in Indian aluminum processing remains under consideration. Rusal’s aluminum supplies support infrastructure development, vehicle manufacturing, and consumer goods production in India, strengthening bilateral trade in industrial products.
Key Products/Services:
- Raw material used in automotive parts
- Alumina imports
- Value-added aluminum products
Why the Company Is Important:
- Provides light weight metal that supports the development of India
- Facilitates infrastructure building to provide aluminum to construction projects,
- Engages in the packing business in India to offer recyclable food packaging,
Chemicals & Fertilizers
12. PhosAgro
- Industry / Sector: Phosphate Fertilizers & Agricultural Chemicals
- Presence in India Type: direct export, government procurement system, trading partner, agricultural forums.
- Website: https://www.phosagro.com/
PhosAgro, one of the Russian companies in India, supplies phosphate-based fertilizers that are vital for Indian agriculture and the country’s food security goals. The company distributes diammonium phosphate (DAP) and other fertilizer products that are in high demand among farmers across India. As India relies heavily on fertilizer imports to address domestic production gaps, PhosAgro helps ensure the timely availability of essential agricultural inputs. The company also participates in government procurement contracts and established distribution channels. These supplies have a direct impact on crop productivity, farmer incomes, and overall agricultural output in India.
Key Products/Services:
- Diammonium phosphate fertilizer
- Single super phosphate products
- Specialized fertilizers
Why the Company Is Important:
- Secures food security in India that supplies essential agricultural inputs
- Banks the domestic production of fertilizers lapses to the production
- Empowers farmers to survive, through enhancing their crop production
13. Uralkali
- Industry / Sector: Potash Mining & Fertilizer Production
- Presence Type in India: Long-term Supply: The contracts with the government agencies, direct trading with the private importers, logistics partnership.
- Website: https://www.uralkali.com/
Uralkali, one of the Russian companies in India, manufactures potassium chloride (potash) fertilizers that are essential for maintaining crop nutritional balance and improving agricultural productivity in India. The company has long-term supply agreements with government agencies and private importers, ensuring year-round availability. As India relies entirely on imports for potash, Uralkali’s supplies are critical to meeting this demand. Its fertilizers support a wide range of crops, including rice, wheat, sugarcane, cotton, and horticultural produce. These supply relationships play an important role in strengthening India’s agribusiness and food production objectives.
Key Products/Services:
- Potassium chloride manure
- Potash formulations
- Tailor-made nutrient mixtures
Why the Company Is Important:
- Addresses significant nutrient shortage
- Increases agricultural output
- Favors horticultural growth
Banking & Finance
14. Sberbank
- Industry / Sector: Banking & Financial Services
- In India: Type of Presence: Representative office, trade finance, corporate banking, facilitating bilateral payment mechanisms.
- Website: https://sberbank.co.in/
Sberbank also has a representative presence that is looking into trade finance, rupee-rupel settlement systems, and bilateral banking corridors development. Payment systems based on the India-Russia trade transactions to bypass dollar-denominated settlements during sanctions environment are supported by the bank. There are limited retail banking business activities with an emphasis on corporate, institutional banking services. Sberbank develops financial technologies cooperation, digital banking partnership with Indian bancs. The banking cooperation helps in dedollarization projects and development of bilateral trade payments infrastructure.
Key Products/Services:
- Trade finance
- Rupee-ruble payment systems
- Corporate banking solutions
Why the Company Is Important:
- Allows continuity in India-Russia trade
- Advocates the goals of dedollarization
- Offers banking facilities required to increase bilateral trade
15. VTB Bank
- Industry / Sector: Banking & Financial Services
- Presence Type in India: Representative offices that give corporate banking, trade finance and project financing of bilateral business activities.
- Website: https://www.vtb.com/
VTB Bank makes its operations in the form of representative offices that offer trade finance, project financing, and treasury services that assist bilateral commerce. The bank helps in conducting massive business deals such as payment of defense procurement, energy sector to fund infrastructure projects. VTB examines rupee-ruble trading platforms, which are a settlement mechanism that provides bilateral trade mechanisms that are neutral to currency. Corporate banking services facilitate Russian companies in India and Indian companies that are involved in the cross-border business operations. Monetary collaboration enhances economic relations giving banking infrastructures to support increased bilateral trades.
Key Products/Services:
- Project financing solutions
- Defense procurement banking
- FX related services
Why the Company Is Important:
- Facilitates key strategic
- Plays a role in financial infrastructure of cooperation
- Supports alternative payment mechanisms
Infrastructure & Transport
16. Russian Railways (RZD)
- Industry / Sector: Railway Infrastructure & Logistics
- Presence type in India: Consulting alliances, technical collaboration deals, Knowledge sharing with Indian Railways.
- Website: http://eng.rzd.ru/
Russian Railways, one of the Russian companies in India, works on railway modernization projects by sharing expertise in heavy-haul operations, high-speed rail technologies, and logistics optimization. The corporation provides consulting services, technology assessments, and operational best practices drawn from Russia’s extensive railway network. Potential areas of collaboration include locomotives, signalling systems, station development, and multimodal transport integration. Russian Railways is also engaged in technical cooperation with Indian Railways on electrification strategies, energy efficiency improvements, and capacity expansion initiatives. This infrastructure partnership supports the modernization of India’s transportation system.
Key Products/Services:
- Consulting services
- Heavy-haul freight technology
- Electrification
Why the Company Is Important:
- Facilitates modernization of Indian
- Enables transfer of technology
- Facilitates knowledge transfer
Food & Consumer Goods
17. United Confectioners
- Industry / Sector: Confectionery & Food Products
- Type of Presence in India: Export business, assessment of distribution relationships, exploration of market entry of the Russian confectionery brands.
- Website: https://www.unitedconfection.com/
United Confectioners delves into the Indian market penetration of Russian chocolate, candy, and confectionary items to the rising middle-income customers. The company analyses distribution affiliations, retail avenues, and consumer inclinations in the Indian confectionary market that is competitive. There is a lack of current presence but there is a great potential in export since India has shown a growth in consumption of confectioneries. The Russian confectionery brands had the opportunity of distinguishing on the basis of distinctive flavors, high-end positioning and the telling of the heritage. Consumer goods trade is an additional opportunity in diversification other than the usual defense-energy bilateral trade.
Key Products/Services:
- High-end chocolates
- Russian classic candies
- Gifts selections
Why the Company Is Important:
- Indicates the bilateral trade diversification
- Sells Indian consumers global confectionary products
- Opens up the possibility of reverse trade flow
Aviation & Logistics
18. Aeroflot
- Industry / Sector: Aviation & Air Transport
- Forms of Presence in India: Direct flights between Russian and Indian cities, cargo, passenger transportation, tourist cooperation.
- Website: https://www.aeroflot.ru/us-en
Aeroflot, one of the Russian companies in India, provides direct flight services between Russian cities and major Indian metropolitan centres, enabling passenger travel and trade connectivity. The airline maintains code-share alliances, cargo contracts, and tourism partnerships that facilitate bilateral people-to-people relations. Despite global aviation sanctions, flight operations continue through alternative aircraft, routing, and service arrangements. Aeroflot serves the Indian diaspora, business travellers, and tourists visiting Russia, strengthening bilateral connectivity. This aviation link boosts economic, cultural, and educational interactions between the two countries and supports broader cooperation.
Key Products/Services:
- Passenger flight services
- Air cargo business
- Tourism packages
Why the Company Is Important:
- Has the physical connectivity
- Favours bilateral trade logistics
- People-to-people diplomacy by way of tourism
What Is the Biggest Russian Company?
Gazprom is the biggest company in Russia in terms of revenue, market capitalisation and influence in the energy sector across the globe. The European energy supply is controlled by the state owned natural gas giant that is exploring the global markets such as Asia. In India in particular, Rosneft via Nayara Energy has the greatest presence in operations and commitment to investment. Rosatom is the head of the nuclear energy cooperation as the representation of strategic technology cooperation, which is not on a commercial basis. The defence sector organisations, as a group of the Rostec, Sukhoi, command great significance due to the military-technical collaboration over the decades that seriously influences bilateral strategic relations.
How Many Russian Companies Are There in India?
- Hundreds of Trading Entities: Many Russian companies in India do their business via import export business
- Major Strategic Investors: Russia has a number of 20-30 major corporations that have heavy investments
- Defence Sector Dominance: The Russian defence companies are jointly the biggest representation in terms of equipments
- Growing Service Sector: IT firms, consulting firms, and financial institutions are slowly increasing their Indian presence
- Energy Sector Leadership: Most noticeable, substantial Russian corporate presence in oil
Challenges & Opportunities for Russian Companies in India
- Western Sanctions Impact: International financial limitations complicate the payment systems
- Complexities in Payment Systems: Creation of rupee-ruble settlement structures, non-use of dollars, and currency fluctuations are operational issues which are still being experienced.
- Logistics and Connectivity: Infrastructure chokepoints, such as geographical distance
- Competitive Global Market: Russian companies in India are competing with Western, Chinese, Japanese companies who provide other technologies, prices, conditions of financing.
- Massive Growth Potential: The growing economy of India, infrastructure development requirements, and modernisation of the military, energy requirements offer remarkable prospects to Russian companies in India in the long run.
Conclusion
Russian companies hold strategically important positions in India’s economy, particularly in defence, energy, technology, and critical resources. Long-standing partnerships between the two nations are evolving to address modern challenges, including global sanctions, alternative payment methods, and supply chain realignment. Beyond traditional sectors, Indo-Russian economic cooperation is steadily expanding into advanced technology, digital infrastructure, and innovation-driven industries. This evolving partnership underscores the resilience and long-term relevance of Russian companies in India’s economic and strategic landscape.
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FAQs
What is the amount of Russian investment in India?
Rosneft is the largest Russian investor in Nayara Energy, which operates a major refining and retail fuel business.
Do Russian banks trade in India?
Sberbank and VTB Bank have representative offices where it offers corporate banking, trade finance, treasury services by having retail operations that is not available at the moment.
How do the Russian companies manage payment penalties?
The companies are involving the rupee-ruble settlement system, the alternative banking system, the barter system, and third country intermediaries, not using dollar-denominated transactions in effect.
What other industries could Russian investors invest in?
Pharmaceutical, information technology, manufacturing, infrastructure, and renewable energy are some of the possible areas of expansion to be made beyond the traditional defence-energy bilateral commercial prime.
