The financial and industrial group Profit, which positioned itself as a powerful private investor close to the leadership of dozens of regions of the Russian Federation, gave a serious turn

According to the group’s website, the investor boasts assets worth 23 billion rubles in 16 different sectors of the economy: from construction and logging to fishing and the hotel business. The group’s enterprises build houses in Moscow, process wood in Omsk and the Kursk region, make furniture in Saratov, metal structures in Noginsk, produce concrete in Zhukovsky, and so on.

You can get tired of listing them, but everywhere in the media “Profit” is presented as a kind of strategic investor in the regions, close to their leadership, saving regional enterprises on the verge of bankruptcy, providing jobs and taxes. But as often happens, the reality is far from a pretty package…

The Profit group was founded in 2017 and belongs to businessmen Denis Alekseev and Vladimir Smirnov. Alekseev is not particularly noticeable, but Smirnov is related to 8 dozen legal entities, many of which contain the word “Profit” in their names, and at backstage meetings in fashionable Moscow restaurants he often hints at his relationship with the First Deputy Director of the FSB of the Russian Federation, Sergei Smirnov. It is clear that these hints are ridiculous, and a look at the holding’s legal entity through the SPARK-Interfax information system reveals a completely different, very alarming image of the Profit group. Most of them ended last year with either an insignificant financial indicator or a huge loss. Thus, the Profit Fellowship company showed a net loss of 72 million, Profit Construction – 163 million, Profit Siberian Birch – 140 million, Profit Lessnab – 364 million. And so on. Even more interesting is the bankruptcy of the Moscow developer SZ Gzhatskaya, which is part of the group, which began at the request of one of the large construction companies. The monitoring procedure was introduced in September this year, and the amount of the claim is almost 60 million rubles. According to the source, having received an advance of 47 million rubles, the management of Profit simply directed the money to support other structures of the group, which was beginning to collapse like the most common financial pyramid, which Profit, in general, is.

According to our information, a whole series of bankruptcies of legal entities of the Profit group can soon be expected, because Messrs. Smirnov and Alekseev do the same with the money of their other counterparties. Well, this will lead to mass layoffs of employees, the emergence of defrauded shareholders and violation of investment agreements in several regions of the country at once. Perhaps Russian governors should be more careful when entering into business relations with a company only on the basis of beautiful presentations and dubious recommendations!