MIC (organization)
{{Short description|Russian construction company group}}
{{UPE|date=March 2021}}
{{Use dmy dates|date=December 2018}}
{{Infobox company
| name = MIC
| logo = МИЦ2.jpg
| traded_as =
| slogan =
| foundation = 1999
| location = Moscow, Russia
| key_people = Andrey Ryabinskiy (chair of the board of directors)
| num_employees =
| industry = Development
Construction
| owner =
| products =
| homepage = [https://www.gk-mic.ru www.gk-mic.ru]
}}
MIC Group is a Moscow-based construction organization comprising property development, construction and real estate companies.
It specializes mainly in housing construction.[http://www.vedomosti.ru/realty/articles/2014/10/24/developer-mic-prodolzhaet-ukreplyat-pozicii-v-staroj-moskve Девелопер МИЦ укрепляет позиции в старой Москве // «Ведомости» 24.10.14][http://www.kommersant.ru/doc/2699360 МИЦ займется Балашихой // «Коммерсантъ» 02.04.2015]
History
Founded in 1999 as a real estate company, "Moskovskiy Ipotechny Centr – MIC" moved into the investment and property development sector in 2001. This was when it became a co-investor in a number of Moscow housing projects.[http://www.1rre.ru/news/doc/51759/ Группа компаний МИЦ отметила 12 лет // 1rre.ru 10.11.2011]
In 2000, MIC Group had a turnover of 1.1 bn rubles, which increased to 1.6 bn rubles in 2007, 20 bn rubles in 2012, and 49 bn rubles in 2014. Its debt burden is 1.5–2 bn rubles.[http://www.vedomosti.ru/newspaper/article/793571/lyudi-pokupayut-kvartiry-potomu-chto-ustali-uhodit-v-dollary «Люди покупают квартиры, потому что устали уходить в доллары» // «Ведомости», 18.11.2014]
In 2013, RBC Rating named MIC as the second biggest property developer in Russia by construction volume.[http://rating.rbc.ru/article.shtml?2013/02/25/33892288 Крупнейшие строительные компании России по итогам 2012 года // «РБК Рейтинг»]
In 2017, MIC Group announced plans to invest 28 bn rubles in the construction of over 700,000 sq m of housing in "New Moscow".
In 2019, MIC was ranked 14th in the rating of the most reliable Russian developers according to Forbes.[https://www.forbes.ru/biznes-photogallery/386153-20-samyh-nadezhnyh-zastroyshchikov-strany-reyting-forbes 20 самых надежных застройщиков страны. Рейтинг Forbes // forbes.ru] He was also included in the rating of the 500 largest companies in Russia in terms of revenue, according to RBC.[https://www.rbc.ru/rbc500/ РБК представляет 500 крупнейших по выручке компаний России // РБК]
In July 2019, MIC became the first development company to completely switch to sales using escrow accounts.[https://realty.ria.ru/20190710/1556383923.html Девелопер МИЦ полностью перешел на эскроу-счета во всех проектах]
In 2020, LLC "GC" MIC "was included in the updated list of systemically important companies, approved by the government as part of measures to support the economy due to the coronavirus pandemic.{{Cite web|language=ru|url=https://www.glavbukh.ru/art/99708-spisok-sistemoobrazuyushchih-predpriyatiy-v-2020-godu|title=Новый перечень (список) системообразующих предприятий в 2020 году в России|date=2020-04-28|publisher=Журнал «Главбух» - практический журнал для бухгалтера.|accessdate=2020-05-10}}