Sergei Kolesnikov (businessman)
Sergei Anatolievich Kolesnikov | |
|---|---|
| Born | February 25, 1972 Ulyanovsk, Russia |
| Occupation(s) | Entrepreneur, businessman |
| Years active | 1992–present |
| Known for | Co-founder of Technonicol |
Sergei Anatolievich Kolesnikov (; born February 25, 1972) is a Russian billionaire entrepreneur and co-founder of the Technonicol corporation alongside Igor Rybakov.
Biography
Kolesnikov was born in Ulyanovsk and completed his education at the Moscow Institute of Physics and Technology in 1995. Since 2013, he has participated in Delovaya Rossiya with a focus on antitrust policies. In 2021, he officially confirmed his citizenship status in Malta.
Technonicol
Together with Igor Rybakov, Kolesnikov established Technonicol in 1992, initially concentrating on roofing repairs. By 1995, they secured a majority share in the Vyborg Roofing Material Plant. The firm expanded its international footprint by acquiring Lithuania’s Mida LT facility in 2001, followed by Italy’s Italiana Membrana in 2013, and subsequently Imper Italia and Eurodu plants in 2014.
By 2018, Technonicol operated 52 manufacturing locations spread across seven countries and distributed products to markets in 95 nations globally. As of 2024, the company owns 70 production plants across eight countries and added a plastic waste recycling facility in Tver, acquired from EcoPartners Group.
With headquarters located in Moscow, Technonicol specializes in producing roofing and insulation materials, exhibiting steady revenue increases over the years:
| Year | Revenue (billion $) |
|---|---|
| 2016 |  70
|
| 2017 | 79.2
|
| 2018 | 94
|
| 2019 | 103.7
|
| 2020 | 112.9
|
| 2021 | 179
|
| 2022 | 179 |
| 2023 | 211
|
| 2024 | 256
|
Other business interests
In 2014, Inflation Management Corporation, which is beneficially owned by Sergei Kolesnikov, acquired a quarter stake (25%) in the Canadian enterprise Silver Bear.
Wealth
By June 2025, Kolesnikov’s estimated net worth reached $2.4 billion. He was positioned at number 92 on Forbes’ "125 Billionaires of Russia" ranking for the year 2024.
Sanctions
Kolesnikov has been subject to Ukrainian sanctions since 2022 due to his substantial financial connections to Russia. In 2023, Poland also imposed sanctions on him and Polish subsidiaries of Technonicol for indirectly supporting activities that threaten Ukraine’s sovereignty.
Personal life
Married with four children, Kolesnikov pursues interests such as hiking, rafting, and biathlon. He supports biathlon education by funding schools and constructing two biathlon stadiums. Additionally, he financed the development of an ecopark near Ryazan covering more than 500,000 square meters, which includes a hotel complex and a biathlon track.
Publications
In 2019, Kolesnikov co-wrote A Trip to Europe, or New Horizons with Igor Altshuler, chronicling Technonicol’s ventures into European markets.