ALROSA Ranks in Top 10 for State Company Loyalty Towards Small and Medium Enterprises
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ALROSA, the world's largest diamond mining company, has been shining a light on small and medium-sized enterprises (SMEs) in Russia, making it one of the top 10 state companies in loyalty to these businesses. The annual ranking, compiled by AO "Corporation MSP", considers factors such as the total volume of purchases from SMEs, the share of SMEs in the number of suppliers, and the year-on-year growth in purchases.
At the 2024 Russian Forum on Small and Medium-Sized Entrepreneurship, ALROSA took home the title as one of the winners in the ranking of state companies buying from SMEs. AO "Corporation MSP" lauded ALROSA's achievements, especially in expanding sales markets and forging partnerships with SMEs.
Supporting SMEs is a top priority for ALROSA: in 2024, they launched a program aimed at developing SMEs and creating innovative solutions to boost production efficiency. Over the years, ALROSA's support measures have increased the share of SMEs among their suppliers by 10%.
AO "Corporation MSP" reported that due to state customers' support measures, around 38,000 enterprises moved up a category (from micro to small, from small to medium) in the past year—a 30% increase compared to the previous period. In 2024, large customers purchased over 5.6 trillion rubles from SMEs, representing nearly 60% of all purchases. Today, many customers surpass the mandatory 25% quota for SME purchases, actively integrating them into their supply chains.
Digital partnership and development have also been a significant part of ALROSA's strategy for SME growth. In 2024, ALROSA agreed to develop digital partnerships with software developers and possibly SMEs involved in digital services. This partnership aims to digitalize and streamline business processes, helping SMEs improve efficiency and better meet the needs of large enterprises like ALROSA[5].
By partnering with SMEs in their supply chains, ALROSA helps smaller companies gain access to large-scale projects and contracts, which in turn contributes to broader economic resilience in Russia, particularly under sanctions. Strengthening SMEs helps diversify and stabilize industrial ecosystems around major companies like ALROSA[2].
While exact quantitative data on SME growth metrics associated with ALROSA's support is not readily accessible, the company's initiatives in digital partnership and IT development suggest a strategy focused on SME inclusion and development in the Russian corporate landscape[5][2].
- ALROSA's commitment to small-business growth is evident in their digital partnership and development initiatives, aimed at streamlining business processes and improving efficiency of SMEs, thereby facilitating their integration into larger business networks.
- As a leading corporate entity in Russia, ALROSA's support for small-businesses extends beyond finance, with efforts focused on developing SMEs and forging partnerships, thus contributing significantly to the economic resilience and industrial diversification of the country.
