A ndrei Molchanov is a Russian businessman and former politician who is the founder and controlling shareholder of LSR Group, one of Russia's largest real estate development and building materials companies. He founded the company in St. Petersburg in 1993, initially focusing on smaller construction projects before expanding into a major vertically integrated holding.
LSR Group has become a dominant player in the residential real estate markets of St. Petersburg and Moscow. The company also has a strong presence in the production of building materials, such as cement, concrete, and bricks, which provides a key competitive advantage through vertical integration. Molchanov also had a significant political career, serving as a senator in the Federation Council, the upper house of the Russian parliament, for several years. He stepped down from his political role to focus on his business. His stepfather served as a vice-governor of St. Petersburg, connections that were seen as beneficial during the company's early growth.
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