In November 2012, it was announced that TMH had increased its net profit by 9 percent to 2.69 billion rubles.
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CJSC Transmashholding (TMH), a holding company owned partially by Mr. Makhmudov, is Russia's largest producer of rolling stock for railways and subways.
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In November 2012, Anatomy Ledovskikh, the former head of Russian’s Federal Agency for Subsoil Use, was elected Chairman of the Board at Transmashholding, one of the companies owned by Iskander Makhmudov.