Sergei Mal'tsov

Sergey received both a home education and studied at school. He has learned three foreign languages. He served in Chevalier Guard Regiment, but resigned in 1833 for health reasons. A year and a half later, he re-enlists in the army and finally retires at the age of 39 with the rank of Major General.^[2]

His father, Ivan Akimovich Mal’tsov expanded the family business, previously based on glass and linen production by developing the metallurgy industry in Lyudinovo, Kaluga Oblast. In 1853 his father died.^[2] From this basis Sergei developed the Mal’tsov industrial region an area which covered about 215,000 hectares mostly along the Bolva River. He turned the industrial region into a major centre of machine building. It was here that the first rails, locomotives, steamships, and screw propellers were made in Russia. By 1875, Mal’tsov was able to found a corporation which included over 30 enterprises with a combined capital of 6 million rubles.^[3]