Novard Group of Companies was founded in 1989 with a small room in the University which foreign students studied Russian. Having earned start-up capital, small business organizers made the first purchase of shoes in 1990. That’s how the company Ekonika appeared.
The Ruteсtor company was organized in 1994, in 1997 — City 21, and the Novard-Estate company was opened in 2006.
Achievements of the Group of Companies were repeatedly noted with honorary awards and thanks, and the holding's leaders receive annually recognition in the rating of Top-1000 Russian managers.