in 1992, babkin became the co-founder of the joint-stock company industrial association commonwealth. since 2005 he has been the president of the cjsc production association novoe sodruzhestvo. the company includes 20 enterprises located in rostov region, moscow, kazakhstan, ukraine, canada and the united states. key assets of the holding are rostselmash, and buhler industries (farm king, versatile). the annual turnover is more than 1 billion dollars.