He was born in 1961 in the city Serpuhov, Moscow region. He graduated from the Moscow Civil Engineering Institute named after V.V.Kuibyshev majoring in "Engineering". After graduation he worked for seven years at the Moscow Construction Board # 204 in various positions - from the handyman to the chief engineer, then he was appointed head of the Construction Management № 155, Moscow.
From 1993 to 2000 - General Director of ZAO “SU-155”. Mikhail Balakin privatized the company and began buying up loss-making factories, working in the construction industry. By the end of the 1990, SU-155 had become the company of full-cycle, self-generating most of the material for its own needs. In 2001, Balakin passed the business administration to hired managers and moved to the Moscow mayor's office as chief of the operational and regulatory directory of city programs implementation. He was responsible for the construction of municipal facilities and renovation of dilapidated housing stock. Under his leadership, House of Music on the Red Hills was erected, as well as new stage of the Bolshoy Theater, an artificial ski slope in Novoperedelkino, the library MSU.
In 2005, Balakin resigned, citing the unsatisfactory state of affairs in the SU-155. The media assumed that the businessman had left City Hall as a result of the conflict with the head of the company Inteko, Elena Baturina, wife of the Moscow Mayor Yuri Luzhkov. Balakin himself denied this information. Leaving the work of the official, Balakin returned to his construction business; he was appointed Chairman of the Board of Directors of “SU-155". Mikhail Balakin - the main shareholder and Chairman of the Board of Directors of ZAO “SU-155 ". The structure of the SU-155 consists of quarry rubble, Zhiguli and Ulyanovsk cement factories, factory of wooden window blocks with Fiberglass, plant of tower cranes and construction cranes, private railway company and others. In total - 18 companies of the industrial unit. This company is already carrying out a full cycle of construction. Mikhail
Balakin - Winner of the "Person of the Year 2004" for his contribution to the construction industry. He enjoys skiing, collecting vintage wines. According to the magazine "Finance", in 2009, Mikhail Balakin had a fortune of 60 million dollars, and held the 67th place in the rating of Russian billionaires. Balakin is married and has one daughter.
According to some reports, Mikhail Balakin is son-in-law of the first deputy mayor of Moscow in the Moscow government, the head of the complex urban policy and the construction of the city of Moscow - Vladimir Resin.
Source: "Kommersant» № 199 (4016) on 31.10.2008, www. rb.ru, www. peoples.ru
The first conflict around Mikhail Balakin occurred in February 2003, and then at the meeting of Moscow Mayor Yuri Luzhkov Balakin was accused of incompetence. According to Luzhkov, the building structures of Mikhail Balakin had major complaints of Muscovites. The share of the SU-155, which actual owner was Mikhail Balakin, accounted for about 15 percent of all housing built in the capital. Chief curator of the holding was considered a first deputy Mayor of Moscow Vladimir Resin, at his suggestion Ostrovityanova street in Moscow was turned into an experimental platform for a launch of new series of housing I-155 developed by Domodedovo building combine № 1. During the presentation of the first building Committee headed by Resin happened to be stuck in the elevator for a long time. This story and a lot of complaints on the quality of housing issued by Mikhail Balakin became an occasion for public assusation of Balakin of incompetence.
Sources: www.regions.ru, 24.03.2003, www.vslux.ru on 16/05/2003
In 2003, Main Directorate for Combating Economic Crimes of CMS of MIA seized documents in the "First Mortgage Company" and "Zhilstroyindustriya" in Moscow to investigate the activity of deputy head of the building complex of Moscow, Vladimir Resin and Mikhail Balakin, the then head of department of control and coordination of urban development programs of the Government of Moscow. The structures of the MIA asked for the documentation of those companies, since they traditionally serve as investors of construction projects of "SU-155" by Mikhail Balakin. According to some sources, the reason of law enforcement agencies’ interest in Balakin was that Mikhail Balakin had run afoul of the wife of Moscow Mayor Yuri Luzhkov, Elena Baturina, when trying to win a contract on the building Khodynsky field for the SU-155. The wife of Yuri Luzhkov is successfully developing her business; she also had designs on the development of a large city contract. Mikhail Balakin had run afoul of Elena Baturina repeatedly, since she owned a number of companies - direct competitors of the SU-155. They said that holding of Balakin was unlikely to last long on the capital construction market without a tight tutelage of Vladimir Resin.
Source: www.regnum.ru from 03.11.2003
In May 2009, the Department of Economic Security and Investigation Committee of the Ministry of Internal Affairs raided the Moscow office of the company SU-155 by Mikhail Balakin on the criminal case on illegal business activities and tax evasion. The criminal case was instituted on April 29 against the CEO of LLC “Mash Techno Center", Rashid Sibagatulin. According to investigators, in the period of 2003-2004 Sibagatulin, together with unidentified persons from the staff of organizations participating in the SU-155, was performing works under contracts with the group. In fact, OOO performed no work, but the company still had money being transferred, which overall gave illegal income of more than 1.34 billion rubles. The criminal case was taken under special control the deputy interior Minister, head of the Investigation Committee, Alexey Anichin for Mayor of Moscow - Yuri Luzhkov.
Source: www.rospres.com from 24.07.2009
In 2009, Mikhail Balakin was tried to blame in the fact that he is not fulfilling obligations to his partners. Rostov metal trader – the company “Inprom "- filed a lawsuit in the Court of Arbitration of the bankruptcy to the company" Mashstroyindustriya ", which 70% of the shares wasbowned by OOO "Larem”, a company of Mikhail Balakin. "Mashstroyindustriya" ceased to pay off to the supplier since July 2008; they failed to resolve the issue out of court, so Inprom "appealed to the court”. On February 19, 2009 arbitration of the Nizhny Novgorod region granted the petition of the Nizhny Novgorod branch of "Inprom" for the recovery of 15,984,000 rubles of debt from "Mashstroyindustrii" on steel supplies, the decision came into force.
Source: Vedomosti № 161 (2431) on 28.08.2009
The name of Mikhail Balakin appeared in the publications of the media in 2010, in connection with violations at the construction market of Nizhniy Novgorod region. It was about the program of resettlement of slum housing, "Nizhegorodkapstroy" won the tender for the construction; it was created with the participation of "SS-155" in 2005. Mikhail Balakin is a longtime associate of the governor of the Nizhny Novgorod region, Valery Shantsev under the work in the municipality of Moscow. When the program follow up was checked, the board of the Accounting Chamber of Russia made a number of claims on leadership of Nizhny Novgorod Region on the use of money of the Fund of assistance to reforming housing and communal services, violation of terms of delivery of housing, and refusal of the regional authorities to recover from the builders of a penalty under the contracts. the vice-governor of Nizhny Novgorod Region, the former Director General of the SU-155 Valeria Anglichaninov was accused of corruptness and - just after his arrival in the region “SU-155" - created by Nizhegorodkapstroy " - has become a leading construction company in the region and the company of Mikhail Balakin regularly won tenders in all urban tenders . On the latter fact, the Chamber made a presentation to Valery Shantsev, while Chamber Prosecutor General's Office is verifying the results.
Source: Nezavisimaya Gazeta № 040 from 02.03.2010