 585 established RZD as a joint stock company, making it a holding in charge of 63 subsidiaries, including TransContainer, RailTranAuto, Rail Passenger Directorate, Russian Troika, TransGroup, and Refservis.RZD acquired 987 companies (95% in asset value) out of the 2046 that had formed the MR system.Gennady Fadeyev, the Railways Minister, became the company's first president.