The company was formed on a base of scientific department of Science Research Institute of Electromechanics (Istra branch). This Institute had functions of head organization on research and development of contact materials at the Ministry of electrotechnical industry USSR. In 1991 was formed first company named «Blagovest». The main target of that company was research and manufacture of new materials for electromechanical industry and device making.
In 2004 was formed «Blagovest-Isrta» JSC which specialization is research and manufacture of silver based contact materials and electrical contacts for low voltage switching equipment.
Now the company has leading position on markets of Russia, Ukraine and Belarus by supplying products to big manufacturers of different kind of low voltage switching equipment.