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, :ru:Эмпилс|Empils and Buhler Industries. The annual turnover is more than 1 billion dollars. The main shareholders of Novoe Sodruzhestvo are its three founders and managing directors: Babkin, Dmitry Udras and Yuri Ryazanov. In conjunction with Dmitry Udras and Yuri Ryazanov withdrew :ru:Эмпилс|Empils and Rostselmash plants from the crisis of 1990-s. In November 2004, Babkin was elected the president of Rosspetsmash association, renamed in 2017 in Rosspetsmash. He is the member of the Bureau of the Central Council of Russian Engineering Union. On 8 October 2006, he was elected the deputy of Novgorod Regional Duma of the fourth convocation in the Free Russia party list, which he headed. He is a member of deputy group Veche, and a member of the budget, finance and economy committee. On 3 September 2010, Babkin initiated the creation of the organizing committee of all-Russian political party Party of Action. On 14 October 2010, at the constituent congress, he was elected the chairman of the Federal Political Party Council. chairman of the board of the Chamber of Commerce and Industry of the Russian Federation on Industrial Development and Competitiveness of the Russian Economy. One of the organizers and a co-chairman of the Moscow Economic Forum.
Monograph
Author of the book Sound Industrial Policy, or How can we manage to overcome the crisis? /"Razumnaya promyshlennaya politika, ili Kak nam vyyti iz krizisa"/, which has survived several editions and was translated into English.
Articles
Babkin K. A. In the interests of modernization of agricultural production // Agricultural Economics of Russia. – 2007. – No. 6. – P. 26—27.
Babkin K. A., etc. V. V. Putin has held a meeting in Rostov-on-Don with the administration of Rostselmash. The shorthand report of the beginning of the meeting. On July, 6th 2009.
Personal life
Married. With five children: three sons and two daughters
