In 1897, the Mytishchi Machine Engineering Plant was founded near the village of Bolshie Mytishchi in the Moscow province. It was established by the famous entrepreneur Savva Mamontov, nobleman Konstantin Artsybushev, and engineer from the USA Alexander Bari, who was temporarily a merchant of the 1st guild in Moscow. In December 1895, they presented the project of the 'Moscow Joint-Stock Company of Carriage Building Plant' to the Ministry of Finance of Russia.

The plant, equipped with the most modern equipment of that time, was intended for the construction of railway rolling stock and the production of spare parts. In the first three years of operation, up to 40 freight cars and up to 136 tons of spare parts were produced monthly. The plant's products were used on the Northern Railway of Russia. In 1903, the production of tram cars and snowplows for Moscow began. Since 1900, the plant produced refrigerated boxcars, baggage cars, and from 1901, passenger cars.

The plant included foundries for cast iron and copper, a model workshop, forges, a spring department, a drilling shop, a sheet metal shop, woodworking and carpentry workshops, as well as other buildings.

Even before the start of World War I, the plant received orders from the military department and began producing field cars and platforms for transporting military equipment. During the war, the volume of orders for military products significantly increased. By 1917, about two thousand people were employed at the plant.

The activities of the Carriage Building Plant in the early 20th century significantly influenced the economic, social, and demographic situation in the Mytishchi area.

Today, the plant continues its work in new buildings, however, the old workshops from the late 19th century were completely demolished in 2018. Only the water tower of the former locomotive depot remains from the previous structures, which can be seen from the modern platforms of the Mytishchi station.