The present stage of Russian economy’s development is characterized by increase of integration processes intensity and a growing role of corporate associations of holding type in the Russian industry. Industrial holdings now take leading items in oil-and-gas, metallurgical, defensiveindustrial, chemical complexes of country, introduce a substantial contribution to formation of a profitable part of all levels budgets. Therefore economic growth and a standard of well-being of the population of country depends on efficiency of their activity in many respects. The questions of effectiveness estimation of industrial holding’s activity are considered in the article. The offered algorithm of effectiveness estimation of industrial holding’s activity is based on using of multifactorial model of estimation productivity of its branches activity, and the parameters describing the importance of these branches as elements of complex economic system.