The Group's parent company is VR-Group Plc. In addition to the parent company, the Group comprises a total of 14 companies, of which 13 are 100% owned by the Group. In addition there are three associated companies and four joint arrangements consolidated into VR Group.
The company was established in 1995 to continue the operations of the former Valtionrautatiet, and the state assets that were under the control of Valtionrautatiet were transferred to the company by law. The direct ownership and management of the railway network remained with the state. These duties are carried out by the Finnish Transport Infrastructure Agency, which is under the Ministry of Transport and Communications.