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RP-Sanjiv Goenka Group

From Wikipedia, the free encyclopedia
(Redirected from RPSG Group)

RP-Sanjiv Goenka Group
TypePrivate
IndustryConglomerate
Founded13 July 2011; 15 years ago (2011-07-13)
FounderSanjiv Goenka
HeadquartersKolkata, West Bengal, India
Area served
India, Bangladesh
Key peopleSanjiv Goenka (Chairman)
Products
RevenueIncrease ₹26,634 crore (US$2.8 billion) (2021)[1]
Increase ₹524 crore (US$54 million) (2020)[1]
Total assetsIncrease ₹62,615 crore (US$6.5 billion) (2024)[1]
Number of employees
44,500 (2020)[2]
SubsidiariesCESC Limited
Phillips Carbon Black Limited
Mohun Bagan Super Giant (80%)
Lucknow Super Giants
Open (Indian magazine)
Spencer's Retail
Nature's Basket
Firstsource Solutions Limited
Saregama
Quest Mall
International Management Institute
International Management Institute
Durban's Super Giants
Manchester Super Giants (70%)
Websitewww.rpsg.in

RP-Sanjiv Goenka Group (also known as RPSG Group) is an Indian multinational conglomerate headquartered in Kolkata. The founding was the result of a divestiture by RPG Enterprises in 2011. The Group's businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, infrastructure and education.[3]

History

[edit]

Rama Prasad Goenka established RPG Enterprises in 1979 with Phillips Carbon Black, Asian Cables, Agarpara Jute, and Murphy India as the constituents.[4]

In 1981, the group acquired CEAT Tyres India.[5] KEC International was acquired in 1982.[6] In 1986, it acquired the music company 'Gramophone Company of India Ltd', now known as Saregama.[7] Harrisons Malayalam, the tea and rubber plantations was acquired in 1988. In the following year, Calcutta Electric Supply Corporation (CESC Limited), Raychem Technologies, and Spencer's were acquired.[8]

In 1993, Noida Power Company Limited (NPCL) was formed as a JV between the group and Greater Noida Industrial Development Authority, to distribute power in the Greater Noida region.[9] In 2009, the Group entered into media with the launch of Open Magazine, a weekly current affairs and features magazine.[10]

In 2010, the Group's businesses were divided between Rama Prasad Goenka's sons, Harsh Goenka and Sanjiv Goenka. RP-Sanjiv Goenka Group was founded on 13 July 2011, with Sanjiv Goenka as its chairman.[3]

Businesses

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Manufacturer

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  • PCBL Chemical Ltd: It is India's largest carbon black manufacturer and a top global player, established in 1960. It produces rubber black and specialty blacks for tires, plastics, and paints..

Power

[edit]
  • CESC Limited: CESC Limited is engaged in the generation and distribution of electricity in Kolkata and Howrah, West Bengal.[11]
  • Haldia Energy Limited: A subsidiary of CESC, HEL operates two 300 MW coal based thermal power plants at Haldia in West Bengal.[12]
  • Dhariwal Infrastructure Limited: A subsidiary of CESC, DIL, operates two 300 MW coal based thermal power plants at Chandrapur in Maharashtra.[13]
  • Noida Power Company Limited: NPCL is a joint venture between RPSG Group and Greater Noida Industrial Development Authority that distribute power in the Greater Noida region.[14]
  • Integrated Coal Mining Ltd: ICML was formed by CESC to mine coal from the Sarisatolli coal block in Ranigunj, West Bengal, for captive supply of coal to its companies.[15]
  • Crescent Power Limited: CPL operates a coal washery and a thermal plant near Asansol in West Bengal.[16]
  • Surya Vidyut Limited: The renewable energy business of the Group consists of 156 MW of wind power and 27 MW of solar power.[17]

Information technology

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Media and entertainment

[edit]
  • Saregama India Ltd: It is India's oldest music label and sells a retro-styled digital music player called Carvaan[19] Apart from music, Saregama also produces films under the brand name Yoodlee Films and television content.[20]
  • Open: Open is a weekly current affairs and features magazine and the flagship brand of Open Media Network, the media venture of the group.[10]
  • Fortune India: The group tied up with Fortune Media Group to publish the business magazine Fortune in India, which was earlier published by the ABP Group.[21]
  • Editorji: Launched in 2018, Editorji is a digital news player.[22]

Consumer and retail

[edit]
  • Too Yumm! - Guiltfree Industries Ltd: It began selling low-calorie food and snacks in 2017.[23]
  • Evita - Apricot Foods Limited: Apricot Foods Limited, under the brand name Evita, provides traditional and western snacks and acquired by the RPSG Group in 2017.[24]
  • Spencer's Retail: Spencer's Retail is a multi-format retailer company.[25]
  • Nature's Basket: Nature's Basket is an Indian grocery retail store chain focused on gourmet food. It was acquired by Spencer's Retail Ltd in May 2019 from the Godrej Group.[26]
  • Dr. Vaidya's - Herbolab India Pvt Ltd: CESC Ventures, a part of RPSG Group, acquired a majority stake in Herbolab India Pvt Ltd, makers of ayurvedic medicines and products under the ‘Dr Vaidya's’ brand.[27]

Education and infrastructure

[edit]
  • Quest Mall: Quest Mall was opened in 2013.[28]
  • Woodlands Hospital: The group has at least 80% equity stake in Woodlands Medical Centre through a court-approved restructuring of debt and equity of the firm that runs it.[29]

Sports

[edit]
  • Mohun Bagan Super Giant: The Group’s first sports asset was ATK, a Kolkata-based football club that competed in the Indian Super League. In 2020, the Group acquired a majority stake in Mohun Bagan Athletic Club Private Limited and dissolved ATK. ATK Mohun Bagan continued in the Indian Super League.[30] From the 2023–24 season, it was rebranded as Mohun Bagan Super Giant.[31]

Defunct Teams

  • RPSG Mavericks Kolkata: Now defunct, RPSG Mavericks Kolkata was one of the six city-based teams in the Ultimate Table Tennis league, India’s premier professional table-tennis competition.[10]
  • Rising Pune Supergiant: Rising Pune Supergiant, is a defunct IPL team which played temporarily in the league, over a period of two years.

Plantation

[edit]
  • Harrisons Malayalam Limited: HML is a plantation company producing tea and rubber besides crops like pineapple, cardamom, pepper and other spices. It has 6 tea estates, 5 tea factories, 5 rubber estates and 3 rubber factories. When the group's businesses were divided between the two brothers, the assets of Harrisons Malayalam was "vertically split" and put under two separate management teams.[33]

References

[edit]
  1. 1 2 3 "Investors".
  2. ↑ "About us".
  3. 1 2 Layak, Suman (21 April 2019). "How Sanjiv Goenka transformed RPSG group into a conglomerate with diverse revenue streams". Economic Times.
  4. ↑ "About Us - 1979". RP-Sanjiv Goenka Group.
  5. ↑ "CEAT: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of CEAT - NDTVProfit.com". www.ndtv.com. Retrieved 22 November 2020.
  6. ↑ "About Us - Early 1980s". RP-Sanjiv Goenka Group.
  7. ↑ "About US - Mid 1980s". RP-Sanjiv Goenka Group.
  8. ↑ "About Us - 1980s". RP-Sanjiv Goenka Group.
  9. ↑ "About Us - 1990s". RP-Sanjiv Goenka Group.
  10. 1 2 3 "Sanjiv Goenka's Bold Strokes Put RP-SG Group On Solid Ground". Forbes India. Retrieved 22 November 2020.
  11. ↑ "CESC.NS - CESC Ltd Profile". Reuters. Retrieved 22 November 2020.
  12. ↑ Basak, Probal (14 November 2014). "CESC to commission its 600 MW Haldia plant in December". Business Standard India. Retrieved 21 November 2020.
  13. ↑ Moitra, Sumit (31 July 2014). "CESC appoints BCG to decide on power sector push". DNA India. Retrieved 21 November 2020.
  14. ↑ "Noida Power Company Limited (NPCL) | Businesses". www.rpsg.in. Retrieved 9 December 2020.
  15. ↑ "Integrated Coal Mining LTD Information - Integrated Coal Mining LTD Company Profile, Integrated Coal Mining LTD News on The Economic Times". The Economic Times. Retrieved 21 November 2020.
  16. ↑ "CESC switches on Crescent for Asansol plant". www.telegraphindia.com. Retrieved 9 December 2020.
  17. ↑ "Renewables Business | Businesses". www.rpsg.in. Retrieved 9 December 2020.
  18. ↑ "FISO.NS - Firstsource Solutions Ltd Profile". Reuters. Retrieved 22 November 2020.
  19. ↑ "How data is helping India's oldest music company Saregama revive its fortunes | FactorDaily". FactorDaily. 14 June 2017. Archived from the original on 29 May 2023. Retrieved 23 March 2018.
  20. ↑ "SaReGaMa's production house Yoodlee Film's to release BrijMohan Amar Rahe on 1st December 2017". International Business Times. 21 November 2017. Retrieved 23 March 2018.
  21. ↑ Jha, Lata (3 July 2020). "RP-Sanjiv Goenka Group and Fortune Media Group to publish Fortune India". mint. Retrieved 9 December 2020.
  22. ↑ Jha, Shuchi Bansal, Lata (15 July 2020). "RP Sanjiv Goenka group acquires 51% stake in Editorji". mint. Retrieved 9 December 2020.{{cite web}}: CS1 maint: multiple names: authors list (link)
  23. ↑ "Having established itself in the healthy snacking category, Too Yumm! to foray into kid's category soon". Business Insider. Retrieved 9 December 2020.
  24. ↑ "RP-Sanjiv Goenka Group picks up controlling stake in Apricot Foods". VCCircle. 31 July 2017. Retrieved 9 December 2020.
  25. ↑ "SPEN.BO - Spencer's Retail Ltd Profile". Reuters. Retrieved 9 December 2020.
  26. ↑ "Spencer's to buy Nature's Basket from Godrej for ₹300 cr in cash". @businessline. 17 May 2019. Retrieved 9 December 2020.
  27. ↑ "CESC Ventures to pick up majority stake in Herbolab". @businessline. 4 June 2019. Retrieved 9 December 2020.
  28. ↑ Ishita Ayan Dutt & Avishek Rakshit (20 January 2019). "RP-Sanjiv Goenka group eyes turnover of Rs 40,000 crore in the next 5 years". Business Standard.
  29. ↑ Paul, Aniek (5 August 2011). "Sanjiv Goenka gets 80% stake in Kolkata hospital". mint. Retrieved 9 December 2020.
  30. ↑ "Mohun Bagan merge with Goenka's ATK". www.telegraphindia.com. Retrieved 9 December 2020.
  31. ↑ "We are removing ATK, it will be Mohun Bagan Super Giants from next season: Sanjiv Goenka". The Indian Express. 18 March 2023. Retrieved 18 March 2023.
  32. ↑ "Sanjiv Goenka's RPSG Group win race for Manchester Originals stake". ESPNcricinfo. Archived from the original on 9 May 2025. Retrieved 5 June 2025.
  33. ↑ Datta, Aveek (27 December 2011). "Goenkas split rest of RPG group". mint. Retrieved 22 November 2020.
[edit]
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