RP-Sanjiv Goenka Group
{{short description|Indian multinational conglomerate}}
{{Redirect|RPSG Group|the erstwhile parent group|RPG Group}}
{{Distinguish|RPG Group}}
{{Use dmy dates|date=April 2020}}
{{Use Indian English|date=March 2019}}
{{Tone|date=January 2022}}
{{Infobox company
| name = RP-Sanjiv Goenka Group
| logo = RP-Sanjiv Goenka Group logo.svg
| logo_size = 300px
| image = Victoria House (14838948292).jpg
| image_caption = Victoria House, group's headquarters in Kolkata
| type = Private
| foundation = {{Start date and age|df=yes|2011|7|13}}
| founder = Sanjiv Goenka
| location = Kolkata, West Bengal, India
| area_served = India, Bangladesh
| key_people = Sanjiv Goenka (Chairman)
| industry = Conglomerate
| products = {{hlist|Electric utility|Retailing|IT Services|Media|Sports|Education}}
| revenue = {{profit}} {{INRConvert|26634|c}} (2021){{cite web|url=https://www.rpsg.in/investors|title=Investors}}
| operating_income = {{profit}} {{INRConvert|524|c}} (2020)
| assets = {{profit}} {{INRConvert|62615|c}} (2024)
| equity =
| num_employees = 44,500 (2020){{cite web|url=https://www.rpsg.in|title=About us}}
| subsid = CESC 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
Harrisons Malayalam
International Management Institute
International Management Institute
Durban's Super Giants
| homepage = {{URL|http://www.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.
History
Rama Prasad Goenka established RPG Enterprises in 1979 with Phillips Carbon Black, Asian Cables, Agarpara Jute, and Murphy India as the constituents.{{Cite web|title=About Us - 1979|url=https://www.rpsg.in/about-us#1979|archive-url=|archive-date=|access-date=|website=RP-Sanjiv Goenka Group}}
In 1981, the group acquired CEAT Tyres India.{{Cite web|title=CEAT: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of CEAT - NDTVProfit.com|url=https://www.ndtv.com/business/stock/ceat-ltd_ceatltd/reports|access-date=2020-11-22|website=www.ndtv.com}} KEC International was acquired in 1982.{{Cite web|title=About Us - Early 1980s|url=https://www.rpsg.in/about-us#E1980s|archive-url=|archive-date=|access-date=|website=RP-Sanjiv Goenka Group}} In 1986, it acquired the music company 'Gramophone Company of India Ltd', now known as Saregama.{{Cite web|title=About US - Mid 1980s|url=https://www.rpsg.in/about-us#M1980s|archive-url=|archive-date=|access-date=|website=RP-Sanjiv Goenka Group}} 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.{{Cite web|title=About Us - 1980s|url=https://www.rpsg.in/about-us#L1980s|archive-url=|archive-date=|access-date=|website=RP-Sanjiv Goenka Group}}
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.{{Cite web|date=|title=About Us - 1990s|url=https://www.rpsg.in/about-us#1990s|archive-url=|archive-date=|access-date=|website=RP-Sanjiv Goenka Group}} In 2009, the Group entered into media with the launch of Open Magazine, a weekly current affairs and features magazine.{{Cite web|title=Sanjiv Goenka's Bold Strokes Put RP-SG Group On Solid Ground|url=https://www.forbesindia.com/article/enter-prise-east/sanjiv-goenkas-bold-strokes-put-rpsg-group-on-solid-ground/47507/1|access-date=2020-11-22|website=Forbes India|language=en}}
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.{{Cite web|last=Layak|first=Suman|date=21 April 2019|title=How Sanjiv Goenka transformed RPSG group into a conglomerate with diverse revenue streams|url=https://economictimes.indiatimes.com/industry/cons-products/fmcg/how-sanjiv-goenka-transformed-rpsg-group-into-a-conglomerate-with-diverse-revenue-streams/articleshow/68969527.cms?from=desktop&_ga=2.29985983.1083822452.1604923013-1354650746.1584428870|archive-url=|archive-date=|access-date=|website=Economic Times}}
Businesses
= Power =
- CESC Limited: CESC Limited is engaged in the generation and distribution of electricity in Kolkata and Howrah, West Bengal.{{Cite web |title=CESC.NS - CESC Ltd Profile |url=https://www.reuters.com/markets/companies/CESC.NS |access-date=2020-11-22 |website=Reuters |language=en}}
- Haldia Energy Limited: A subsidiary of CESC, HEL operates two 300 MW coal based thermal power plants at Haldia in West Bengal.{{Cite news|last=Basak|first=Probal|date=2014-11-14|title=CESC to commission its 600 MW Haldia plant in December|work=Business Standard India|url=https://www.business-standard.com/article/companies/cesc-to-commission-its-600-mw-haldia-plant-in-december-114111301264_1.html|access-date=2020-11-21}}
- Dhariwal Infrastructure Limited: A subsidiary of CESC, DIL, operates two 300 MW coal based thermal power plants at Chandrapur in Maharashtra.{{Cite web|last=Moitra|first=Sumit|date=2014-07-31|title=CESC appoints BCG to decide on power sector push|url=https://www.dnaindia.com/business/report-cesc-appoints-bcg-to-decide-on-power-sector-push-2006672|access-date=2020-11-21|website=DNA India|language=en}}
- 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.{{Cite web|title=Noida Power Company Limited (NPCL) {{!}} Businesses|url=https://www.rpsg.in/business/npcl|access-date=2020-12-09|website=www.rpsg.in}}
- 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.{{Cite web|title=Integrated Coal Mining LTD Information - Integrated Coal Mining LTD Company Profile, Integrated Coal Mining LTD News on The Economic Times|url=https://economictimes.indiatimes.com/company/|access-date=2020-11-21|website=The Economic Times}}
- Crescent Power Limited: CPL operates a coal washery and a thermal plant near Asansol in West Bengal.{{Cite web|title=CESC switches on Crescent for Asansol plant|url=https://www.telegraphindia.com/business/cesc-switches-on-crescent-for-asansol-plant/cid/661771|access-date=2020-12-09|website=www.telegraphindia.com}}
- Surya Vidyut Limited: The renewable energy business of the Group consists of 156 MW of wind power and 27 MW of solar power.{{Cite web|title=Renewables Business {{!}} Businesses|url=https://www.rpsg.in/business/rb|access-date=2020-12-09|website=www.rpsg.in}}
= Information technology =
- Firstsource: Firstsource Solutions Limited is a provider business process management services. The company's segments include Banking, Financial Services and Insurance and Non-Banking, Financial Services and Insurance.{{Cite web |title=FISO.NS - Firstsource Solutions Ltd Profile |url=https://www.reuters.com/markets/companies/CESC.NS |access-date=2020-11-22 |website=Reuters |language=en}}
= Media and entertainment =
- Saregama India Ltd: It is India's oldest music label and sells a retro-styled digital music player called Carvaan{{Cite news|date=2017-06-14|title=How data is helping India's oldest music company Saregama revive its fortunes {{!}} FactorDaily|language=en-US|work=FactorDaily|url=https://factordaily.com/carvaan-saregama-data-music-radio/|access-date=2018-03-23}} Apart from music, Saregama also produces films under the brand name Yoodlee Films and multi-language Television content.{{Cite news|date=2017-11-21|title=SaReGaMa's production house Yoodlee Film's to release BrijMohan Amar Rahe on 1st December 2017|work=International Business Times|url=http://www.ibtimes.co.in/photos/saregamas-production-house-yoodlee-films-release-brijmohan-amar-rahe-1st-december-2017-14197-slide-77755|access-date=2018-03-23}}
- Open: Open, the weekly current affairs and features magazine, is the flagship brand of Open Media Network, the media venture of the group.
- Fortune India: The group tied up with Fortune Media Group to publish Fortune in India. Fortune, a business magazine, was earlier published in India by the ABP Group.{{Cite web|last=Jha|first=Lata|date=2020-07-03|title=RP-Sanjiv Goenka Group and Fortune Media Group to publish Fortune India|url=https://www.livemint.com/industry/media/rp-sanjiv-goenka-group-and-fortune-media-group-to-publish-fortune-india-11593757125760.html|access-date=2020-12-09|website=mint|language=en}}
- Editorji: Launched in 2018, Editorji is a digital news player, which delivers news across three formats of video, audio, and text. The Group has acquired a majority stake in the app, a move that marks its foray into the digital news media space.{{Cite web|last=Jha|first=Shuchi Bansal, Lata|date=2020-07-15|title=RP Sanjiv Goenka group acquires 51% stake in Editorji|url=https://www.livemint.com/industry/media/rp-sanjiv-goenka-group-acquires-51-stake-in-editorji-11594773029404.html|access-date=2020-12-09|website=mint|language=en}}
= Consumer and retail =
- Too Yumm! - Guiltfree Industries Ltd: The group began selling low-calorie food and snacks in 2017. Too Yumm! was its first low-calorie option. Virat Kohli represented Too Yumm! as the face of the brand.{{Cite web|title=Having established itself in the healthy snacking category, Too Yumm! to foray into kid's category soon|url=https://www.businessinsider.in/advertising/brands/article/having-established-itself-in-the-healthy-snacking-category-too-yumm-to-foray-into-kids-category-soon/articleshow/74172876.cms|access-date=2020-12-09|website=Business Insider}}
- Evita - Apricot Foods Limited: Apricot Foods Limited, under the brand name Evita, provides traditional and western snacks for the mass market. The Group picked up a controlling stake in the Gujarat-based packaged foods company in a bid to boost its eatables business{{Cite web|date=2017-07-31|title=RP-Sanjiv Goenka Group picks up controlling stake in Apricot Foods|url=https://www.vccircle.com/rp-sanjiv-goenka-group-picks-up-controlling-stake-in-apricot-foods|access-date=2020-12-09|website=VCCircle|language=en-US}}
- Spencer's Retail: Spencer's Retail is a multi-format retailer company, which is providing a wide range of products across categories such as food, personal care, fashion, home essentials, specialty, and electrical and electronics to its consumers.{{Cite web |title=SPEN.BO - Spencer's Retail Ltd Profile |url=https://www.reuters.com/markets/companies/SPEN.BO/ |access-date=2020-12-09 |website=Reuters |language=en}}
- Nature's Basket: Nature's Basket is an Indian grocery delivery chain of retail stores focused on gourmet food. The company is headquartered in Mumbai, India. It was acquired by Spencer's Retail Ltd, a part of RPSG Group in May 2019 from the Godrej Group in an all-cash deal.{{Cite web|title=Spencer's to buy Nature's Basket from Godrej for ₹300 cr in cash|url=https://www.thehindubusinessline.com/companies/spencers-retail-to-buy-natures-basket-for-300-crore/article27162401.ece|access-date=2020-12-09|website=@businessline|date=17 May 2019 |language=en}}
- 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. The acquisition marks the Group's foray into the ayurvedic medicines and products category.{{Cite web|title=CESC Ventures to pick up majority stake in Herbolab|url=https://www.thehindubusinessline.com/companies/cesc-ventures-to-pick-up-majority-stake-in-herbolab/article27461315.ece|access-date=2020-12-09|website=@businessline|date=4 June 2019 |language=en}}
= Education and infrastructure =
- Quest Mall: The group made a debut in the luxury retail space with Quest Mall in 2013.{{Cite web|last=Ishita Ayan Dutt & Avishek Rakshit|date=20 January 2019|title=RP-Sanjiv Goenka group eyes turnover of Rs 40,000 crore in the next 5 years|url=https://www.business-standard.com/article/companies/rp-sanjiv-goenka-group-eyes-turnover-of-rs-40-000-crore-in-the-next-5-years-119012000721_1.html|archive-url=|archive-date=|access-date=|website=Business Standard}}
- 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.{{Cite web|last=Paul|first=Aniek|date=2011-08-05|title=Sanjiv Goenka gets 80% stake in Kolkata hospital|url=https://www.livemint.com/Home-Page/9zbiumqFrpQlYPaf8tdRwI/Sanjiv-Goenka-gets-80-stake-in-Kolkata-hospital.html|access-date=2020-12-09|website=mint|language=en}}
= Sports =
- Mohun Bagan Super Giant: The Group's first sports asset was ATK - a football club based in Kolkata, which competed in the Indian Super League. It acquired a majority stake in Mohun Bagan Athletic Club Private Limited in 2020 and dissolved ATK. ATK Mohun Bagan plays in Indian Super League.{{Cite web|title=Mohun Bagan merge with Goenka's ATK|url=https://www.telegraphindia.com/sports/mohun-bagan-merge-with-sanjiv-goenkas-atk/cid/1736491|access-date=2020-12-09|website=www.telegraphindia.com}} From 2023-24 season, it is rebranded as Mohun Bagan Super Giant.{{Cite web |date=2023-03-18 |title=We are removing ATK, it will be Mohun Bagan Super Giants from next season: Sanjiv Goenka after ISL title win |url=https://indianexpress.com/article/sports/football/we-are-removing-atk-it-will-be-mohun-bagan-super-giants-from-next-season-sanjiv-goenka-after-isl-title-win-8505532/ |access-date=2023-03-18 |website=The Indian Express |language=en}}
- RPSG Mavericks Kolkata: RPSG Mavericks Kolkata is one of the six city-based teams in the Ultimate Table Tennis league, India's top league for table tennis.
- Lucknow Super Giants: An Indian Premier League franchise, which participated from the 2022 season. The chairman was involved in a verbal altercation with the captain.
- Durban's Super Giants: An SA20 franchise, which has competed since the inaugural season.
= Plantation =
- 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.{{Cite web|last=Datta|first=Aveek|date=2011-12-27|title=Goenkas split rest of RPG group|url=https://www.livemint.com/Home-Page/RnCjsjVissRim3biOq0vXK/Goenkas-split-rest-of-RPG-group.html|access-date=2020-11-22|website=mint|language=en}}
References
{{Reflist}}
External links
- {{official website|https://www.rpsg.in/}}
{{DEFAULTSORT:RPSG Group}}
Category:Electric power companies of India
Category:Companies based in Kolkata
Category:Conglomerate companies of India
Category:Multinational companies headquartered in India
Category:Indian companies established in 2011
Category:Manufacturing companies established in 2011