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RP-Sanjiv Goenka Group

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]

Key Information

History

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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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Power

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  • 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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  • 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.[18]

Media and entertainment

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  • 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 multi-language Television content.[20]
  • Open: Open, the weekly current affairs and features magazine, is 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 Fortune in India. Fortune, a business magazine, was earlier published in India by the ABP Group.[21]
  • 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.[22]

Consumer and retail

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  • 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.[23]
  • 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[24]
  • 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.[25]
  • 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.[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. The acquisition marks the Group's foray into the ayurvedic medicines and products category.[27]

Education and infrastructure

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  • Quest Mall: The group made a debut in the luxury retail space with Quest Mall 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

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Plantation

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  • 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

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