RPSG Group

The RP-Sanjiv Goenka Group, commonly known as RPSG Group, is an Indian industrial and services conglomerate headquartered in Kolkata, West Bengal. It was founded by Sanjiv Goenka, the younger son of Rama Prasad Goenka, on 13 July 2011.

Not to be confused with RPG Group.

RP-Sanjiv Goenka Group
TypePrivate
IndustryConglomerate
FoundedKolkata, India
13 July 2011 (2011-07-13)
FounderSanjiv Goenka
HeadquartersKolkata, West Bengal, India
Area served
Worldwide
Key people
Sanjiv Goenka (Chairman)
Products
Revenue ₹26,900 crore (US$3.8 billion) (2020)[1]
₹5,242 crore (US$730 million) (2020)[1]
Total assets ₹47,405 crore (US$6.6 billion) (2020)[1]
Number of employees
44,500+ (2020)[2]
SubsidiariesCESC Limited
Phillips Carbon Black Limited
ATK Mohun Bagan Football Club
Open (Indian magazine)
Spencer's Retail
Nature's Basket
Firstsource
Saregama
Quest Mall
Harrisons Malayalam
International Management Institute
Websitewww.rpsg.in

With a US$6 billion asset base and US$4 billion revenue, the Group's businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, infrastructure and education.[3]

History and Acquisitions

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 13th July 2011, with Sanjiv Goenka as its Chairman.[3]

Businesses and Brands
Victoria House, the headquarters of CESC

Power
  • 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]

IT-Enabled Services
  • 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
  • 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
  • Too Yumm! - Guiltfree Industries Ltd: The Group ventured into the food and snacking category in 2017 with the launch of its low calorie snacks brand Too Yumm! Virat Kohli was roped in 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
  • 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
  • ATK Mohun Bagan: The Group's first sports asset was ATK - a football club based in Kolkata, which competes in the Indian Super League. It acquired a majority stake in Mohun Bagan Football Club (India) Private Limited in 2020 and the new entity, ATK Mohun Bagan came into existence on 1st June 2020. ATK Mohun Bagan will play in ISL and other important competitions of the All India Football Federation, according to a media statement released jointly by ATK and Mohun Bagan.[30]
  • 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.[10]

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.[31]

References
  1. "Investors".
  2. "About us".
  3. 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. "Sanjiv Goenka's Bold Strokes Put RP-SG Group On Solid Ground". Forbes India. Retrieved 22 November 2020.
  11. Editorial, Reuters. "CESC.NS - CESC Ltd Profile | Reuters". www.reuters.comundefined. 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. Editorial, Reuters. "FISO.NS - Firstsource Solutions Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 22 November 2020.
  19. "How data is helping India's oldest music company Saregama revive its fortunes | FactorDaily". FactorDaily. 14 June 2017. 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.
  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. Editorial, Reuters. "SPEN.BO - Spencer's Retail Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 9 December 2020.
  26. Bureau, Our. "Spencer's to buy Nature's Basket from Godrej for ₹300 cr in cash". @businessline. Retrieved 9 December 2020.
  27. Bureau, Our. "CESC Ventures to pick up majority stake in Herbolab". @businessline. 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. Datta, Aveek (27 December 2011). "Goenkas split rest of RPG group". mint. Retrieved 22 November 2020.
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