RP-Sanjiv Goenka Group
Indian multinational conglomerate
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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]
| |
.jpg) Victoria House, group's headquarters in Kolkata | |
| Type | Private |
|---|---|
| Industry | Conglomerate |
| Founded | 13 July 2011 |
| Founder | Sanjiv Goenka |
| Headquarters | Kolkata, West Bengal, India |
Area served | India, Bangladesh |
| Key people | Sanjiv Goenka (Chairman) |
| Products | |
| Revenue |  ₹26,634 crore (US$2.8 billion) (2021)[1] |
| ₹524 crore (US$54 million) (2020)[1] | |
| Total assets | ₹62,615 crore (US$6.5 billion) (2024)[1] |
Number of employees | 44,500 (2020)[2] |
| Subsidiaries | 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 International Management Institute International Management Institute Durban's Super Giants Manchester Super Giants (70%) |
| Website | www |
History
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
Manufacturer
- 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
- 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
- Firstsource: Firstsource Solutions Limited is a provider of business process management services.[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 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
- 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
- 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
- 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]
- Lucknow Super Giants: An IPL franchise that began competing in the 2022 season.
- Durban's Super Giants: An SA20 franchise that has competed since the inaugural season.
- Manchester Super Giants: A franchise in The Hundred, a UK-based cricket league. The RPSG Group acquired a 70% stake in the team in 2025.[32]
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
- 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]