RP-Sanjiv Goenka Group (also known as RPSG Group) is an Indian multinationalconglomerate headquartered in Kolkata. It was founded by Sanjiv Goenka, the younger son of Rama Prasad Goenka, on 13 July 2011. 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.
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. In 2009, the Group entered into media with the launch of Open Magazine, a weekly current affairs and features magazine.
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.
Businesses and Brands
Victoria House, the headquarters of CESC
CESC Limited:CESC Limited is engaged in the generation and distribution of electricity in Kolkata and Howrah, West Bengal.
Haldia Energy Limited: A subsidiary of CESC, HEL operates two 300 MW coal based thermal power plants at Haldia in West Bengal.
Dhariwal Infrastructure Limited: A subsidiary of CESC, DIL, operates two 300 MW coal based thermal power plants at Chandrapur in Maharashtra.
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.
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.
Crescent Power Limited: CPL operates a coal washery and a thermal plant near Asansol in West Bengal.
Surya Vidyut Limited: The renewable energy business of the Group consists of 156 MW of wind power and 27 MW of solar power.
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.
Media and Entertainment
Saregama India Ltd: It is India's oldest music label and sells a retro-styled digital music player called Carvaan Apart from music, Saregama also produces films under the brand name Yoodlee Films and multi-language Television content.
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.
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.
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.
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
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.
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.
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.
Education and Infrastructure
Quest Mall: The group made a debut in the luxury retail space with Quest Mall in 2013.
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.
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 1 June 2020. ATK Mohun Bagan plays in ISL and other important competitions of the All India Football Federation.
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.
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.