The RP-Sanjiv Goenka Group (RPSG Group) is a prominent Indian conglomerate headquartered in Kolkata, West Bengal. Established in 2011 following the division of RPG Enterprises between Rama Prasad Goenka’s sons, Harsh and Sanjiv, the RPSG Group has since evolved into a diversified enterprise with a significant presence across various sectors.
Historical Background
The Goenka family’s business legacy dates back to the early 19th century, with initial ventures in jute and tea. Post-India’s independence, the family expanded into manufacturing by acquiring companies like Octavius Steel. In 1979, Rama Prasad Goenka established RPG Enterprises, which grew through strategic acquisitions in pharmaceuticals, retail, power transmission, and entertainment. In 2011, the group’s businesses were divided, leading to the formation of the RP-Sanjiv Goenka Group under Sanjiv Goenka’s leadership.
Business Verticals
Power and Energy
CESC Limited, a flagship company of the RPSG Group, is engaged in electricity generation and distribution in Kolkata and Howrah, West Bengal. It serves approximately 3 million consumers and has expanded operations to Rajasthan under the name CESC Rajasthan.
Carbon Black Manufacturing
Phillips Carbon Black Limited (PCBL), established in 1960, is India’s largest carbon black manufacturer. With a production capacity of 770,000 metric tonnes per annum, PCBL serves customers in over 45 countries and generates 122 MW per hour of green power.
Retail and FMCG
The group’s retail ventures include Spencer’s Retail and Nature’s Basket, catering to diverse consumer needs. In the FMCG sector, RPSG launched ‘Too Yumm!’, a brand offering healthy snacks, and acquired ‘Evita’ to expand its presence in the packaged foods market.
Media and Entertainment
Saregama India Ltd, India’s oldest music label, is part of the RPSG Group. The group also owns Open Magazine, a weekly current affairs publication, and has diversified into film production and digital content under the brand Yoodlee Films.
Information Technology and BPO
Firstsource Solutions Limited, a subsidiary of RPSG Group, provides business process management services across various sectors, including banking, financial services, and healthcare.
Education and Infrastructure
The group has invested in educational institutions like the International Management Institute (IMI) and RP Goenka International School. It also owns Quest Mall, a luxury shopping destination in Kolkata, and Woodlands Hospital, one of the city’s oldest medical institutions.
Sports
RPSG Group owns the IPL cricket team Lucknow Super Giants and the ISL football team Mohun Bagan Super Giant. In February 2025, the group acquired a 70% majority stake in the Manchester Originals franchise of The Hundred competition in England.
Financial Overview
As of 2024, the RP-Sanjiv Goenka Group reported consolidated revenues of ₹26,400 crore (approximately US$3.2 billion) and an asset base of ₹48,500 crore (approximately US$7.4 billion). The group employs over 44,500 individuals and has a global presence in more than 35 countries.
Future Outlook
The RP-Sanjiv Goenka Group continues to explore opportunities for growth and diversification. With a focus on innovation, sustainability, and customer-centricity, the group aims to strengthen its position across existing sectors and venture into new domains.
In conclusion, the RP-Sanjiv Goenka Group stands as a testament to strategic vision and diversified growth, contributing significantly to India’s industrial and economic landscape.
