Sanjiv Goenka
Chairman, RP-Sanjiv Goenka Group- RPSG Group
- Stake in CESC Limited
- Stake in Firstsource Solutions Limited
- Stake in Spencer's Retail Limited
- Stake in Saregama India Limited
Sanjiv Goenka's Journey so far ...
- Sanjiv Goenka is a graduate of Calcutta University and currently heads the RP-Sanjiv Goenka Group, popularly known as RPSG Group
- The group was originally founded in 1820 but was split into several businesses. In 2011, late Rama Prasad Goenka bifurcated RPG Enterprises into two separate entities - RPG Group was headed by elder son Harsh Goenka, and RPSG Group was put under the charge of younger son Sanjiv Goenka
- Businesses that Sanjiv inherited have a presence in power, engineering, education, media and entertainment, IT, retail, FMCG, plantations and foods. Headquartered in Kolkata, the RPSG Group consists of over 23 companies and has over 44000 employees worldwide. CESC, a power utility company, is the flagship of the group that Goenka restructured in four separate companies
- Philips Carbon Black, a carbon black manufacturer, Spencer's Retail, a hypermarket retail chain, and Saregama are some of the other large companies in his group. Saregama India, a listed entity has the greatest repertoire of Indian music
- Under the leadership of Goenka, Philips Carbon Black became the largest carbon black producer in India and the seventh-largest in the world with its products being used in more than 30 countries
- He expanded the group both organically and inorganically by entering new businesses and acquiring others, some notable acquisitions made by the group are BPO firm Firstsource and packaged food company Apricot Industries
- He transformed the group into a conglomerate with diverse revenue streams and most of his businesses are debt-free
- In 2001, Sanjiv Goenka became the youngest-ever president of the Confederation of Indian Industry (CII)
- He serves on the board of reputed educational institutes like Indian Institute of Technology, Kharagpur and Indian Institute of Management Kolkata
Before you go ...
- Goenka is a foodie and very often he personally chooses the menu at family and professional gatherings
- He has also won many awards in his lifetime including Global Leader for Tomorrow, WEF, Davos in 1993 and the Banga Bibhushan Award by the West Bengal government in 2015
- He is a sports lover and his group entered the sporting arena and acquired a majority stake in the iconic football club Mohun Bagan in 2020. In 2016-17, his franchise Rising Pune Supergiant participated in the Indian Premier League
Sanjiv Goenka News
- Sanjiv Goenka goes viral after LSG’s bowling carnage leaves SRH reelingSanjiv Goenka, owner of Lucknow Super Giants, celebrated his team's dominant bowling performance against Sunrisers Hyderabad by offering prayers. LSG's bowlers, led by Mohammed Shami, ripped through SRH's top order, restricting them to 156/9. Goenka's animated reaction to the dismissals quickly went viral online.
- Nine bidders for GVK's Alaknanda hydro power plantNine bidders, including Adani Power and JSW Energy, have submitted formal offers ranging from Rs 3,000 crore to Rs 4,000 crore for GVK Energy's operational 330 MW Alaknanda hydro power plant. The plant, with a PPA until 2045, has significant debt, with unsecured creditors holding the majority of claims.
- CESC investing Rs 5,000 cr in clean energy projectsCESC Green Power, a subsidiary of CESC Ltd, is investing Rs 5,000 crore in clean energy projects across India. This includes establishing a 3+ GW solar cell/module plant, battery manufacturing, and a 60 MW RE power plant. CESC Ltd will provide financial support to ensure the successful implementation of these projects.
- IPL franchises MI, RCB, LSG earnings take a hitMumbai Indians, Royal Challengers Bengaluru, and Lucknow SuperGiants experienced revenue declines in FY25, impacting their profits. RCB attributed its revenue drop to fewer IPL matches, while LSG faced losses despite a strong fan base and sponsorships. The BCCI earned significantly from the IPL, distributing a portion to the teams, highlighting the league's financial dynamics.
- PCBL Chemical incorporates US subsidiary to expand its North America footprintPCBL Chemical Ltd has established a wholly-owned subsidiary, PCBL Chemical USA Inc, in Delaware to expand its global presence and access the North American market. This move aims to facilitate strategic market access, enhance customer proximity, and improve understanding of local regulations. The company reported a decrease in consolidated net profit for the quarter ended June 30.
- LSG vs DC: Will KL Rahul play for Delhi Capitals? Mystery looms over clash against Sanjiv Goenka's Lucknow Super GiantsIPL 2025: KL Rahul's participation in Delhi Capitals' (DC) opening match against Lucknow Super Giants (LSG) is uncertain as he has joined the team but awaits the birth of his first child. While his availability is still under question, Rahul recently had a strong performance in the ICC Champions Trophy 2025.
- 'Family biz survived in India for centuries due to creative freedom to coming generation'Family businesses in India have thrived for centuries due to the freedom given to succeeding generations to innovate. Shashwat Goenka emphasizes the importance of work-life balance and acknowledges the need for extra effort at times. He highlights the R P Sanjiv Goenka Group's approach of inheriting and growing legacies while creating new ventures, fostering long-term success.
- Lucknow Super Giants IPL 2025 schedule: Full fixtures, match dates, venues & timingsFounded in 2021, Lucknow Super Giants have quickly risen to prominence in the IPL. They made headlines by purchasing Rishabh Pant for Rs 27 crore, who will lead and boost the team's prospects. Retaining key players and adding talents like David Miller, LSG is a strong contender for the 2025 title, beginning their campaign on March 24.
- RPSG Group buys majority stake in Manchester Originals for £107 millionRPSG Group, owned by Sanjiv Goenka and IPL franchise Lucknow Super Giants' owner, is set to acquire a 70% stake in Manchester Originals for £107 million. This move follows RPSG's recent unsuccessful bid for London Spirit and marks an expansion for RPSG in English cricket. The bidding process for The Hundred franchises is nearing completion.
- TIL VC Satyan Gajwani & Nikesh Arora-led consortium wins London Spirit teamA consortium led by American tech giants and Times Internet vice-chairman Satyan Gajwani & Palo Alto Networks' CEO Nikesh Arora acquired a 49% stake in the London Spirit cricket franchise for £145 million, making it the most valuable team in The Hundred tournament. London Spirit's home at Lord's and its location in London are key factors in its high valuation.
- Rishabh Pant named captain of Lucknow Super GiantsRishabh Pant has been named captain of Lucknow Super Giants for the upcoming IPL, with a commitment to give his 200 percent effort. Acquired for Rs 27 crore, Pant expressed optimism about boosting the team's performance. He emphasized a clear communication and a never-say-die attitude, inspired by senior captains like Rohit Sharma.
- After Sanjiv Goenka row, KL Rahul to step down from LSG captaincy for last 2 games?KL Rahul's future as Lucknow Super Giants skipper is uncertain after a disappointing performance in the IPL, with speculation that he might step down and focus on batting for the remaining two games. While there's no official decision yet, management may not mind if Rahul chooses to relinquish the captaincy. Videos of owner Sanjiv Goenka's conversation with Rahul circulated after their loss to Sunrisers Hyderabad, highlighting frustration over poor performances. Rahul's batting in the Powerplay has been a concern, despite his overall runs
- KL Rahul and LSG owner Sanjiv Goenka's angry conversation after heavy loss against SRH goes viral, experts say it shouldn't happen in openLucknow Super Giants suffered a crushing 10-wicket loss against Sunrisers Hyderabad in the IPL. Post-match, a heated exchange between LSG captain KL Rahul and owner Sanjiv Goenka sparked controversy, drawing scrutiny from commentators. Despite LSG's struggles, Hyderabad's Abhishek Sharma and Travis Head's explosive batting stole the show. Amidst the drama, Rahul's composed demeanor and admiration for SRH's performance stood out.
- Firstsource Solutions Q4 Results: Net profit drops 6% YoY to Rs 133.5 croreRP Sanjiv Goenka Group's business process management services company, Firstsource Solutions Limited, posted a consolidated decline of 5.6 per cent in net profit to Rs 133.5 crore for the quarter ended March 2024, compared to Rs 141.3 crore registered in the same period last year, despite higher sales.
- RP Sanjiv Goenka Group to explore NE states for renewable energy projectThe RP Sanjiv Goenka Group, boasting revenue exceeding USD 4 billion, is eyeing investment opportunities in Northeast India, particularly in renewable energy. During a meeting with Minister B L Verma, the group expressed interest in exploring hydropower opportunities and other sectors in the region. Hydropower is seen as having significant potential in the Northeast, with several projects in Arunachal Pradesh already underway.
- Buoyed by corp interest, Ultimate Table Tennis looks to expand the leagueUltimate Table Tennis, which is co-promoted by Vita Dani and Niraj Bajaj, is planning to expand the six-team league by adding new franchises, Dani told ET. She added that the promoter investment in UTT would be ?75 crore by the end of this fiscal. The fourth edition of the league will be held from July 13 to 30 in Pune's Balewadi Sports Complex. It is coming back after a hiatus of over three years. The previous edition was held in July-August 2019.
- PCBL Q1 Results: Net profit rises 21% to Rs 126 croreThe company is setting up a greenfield project in Chennai which is expected to be commissioned by the third quarter of this fiscal. The plant will have a capacity of 1,47,000 tonnes of carbon black and produce 24 MW of green power.Another 40,000 MTPA brownfield project at Mundra in Gujarat, is also under execution in two phases. The first phase is expected to be operational by the end of the current fiscal, the PCBL said.
- Rising fuel cost short-to-medium term constraint: CESC Chairman Sanjiv Goenka"Unfortunately, while this forms a part of each power supply contract, we still see reluctance of state governments and regulators to give their assent in a timely manner. "This, in turn, negatively affects the financial results of power producers. I hope we will see considerably less of this reluctance in the years to come," he said in CESC's annual report for 2021-22.
- Lataji's voice was God's gift, not only to her but to us as a nation: Sanjiv Goenka"She behaved like an aunt - always giving, warm, caring and sensitive. She would reach out for the smallest of things. Her care was beyond compare. It was only subsequently that I realised that this was the Lata Mangeshkar, the singer, the legend herself. So unassuming, warm, down to earth and so benevolent," writes Goenka
- BCCI to announce new IPL teams on Monday; here's all you need to knowBusiness tycoon Gautam Adani and Adani Group are expected to bid for the Ahmedabad franchise and they are considered to be favorites as the new owners of the franchise, if they do put up a bid. Similarly the RPSG group, headlined by billionaire Sanjiv Goenka is also considered to be a serious bidder for the new franchise. It is unclear if RPSG will have any individual or other company as a part of it's consortium.
- Shree Cement to acquire football club East BengalThe acquisition comes as a shot in the arm for East Bengal which now has a fair chance of entering this year's Indian Super League (ISL). The announcement was made in the presence of West Bengal chief minister Mamata Banerjee, who played a key role in helping the club get over the phase of financial difficulty after the club parted ways with Bengaluru-based Quess Corp.
- IMI Kolkata completes summer placements for PGDM 2019-21 with highest monthly stipend of Rs 1 lakhThe institute received 180 offers from over 39 recruiters including JSW, Amazon, Max Life Insurance, Allied Blenders and Distillers and Reserve Bank of India. IMI Kolkata witnessed participation from 23 first-time recruiters. The average monthly stipend for the top 10 percentile students was Rs 47,778 and top 25 percentile students was Rs 30,511.
- Buy CESC target, Rs 945: Manas JaiswalBuy CESC at a price target of Rs 945 and a stop loss at Rs 884 from entry point.
- Cricket-Smith replaces Dhoni as Pune skipper, Starc pulls out of IPLCRICKET-INDIA/IPL:Cricket-Smith replaces Dhoni as Pune skipper, Starc pulls out of IPL