RP-Sanjiv Goenka Group
An Indian diversified business group with operations spanning energy, manufacturing, retail, media, consumer goods, technology services, infrastructure, education, healthcare, and sport.
Last updated August 24, 2026
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Overview
RP-Sanjiv Goenka Group, commonly known as RPSG Group, is an Indian diversified conglomerate headquartered in Kolkata and led by Sanjiv Goenka. It was formed on 13 July 2011 after the division of the businesses of RPG Enterprises between the sons of its founder, Rama Prasad Goenka. Sanjiv Goenka received the collection of businesses that became the RP-Sanjiv Goenka Group, while Harsh Goenka led the other successor group. The group traces its operating heritage to RPG Enterprises, which Rama Prasad Goenka established in 1979. RPG expanded through acquisitions and investments in sectors including carbon black, cables, tyres, engineering, music, plantations, electricity distribution, retail, and media. Important additions before the 2011 separation included CEAT Tyres India, KEC International, Gramophone Company of India—now Saregama India—Harrisons Malayalam, Calcutta Electric Supply Corporation, Raychem Technologies, Spencer's, and Noida Power Company. The group's later identity therefore combines inherited industrial and infrastructure businesses with newer consumer, media, technology, and sports ventures. Energy is one of the group's central areas. CESC Limited generates and distributes electricity in Kolkata and Howrah, while associated businesses operate thermal-generation facilities, coal-mining and coal-processing assets, and renewable-energy projects. The group also participates in electricity distribution through Noida Power Company, a joint venture serving the Greater Noida region. Its manufacturing interests include PCBL Chemical, formerly known as Phillips Carbon Black, which produces carbon black for tyres and other rubber applications as well as specialty grades used in plastics, paints, and related industries. The group has built a significant consumer and retail portfolio. Spencer's Retail operates multi-format food and general-merchandise stores, and its acquisition of Nature's Basket added a gourmet-food retail chain. Guiltfree Industries markets the Too Yumm! snack brand, while Apricot Foods sells Evita snack products. The portfolio has also included Ayurvedic and wellness products through the Dr. Vaidya's brand. In media and entertainment, the group is associated with Saregama's music catalogue, Carvaan digital music players, Yoodlee Films, and television content. Its media activities also include Open magazine, Fortune India through a publishing arrangement with Fortune Media Group, and the digital news platform Editorji. RPSG's wider portfolio includes Firstsource Solutions in business-process management and information-technology-enabled services, Quest Mall in Kolkata, Woodlands Medical Centre, plantation operations through Harrisons Malayalam, and sporting assets. The sports portfolio has included the Indian Super League club associated with Mohun Bagan, the Indian Premier League team Lucknow Super Giants, the SA20 team Durban's Super Giants, and a stake in Manchester Super Giants in The Hundred. Earlier sporting ventures included ATK, Rising Pune Supergiant, and RPSG Mavericks Kolkata. The group is best understood as a holding and operating platform rather than as a single consumer-facing product brand. Its businesses retain their own names and sector identities, while the RPSG name supplies common ownership, strategic direction, and a shared corporate reputation. The group remains active, but the precise composition of its portfolio changes as subsidiaries, investments, and sports franchises evolve.
History
The history of RP-Sanjiv Goenka Group begins with the formation of RPG Enterprises by Rama Prasad Goenka in 1979. The original group included Phillips Carbon Black, Asian Cables, Agarpara Jute, and Murphy India. It subsequently expanded through acquisitions across manufacturing, engineering, tyres, music, plantations, utilities, and retail. CEAT Tyres India joined the group in 1981, followed by KEC International in 1982. In 1986, RPG acquired Gramophone Company of India, a music business that later became Saregama India. Harrisons Malayalam, with tea and rubber plantation interests, was acquired in 1988. The group made further strategic additions in 1989, including Calcutta Electric Supply Corporation—now CESC Limited—Raychem Technologies, and Spencer's. Its energy and infrastructure presence also expanded through the establishment of Noida Power Company in 1993. NPCL was created as a joint venture between the group and the Greater Noida Industrial Development Authority to distribute electricity in the Greater Noida area. RPG later moved beyond its inherited industrial and utility base. In 2009, it entered media with the launch of Open, a weekly current-affairs and features magazine. In 2010, the businesses of RPG Enterprises were divided between Rama Prasad Goenka's sons, Harsh Goenka and Sanjiv Goenka. The Sanjiv Goenka-led successor platform was formally established on 13 July 2011 as RP-Sanjiv Goenka Group. After the separation, the group developed a portfolio covering electricity generation and distribution, carbon black, information-technology-enabled services, retail, consumer packaged foods, media, entertainment, infrastructure, education, healthcare, plantations, and sport. CESC and its associated entities became important components of the power portfolio. These included Haldia Energy, Dhariwal Infrastructure, Integrated Coal Mining, Crescent Power, and renewable-energy activities through Surya Vidyut. PCBL Chemical remained the principal manufacturing business, supplying carbon black to tyre, rubber, plastics, and coatings industries. The consumer portfolio broadened through Spencer's Retail, the acquisition of Nature's Basket from the Godrej Group in 2019, the launch of Too Yumm! snacks in 2017, and the inclusion of Evita snack products through the acquisition of Apricot Foods in 2017. The group also took a majority stake in Herbolab India, the company behind Dr. Vaidya's Ayurvedic products. In media and entertainment, Saregama expanded beyond its music catalogue into Carvaan hardware, films under Yoodlee Films, and television content. Open, Fortune India, and Editorji extended the group's publishing and digital-media presence. The group also pursued branded sports ownership. Its first sports asset was ATK, a Kolkata-based Indian Super League football club. In 2020, the group acquired a majority stake in Mohun Bagan Athletic Club Private Limited and dissolved ATK as a separate identity; the resulting football operation continued as ATK Mohun Bagan before being renamed Mohun Bagan Super Giant from the 2023–24 season. RPSG also entered cricket through Rising Pune Supergiant, a temporary Indian Premier League team, and later through Lucknow Super Giants, which began IPL competition in 2022. Its international cricket portfolio includes Durban's Super Giants in South Africa's SA20 and Manchester Super Giants in The Hundred. The group has also had a now-defunct Ultimate Table Tennis team, RPSG Mavericks Kolkata. Across these stages, RPSG has operated as a diversified holding group whose individual companies preserve their own brands and governance structures. Its evolution reflects a movement from the industrial and infrastructure foundations inherited from RPG Enterprises toward a broader portfolio that includes consumer brands, content, digital services, organized retail, healthcare, and high-profile sports properties.
- 2025
Manchester Super Giants investment
[1]The group acquires a 70 percent stake in Manchester Super Giants, a team in the UK-based Hundred competition.
- 2023
ATK Mohun Bagan is renamed Mohun Bagan Super Giant
[1]Beginning with the 2023–24 season, the football club is rebranded Mohun Bagan Super Giant.
- 2022
Lucknow Super Giants enter the IPL
[1]The group's Lucknow Super Giants begin competing in the Indian Premier League.
- 2020
Mohun Bagan football investment
[1]The group acquires a majority stake in Mohun Bagan Athletic Club Private Limited and dissolves the ATK identity in the resulting football structure.
- 2019
Nature's Basket is acquired
[1]Spencer's Retail acquires the Nature's Basket gourmet grocery chain from the Godrej Group.
- 2018
Editorji launches
[1]The group launches Editorji as a digital news platform.
- 2017
Too Yumm! launches
[1]Guiltfree Industries begins selling the Too Yumm! line of lower-calorie snacks.
- 2013
Quest Mall opens
[1]Quest Mall opens in Kolkata as part of the group's infrastructure and retail activities.
- 2011
RP-Sanjiv Goenka Group is founded
[1]Following the division of RPG Enterprises' businesses between the Goenka brothers, the Sanjiv Goenka-led group is formally established on 13 July.
- 2009
Entry into media
[1]The group launches Open, a weekly current-affairs and features magazine.
Products and positioning
A diversified Indian business group combining legacy industrial and utility assets with consumer, media, technology, infrastructure, healthcare, education, and sports businesses.
Industrial chemicals · 1960
PCBL Chemical
PCBL Chemical, formerly Phillips Carbon Black, manufactures carbon black for tyre and rubber applications and specialty grades for plastics, paints, coatings, and related industries. It is one of the group's principal manufacturing businesses and connects RPSG to global automotive and industrial supply chains.
Power generation and distribution
CESC Limited
CESC generates and distributes electricity, particularly in Kolkata and Howrah in West Bengal. Its associated portfolio includes thermal generation, captive coal supply, coal processing, and renewable-energy activities.
Business-process management
Firstsource Solutions
Firstsource Solutions provides business-process management and information-technology-enabled services. It represents the group's technology-services and outsourced-operations interests.
Music and entertainment
Saregama and Carvaan
Saregama India operates a major Indian music catalogue and entertainment business. Its Carvaan product is a retro-styled digital music player, while related activities include film production through Yoodlee Films and television content.
Retail
Spencer's Retail
Spencer's Retail is a multi-format Indian retailer selling food, groceries, and general merchandise through organized retail outlets. Its portfolio was broadened by the addition of Nature's Basket.
Gourmet grocery retail
Nature's Basket
Nature's Basket is a gourmet-food grocery chain acquired by Spencer's Retail in 2019. The brand focuses on premium domestic and international food products and complements Spencer's broader retail format.
Packaged snacks · 2017
Too Yumm!
Too Yumm! is the group's consumer-snack brand, introduced by Guiltfree Industries in 2017. It is positioned around snack products marketed as lighter or lower-calorie alternatives within India's packaged-food market.
Packaged snacks
Evita
Evita is a snack brand operated by Apricot Foods. Its range includes traditional and Western-style snack products, and the business became part of the RPSG portfolio in 2017.
Publishing · 2009
Open
Open is a weekly current-affairs and features magazine launched in 2009. It became the flagship publication associated with the group's Open Media Network.
Business media
Fortune India
Fortune India is the group's Indian business-magazine publishing venture, created through an arrangement with Fortune Media Group after the title's previous association with the ABP Group.
Digital news · 2018
Editorji
Editorji is a digital news platform launched by the group in 2018, extending RPSG's media interests into online news distribution.
Sports franchise · 2022
Lucknow Super Giants
Lucknow Super Giants is the group's Indian Premier League cricket franchise. It entered IPL competition in the 2022 season and forms part of RPSG's branded sports portfolio.
Football club · 2023
Mohun Bagan Super Giant
Mohun Bagan Super Giant is the Kolkata football club associated with the group's majority investment in Mohun Bagan Athletic Club Private Limited. The operation competed as ATK Mohun Bagan before adopting its current name from the 2023–24 season.
Brand decisions
2025
Manchester Super Giants investmentM&ABackground
RPSG continued to develop an international sports-franchise portfolio.
Action taken
The group acquired a 70 percent stake in Manchester Super Giants in The Hundred.
Aftermath
The transaction extended the group's cricket presence into the United Kingdom.
2022
Lucknow Super Giants enter the IPLOtherBackground
The group expanded its sports holdings from football and temporary cricket participation into a continuing IPL franchise.
Action taken
Lucknow Super Giants began competing in the Indian Premier League in the 2022 season.
Aftermath
The franchise became a central part of the group's sports and entertainment portfolio.
2020
Investment in Mohun BaganM&ABackground
RPSG had entered Indian football through ATK and sought a durable Kolkata-based football platform.
Action taken
The group acquired a majority stake in Mohun Bagan Athletic Club Private Limited and dissolved the ATK identity.
Aftermath
The club continued in the Indian Super League as ATK Mohun Bagan before being renamed Mohun Bagan Super Giant from the 2023–24 season.
2019
Acquisition of Nature's BasketM&ABackground
Spencer's Retail was expanding its presence in organized and premium grocery retail.
Action taken
Spencer's Retail acquired Nature's Basket from the Godrej Group in May 2019.
Aftermath
The transaction added a gourmet-food retail chain to the group's consumer and retail portfolio.
2017
Launch of Too Yumm!Product launchBackground
The group sought to expand its consumer-goods portfolio beyond its legacy industrial and utility businesses.
Action taken
Guiltfree Industries introduced Too Yumm! as a packaged-snack brand positioned around lower-calorie products.
Aftermath
Too Yumm! became one of the group's principal consumer brands.
2011
Creation of the Sanjiv Goenka successor groupStrategyBackground
RPG Enterprises divided its businesses between the sons of founder Rama Prasad Goenka in 2010.
Action taken
Sanjiv Goenka formally established RP-Sanjiv Goenka Group on 13 July 2011 and led the resulting portfolio.
Aftermath
The new group retained businesses across power, manufacturing, retail, media, services, plantations, infrastructure, and other sectors.
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