28-05-2014, 02:54 PM
RP-Sanjiv Goenka Group
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Overview
The RP-Sanjiv Goenka Group is India's youngest business group.
Born in 1820, the group has interests across diverse business sectors such as power & natural resources, infrastructure, carbon black, retail, and media & entertainment. With over 14,000 cr. (over USD 3 billion) of assets under its management, the group has ambitious growth plans. The group's planned investments of over 35,000 cr. (about USD 8 billion) are in the pipeline and spread across its various businesses
History
The history of the RP-Sanjiv Goenka Group can be traced back to 1820, when Ramdutt Goenka came to Calcutta (now Kolkata) from a small town in Rajasthan, India. He arrived in this part of the east coast of India to do business with the British East India Company.
By the 1900s, the Goenkas had established themselves in diverse business sectors such as banking, textiles, jute and tea.
For their outstanding contribution to business and the community, the Queen of England conferred knighthood on Sir Hariram Goenka and Sir Badridas Goenka.
In 1933, Sir Badridas Goenka became the first Indian to be appointed Chairman of the Imperial Bank of India (now the State Bank of India).
Sir Badridas Goenka was then elected President of the Federation of Indian Chambers of Commerce and Industry (FICCI), in 1945.
Keshav Prasad Goenka (son of Sir Badridas Goenka) carried the spirit of entrepreneurship forward.
In 1950, the Goenkas acquired two British trading houses - Duncan Brothers and Octavius Steel.
After successful acquisitions in the areas of tea, automobiles, tyres, jute, cotton textiles and electric cables, Keshav Prasad Goenka handed over the reins of his business empire to his three sons.
One of the sons, Rama Prasad Goenka (better known as RP Goenka), established RPG Enterprises in 1979 with Phillips Carbon Black, Asian Cables, Agarpara Jute and Murphy India as its constituents.
The 1980s witnessed further acquisitions by the group; the first being that of CEAT Tyres India in 1981. The group then went on to acquire KEC (1982); Searle India, now RPG Life Sciences (1983); Dunlop (1984); Gramophone Company of India Ltd., now Saregama India (1986); and finally in 1989, CESC, Harrisons Malayalam, Spencer & Co., and ICIM.
Sanjiv Goenka takes over as chairman of the RP-Sanjiv Goenka Group in the summer of 2011.
RP Goenka is now 'Chairman Emeritus' of the RP-Sanjiv Goenka Group as well as the chairman of CESC Ltd.
Vision
Inclusive Growth fired by free-spirited Entrepreneurship
Values
Customer Happiness: Bring a smile on the face of your customer
Credibility: Instill trust and confidence with your actions
Humaneness: Be caring and respectful to all
Execution Excellence: Put your heart and soul into your actions
Speed: Move ahead of time
Risk Taking: Dare to go beyond