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 RPG House, group headquarters, in Mumbai | |
| Company type | Corporate group |
|---|---|
| Industry | Conglomerate |
| Founded | 1820; 205 years ago (1820), inCalcutta, India |
| Founder | Ramdutt Goenka[1] |
| Headquarters | RPG House, Annie Besant Road,Worli,Mumbai, India |
Key people | Harsh Goenka (chairman) |
| Products |
|
| Revenue | ₹25,500 crore (US$2.9 billion)[2] (2018−19) |
| ₹2,660 crore (US$300 million)[2] (2018−19) | |
| ₹1,085 crore (US$120 million)[2] (2018−19) | |
Number of employees | 30,000+ (2018)[citation needed] |
| Subsidiaries | CEAT KEC International Zensar Technologies RPG Life Sciences Raychem RPG Harrisons Malayalam RPG Ventures |
| Website | www |
TheRama Prasad Goenka Group, commonly known asRPG Group, is an Indian industrial and servicesconglomerate headquartered inMumbai.[3] The roots of the RPG Group can be traced back to the enterprise of Ramdutt Goenka in 1820.[4] RPG Enterprises was established in 1979 byRama Prasad Goenka and initially comprised the Phillips Carbon Black, Asian Cables, Agarpara Jute, and Murphy India companies. R. P. Goenka held the title of Chairman Emeritus until his death in 2013. The present chairman isHarsh Goenka, R. P. Goenka's eldest son.[5]
The RPG Group currently consists of more than fifteen companies, mainly infrastructure, tires, and life sciences.[6] Some of the companies it holds areCEAT Tyres,information technology firmZensar Technologies, infrastructure companyKEC International, pharmaceutical companyRPG Life Sciences, a 50/50joint-venture withTE Connectivity for Raychem RPG, plantation companyHarrisons Malayalam, and e-commerce companySeniority.
The conglomerate's major companies, subsidiaries and affiliates are divided among the following 4 sectors.[7]
CEAT is the flagship company of RPG Enterprises, with an annual turnover of₹7,573 crore (equivalent to₹100 billion or US$1.2 billion in 2023) in the financial year 2020-21.[8][9] It is the largest exporter of tyres in India,[10] exporting to over 100 countries.[11] The company is headquartered in Mumbai. It has manufacturing plants inBhandup andAmbernath inMumbai,Nashik, andHalol (nearBaroda).
Entering the Sri Lankan market in 1992, CEAT India formed a joint venture withAMW, and subsequently a three-way venture withKelani Tyres in 1999, to manufacture and market CEAT tyres inSri Lanka. This venture resulted in the creation of CEAT Kelani Associated Holdings, formerly Kelani Tyres, which is today the largest domestic tyre manufacturer in Sri Lanka. The exit of AMW in 2009, resulted in a joint venture between CEAT Kelani Holdings and CEAT India. Commencing operations with one plant inKalutara, the company today has three plants, including a radial plant constructed in 2006.[12] CEAT Kelani is the single largest brand in theradial tyre segment in Sri Lanka, with a 33 percent market share.[12]
In 2017, the conglomerate entered into a joint-venture withBangladeshi group,A K Khan & Company, to set up a plant inBhaluka, Mymensingh with an initial investment of US$67 million.[13] CEAT obtained a 70% stake in this joint-venture.[14]
KEC is a power transmissionengineering-procurement-construction (EPC) companies in the world,[15] recording a turnover of₹13,114 crore (equivalent to₹180 billion or US$2.0 billion in 2023) in the financial year 2020–21.[16] The company has developed power infrastructure in over 70 countries acrossSouth Asia, theMiddle East and North Africa (MENA),Africa,Central Asia, and theAmericas. While power transmission is its largest vertical, the company also has a presence in railways, civil, urban infrastructure, solar infrastructure, and oil and gas cross-country pipelines.[17]
In April 2010, KEC International set up the world's largest tower testing station atButibori, inNagpur. The new test station will facilitate validation of theExtra-High Voltage (EHV) energy network.[18] In September 2010, KEC International acquiredHouston-based SAE Towers, a group of operating companies incorporated in theUnited States,Mexico, andBrazil, consolidated through SAE Towers Holdings, LLC. This acquisition created the second largest steel-lattice tower manufacturer in the world with approximately 1,02,000 MT of annual production capacity. The company also executes EPC works for several transmission lines in the region.
Zensar Technologies is aninformation technology services andoutsourcing company headquartered inPune, India. It offers information technology (IT) andBPO products and services toFortune 500 clients. Zensar has a marketing presence in the US, Europe, Asia Pacific, and South Africa.[19] The company has software development centers at Pune, Hyderabad, and Bangalore in India;Gdańsk,Poland; and theMiddle East.
Zensar service areas include application support and development, application portfolio management, testing, enterprise collaboration and content management, enterprise application integration, business intelligence and data warehousing. Zensar's core competency is application modernization, using Zensar's SBP framework. Zensar is a CMMI Level 5 Company with activity that spans utilities, retail and distribution, banking, financial services and insurance, manufacturing, and telecommunications.
Raychem RPG Limited is a 50:50 joint venture between RPG and US groupTE Connectivity (formerly Tyco Electronics). It is involved in engineering products and services to power, telecommunications, hydrocarbon, oil and gas, and water industries. It manufactures cable accessories up to 245 kV, and connector systems, viz. shear bolt, low power-loss wedge connectors, insulation piercing, deep step indentation, and bolted, up to 1200kV. Raychem Zero-Halogen Heat-shrink technology is widely used in Metro underground applications. Raychem has an innovation centre inHalol, Gujarat, wherein research on polymers for electrical applications, connection technologies, and power electronics, take place. The thrust is on solutions to the power sector, to lower the Aggregate Technical & Commercial losses (AT & C). Raychem RPG has introduced Delta-transformer technology, which has lower No-load losses, as compared to conventional transformers.[20]
RPG Life Sciences (RPGLS) is an Indian pharmaceutical company, formerly known as Searle (India) Ltd. Its three major sources of business are manufacturing and marketing of bulk drugs, also known as API (Active Pharmaceutical Ingredients), pharmaceutical formulation and fermentation & biotechnology. It has global partnership for dossiers/DMF in Europe and Canada, artificial sugar in UK,NSAID in Europe, and formulations in Asia, Canada and Europe.
RPGLS offers services like marketing partnership, NDDS development, development of non-infringing process technologies, and P2P and/or contract manufacturing to its global partners. In 2012, it was named as one of India's best places to work by the Great Places to Work institute.[21]
Harrisons Malayalam is an agricultural business corporation. It cultivates between 14'000 ha – 26'000 ha (information varies) of its own land and processes products from other farmlands in its neighbourhood.[22] In addition to banana, cardamom, cocoa, coffee, coconut, pepper, and vanilla, its primary products are rubber, tea, and pineapple. Harrisons Malayalam is the largest producer of pineapples in India,[23] and the largest producer of tea in South India.[24] It employs around 13,000 people in rural Kerala.[24]
It is theventure capital arm of the RPG Group, which makes investments in startups in different sectors like health and wellness, technology, automotive, infrastructure, and project management.[25] In October 2016, it invested an undisclosed amount inBangalore-based bot-mitigation and management startup, ShieldSquare, through a series A funding.[26] In September 2017, it invested US$1 million inPune-based elderly-care e-commerce platform, Seniority.[27][28] In November 2017, it backed the Pune-based online pharmacy, Medsonway Solutions with US$600,000.[29]
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