Sanjiv Goenka, a name synonymous with entrepreneurial success in India, chairs the RP-Sanjiv Goenka (RPSG) Group, a diversified conglomerate with a significant presence across numerous sectors. Born on January 29, 1961, Goenka has not only upheld his family’s legacy but has also carved a distinct path, marked by strategic acquisitions, innovative ventures, and a keen eye for growth opportunities. His leadership has propelled the RPSG Group into a formidable entity with an asset base exceeding $6 billion and revenues of $4.3 billion.
As of April 2025, Sanjiv Goenka’s personal net worth is estimated to be around $4.9 billion, placing him among the top 100 wealthiest individuals in India according to Forbes. This substantial wealth is a testament to his astute business acumen and the diverse portfolio of the RPSG Group.
The RPSG Group, headquartered in Kolkata, operates across a wide spectrum of industries, demonstrating Goenka’s vision for a multi-faceted business empire. Key sectors under the group’s umbrella include:
- Power and Energy: The flagship company, CESC Limited, has been a cornerstone of power supply in Kolkata since 1899. The group also has investments in thermal and renewable energy projects across India.
- Carbon Black: PCBL Limited (formerly Phillips Carbon Black Limited) stands as India’s largest carbon black manufacturer, with a global footprint spanning over 50 countries.
- IT-Enabled Services: Firstsource Solutions Limited is a leading provider of business process management services with a global presence.
- Consumer and Retail: This segment includes Spencer’s Retail, one of India’s oldest modern retail chains, Nature’s Basket, the popular snacks brand Too Yumm!, and the Ayurvedic health brand Dr. Vaidya’s. The group also operates Quick Service Restaurants like Waffle Wallah and Biryani Battuta.
- Media and Entertainment: Saregama India Ltd., the country’s oldest music label, is a significant part of this sector. The group also owns Open Magazine and has invested in digital entertainment platforms like Pocket Aces and Yoodlee Films.
- Sports: Goenka has made substantial investments in Indian sports, owning the IPL cricket team Lucknow Super Giants and co-owning the ISL football club Mohun Bagan Super Giant. The group also has a presence in other sports leagues.
- Education and Infrastructure: The RPSG Group’s interests extend to infrastructure with Quest Mall, a luxury shopping destination in Kolkata, and Woodlands Hospital, a renowned medical institution. In education, they established the International Management Institute (IMI), a premier business school.
- Plantations: Harrisons Malayalam Limited is a significant player in the tea and rubber plantation sector.
Sanjiv Goenka’s strategic leadership has not only expanded the RPSG Group’s reach but has also focused on innovation and sustainable growth across its diverse businesses. His ability to identify and capitalize on emerging opportunities has been crucial to the group’s success and his personal wealth. Beyond his business achievements, Goenka was also a member of the Padma Award Committee in 2023, highlighting his influence and standing in the country. His journey exemplifies a blend of business acumen, strategic foresight, and a commitment to growth across various sectors of the Indian economy.
