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Sanjiv Goenka Biography, Wikipedia, Age, Career, Net Worth | Who is IPL Team Owner Sanjiv Goenka? Bio, Wiki

Who is Sanjiv Goenka?

Sanjiv Goenka is the Chairman of the Board of Directors of Firstsource Solutions Limited. As the Chairman of the RP-Sanjiv Goenka Group, he spearheads one of India’s leading business conglomerates. He’s also the Chairman of CESC Limited and chairs the boards of a number of companies such as Phillips Carbon Black Limited and Spencer’s Retail Limited.

Sanjiv Goenka-owned RPSG group claims Lucknow franchise with over Rs 7,000 crore bid, claims BCCI source

Sanjiv Goenka-owned RPSG group claims Lucknow franchise with over Rs 7,000 crore bid, claims BCCI source
Sanjiv Goenka-owned RPSG group claims Lucknow franchise with over Rs 7,000 crore bid, claims BCCI source

RP-Sanjiv Goenka Group and CVC Capitals will be the owners of the two new IPL franchises that join the league from next season onwards. Lucknow and Ahmedabad will be the home base for the new teams that will take the number of teams in the IPL to ten.

Kolkata-based business tycoon Sanjiv Goenka’s RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer as the eagerly-awaited two new IPL teams were unveiled in Dubai on Monday.

The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.

Sanjiv Goenka Biography, Wiki

Sanjiv was born on 29 January 1961. He pursued his graduation from the prestigious St. Xavier’s College, Kolkata, and has a net worth of $1.8 billion.

Sanjiv is a former member of the Prime Minister’s Council on Trade and Industry. Presently, he is serving as the chairman of the Board of Directors of Woodlands Medical Center LTD.

Apart from making a mark on the business sector, he has also taken interest in the world of sports. Sanjiv is the owner of the ATK Football Club in the Indian Super League. He was elected as the president of the All India Management Association in 2009-2010. Apart from that, he is the chairperson of the prestigious Indian Institute of Kharagpur.

Sanjiv Goenka Biography
Sanjiv Goenka
NameSanjiv Goenka
BornKolkata, India
Age59
CitizenshipIndian
EducationSt. Xavier’s College, Kolkata
TitleChairman of RPSG Group
OccupationBusinessman
Net Worth$2 Billion (Forbes, Jan 2021)

Sanjiv Goenka – RPSG Group

RPSG Group was created by Sanijv Goenka in 2010-2011. This company is named after his father, Late Rama Prasad Goenka. His brother, leads the Mumbai based RPG Group while Sanjiv heads RPSG Group. The major part of Sanjiv Goenka’s group was the power generation and distribution company CESC Ltd.

Hence, to match the power revenues, the junior Goenka had to make his other businesses grow faster. He had to unlock some of the value which had been trapped within the flagship CESC Ltd.

Company NameRPSG Group
OwnerSanjiv Goenka
Founded13 July 2011
HeadquartersKolkata
Revenue/Turnover26,900 crores INR (US$3.8 billion, 2020)
SubsidirariesFirstsource, CESC Limited, Saregama, Spencer’s Retail

This company-owned business like retail and real estate. Three businesses in the group have turned around in the past years. These groups are carbon black, music, and film content. Sanjiv Goenka entered the BPO circuit with the purchase of Firstsource Solutions in 2012.

In October 2018, the flagship CESC was split into three partsThese parts were power generation and distribution business, retail business, and CESC Ventures. The CESC Ventures included IT and FMCG. According to Sanjiv, to turn the business around, the company decided to stop doing business for the sake of top-line, and hence, the team started to focus on profitability.

Sanjiv’s turnaround efforts at Saregama has put the company on track. He had brought in new management to the company that was a relatively smaller member of RPSG Group. It had an annual turnover of INR 356 Crore in 2017-2018. The company has rights to music content in various Indian languages, has changed very much in one year! This is all due to Sanjiv’s effort in remodelling the company.

Sanjiv has always guided his team. This is the reason that RPSG has become a conglomerate with diverse revenue streams.

Although the group’s entry to the FMCG snacks business is new, Goenka has been bullish about its future. He monitors the INR 500 Crore FMCG operation, tastes most of the new products himself, and also makes sure that the visitors check out the food. This attitude of Sanjiv has helped him expedite his wish to make the INR 26,000 Crore group an even division of the regulated and non-regulated business.

The RPSG Group used to be dependent on the power sector. The main reason being that the power sector comprised of 80% of its revenues. Well, today, revenues are evenly distributed and matched between power and other business.

Sanjiv Goenka – RPSG Group – Subsidiaries

The RPSG Group Subsidiaries are:

  • Power (CESC Limited, Haldia Energy Limited, Dhariwal Infrastructure Limited, Noida Power Company Limited, Integrated Coal Mining Ltd, Crescent Power Limited, Surya Vidyut Limited)
  • IT-Enabled Services (Firstsource)
  • Media and Entertainment (Saregama India Ltd, Open, Fortune India, Editorji)
  • Consumer and Retail (Too Yumm! – Guiltfree Industries Ltd, Evita – Apricot Foods Limited, Spencer’s Retail, Nature’s Basket, Dr. Vaidya’s – Herbolab India Pvt Ltd)
  • Education and Infrastructure (Quest Mall, Woodlands Hospital)
  • Sports (ATK Mohun Bagan, RPSG Mavericks Kolkata)
  • Plantation (Harrisons Malayalam Limited)

Sanjiv Goenka Family

The younger son of the RP-Sanjiv Goenka Group’s Chairman Emeritus, Late Dr. Rama Prasad Goenka, Sanjiv Goenka is married to Preeti. They have a daughter, Avarna, and a son, Shashwat. 

Sanjiv Goenka with his wife Preeti Goenka
Sanjiv Goenka with his wife Preeti Goenka

Sanjiv Goenka FAQ’s

Who is Sanjiv Goenka?

Sanjiv Goenka is the Chairman of the Board of Directors of Firstsource Solutions Limited. As the Chairman of the RP-Sanjiv Goenka Group, he spearheads one of India’s leading business conglomerates. He’s also the Chairman of CESC Limited and chairs the boards of a number of companies such as Phillips Carbon Black Limited and Spencer’s Retail Limited.

What is Sanjiv Goenka’s net worth?

$2 Billion (Forbes, Jan 2021).

Who is Sanjiv Goenka’s wife?

Sanjiv Goenka is married to Preeti. They have a daughter, Avarna, and a son, Shashwat. 

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