RPG Enterprises Limited, through its subsidiaries, operates in infrastructure, automotive tyres, IT, pharmaceuticals, plantations, and power ancillaries businesses. It offers automotive and industrial tyres, tubes, and flaps, such as tyres for trucks and light trucks; radial tyres; and 2 and 3 wheeler, and farm tyres. The company constructs power transmission lines and distribution networks, and substations; and telecom, railways, and water management infrastructure. It offers cabling, engineering, and design services; mission-critical and enterprise application, e-business, business process outsourcing, knowledge, and industry and business consulting services to retail, manufacturing, banki...
463, Dr. Annie Besant Road
Mumbai, 400 025
Founded in 1979
Reliance Industries And RPG Seek Acqusitions
Sep 18 15
Reliance Industries Limited (NSEI: RELIANCE) and RPG Enterprises Limited are looking to invest in startups closer to their businesses. "We need to use this churn to create few new businesses for us," said Sachin Nandgaonkar, Management Board Member at RPG."Our focus is portfolio enhancement, not wealth creation, and we want to buy stakes in startups that we will allow us strategically influence decisions but keep the founders reasonably interested." The group has evaluated at least 50 proposals between June and August and is interested in minority stakes at Seed or Series-A funding level. Both Reliance Industries and RPG Group made it clear that they don't plan to acquire any startups at least for now, because this would turn founders into employees and kill the culture required for innovation.