India’s Sanjiv Goenka Group Scouts for Retail, IT Sector Targets

Will aggressively expand retail unit via acquisitions: Goenka
Group to source renewable energy to boost its power utilities

RP-Sanjiv Goenka Group Chairman Sanjiv Goenka says he’s open to acquiring companies in the retail space while focusing on cost efficiencies across the firm’s thirty-one companies. RPSG Group is an Indian conglomerate that has a presence in power, consumer, retail as well as I.T. and natural resources segments. Goenka was speaking exclusively with Juliette Saly and Rishaad Salamat on “BloombergMarkets: Asia”.

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By Adrija Chatterjee

March 23, 2022 at 8:09 AM UTC

This article is for subscribers only.

RP Sanjiv Goenka Group is looking to acquire companies in local retail, technology and power distribution sectors as the diversified Indian conglomerate looks to rapidly scale up.

“We are poised for a very aggressive expansion,” Group Chairman Sanjiv Goenka told Bloomberg TV on Wednesday, saying the Kolkata-based conglomerate was looking to acquire more retail chains and related infrastructure after buying niche sector player Nature’s Basket in 2019. The intent, he said, is to “gain more critical mass” and “greater mass” when asked how he’ll take on sector giants such as billionaire Mukesh Ambani-led Reliance Industries Ltd. and American e-tailer Amazon.com Inc.