RPG sons start separate groups

The bifurcation of the Rs16,000-crore Rama Prashad Goenka-lead RPG Enterprises became official on Wednesday after younger son Sanjiv Goenka announced the creation of a separate group identity for companies under his control.

The bifurcation of the Rs16,000-crore Rama Prashad Goenka-lead RPG Enterprises became official on Wednesday after younger son Sanjiv Goenka announced the creation of a separate group identity for companies under his control.

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The new RP-Sanjiv Goenka Group will control companies in five sectors namely power and natural resources, carbon black, retail, media and entertainment and infrastructure. The group has outlined a total investment of Rs35,000 crore for the next five years. Goenka also unveiled a logo for his group. His elder brother Harsh Goenka will own the original group name RPG Enterprises.