RP-Sanjiv Goenka group eyes turnover of Rs 40,000 crore in the next 5 years

Group turnover to be Rs 40K cr in five years from the present level of Rs 26K cr

Fourteen people are zeroing in on acquisition targets for the RP-Sanjiv Goenka group’s fledgling FMCG business. This segment is expected to clock in revenues of Rs 10,000 crore, or about a quarter of the group turnover, in the next five years. According to Sanjiv Goenka, the group turnover in five years would be around Rs 40,000 crore from the present level of Rs 26,000 crore. Power distribution and FMCG are likely to lead the pack, followed by retail, IT and carbon black.

The non-power businesses demerged from CESC —Spencer’s Retail and CESC Ventures comprising FMCG, BPO, realty, and the new entities