With companies such as KEC, CEAT, Zensar Technologies, and RPG Life Sciences in its fold, the Harsh Goenka-led RPG group had a cumulative turnover of over ₹30,000 crore in FY22. One of the oldest entities in the country and known to have made some daring buyouts, the group’s focus now is on technology, digital, and getting ready for an unpredictable but fascinating future. In an interview, with Business Today’s Krishna Gopalan, the 64-year-old Chairman of RPG Enterprises highlights how each of his businesses is at an interesting stage and what is being done to bolster revenue and profitability in a post-pandemic world. Edited excerpts:
Q: How have you adapted the group’s businesses in a changing environment? In that backdrop, what is being done to make them nimble-footed?
A: At the outset, we look at ourselves as a global group with a footprint in over 100 countries. Today, 45 per cent of our revenue comes from international operations. I would like to bring up an example to elaborate on the point of being nimble-footed. An issue we had, at one point, was that we could not get the best talent to run our R&D function. There were a few [potential candidates from other countries] who changed their minds after seeing the state of infrastructure in India. We lost a precious two years in the process and it was time to take a big decision and that was to move the business elsewhere. Today, our R&D headquarters are in Frankfurt.
This story is from the July 24, 2022 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 24, 2022 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
The Dark Side Of Gold Loans
There Has Been A Sharp Rise In Gold Loans In Recent Years. But There Is A Seedier Side To This, As Is Evident From The Red Flag The RBI Raised Recently. Will The Regulator's Move Protect Customers?
All That Glitters
The price of gold has been rising unabated. It has soared to more than 73,000 per 10 gm in 2024 from *31,000 in early 2018. Is the rally sustainable or is this a bubble?
"Hire for attitude, not ability"
Thryve Digital is a player in the healthcare technology sector delivering next-generation solutions
Road Warrior
For Khalid Wani, Senior Director of Sales at Western Digital India, life is much more than just the corner office. Biking across the world is one way he derives meaning for his life
WIDENING THE POOL
THERE HAS BEEN A JUMP IN INDIVIDUALS INVESTING DIRECTLY IN THE STOCK MARKETS, BUT MUMBAI AND AHMEDABAD STILL ACCOUNT FOR THE LION'S SHARE. THERE DEFINITELY IS SCOPE FOR IMPROVEMENT IN TERMS OF PENETRATION LEVELS ACROSS THE COUNTRY
CRISIS IN THE CLOUDS
INDIAN AVIATION IS IN CRISIS. AIRLINES ARE GRAPPLING WITH FLIGHT CANCELLATIONS, CREW SHORTAGES, AND COMPLAINTS ABOUT POOR SERVICE, ARE BLEEDING DUE TO RISING COSTS WILL THE FASTEST-GROWING AVIATION MARKET RECOVER?
"India should start privatising public sector banks"
Arvind Panagariya, Chairman of the 16th Finance Commission, on growth, inequality, jobs, the banking sector, and more
"I LET MY WORK DO THE TALKING"
Megha Engineering & Infrastructures MD P.V. Krishna Reddy on being low profile, the infra opportunity and much more
"Core of insurance lies in long-term security"
Vibha Padalkar, MD & CEO of HDFC Life, on the insurance provider's performance, surrender charges, and future innovations
Distress in the Books
Bandhan Bank, the brainchild of Chandra Shekhar Ghosh, has made the journey from an MFI to a bank, but with many hurdles. Now with his resignation as MD & CEO, is the lender staring at more uncertainty?