April 21, 2014 3:45 AM ET

Industrial Conglomerates

Company Overview of RPG Enterprises Limited

Company Overview

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...

CEAT Mahal

463, Dr. Annie Besant Road

Worli

Mumbai,  400 025

India

Founded in 1979

Phone:

91 22 2493 0621

Fax:

91 22 2493 8933

Key Executives for RPG Enterprises Limited

Managing Director
Age: 67
President
Age: 62
President
Age: 55
President
Age: 51
Compensation as of Fiscal Year 2013.

RPG Enterprises Limited Key Developments

Amarthaluru Subba Rao to Join RPG Enterprises as Chief Financial Officer and Member of the Management Board

Amarthaluru Subba Rao, former group chief financial officer (CFO) of GMR Group, will join RPG Enterprises as CFO in the first week of August. Subbarao will be a member of the management board of RPG. Rao has served with the infrastructure conglomerate, GMR, for just over 13 years and will hand over the reins to Madhu Terdal by July-end. He has also worked with ITW Signode, Kotak Mahindra before joining GMR in 1999. RPG, on the other hand, had this post vacant because Manish Dugar who joined as CFO last year resigned.

Spencer's Retail Plans IPO By 2013

Spencer's Retail Limited plans to list it before December 31, 2013, after demerging it from CESC Limited. Sanjiv Goenka, Chairman of RPG Enterprises, said, "Spencer's will be listed soon. It may happen even before December 31, 2013, which is our target to achieve a break-even." Sanjiv Goenka said that the group is looking for a strategic investor for Spencer's Retail and they are looking at various options for listing. It may look for a mirror-image demerger from CESC, reverse merger with a listed entity of the group or an initial public offer. Sanjiv Goenka added, "We are looking at all the possibilities. The group has some listed companies with which it can be merged. After listing, we may look for a strategic investor. The company will soon appoint a consultant for the entire process. Once, we discussed the possibility of private placement of equity with different companies, but have decided against that as valuation was not good." Sanjiv Goenka did not mention the consultant, but it is learnt that KPMG could get the mandate for listing Spencer's.

Videocon Backs Out Of Deccan Chargers Auction

Videocon Industries Ltd. pulls out of Deccan Chargers Sporting Ventures Ltd. auction conducted by its owner Deccan Chronicle Holdings Limited. Venugopal Dhoot, Chairman and Managing Director of Videocon, said, "We have not picked up the tender (document)." He added that Videocon has had second thoughts for the deal. Earlier he said that Videocon will offer INR 7 billion for Deccan Chargers. Four companies including RPG Enterprises have intention to buy Deccan Chargers, The Times of India reported on September 11, 2012. Rajiv Shukla, IPL Chief, could not be reached for comment, Mint reported. A spokeswoman for Deccan Chargers said she had no idea of the prospective bidders for the deal.

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