Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>The Sanjiv Goenka-led RPSG group has bagged the Lucknow franchise of the IPL.</li><li>Goenka is happy about the purchase and confident that the investment will be profitable.</li><li>Here’s everything you need to know about the Kolkata-based business tycoon.</li></ul>The Sanjiv Goenka-led RP-Sanjiv Goenka Group (RPSG) has bagged the new Lucknow franchise in the cash-rich Indian Premier League (IPL) for a whopping ₹7,090 crore – close to a billion dollars – marking a return for the company to the world's biggest T20 league. The RPSG group was founded by <keyword id="6355523" type="General" weightage="20" keywordseo="sanjiv-goenka" source="Orion">Sanjiv Goenka</keyword> in 2011, after RPG Enterprises, founded by his father Rama Prasad Goenka, was divided between Sanjiv and Harsh Goenka. The RPSG group is a Kolkata-based conglomerate and its major businesses include CESC, a power generation and distribution company, the 120-year-old music company Saregama and the recently launched snacks brand Too Yumm! The company also operates Spencer’s retail chain, Nature’s Basket, Woodlands Hospital, Harrisons Malayalam and several other companies, making it a total of 22 companies. According to <a href="https://www.forbes.com/profile/sanjiv-goenka/?sh=541d14966301">Forbes</a>, Sanjiv Goenka has a net worth of $2.7B (approx. ₹20,250 crore). The RPSG group reported a revenue of ₹26,634 crore as on March 31, 2021 and has assets worth over ₹47,000 crore. <cmsannotation type="cmsannotation" annotationid="Goenka’s love for sports" comment="subhead" text="Goenka’s love for sports">Goenka’s love for sports</cmsannotation> For Sanjiv Goenka, winning the bid for Lucknow may not be just an investment. Goenka’s love for sports is evident from his other ventures as well. <div type="image" title="E5E3B7AD-FE67-4B15-87BE-3FE36E975B49" msid="87277605" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Goenka with Robbie Keane.&amp;lt;/p&amp;gt;"></div> Sanjiv Goenka holds a stake in the ATK Mohun Bagan football club, which is a part of the Indian Super League (ISL). Sourav Ganguly, the president of the Board of Control for Cricket in India (BCCI) is also a co-owner of the ATK Mohun Bagan. The group is also involved in table tennis and owns the RPSG Mavericks Kolkata, which is part of India’s biggest table tennis league, the Ultimate Table Tennis League. <cmsannotation type="cmsannotation" annotationid="Sanjiv Goenka’s second stint in IPL" comment="subhead" text="Sanjiv Goenka’s second stint in IPL">Sanjiv Goenka’s second stint in IPL</cmsannotation> <div type="image" title="4A1F6760-2CCE-41A2-A1E1-4D8BDC7B4640" msid="87277431" hostid="261" caption="&amp;lt;p&amp;gt;Sanjiv Goenka in Rising Pune Super Giants jersey.&amp;lt;/p&amp;gt;"></div> Sanjiv Goenka’s RPSG is no stranger to the Indian Premier League – it had a two-year stint in the IPL after it bagged the Rising Pune Supergiant franchise for IPL 2016 and 2017, after Chennai Super Kings and Rajasthan Royals were suspended from the tournament for two years. Since 2017, Goenka has been eyeing a return to the IPL. In 2016, the team had an average outing, ending up seventh on the table with just five wins. After this, Goenka took the bold decision of dropping Mahendra Singh Dhoni from captaincy and handed over the reins to Steve Smith. This decision turned out well for the team and the team went on to the finals, losing the title to Mukesh Ambani’s Mumbai Indians by the barest of margins – just 1 run. Goenka has returned to IPL with the acquisition of IPL’s latest franchise, Lucknow. The RPSG group had bid for Lucknow, Ahmedabad and Indore. <cmsannotation type="cmsannotation" annotationid="We’ve done our math, says Goenka" comment="subhead" text="We’ve done our math, says Goenka">We’ve done our math, says Goenka</cmsannotation> Soon after the BCCI announced that the RPSG group had won the bid for the Lucknow franchise, Goenka spoke to Cricbuzz. Here are some of the key takeaways from the <a href="https://www.cricbuzz.com/cricket-news/119559/weve-done-our-math-sanjeev-goenka-after-7090-cr-bid-cricbuzzcom">interview</a>. Speaking about why the group selected Lucknow despite winning the bid for both Ahmedabad and Lucknow, Goenka said, “We have operations in Uttar Pradesh. We do power distribution there. We have a very big presence in the northern state. Closer by in Chandigarh, we have the power distribution rights. So for North India, that becomes like a hinterland.” Goenka also revealed the math behind the decision to bid over ₹7,000 crore for the team. “I will probably be paying only ₹3,500 crore in 10 years. It is because I will be getting ₹3,500 crore from the BCCI from the broadcast rights. In the next five years, I may get more [from the BCCI]. The net present value of that is ₹2,100 crore. That means I have got an IPL team for ₹2,100 crore. Tell me, is it good or not?”. In an <a href="https://www.moneycontrol.com/news/business/expect-lucknow-ipl-team-to-command-rs-10000-crore-valuation-in-5-years-rpsg-groups-sanjiv-goenka-7625691.html">interview</a> to Moneycontrol, Goenka revealed that he expects the franchise to be worth over ₹10,000 crore in five years. SEE ALSO: <a href="https://www.businessinsider.in/thelife/news/meet-girish-mathrubootham-founder-and-ceo-of-freshworks/articleshow/86453777.cms">Girish Mathrubootham, the son of a retired bank officer who built a $13 billion company in just 10 years</a> <a href="https://www.businessinsider.in/thelife/personalities/news/murali-divi-the-billionaire-scientist-behind-divis-labs-is-richer-by-6-billion-and-counting-since-the-pandemic/articleshow/86749881.cms">Murali Divi, the billionaire scientist behind Divi’s Labs, is richer by $6 billion, and counting, since the pandemic</a> <a href="https://www.businessinsider.in/business/startups/news/iron-man-vijay-shekhar-sharma-put-his-own-money-on-the-line-to-launch-paytm/articleshow/84468805.cms">‘Iron Man’ Vijay Shekhar Sharma put his own money on the line to launch Paytm — and ten years later the company is ready to go public</a>

Sanjiv Goenka makes a billion dollar comeback to the world's biggest T20 stage

<ul><li>The video of Welspun India’s CEO Dipali Goenka dancing with her colleagues, to the tune of Muqabla song from the Street Dancer 3D, has gone viral on the internet </li><li>The 50-year old Joint Managing Director and CEO of the ₹4,500-crore (over $600 million) Welspun India. </li><li>This is just one party on the road to the targeted $2 billion in revenue by 2022</li></ul>The video of Welspun India’s CEO Dipali Goenka dancing with her colleagues, to the tune of Muqabla song from the Street Dancer 3D, has gone viral on the internet. Many industry leaders,<a href="https://twitter.com/Varun_dvn/status/1230035375734784001"> bollywood actors</a> and politicians applauded the 45-sec video giving a glimpse at a ‘happy workplace’. But the 50-year old Joint Managing Director and CEO of the ₹4,500-crore (over $600 million) Welspun India has a lot more to her credit than a viral video. 
	
	<div type="twitter" handle="hvgoenka" handlename="Harsh Goenka" image="http://pbs.twimg.com/profile_images/1100471315016732672/VQXLpkHZ_normal.jpg" favoritecount="13586" retweetcount="2226" status="Rare to see a CEO dance and have fun in an office setting. That’s the way to create a happy culture @DipaliGoenka… https://t.co/DHDlNz8Gy9" createdat="1582045195000" id="1229812801889357824"></div>





 The reason for the celebration: Welspun India, which makes towels, bathrobes, and bedsheet, registered a whopping 55% growth in net profit for the third quarter ending on December 31, 2019, sparking hopes of a turnaround amidst gloomy prospects for the entire sector. This is just one party on the road to the targeted $2 billion in revenue by 2022. Goenka had a tough start as the boss 
 
 <div type="image" title="BCBE8AC1-8420-48A1-A8D7-E84E24DD23EC" msid="74211911" hostid="261"></div> Goenka was a homemaker, and the wife of <keyword id="949657" type="PERSON" weightage="20" keywordseo="Balkrishan-Goenka">Balkrishan Goenka</keyword> (the Chairman of the <keyword id="157753" type="COMPANY" weightage="20" keywordseo="Welspun-Group">Welspun Group</keyword>) until she decided to become an executive back in 2002. She became an entrepreneur with a new business line, Spaces, a brand that targets premium for towels and bedsheets at a domestic level. Nine years ago, in 2011, Goenka shook the textile industry in India when she took charge of the company. Some industry leaders thought the “Welspun has lost its mind” <a href="https://www.thehindubusinessline.com/business-wire/forbes-ranks-dipali-goenka-as-the-16th-most-powerful-businesswoman-in-asia/article8446854.ece">reported Forbes</a>. ‘Is she here because she is a part of the management?” <a href="https://wow.outlookbusiness.com/dipali-goenka/">Goenka told the media</a>. Two years later, she became the joint managing director in 2013. A few years into the business, Goenka proved the skeptics wrong. Welspun India’s annual revenue was nearly ₹5,500 crore last year. In fact, a look at the stock price of Welspun India shows that the real wealth generation for investors happened only after she took over. 
 
 <div type="image" title="welspun india share price" msid="74211828" hostid="261"></div>





Source: Google Finance Now, the company expects the WelHome and Spaces brands to touch ₹3,500 crore, according to an Edelweiss report, by next year whereas the current market value of entire Welspun India is just ₹4,500 crore. What makes her achievement special is that she has managed to grow the company at a time when the textile industry has been struggling to survive. Particularly, the textile exporters from India have been losing out <a href="https://scroll.in/article/810671/three-charts-show-how-indian-textile-industry-lost-the-race-to-bangladesh-and-vietnam">cheaper competition from Bangladesh and Vietnam</a>. The early setback Sexism was not the only challenge for Goenka. One of the biggest setbacks for the group was in 2016, when Target Corp, second largest value retailer in the US, informed their customers that Welspun India sold them substandard bedsheets. 
 
 <div type="image" title="Capture" msid="74211847" hostid="261"></div>





 At the time, Target gave about 10% of Welspun India’s billion-dollar revenue every year. Their market cap took a steep fall of 54% — from ₹103.34 billion to ₹46.97 billion between August 19, 2016 and August 30, 2016. Goenka <a href="https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/how-welspun-india-is-emerging-from-a-crisis-that-rocked-its-credibility/articleshow/69706022.cms">took responsibility and met all her customers </a>including JCPenney, Costco, <keyword id="80487" type="COMPANY" weightage="20" keywordseo="walmart">Walmart</keyword> in the US to Sainsbury in Europe. In 2017-18, the company’s gross sales fell by 9%. But the company seems to have recovered from that now. It was ranked as the <a href="http://outlookindia.com/outlookmoney/investment/the-weaver-welspun-india-2122">top home textile suppliers in the US in 2017 </a>and has a distribution network in over 32 countries including US, UK, Europe, Canada and Australia. The good fight Goenka has not only chased her corporate aspirations, she has also strongly backed gender equality. “The biggest change is that the percentage of women has gone up from 7% to 23% in our workforce. IQ is not the only thing that will take an organisation forward. It is also the EQ. And that’s the balance women bring,” Goenka<a href="https://wow.outlookbusiness.com/dipali-goenka/"> told Outlook Business. </a> While prodding other billionaire-owners of big businesses like <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword>, <keyword id="55796" type="PERSON" weightage="20" keywordseo="Kiran-Mazumdar-Shaw">Kiran Mazumdar Shaw</keyword> and <keyword id="111343" type="PERSON" weightage="20" keywordseo="Gautam-Adani">Gautam Adani</keyword> to make their workplace more fun, Goenka has also become the face of a changing corporate culture in India. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/article/escorts-share-price-and-inside-story-of-how-market-value-nearly-doubled-in-a-new-book/articleshow/73763872.cms">The inside story of how Escorts turned around to become a nearly ₹10,000-crore company</a> <a href="https://www.businessinsider.in/business/corporates/news/profit-margin-on-jockey-and-speedo-shrinks-shows-page-industries-q3-earnings/articleshow/74119148.cms">Biting slowdown is squeezing Page Industries' profit margin on Jockey and Speedo</a> <a href="https://www.businessinsider.in/business/startups/news/manish-malhotra-ritu-kumar-sabyasachi-and-other-top-designer-clothes-are-available-for-rent-thanks-to-this-indian-startup/articleshow/72326885.cms">Manish Malhotra, Ritu Kumar, Sabyasachi and other top designer clothes are available for rent thanks to this Indian startup</a> <a href="https://www.businessinsider.in/business/news/everybody-needs-a-haircut-says-celebrity-stylist-jawed-habib-who-does-not-fear-the-effect-of-a-slowdown/articleshow/74132791.cms">Star hair stylist Jawed Habib reveals why $30 million franchise hasn't cut prices this slowdown</a>

Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she’s a homemaker-turned-CEO engaged in the good fight

<ul><li><keyword id="599253" type="PERSON" weightage="20" keywordseo="Punit-Goenka">Punit Goenka</keyword>, Managing Director &amp; Chief Executive Officer, <keyword id="141413" type="COMPANY" weightage="20" keywordseo="Zee-Entertainment-Enterprises">ZEE Entertainment Enterprises</keyword> wrote an <keyword id="492565" type="COMPANY" weightage="20" keywordseo="Open-letter">open letter</keyword> to shareholders, talking about his vision for ZEEL.</li><li>He wrote that the company has introduced new policies to strengthen its Governance, mitigate the risks and safeguard its business interests.</li><li>He also wrote that he was here to stay, 'I have taken this up as a challenge to restore the goodwill; not just for me, not just for my family, but for the entire team at ZEE'.</li></ul> In an Open Letter issued this evening, Punit Goenka, Managing Director &amp; Chief Executive Officer, ZEE Entertainment Enterprises Ltd., shared his strategic vision for a new version of the Company – titling it as <keyword id="9636819" type="UNKNOWN" weightage="20" keywordseo="Zee-4-0">ZEE 4.0</keyword>. Goenka laid out the future roadmap to propel the Company as a premier media &amp; entertainment powerhouse. The new and stronger ZEE 4.0 is implementing a 5G formula focusing on – <keyword id="9636821" type="COMPANY" weightage="20" keywordseo="governance-granularity-growth-goodwill-gusto">Governance, Granularity, Growth, Goodwill &amp; Gusto</keyword>, that will define the new phase of the Company. Sharing his thoughts about the envisioned new version of ZEE, Goenka in his letter stated that the 5G approach will define the future of the Company, as it gears up to take the next big leap. He said, “The start of this financial year has been a rather special one for me and the entire team at ZEE. Since for us; it is not just the beginning of another new year, but the beginning of an entirely new life for the Company. The beginning of a Company which is transforming in line with its new realities. The beginning of a sharper, leaner, greener version of ZEE. The beginning of ZEE 4.0.” The 5Gs of ZEE 4.0: • Governance: ZEE has further strengthened its Board with new esteemed members that bring in the required blend of expertise, experience and wisdom. The Company has also introduced new policies to strengthen its Governance, mitigate the Risks and safeguard <keyword id="9636820" type="COMPANY" weightage="20" keywordseo="the-business-interests">the Business Interests</keyword>. • Granularity: ZEE 4.0 will adopt a more granular and transparent approach while reporting, ensuring that its valuable stakeholders gain a deeper insight into the business. • Growth: ZEE’s constant endeavor to stay ahead of the industry performance will always be a guiding factor in all its future initiatives. The Company in this new chapter will continue to harbor a stronger focus on growth and profitability to constantly enhance shareholder value. • Goodwill: With a strong intent to restore the goodwill of the Company, Goenka put all rumors to rest, clarifying – “I am here to stay, and remain committed towards ZEE. I have taken this up as a challenge to restore the goodwill; not just for me, not just for my family, but for the entire team at ZEE.” • Gusto: Proudly acknowledging the professional leadership team of the Company, Mr. Goenka stated that the zeal, passion and commitment displayed by the team has been amongst the key factors instrumental to the Company’s success. The new ZEE 4.0 will further intensify these aspects to compete in a rapidly evolving world. He further added that in its journey of almost three decades, ZEE has emerged as a brand synonymous to entertainment, not only in India but across the globe. Courtesy to its rich legacy, strong content creation capabilities and pioneering initiatives, the Company has been consistently delivering extraordinary entertainment experiences across multiple consumer touchpoints. The new ZEE 4.0 is geared up with a stronger, strategic focus for the future with immense learnings from its previous phases and great ambitions to redefine the next phase of entertainment in India and across the world.

Punit Goenka writes an open letter to shareholders, charts a strategic roadmap for ZEE 4.0

There has been no stopping <keyword id="156418" type="PERSON" weightage="20" keywordseo="Pawan-Goenka">Pawan Goenka</keyword>, the young boy whose family moved to Kolkata from Harpalpur in Madhya Pradesh. He studied at a Hindi medium school and did engineering from IIT Kanpur and went for a PhD at Cornell University in the UK. After over two decades in Mahindra &amp; Mahindra, Goenka has risen through the ranks and has been appointed as the MD and CEO, as the company’s billionaire promoter <keyword id="46425" type="PERSON" weightage="20" keywordseo="Anand-Mahindra">Anand Mahindra</keyword> himself became a non-executive chairman. Ever since, he has been headhunted by the best of the best like AT&amp;T – was hired by General Motors. But Goenka had spotted an ad in a newspaper by Mahindra &amp; Mahindra in Detroit who called auto professionals back home. An interview was fixed.

Pawan Goenka nearly missed the job at M&M ⁠— today he is the MD & CEO

<ul><li><keyword id="599253" type="PERSON" weightage="20" keywordseo="Punit-Goenka">Punit Goenka</keyword> will be the MD &amp; CEO of ZEEL for the next five years.</li><li>He was appointed CEO in July 2008 and has been MD of the <keyword id="6354777" type="COMPANY" weightage="20" keywordseo="Media">media</keyword> firm since January 1, 2010.</li><li>The statement also said that approval on the <keyword id="388617" type="PERSON" weightage="20" keywordseo="reappointment">reappointment</keyword> will be sought from shareholders subsequently.</li></ul> In a statement to the <keyword id="43628" type="CITY" weightage="20" keywordseo="Bombay-stock-exchange">Bombay Stock Exchange</keyword>, the Board of Directors of <keyword id="174248" type="COMPANY" weightage="20" keywordseo="Zee-Entertainment-Enterprises-Ltd">Zee Entertainment Enterprises Ltd</keyword>. (ZEEL) has decided to reappoint Punit Goenka, in principle as the Managing Director &amp; CEO of the company, for a further period of 5 years upon conclusion of his current term on December 31,2019. The statement further said that shareholder approval would be sought subsequently. Goenka, the elder son of Essel group promoter and Zee chairman <keyword id="6442405" type="PERSON" weightage="20" keywordseo="subhash-chandra">Subhash Chandra</keyword> was appointed CEO in July 2008 and has been MD of the media firm since January 1, 2010.

Punit Goenka reappointed as MD and CEO for ZEEL

<keyword id="564534" type="General" weightage="20" keywordseo="emami-limited" source="Orion">Emami Limited</keyword>, at a board meeting held on Thursday, announced that its founders, <keyword id="862121" type="General" weightage="20" keywordseo="R-S-Agarwal" source="Orion">R.S. Agarwal</keyword> and <keyword id="13094825" type="General" weightage="20" keywordseo="r-s-goenka" source="Orion">R.S. Goenka</keyword> have expressed their desire to step down from their current executive positions while continuing on the Board. Accordingly, the Board unanimously decided to appoint R.S. Goenka as Non-Executive Chairman while re-designating R.S. Agarwal as Chairman Emeritus effective 1st April, 2022. Both the Founders will not accept any emoluments from the Company for taking up their new positions. The decision comes in the wake of Board restructuring that was part of the succession planning of the FMCG business of the Group. The Emami Ltd Board also acceded to Sushil K. Goenka's desire to step down from his current position as the Managing Director of Emami Ltd as part of the transition process and has re-appointed him as a Whole-Time Director of the Company effective 1st April, 2022. <keyword id="195893" type="General" weightage="20" keywordseo="mohan-goenka" source="Orion">Mohan Goenka</keyword> and <keyword id="1935599" type="General" weightage="20" keywordseo="harsha-v-agarwal" source="Orion">Harsha V. Agarwal</keyword>, Whole-Time Directors of Emami Ltd., have been spearheading multiple functions and growing the business successfully thereby gaining immense exposure to steer the organisation forward. The Board therefore found them to be deserving candidates and re-designated Mohan Goenka and Harsha V. Agarwal and Whole-Time Directors as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively, effective April 1, 2022 to steer the organisation forward, subject to shareholders' approval. Commenting on the announcement, Founders, R.S. Agarwal and R.S. Goenka said, "We are happy to announce the re-designation of Mohan Goenka and Harsha V. Agarwal as Vice Chairman-cum-Whole Time Director and Vice Chairman-cum-Managing Director respectively. They have been in the forefront of running &amp; growing the organisation for over two decades and their ascension today is the formal recognition of their contribution by our esteemed Board." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/chip-spending-increased-by-25-2-per-cent-in-2021-amid-global-shortage-gartner/articleshow/89322024.cms">Chip spending increased by 25.2 per cent in 2021 amid global shortage: Gartner</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/facebook-blames-prepaid-tariff-hike-in-india-for-slow-user-growth/articleshow/89321413.cms">Facebook blames prepaid tariff hike in India for slow user growth</a>

Emami founders step down from executive positions

New Delhi, Jul 15 () The RP-Sanjiv Goenka Group on Wednesday said it has acquired a majority stake in video-based news app Editorji Technologies Pvt Ltd, a move that marks its foray into the digital news media space. RP-Sanjiv Goenka (RPSG) Group has acquired 51 per cent stake through a combination of primary and secondary transaction in Editorji Technologies, started by former chief executive officer of NDTV Ltd Vikram Chandra, said a statement. However, the group did not disclose the financial details of the transaction. "I am delighted with the transaction as this investment marks our foray into digital news media space. I believe Editorji is a promising platform to build significant digital media business," RPSG Group chairman Sanjiv Goenka said. The USD 6 billion RP-Sanjiv Goenka Group, sees India as an untapped media market. Earlier this month, the RPSG Group had bagged the publishing rights for the global business magazine Fortune for the Indian market. "Massive changes are taking place across the world in the digital domain - where there is a need for personalised, credible and factual news and information. "As part of the RPSG Group, and with strong existing investors like Airtel and HT, Editorji is well-positioned to take advantage of the ongoing digital revolution," Editorji's Managing Director, Vikram Chandra said. Launched in 2018 , Editorji is a digital news player, primarily in current affairs news content. It delivers news in two languages – English and Hindi and across three formats of video, audio and text formats. One of the key features of the Editorji platform is its ability to generate personalised AI-driven news and information playlists. RPSG's businesses include power and energy, carbon black manufacturing, retail, IT-enabled services, FMCG, media and entertainment, and agriculture. KRH DRR DRR

RP-Sanjiv Goenka Group acquires 51 pc stake in video news app Editorji

<ul><li>At the launch of Casa Bacardi in Mumbai, Bacardi’s Anshuman Goenka, Head of Marketing, Bacardi India, spoke to Advertising and Media Insider about the history behind the event</li><li>He spoke about how branded content is Bacardi’s primary way of reaching out to consumers and more</li><li>He further shared the advantages of using music as a medium and idea behind organizing social events such as Casa Bacardi.</li></ul>Bacardi has launched ‘Casa Bacardi’ – an immersive platform bringing together cultures, creativity and celebrations of freedom and individuality. Through ‘Casa Bacardi’, the brand brings to life its global '#DoWhatMovesYou' campaign, a movement that inspires everyone to truly live in the moment. At the launch event in Mumbai, Bacardi’s Anshuman Goenka, Head of Marketing, Bacardi India, spoke to Advertising and Media Insider about the history behind Casa Bacardi and why it renewed its association this time, the advantages of using music as a medium, idea behind organizing social events such as Casa Bacardi, and how Bacardi’s focus is changing in terms of marketing and advertising. The brand spends most of its marketing monies on influencer marketing and digital storytelling. Goenka said that branded content is Bacardi’s primary way of reaching out to the consumers. Watch the interview here to know how Bacardi’s content plan is changing: 
 
 
 
 <div type="Video" msid="72029361" hostid="261" title="BACARDÍ's Anshuman Goenka shares his vision for CASA BACARDÍ" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=72029361"></div>

Here is how Bacardi’s focus on content and event marketing is changing

Emami group, Kolkata-based conglomerate ranging from FMCG products to real estate and healthcare are now setting up a family advisory board . The intent is to make younger generation of the two unrelated families of RS Agarwal and RS Goenka participate in the business. 
As per a news report by The Economic Times, the professionals heading various departments who don’t belong to the family would report to the advisory board. Agarwal’s children Aditya Agarwal, Harsh Agarwal and Priti Surekha, and Mohan Goenka, Manish Goenka and Prashant Goenka of the Goenka family have already formed the board. 
 
Talking to the ET, RS Agarwal, joint chairman of the Emami group said, the group will also hire US-based The Family Business Consulting Group to help in this process. 
 
Harsh Agarwal and Mohan Goenka were seen as the front runners in the family to formally lead the flagship FMCG business which has been aggressively acquiring brands and companies. "Both families have equal crossholdings across various group companies and will seek advice from experts to chart out a robust plan," RS Agarwal told ET. 
 
"We have ensured that the next generation in the family shares a close relationship similar to mine and Mr Goenka's and all of them are not different from each other in their values, mindsets and approach to business." All businesses of the Emami group have one member from each family on board as a director. Emami group watchers said it will be a challenging task for the promoters to chalk out a clear succession plan without ruffling feathers in the family. 
 
"Fortunately for the group, there are no different voices in the family and they are similar in nature although they are from two different families," Anand Rathi, founder chairman of Anand Rathi Securities, a financial services firm, who has known the Emami founders since the inception of the group told the financial daily. 
 
The promoters have trained the second generation to have a unified approach, said Rathi. "So while the daily operations are handled by non-family professionals, the family has worked along with them smoothly, with each of them playing to their respective strengths," he said. 
 
The challenge for most family owned businesses, as Rathi told the ET, is to coordinate a structure that has professional managers hired from outside and equally capable family youngsters with formal education and ambitions. 
 
The founders are now focused on ensuring that the next generation works together without conflicts, just as they did."There is a formal code of conduct laid down for all members of the family," said Agarwal to the ET. 
 
"Succession planning is an area we are looking at very carefully and seriously, and taking a lot of advice from experts to ensure unanimity in the family and working together to achieve business goals,” added Agarwal. 
 
The formal code of conduct includes dos and don'ts such as no personal loan for any family member, no stock market speculation on part of anybody in the family and restriction on the number of holidays allowed in a year. 
 
(Image: mycollegefest)

Emami is showing the way forward for all family-run businesses! Even the Ambani’s can learn from it

Time of "degrowth" was over and now the whole auto industry, especially those in the SUV segment, was smelling a turnaround, said Mahindra and <keyword id="6355744" type="CITY" weightage="100" keywordseo="Mahindra-Group">Mahindra Group</keyword> President (Auto and Farm Sector) <keyword id="156418" type="PERSON" weightage="60" keywordseo="Pawan-Goenka">Pawan Goenka</keyword> to ET Now at the launch of its new small commercial vehicle ‘Jeeto’. Utility vehicle and tractor maker <keyword id="46869" type="CITY" weightage="100" keywordseo="MM">M&amp;M</keyword> is expecting a 16 per cent jump in its combined market share in the commercial vehicle segment with new launches. 

	"Our target is always as high as possible but I will not want to guess on what the market share will be like. If I was a customer, I would find this (Jeeto) a very-very good value proposition and the brief that we had given to our teams was that once you look at this vehicle rationally there should be no reason to buy anything else in terms of purchase price, fuel efficiency, maintenance," he said. 
 

	Goenka told ET Now that the company plans to launch one new tractor every year for three years under the Mahindra and Swaraj brands. 
 

	He is optimistic over the number, especially with the report of a turnaround in the monsoon. "Good forecast now will definitely impact the overall sales in the country. There was a lot of pressure on everyone because of the monsoon, especially for Mahindra because two of our core businesses -- tractor and fairly large portion of the automotive segment -- are dependent on the monsoon this year. So we are relieved right now as the signs are that we will have normal monsoon or may be even normal plus, which is good for companies that are playing in this rural economy." 
 Under the Mahindra range of tractors, M&amp;M sells models such as Yuvraj, Arjun, Bhoomiputra, Sarpanch and <keyword id="6362169" type="PERSON" weightage="40" keywordseo="Shaan">Shaan</keyword> at a horse power range of 15 HP to over 50 HP. 

	"Nothing has changed from the last time we had talked, I have talked about launching nine products, three new platforms...we have launched one major change, which was the XUV 5oo. We are launching one new platform today, which is the P601 platform Jeeto vehicle. We have two new platforms coming up and five more for later, which will happen during this year," Goenka told ET Now

	 
	 
	(image credits: autojunction.in)

You Searched For "Goenka" and got 11 results

Sanjiv Goenka makes a billion dollar comeback to the world's biggest T20 stage

Rounak Jain

Welspun CEO Dipali Goenka is more than a dancing CEO⁠— she’s a homemaker-turned-CEO engaged in the good fight

Sriram

Preeti

Punit Goenka writes an open letter to shareholders, charts a strategic roadmap for ZEE 4.0

BI India Partner

Pawan Goenka nearly missed the job at M&M ⁠— today he is the MD & CEO

Katya Naidu

Punit Goenka reappointed as MD and CEO for ZEEL

BI India Partner

Emami founders step down from executive positions

IANS

RP-Sanjiv Goenka Group acquires 51 pc stake in video news app Editorji

PTI

Here is how Bacardi’s focus on content and event marketing is changing

Karuna Sharma

Pawan Goenka nearly missed the job at M&M ⁠— today he is the MD & CEO

Emami is showing the way forward for all family-run businesses! Even the Ambani’s can learn from it

BI India Bureau

New launches to be the recipe of M&M’s future growth

BI India Bureau

Popular Keywords

Buying Guides