Sanjiv Goenka Group

He gives insights into the plans to increase margins for Firstsource in the next 30 months through organic and inorganic growth

"We will take the concept beyond Mumbai and Kolkata to Delhi and Bengaluru as well," Goenka said

The rapidly rising cost of fuel, owing to the Russia-Ukraine crisis and demand-supply factors, is a short-to medium-term constraint, CESC Chairman Sanjiv Goenka has said. Goenka said in such a scenario, it is vital that power producers and distributors are able to expeditiously pass on purely the element of higher fuel cost through tariffs. Unfortunately, while this forms a part of each power supply contract, we still see reluctance of state governments and regulators to give their assent in a timely manner. This, in turn, negatively affects the financial results of power producers. I hope we will see considerably less of this reluctance in the years to come, he said in CESC's annual report for 2021-22. The chairman of the Kolkata-based power utility, however, said notwithstanding this limitation, he is optimistic about the future of power generation and distribution in India and better days for CESC. The company also said it failed to obtain higher tariff demand for 2018-19 and .

The group, with $4 billion in annual revenues, is also scouting for targets in power utilities as well as IT-enabled services, where it has already bought three companies in the past 12 months

Spencer's private label to become part of portfolio, with possible rebranding