Sanjiv Goenka forays into FMCG, to trim focus on power generation

Group is planning to reduce its dependence on power generation business by expanding in other areas

Diversified conglomerate RP-Sanjiv Goenka Group (RPSG) has forayed into fast-moving consumer goods (FMCG) and is eyeing $1 billion revenue in the next five years from this business.

The group is planning to reduce its dependence on the power generation business by expanding in other areas like power distribution, FMCG and sports.

Sanjiv Goenka, group chairman, has formed a new company, Guiltfree Industries, which is likely to drive the group’s FMCG business. “There will be only one FMCG entity in the group in the future,” Goenka said.

RPSG has rolled out two variants of quick snacks under the