We plan to grow via M&As, double market capitalisation in 3-5 years: Anant Goenka, Vice Chairman, RPG Enterprises
RPG Enterprises is scouting for strategic M&A opportunities to drive growth across group companies including Ceat, KEC International, RPG Life Sciences and Zensar Technologies, Anant Goenka, vice chairman of the $4.8-billion diversified conglomerate, told ET's Rica Bhattacharyya and George Smith Alexander in an interview. The RPG scion also talked about plans to double the group's market capitalisation in 3-5 years, grow Zensar into a $1-billion company, expand Ceat's global business, and strengthen KEC's position by executing premium and challenging infrastructure projects. Edited excerpts:
It's been over a year since you took charge as vice chairman. What is your plan for the group?
At a group level, we set forth a vision for ourselves some time back, which was more of values in terms of what we call as «unleash talent», «touch lives», «outperform» and «be happy». Recently we converted these mottos to define what they mean. So, 'touch lives' is about having an impact on the lives of customers and being number one in customer satisfaction. Whichever industry we are in, we should be in the top 10% of sustainable practices. By 'unleash talent' we're talking about being number one in terms of employee happiness. 'Outperform' is about beating industry in whichever businesses we run.
Two metrics that we will be looking at in a serious way are market capitalisation and ROC (return on capital). In 3-5 years, our goal is to double our market capitalisation.
Would the group's growth be mostly organic?
Leadership
From
