🟢 At a Glance
RPSG Ventures is the RP-Sanjiv Goenka Group’s experiment lab: part IT/BPM, part FMCG (Guiltfree), part Herbolab Ayurveda, part sports, and part random startup acquirer. FY25 revenue crossed ₹9,600 Cr, but PAT barely touched ₹164 Cr. ROE? A mere 6%. Is it a value stock in hiding… or just a confused conglomerate?
1. 🎬 Introduction with Hook
Imagine if Tata Consumer, Infosys, Patanjali, and Manchester Originals had a baby.
That’s RPSG Ventures.
It makes chips (Too Yumm!), sells herbal pills, runs IT/BPM services, owns sports teams, and buys D2C brands like it’s on a Shark Tank binge.
But with FY25 PAT at just ₹164 Cr on ₹9,600 Cr revenue, and debt at ₹6,150 Cr, the question is:
Is this business “venturing” toward value creation, or just venture-capital level chaos?
2. 🧠 Business Model – WTF Do They Even Do?
RPSG Ventures is a holding company. Think of it as a private equity fund inside a listed stock, with no exit timelines.
It owns:
💻 IT Services (Firstsource-style BPM)
- Revenue-generating arm
- Offers BPO/KPO, analytics, tech support
- High-margin, scalable
🍟 FMCG (Guiltfree Industries)
- Brands: Too Yumm!, Evita, etc.
- Mid-tier national snack brands
- ₹78 Cr tax demand + fire incident (ouch)
🌿 Ayurveda (Herbolab)
- Herbal supplements & OTC
- Acquired Spectrum Delight (2024)
- Still small, experimental
🏆 Sports (RPSG Sports Ventures)
- Stake in Manchester Originals
- Owner of Lucknow Super Giants (LSG) in IPL via parent group
🛍️ D2C Retail
