Kolkata: The Vice-President of Goenka Group, Sanjiv Goenka on Wednesday launched a new identity of the companies controlled by him as RP-Sanjiv Goenka Group.

Talking to reporters, Goenka said the new Group will make investment to the tune of Rs 35,000 crore in next five years including Rs 31,000 crore in power sector and Rs 2,500 crore in carbon black trade.

The new Group will be active in five sectors - power and natural resources, carbon black, retail media, entertainment and infrastructure.

The new Group will have an asset base of Rs 14,000 crore and turnover of over Rs 9000 crore.

Now, Sanjiv Goenka controlled CESC, Philips carbon black, Saregama and some unlisted companies will not use the RPG Enterprises identity.

The decision was taken by Sanjiv Goenka, a sixth generation Goenka family member, after the assets of the RPG Group in early 2010 were divided among Rama Prasad Goenka's two sons Harsh Goenka, based in Mumbai, and Sanjiv Goenka in Kolkata.

JPN/Bureau