How a forced split of RPG Enterprises actually worked for Goenka brothers
“They've achieved more because of shaper focus & freedom to make speedier decisions,” says Anil Sainani, executive coach of Empowering Solutions.
In August 2010, the late Rama Prasad Goenka interrupted his son Harshvardhan Goenka's holiday at a small village in Switzerland to seek his opinion on dividing up family businesses. The patriarch wanted to carve out his empire — then Rs 13,313 crore in sales and Rs 9,150 crore in market cap — between Harsh and younger brother Sanjiv.
In the ensuing division, Harsh got Ceat, KEC International, Zenstar and RPG Life Science. Sanjiv inherited CESC, Spencer's, Phillips Carbon and Saregama.