Enso Group

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Enso Group
TypeDiversified
IndustryConglomerate
Founded2005
Area served
Worldwide
Key people
Vinay Maloo
(Chairman)
Vaibhav Vinay Maloo
(Managing Director)
ProductsEnergy, Mining, Technology, Infrastructure, Healthcare, Solar [1]
Websiteensogroup.com
Enso Care Radiology Facility

Enso Group is a multinational diversified conglomerate that has global operations across a wide range of industries, and is valued at over $6 Billion.[2][3] The group was founded in 2005 by Chairman Vinay Maloo.[4][5] It was started with a cluster of oil & gas E&P companies in Jordan, Nigeria, Georgia, Australia and India.[6] The group has consultancy arm(s) in UK and Singapore with operational offices globally. They have business interests and investments worldwide, across a list of countries.[7][8] Most of the group companies are privately held.[9] Vaibhav Maloo holds the position of managing director of the group.[10]

Enso Foundation

Enso Foundation is set up with a mission to uplift underprivileged sections of society, work on animal welfare, nature preservation, education and healthcare. The Group has contributed to NGO's working towards underprivileged children education and healthcare in India and around the world.[11] Enso Foundation is associated with Tour De India since 2013.[12]

Natural resources

Potash mining

The group has expanded horizontally with purchasing controlling stake in operations of a potash mining project in Saskatchewan province of Canada, an area which has one of the highest reserves of potash in the world. Potash is an ore that leads to products used in agriculture.[13][14]

Energy

Enso Group has stake in a major gas block in Siberian region of Russia, near Irkutsk.[15] The group sold its stake in Ensearch Petroleum, which had its holdings in 14 oil and gas blocks to Sahara India Pariwar in 2011.[16][17]

Healthcare

A PPP initiative of Enso Healthcare LLP, and Enso Care, was launched with GE-Wipro and Government of Maharashtra & another one in Punjab with Philips but the group exited before rollout and curbed its healthcare expansion plans.[18][19] Enso Healthcare would have provided diagnostic healthcare services to 140 million people in the Indian states of Maharashtra and Punjab under Public Private Partnership(PPP) model if they had gone ahead with the rollout.[20][21][18] [22]

Enso Healthcare LLP is acting as an aggregator for manufacturing of Sputnik V and Sputnik Light vaccines in India,[23][24] for Russian sovereign fund RDIF.[25][26][27]

Solar

The group is into solar products assembly and has executed many turnkey products in India.

Infrastructure

The 12.1 km Gurgaon metro rail, called Rapid Metro Gurgaon, was created in JV with Enso Group and a consortium of DLF and IL&FS. The group exited the project, however, soon after operations began. The joint venture SPV was called ITNL Enso Rail Systems Ltd. The metro runs today and has 11 hauls.[28][29]

External links

See also

References

  1. ^ "Archived copy". Archived from the original on 14 July 2014. Retrieved 18 June 2014.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ Seema Singh (16 September 2013). "Medtech Giants Philips and GE Fight Over India". Forbes India Magazine. Retrieved 19 May 2014.
  3. ^ Our Bureau (17 May 2013). "GE, Maharashtra tie up for diagnostic facilities at 22 hospitals". The Hindu Business Line. Retrieved 19 May 2014.
  4. ^ Rajesh Unnikrishnan (8 December 2008). "Maloo's back with oil, core focus". Economic Times. Retrieved 19 May 2014.
  5. ^ "Medtech Giants Philips And GE Fight Over India". Forbes India.
  6. ^ "GE Technology powers Govt of Maharashtra's PPP initiative in Healthcare". India Infoline News. 17 May 2013. Retrieved 19 May 2014.
  7. ^ Jagwani, Lohit (14 November 2013). "Enso Group, Omada Capital partner to launch a $600M fund in South Asia". VCCircle. Retrieved 14 April 2021.
  8. ^ "India's Enso Group to take up projects in Russia's Far East". www.rbth.com. 8 June 2015.
  9. ^ "Maharashtra govt gets R150-cr boost from Ensocare". Financial Express. 16 May 2013. Retrieved 19 May 2014.
  10. ^ "PressReader.com - Your favorite newspapers and magazines". www.pressreader.com.
  11. ^ "Enso Foundation". Enso Group. Retrieved 19 May 2014.
  12. ^ "Godrej Eon Tour De India is back" (Press release). Enso Group. 11 July 2013. Archived from the original on 24 December 2013. Retrieved 19 May 2014.
  13. ^ "Vinay Maloo Enso Chairman and Former RCF Chairman R.G. Rajan Join the Board of Encanto Potash Corp". Newswire Canada. 21 December 2017.
  14. ^ "Encanto could export 3.4 million tpy". World Fertilizer. 14 June 2017.
  15. ^ Gazeta, Rossiyskaya (8 June 2015). "India's Enso Group to take up projects in Russia's Far East". Russia Beyond.
  16. ^ Bhaskar, Utpal (4 October 2011). "Sahara enters oil and gas sector with EnSearch buy". mint.
  17. ^ "Sahara Group Buys EnSearch Petroleum". Dow Jones Newswires. 4 October 2011 – via www.wsj.com.
  18. ^ a b "GE, Ensocare partner with Maharashtra Government for diagnostic facilities". The Times of India. 17 May 2013.
  19. ^ "Inian investor vinay maloo invests in healthcare business". eHealth. 17 May 2013.
  20. ^ Raelene Kambli (14 August 2013). "Ensocare signs PPP agreement with Govt of Punjab". Financial Express. Retrieved 19 May 2014.
  21. ^ P.T. Jyothi Datta; Rahul Wadke (15 May 2013). "Maharashtra, 2 private firms to set up Rs 150-crore diagnostics project". The Hindu Business Line.
  22. ^ "Maloo's back with oil, core focus". The Times of India. 8 December 2008.
  23. ^ "Wockhardt, Enso Health join hands for Sputnik jabs". The Economic Times. Retrieved 29 January 2022.
  24. ^ "Wockhardt partners with Enso Healthcare to manufacture 620 million doses of Sputnik vaccines". cnbctv18.com. 20 August 2021. Retrieved 29 January 2022.
  25. ^ "Strides' biopharma arm partners RDIF to supply COVID-19 vaccine". 19 March 2021 – via Business Standard.
  26. ^ Staff Writer (19 March 2021). "COVID-19 vaccine: Strides Pharma to produce 200 million doses of Sputnik V". mint.
  27. ^ "Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News". The Economic Times.
  28. ^ "IL&FS Transport JV achieves fin closure for Gurgaon metro" – via The Economic Times.
  29. ^ "First set of Rapid Metro Rail coaches arrive in Gurgaon from China". India Today. 13 September 2012.
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