Enso Group

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Enso Group
TypeDiversified
IndustryConglomerate
Founded2005
Area served
Worldwide
Key people
Vinay Maloo
(Chairman)
Vaibhav Maloo
(Managing Director)
ProductsEnergy, Mining, Technology, Infrastructure, Healthcare, Solar [1][2]
Websiteensogroup.com
Enso Care Radiology Facility

Enso Group is a multinational diversified conglomerate that has global operations across a wide range of industries.[3][4] The group was founded in 2005 by Chairman Vinay Maloo and is now valued over $7 Billion.[5][6] It was started with a cluster of oil & gas E&P companies in Jordan, Nigeria, Georgia, Australia and India.[7] [8] 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.[9][10] Most of the group companies are privately held.[11] Vaibhav Maloo holds the position of managing director of the group.[12]

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.[13] Enso Foundation is associated with Tour De India since 2013.[14]

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.[15][16]

Energy[]

Enso Group has stake in a major gas block in Siberian region of Russia, near Irkutsk.[17] The group sold its stake in Ensearch Petroleum, which had its holdings in 14 oil and gas blocks to Sahara India Pariwar in 2011.[18][19]

Healthcare[]

A PPP initiative of Enso Healthcare LLP, and Enso Care, was launched with GE-Wipro and Government of Maharashtra[20] & another one in Punjab with Philips but the group exited before rollout and curbed its healthcare expansion plans.[21][22] Enso Care is a brand of Enso Group. 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.[23][24][21] [25]

Enso Healthcare LLP is acting as an aggregator for manufacturing of Sputnik V and Sputnik Light vaccines in India,[26][27] for Russian sovereign fund RDIF.[28][29][30]

Solar[]

The group is into solar products assembly and has executed many turnkey products in India.[31][32]

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.[33][34][35]

External links[]

See also[]

References[]

  1. ^ "Enso Group - Contact Us". www.ensogroup.com.
  2. ^ "Archived copy". Archived from the original on 2014-07-14. Retrieved 2014-06-18.CS1 maint: archived copy as title (link)
  3. ^ Seema Singh (Sep 16, 2013). "Medtech Giants Philips and GE Fight Over India". Forbes India Magazine. Retrieved 2014-05-19.
  4. ^ Our Bureau (2013-05-17). "GE, Maharashtra tie up for diagnostic facilities at 22 hospitals". The Hindu Business Line. Retrieved 2014-05-19.
  5. ^ Rajesh Unnikrishnan (2008-12-08). "Maloo's back with oil, core focus". Economic Times. Retrieved 2014-05-19.
  6. ^ "Medtech Giants Philips And GE Fight Over India". Forbes India.
  7. ^ "GE Technology powers Govt of Maharashtra's PPP initiative in Healthcare". India Infoline News. 17 May 2013. Retrieved 19 May 2014.
  8. ^ "EnSearch Petroleum Pvt Ltd: Private Company Information". Businessweek. May 19, 2014. Retrieved 2014-05-19.
  9. ^ Jagwani, Lohit (2013-11-14). "Enso Group, Omada Capital partner to launch a $600M fund in South Asia". VCCircle. Retrieved 2021-04-14.
  10. ^ "India's Enso Group to take up projects in Russia's Far East". www.rbth.com. June 8, 2015.
  11. ^ "Maharashtra govt gets R150-cr boost from Ensocare". Financial Express. 2013-05-16. Retrieved 2014-05-19.
  12. ^ "PressReader.com - Your favorite newspapers and magazines". www.pressreader.com.
  13. ^ "Enso Foundation". Enso Group. Retrieved 2014-05-19.
  14. ^ "Godrej Eon Tour De India is back" (Press release). Enso Group. 11 July 2013. Archived from the original on December 24, 2013. Retrieved 19 May 2014.
  15. ^ "Vinay Maloo Enso Chairman and Former RCF Chairman R.G. Rajan Join the Board of Encanto Potash Corp". Newswire Canada. December 21, 2017.
  16. ^ "Encanto could export 3.4 million tpy". World Fertilizer. June 14, 2017.
  17. ^ Gazeta, Rossiyskaya (June 8, 2015). "India's Enso Group to take up projects in Russia's Far East". Russia Beyond.
  18. ^ Bhaskar, Utpal (October 4, 2011). "Sahara enters oil and gas sector with EnSearch buy". mint.
  19. ^ Newswires, Dow Jones (October 4, 2011). "Sahara Group Buys EnSearch Petroleum" – via www.wsj.com.
  20. ^ "GE, Ensocare partner with Maharashtra Government for diagnostic facilities". Ensogroup. 17 May 2013.
  21. ^ a b "GE, Ensocare partner with Maharashtra Government for diagnostic facilities". The Times of India. 17 May 2013.
  22. ^ "Inian investor vinay maloo invests in healthcare business". eHealth. 17 May 2013.
  23. ^ Raelene Kambli (14 August 2013). "Ensocare signs PPP agreement with Govt of Punjab". Financial Express. Retrieved 2014-05-19.
  24. ^ P.T. Jyothi Datta; Rahul Wadke (May 15, 2013). "Maharashtra, 2 private firms to set up Rs 150-crore diagnostics project". The Hindu Business Line.
  25. ^ "Maloo's back with oil, core focus". The Times of India. 8 December 2008.
  26. ^ https://economictimes.indiatimes.com/markets/companies/wockhardt-enso-health-join-hands-for-sputnik-jabs/articleshow/85312466.cms?from=mdr
  27. ^ https://www.cnbctv18.com/healthcare/wockhardt-partners-with-enso-healthcare-to-manufacture-620-million-doses-of-sputnik-vaccines-10436501.htm
  28. ^ Market, Capital (March 19, 2021). "Strides' biopharma arm partners RDIF to supply COVID-19 vaccine" – via Business Standard.
  29. ^ Staff Writer (March 19, 2021). "COVID-19 vaccine: Strides Pharma to produce 200 million doses of Sputnik V". mint.
  30. ^ "Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News". The Economic Times.
  31. ^ "Enso Group - Who We Are". www.ensogroup.com.
  32. ^ "Enso Group - Business - Renewable Energy". www.ensogroup.com.
  33. ^ "IL&FS Transport JV achieves fin closure for Gurgaon metro" – via The Economic Times.
  34. ^ "IL&FS Transport JV achieves fin closure for Gurgaon metro". Press Trust of India. June 7, 2010 – via Business Standard.
  35. ^ GurgaonSeptember 13, Ajay Kumar; September 13, 2012UPDATED; Ist, 2012 13:11. "First set of Rapid Metro Rail coaches arrive in Gurgaon from China". India Today.CS1 maint: numeric names: authors list (link)
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