Enso Group

Enso Group is a $7 Billion [3] diversified conglomerate that [4][5] has global operations across a wide range of industries. The group was founded in 2005 by Chairman Vinay Maloo[6] and 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 Group
TypeDiversified
IndustryConglomerate
Founded2005
Headquarters
Mumbai[1][2]
Area served
Worldwide
Key people
Vinay Maloo
(Chairman)
Vaibhav Maloo
(Managing Director)
ProductsOil & Gas, Mining, Technology, Infrastructure, Healthcare, Solar
Websiteensogroup.com
Enso Care Radiology Facility

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, an ore whose products are used in agriculture.[15][16]

Oil & Gas

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 Limited, 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 it's healthcare expansion plans.[21][22] Enso Care is the healthcare brand of Enso Group which 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][25] [26]

Solar

The group is into solar products assembly and has executed many turnkey products in India.[27][28]

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.[29][30][31]

See also

References
  1. https://www.ensogroup.com/page108/contact-us.html
  2. "Archived copy". Archived from the original on 2014-07-14. Retrieved 2014-06-18.CS1 maint: archived copy as title (link)
  3. http://www.forbesindia.com/article/boardroom/medtech-giants-philips-and-ge-fight-over-india/36099/2
  4. Seema Singh (Sep 16, 2013). "Medtech Giants Philips and GE Fight Over India". Forbes India Magazine. Retrieved 2014-05-19.
  5. Our Bureau (2013-05-17). "GE, Maharashtra tie up for diagnostic facilities at 22 hospitals". The Hindu Business Line. Retrieved 2014-05-19.
  6. Rajesh Unnikrishnan (2008-12-08). "Maloo's back with oil, core focus". Economic Times. Retrieved 2014-05-19.
  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. http://www.vccircle.com/news/finance/2013/11/14/enso-group-omada-capital-partner-launch-600m-fund-south-asia
  10. https://in.rbth.com/economics/2015/06/08/indias_enso_group_to_take_up_projects_in_russias_far_east_43561
  11. "Maharashtra govt gets R150-cr boost from Ensocare". Financial Express. 2013-05-16. Retrieved 2014-05-19.
  12. https://www.pressreader.com/india/the-asian-age/20130809/282617440383534
  13. "Enso Foundation". Enso Group. Retrieved 2014-05-19.
  14. "Godrej Eon Tour De India is back" (Press release). Enso Group. 07-11-2013. Archived from the original on December 24, 2013. Retrieved 2014-05-19. Check date values in: |date= (help)
  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. https://www.worldfertilizer.com/potash/14062017/encanto-could-export-34-million-tpy/
  17. Gazeta, Rossiyskaya (June 8, 2015). "India's Enso Group to take up projects in Russia's Far East". Russia Beyond.
  18. https://www.livemint.com/Companies/9ZoHUxPL1kS23SXL3EFTYJ/Sahara-enters-oil-and-gas-sector-with-EnSearch-buy.html
  19. https://www.wsj.com/articles/SB10001424052970204524604576610060588481234
  20. "GE, Ensocare partner with Maharashtra Government for diagnostic facilities". Ensogroup. 17 May 2013.
  21. "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. "GE, Ensocare partner with Maharashtra Government for diagnostic facilities". The Times of India. 17 May 2013.
  26. "Maloo's back with oil, core focus". The Times of India. 8 December 2008.
  27. https://www.ensogroup.com/company/21/Enso-Green-Energy-.html
  28. https://www.ensogroup.com/business/16/Renewable-Energy.html
  29. https://m.economictimes.com/industry/transportation/railways/ilfs-transport-jv-achieves-fin-closure-for-gurgaon-metro/articleshow/6019611.cms
  30. https://www.business-standard.com/article/companies/il-fs-transport-jv-achieves-fin-closure-for-gurgaon-metro-110060700148_1.html
  31. https://www.indiatoday.in/india/north/story/rapid-metro-rail-gurgaon-system-metro-rail-service-delhi-metro-115926-2012-09-13
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