Enso Group Explained

Enso Group
Type:Diversified
Area Served:Worldwide
Key People:Vinay Maloo
(Chairman)
Vaibhav Maloo
(Managing Director)
Industry:Conglomerate
Products:Energy, Mining, Technology, Infrastructure, Healthcare, Solar [1]

Enso Group is a multinational diversified conglomerate.[2] [3] [4] [5] The group was founded in 2005 by Chairman Vinay Maloo.[6] [7] It was started with a cluster of oil and gas exploration and production companies in Jordan, Nigeria, Georgia, Australia and India.[8] The group has consultancy arms in the UK and Singapore with operational offices globally.[9] [10] Most of the group companies are privately held.[11] Vaibhav Maloo holds the position of managing director of the group.[12] Enso Oils & Lubricants is the Indian partner for Gazprom Neft engine oils.[13] Enso Global Trading is a trading house based out of Dubai.[14]

Natural resources

Potash mining

The group has expanded horizontally into a potash mining project in Saskatchewan, Canada, an area which has one of the highest reserves of potash in the world.[15] [16]

Energy

Enso Group has stake in a major gas block in Siberia, 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

Enso Healthcare LLP is acting as an aggregator for manufacturing of Sputnik V and Sputnik Light vaccines in India,[20] [21] for Russian sovereign fund RDIF.[22] [23] [24]

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.[25] [26]

See also

External links

Notes and References

  1. Web site: Archived copy . 2014-06-18 . dead . https://web.archive.org/web/20140714152938/http://www.businessworld.in/news/science-and-technology/health/maharashtra-punjab-try-ppp-model-in-diagnostic-facilities/928414/page-1.html . 2014-07-14 .
  2. https://ehealth.eletsonline.com/2013/06/ensocare-and-wipro-ge-healthcare-enter-into-a-public-private-partnership-with-government-of-maharashtra-to-upgrade-district-hospitals/
  3. https://www.arabianbusiness.com/south-asia/440565-consortium-of-indias-enso-group-russian-fund-emerges-as-new-suitor-for-jet-airways
  4. News: Seema Singh. 16 Sep 2013. Medtech Giants Philips and GE Fight Over India. Forbes India Magazine. 2014-05-19.
  5. News: Our Bureau. 2013-05-17. GE, Maharashtra tie up for diagnostic facilities at 22 hospitals. The Hindu Business Line. 2014-05-19.
  6. News: Rajesh Unnikrishnan . Maloo's back with oil, core focus . Economic Times . 2008-12-08 . 2014-05-19.
  7. Web site: Medtech Giants Philips And GE Fight Over India. Forbes India.
  8. News: GE Technology powers Govt of Maharashtra's PPP initiative in Healthcare . India Infoline News . 17 May 2013 . 19 May 2014.
  9. Web site: Jagwani . Lohit . Enso Group, Omada Capital partner to launch a $600M fund in South Asia . VCCircle . 2013-11-14 . 2021-04-14.
  10. Web site: India's Enso Group to take up projects in Russia's Far East. 8 June 2015. www.rbth.com.
  11. News: Maharashtra govt gets R150-cr boost from Ensocare . Financial Express . 2013-05-16 . 2014-05-19.
  12. https://www.entrepreneur.com/en-in/leadership/heres-how-this-leader-helps-his-team-to-stay-motivated-and/414364
  13. Web site: Gazpromneft-Lubricants, Enso Global Trading expand partnership to supply lubricants in India. September 11, 2023.
  14. Web site: Enso Group expands its portfolio with entry into commodity trading. March 27, 2023. gulfnews.com.
  15. Web site: Vinay Maloo Enso Chairman and Former RCF Chairman R.G. Rajan Join the Board of Encanto Potash Corp.. 21 December 2017. Newswire Canada.
  16. Web site: Encanto could export 3.4 million tpy. 14 June 2017. World Fertilizer.
  17. Web site: India's Enso Group to take up projects in Russia's Far East. Gazeta. Rossiyskaya. 8 June 2015. Russia Beyond.
  18. Web site: Sahara enters oil and gas sector with EnSearch buy. Utpal. Bhaskar. 4 October 2011. mint.
  19. Web site: Sahara Group Buys EnSearch Petroleum. Dow Jones Newswires. 4 October 2011. www.wsj.com.
  20. News: Wockhardt, Enso Health join hands for Sputnik jabs. The Economic Times. 2022-01-29.
  21. Web site: 2021-08-20. Wockhardt partners with Enso Healthcare to manufacture 620 million doses of Sputnik vaccines. 2022-01-29. cnbctv18.com. en.
  22. Web site: Strides' biopharma arm partners RDIF to supply COVID-19 vaccine. 19 March 2021. Business Standard.
  23. Web site: COVID-19 vaccine: Strides Pharma to produce 200 million doses of Sputnik V. Staff Writer. 19 March 2021. mint.
  24. Web site: Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News. The Economic Times.
  25. Web site: IL&FS Transport JV achieves fin closure for Gurgaon metro. The Economic Times.
  26. Web site: First set of Rapid Metro Rail coaches arrive in Gurgaon from China. 13 September 2012. India Today.

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