![cover image](https://wikiwandv2-19431.kxcdn.com/_next/image?url=https://upload.wikimedia.org/wikipedia/en/thumb/a/a9/EsselGroup_Logo.svg/640px-EsselGroup_Logo.svg.png&w=640&q=50)
Essel Group
Indian conglomerate / From Wikipedia, the free encyclopedia
Essel Group, (also known as Zee Group) is an Indian multinational conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India.[2] The company has had business interests in mass media, infrastructure and packaging. It operates the subsidiary of Zee Media Corporation.[3][4][5]
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Company type | Private |
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Industry | Conglomerate |
Founded | 21 May 1926; 98 years ago (1926-05-21) |
Founder | Jagannath Goenka |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people | Subhash Chandra (Chairman) |
Products | |
Revenue | ![]() (US$2.4 billion) (2023) |
![]() (US$ -19 million) (2023) | |
Number of employees | 10,000+ (2021) |
Subsidiaries |
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Website | www |
Founded in 1926 as the Messrs Ramgopal Indraprasad by Jagannath Goenka, the company was expanded and converted into the Essel Group of Industries by his grandson, Subhash Chandra.[6] Chandra is part of the Goenka (Goel) family which owns and operates the group; he was also the chairman of the company and a former member of the Rajya Sabha.[7]
Experiencing financial troubles in 2019,[8][9] Essel sold off several of its assets, including Essel Propack and stakes of Zee Entertainment Enterprises.[8][9]