Enso Group

Last updated

Enso Group
Company typeDiversified
Industry Conglomerate
Founded2005;19 years ago (2005)
Area served
Worldwide
Key people
 Vinay Maloo
(Chairman)
Vaibhav Maloo
(Managing Director)
ProductsEnergy, Mining, Technology, Infrastructure, Healthcare, Solar [1]
Website ensogroup.com
Enso Care Radiology Facility Ensocarecenter.jpg
Enso Care Radiology Facility

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]

Contents

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

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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. ↑ "Ensocare and Wipro GE Healthcare enter into a Public Private Partnership with Government of Maharashtra to upgrade District Hospitals - Elets eHealth". 17 June 2013.
  3. ↑ "Consortium of India's Enso Group, Russian fund emerges as new suitor for Jet Airways - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More". 19 February 2020.
  4. ↑ Seema Singh (16 September 2013). "Medtech Giants Philips and GE Fight Over India". Forbes India Magazine. Retrieved 19 May 2014.
  5. ↑ Our Bureau (17 May 2013). "GE, Maharashtra tie up for diagnostic facilities at 22 hospitals". The Hindu Business Line. Retrieved 19 May 2014.
  6. ↑ Rajesh Unnikrishnan (8 December 2008). "Maloo's back with oil, core focus". Economic Times. Archived from the original on 12 August 2011. Retrieved 19 May 2014.
  7. ↑ "Medtech Giants Philips And GE Fight Over India". Forbes India.
  8. ↑ "GE Technology powers Govt of Maharashtra's PPP initiative in Healthcare". India Infoline News. 17 May 2013. Retrieved 19 May 2014.
  9. ↑ Jagwani, Lohit (14 November 2013). "Enso Group, Omada Capital partner to launch a $600M fund in South Asia". VCCircle. Retrieved 14 April 2021.
  10. ↑ "India's Enso Group to take up projects in Russia's Far East". www.rbth.com. 8 June 2015.
  11. ↑ "Maharashtra govt gets R150-cr boost from Ensocare". Financial Express. 16 May 2013. Retrieved 19 May 2014.
  12. ↑ "Here's How This Leader Helps His Team to Stay Motivated and Positive in Adverse Situations". 21 January 2022.
  13. ↑ "Gazpromneft-Lubricants, Enso Global Trading expand partnership to supply lubricants in India". 11 September 2023.
  14. ↑ "Enso Group expands its portfolio with entry into commodity trading". gulfnews.com. 27 March 2023.
  15. ↑ "Vinay Maloo Enso Chairman and Former RCF Chairman R.G. Rajan Join the Board of Encanto Potash Corp". Newswire Canada. 21 December 2017.
  16. ↑ "Encanto could export 3.4 million tpy". World Fertilizer. 14 June 2017.
  17. ↑ Gazeta, Rossiyskaya (8 June 2015). "India's Enso Group to take up projects in Russia's Far East". Russia Beyond.
  18. ↑ Bhaskar, Utpal (4 October 2011). "Sahara enters oil and gas sector with EnSearch buy". mint.
  19. ↑ "Sahara Group Buys EnSearch Petroleum". Dow Jones Newswires. 4 October 2011 – via www.wsj.com.
  20. ↑ "Wockhardt, Enso Health join hands for Sputnik jabs". The Economic Times. Retrieved 29 January 2022.
  21. ↑ "Wockhardt partners with Enso Healthcare to manufacture 620 million doses of Sputnik vaccines". cnbctv18.com. 20 August 2021. Retrieved 29 January 2022.
  22. ↑ "Strides' biopharma arm partners RDIF to supply COVID-19 vaccine". 19 March 2021 – via Business Standard.
  23. ↑ Staff Writer (19 March 2021). "COVID-19 vaccine: Strides Pharma to produce 200 million doses of Sputnik V". mint.
  24. ↑ "Business News Today: Read Latest Business news, India Business News Live, Share Market & Economy News". The Economic Times.
  25. ↑ "IL&FS Transport JV achieves fin closure for Gurgaon metro". The Economic Times. 7 June 2010.
  26. ↑ "First set of Rapid Metro Rail coaches arrive in Gurgaon from China". India Today. 13 September 2012.
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