Essel Group

Essel Group, (also known as Zee Group) is an Indian multinational conglomerate holding company and corporate promoter headquartered in Mumbai, Maharashtra, India. The company has had business interests in mass media, infrastructure and packaging. It operates the subsidiary of Zee Media Corporation.

This article is about the Indian conglomerate. For the French lens manufacturer which merged with Silor in 1972, see Essilor.
Essel Group
Company typePrivate
IndustryConglomerate
Founded21 May 1926 (1926-05-21)
FounderJagannath Goenka
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Subhash Chandra
(Chairman)
Products
Revenue ₹ 16,800 crore
(US$2.4 billion) (2023)
Net income
 ₹ -158 crore
(US$ -19 million) (2023)
Number of employees
10,000+ (2021)
Subsidiaries
  • Zee Media Corporation (4.34%)
  • Zee Entertainment Enterprises (3.99%)
  • Dish TV (4.04%)
  • Siti Networks (6.10%)
Websitewww.esselgroup.com

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. 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.

Experiencing financial troubles in 2019, Essel sold off several of its assets, including Essel Propack and stakes of Zee Entertainment Enterprises.

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