Essel Group completes 100 years
Founded in 1926, Essel Group has grown into a multi-faceted conglomerate with a diverse presence across businesses
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Published: May 21, 2026 1:38 PM | 3 min read
- Essel Group celebrates its 100th anniversary, having evolved from a small-town business in Adampur in 1926 to a global conglomerate with diverse interests across various sectors.
- Founded by Ram Gopal Ji and expanded by his family, the group has successfully transitioned leadership through six generations, with ongoing contributions from the fourth and fifth generations.
- The conglomerate has significantly impacted the Indian economy by creating over 10 million jobs and establishing entire industries, contributing to both hard and soft power in the nation.
- Dr. Subhash Chandra commemorated the milestone with a global address to employees, emphasizing the group's legacy of innovation and urging them to continue fostering an entrepreneurial spirit for future growth.
Essel Group has completed 100 glorious years of its establishment.
From a humble beginning in 1926 in a small-town named Adampur, to a multi-faceted conglomerate with a diverse presence across a gamut of businesses, Essel Group has created a lasting impression across the world.
Since 1967, Essel Group has reinvented itself by achieving the paradigm shift from a traditional business to a global conglomerate with a Start-Up culture.
Started by Late Ram Gopal Ji, and expanded by his son Shri Jagannath Ji Goenka, supported by Shri Nand Kishore Ji and later, successfully spearheaded by the visionary Dr. Subhash Chandra and his brothers – Laxmi Narain, Jawahar and Ashok Goel, Essel Group is amongst the few Indian business conglomerates which is successfully passing on its rich legacy to the sixth generation, while the fourth and fifth generations are still active.
Over the last century, the group diversified into multiple business sectors including packaging, home entertainment, amusement park, news, content distribution, infrastructure, real estate, education, technology, lifestyle and more, positively impacting the lives of billions of people across 190+ countries. The Group has not only contributed towards the establishment of the Indian business landscape in the pre-liberalization era, but it has also strengthened the economic
development of our Nation by significantly enhancing its hard power and soft power. Through its pioneering initiatives, that have set up not just companies, but entire industries in itself, Essel Group has created an ‘Impression of a Century’, generating employment opportunities for over 10 million people across the Nation.
Commemorating the special occasion, Dr. Subhash Chandra said, “Essel Group’s journey has been one of persistence, resilience, innovation and growth. Our belief that progress must create value for the society and Nation at large has guided the pioneering steps undertaken by the Group across every business
dimension. Me and my brothers are extremely proud to mark this momentous milestone of 100 years that has been built by generations of vision and courage to venture into the unknown and truly leave an imprint of a century across every industry. Essel Group’s journey has evolved alongside our Nation, and I am proud to note that together, we have unlocked economic value and enabled social transformation to drive national progress.”
Marking the momentous milestone, Dr. Chandra addressed over 10,000 Essel Group employees across the globe during a special townhall, conducted today. In an engaging dialogue, Dr. Chandra reflected on the Group’s historic journey and recognized the valuable role played by its employees in carrying forward the rich legacy and building robust business. In his address, Dr. Chandra touched upon the contributions made by the Group in generating wide-spread positive impact
across the world through its offerings. He also narrated the heart-touching and inspiring stories shared by employees who have been a part of the Group’s journey for decades. Dr. Chandra reiterated that as India’s first start-up, Essel Group continues to innovate and take bold steps for the future, further urging
employees to nurture the entrepreneurial spirit as the creators for the next century.
Over the last 100 years, the contributions of the Group have left an indelible impact on India’s economic and social landscape.
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