Presently the company oversees several lines of business – most of them being unrelated to each other. Creating a diversified company is beneficial, as it provides several distinct product lines and customers, shielding the company from any economic downturns or business instabilities. As there are multiple industries and exposures, shareholders can benefit from a diversification strategy and be protected from negative exposure. Nevertheless, it also limits the positive aspect potential, as the presence of several businesses means playing safe and offsetting exposures.
In general, diversifying with similar products or services and selling them to a familiar customer base is not as risky as other business growth strategies, such as creating a product for a new market. Diversification can be a great way to maintain business stability. It allows you to hedge your bets, and if one of your markets or products fails, you have another to back you up until you recover. We have one such multinational conglomerate with Business Touch Magazine, Enso Group.
Overview of Enso Group
Enso Group is a conglomerate erected on the foundation of worthy Indian values. It was incepted in 2005, after which the company grew enormously by expanding across various critical sectors in over 10+ countries. Enso group aspires to excel in every industry and set new benchmarks. The very word ‘Enso’ epitomizes strength, elegance, and one-mindedness. It actually resonates with the motivation behind the group idea.
The business was started by acquiring oil blocks in Jordan for exploration and production. The company’s great success, which developed a vision for the future, boosted confidence to expand and diversify into various other sectors to become an international conglomerate.
Businesses under the Enso Group
• Energy
The Enso Group is an outstanding Indian private sector group in the global oil and gas scenario. They have successfully established a presence in the upstream segment of the sector. Their Oil & Gas Division is exploring crude oil and natural gas and developing the conventional petroleum potential worldwide.
• Mining
As the Enso Group is transforming ideas and materials into valuable and life-changing things, they have forayed into mining too. They have acquired the skill and know-how to ensure maximum benefit and optimum use of natural resources. They have the best geologists, geophysicists, metallurgists and other mining technical personnel in their team for their professional expertise.
• Health Care
The world population is growing fast, and longer life expectancy, lower mortality rate, and numerous factors have sited immense stress on healthcare services. Furthermore, the overall socio-economic development has given rise to changing lifestyles at home and work, resulting in a pattern shift in the health and pharmaceutical segments.
• Real Estate
The real estate sector has grown with increased demand for office and residential spaces. A robust market, attractive opportunities, and growing investments have proved to be the groundwork for the sector. The Enso Group envisions driving the next wave of growth by taking an innovative view of India’s growing cities.
• Trading
Enso Global Trading is an international trading solutions provider specialising in industry-related products. The company trades in the following products:
PETROLEUM PRODUCTS (Crude Oil, Diesel, Jet Fuel, LPG, LNG)
AGRI PRODUCTS (Wheat, Corn)
METALS PRODUCTS (Gold & Precious Metals)
FERTILIZERS PRODUCTS (Urea, Potash)
Companies under the Enso Group
• Enso healthcare
• First nations potash
• KadaNEFTE gas
• Enso global trading
About Vaibhav Maloo Managing Director of Enso Group
Vaibhav Maloo, Managing Director of Enso Group, studied business throughout his collegiate life and also took up internships in three places. All of them were business-related learning experiences, clearly showing his enthusiasm for business right from the beginning of his career. Two of his internships were during his working career in Enso, which he handpicked to get the best exposure to learn and practice particular skill sets.
Mr Vaibhav always wanted to enter the business, and since his school days, so he also wanted to pursue business education primarily. Besides, he saw a clear opportunity like a virgin territory in India, which seemed to be a perfect growth opportunity for him. He used his business as a vehicle with which he fills in voids in Indian and global markets. However, he believes he still has a long way to go and many plans to implement, more toward the B2C end.
The Biggest Challenges Faced By Enso Group
“Financing for an Indian group is tough to get from overseas unless you are among the top few groups in the country. Big bucks are not available in India due to weak INR. The quantum of funding requirement is substantial in the energy business, and it is not a favourite line of investment choice by top funds. This is owing to the green revolution. That is why we have hedged our risks by diversifying.” – Says Mr Vaibhav.
What Sets The Enso Group Unique From The Crowd
• Diverse experience of our experienced and skilled employees.
• Knowledge of the local conditions gained by strategic partnerships.
• High standards of work ethics.
• Ability to manage operations in diverse industries and economies.
• Ability to mobilise financial resource
They in fact were contacted by esteemed Russian entities to help out with manufacturing Sputnik V and Light, so the pandemic became a business opportunity.
“I think the quality of products and services is of paramount importance. Our products, in terms of Covid-19 vaccines or offerings of our former businesses, were all top-notch, and we hope we are blessed to have quality partners who do things in a sustainable way” Says Mr Vaibhav Maloo.
Embracing Environmental Consciousness Across Businesses
At Enso Group, every company is dedicated to providing a safe, healthy, clean, and ergonomic working environment for all its stakeholders and society. They strive to prevent the wasteful use of natural resources and improve the environment, predominantly concerning natural resources. We try to balance the effect of climate change in all our activities. Our process intends to construct an environment where our businesses can prosper, keeping in mind economic, social, and environmental sustainability.
Practising Business Ethics To Rise Above The Rest
Enso is committed to becoming a name of repute across the world. Every employee, associate, and business partner must feel proud to connect with Enso. We effectively address the complex relationship of good corporate performance, social development, and environmental protection to achieve the same. At Enso, we instill a culture of maintaining accountability and ethical integrity while pursuing market opportunities. We go beyond the boundaries of our organisation and encourage all our stakeholders, including our supply chain, to be sustainable.
Website URL: https://www.ensogroup.com/
