RPSG Ventures Acquires 40% Stake in FSP Design, Marking Entry Into Luxury Fashion

The RP-Sanjiv Goenka Group has made a major move into the luxury fashion sector through RPSG Ventures, acquiring a 40% stake in FSP Design, the company behind the high-end Falguni Shane Peacock label. The deal values FSP Design at just over ₹455 crore, fully paid in cash. The group also holds an option to purchase an additional 10% stake within two years, signalling the potential for a deeper and long-term partnership.

FSP Design, which reported ₹92 crore in revenue in FY25, operates across exclusive brand outlets, multi-brand luxury stores, and global online platforms. For the RP-Sanjiv Goenka Group—traditionally focused on FMCG, sports, IT, business services and real estate—this marks a strategic expansion into a new, premium consumer category. The entry into luxury couture aligns with India’s rapidly growing high-end fashion market, driven by rising aspirational spending and stronger global visibility of Indian designers.

While the investment offers significant growth opportunities, it also carries inherent risks tied to the luxury fashion business, which relies heavily on brand image, celebrity influence, and dynamic consumer trends. If FSP Design continues to strengthen its brand and expand its domestic and international footprint, analysts say the partnership could yield strong returns. The acquisition positions RPSG Ventures as a more diversified consumer-focused group while providing FSP Design with the financial muscle needed for its next phase of expansion.