RPSG Ventures, the strategic investment arm of the RP–Sanjiv Goenka Group, has signed definitive agreements to acquire a 40% stake in FSP Design Private Limited, the parent company of luxury fashion label Falguni Shane Peacock (FSP), the company announced in a press release on Wednesday.
The transaction comprises a combination of primary investment and secondary share purchase from existing shareholders, including founders Falguni Shane Peacock and Shane Jude Peacock. Under the agreement, RPSG Ventures will also retain the option to acquire an additional 10% stake within 18–24 months of completion, enabling it to increase its holding to 50%.
The investment marks RPSG Ventures’ entry into the luxury couture market and aligns with its broader strategy to expand its presence in the fashion and lifestyle sector. The capital infusion will support FSP’s plans for market expansion, additions to its product categories and organisational strengthening.
Commenting on the partnership, Shashwat Goenka, Vice Chairman of the RPSG Group, said the company viewed Falguni Shane Peacock as a reflection of a modern Indian luxury identity that is rooted in heritage while maintaining a global outlook. He stated that the group believed Indian craftsmanship and contemporary design deserved a global platform, adding that FSP possessed the brand equity, authenticity and creative depth necessary to scale further.
Founded by Falguni Peacock and Shane Peacock, FSP has established a strong footprint in the luxury couture segment, catering to clients in India and international markets. The company reported revenues of Rs. 91.75 crore (US $ 10.34 million) in FY 2024–25, up from Rs. 76.50 crore (US $ 8.62 million) in FY 2023–24 and Rs. 68.50 crore (US $ 7.72 million) in FY 2022–23, with sales generated through exclusive boutiques, multi-brand outlets and online channels.
