RPSG Ventures picks up 40% stake in Falguni Shane Peacock; signals push into luxury fashion

RPSG Ventures Limited, part of the RP-Sanjiv Goenka Group, announced on Wednesday that it has signed definitive agreements to acquire a 40% stake in FSP Design Private Limited, the company behind the luxury fashion label Falguni Shane Peacock (FSP).

Under the agreement, RPSG Ventures will purchase the stake through a mix of primary infusion and secondary share buyouts from FSP founders Falguni Peacock, Shane Peacock, and other shareholders.

The deal marks the group’s foray into the luxury couture segment, with an option to raise its stake to 50% over the next 18–24 months. The option of an additional 10% stake gives the group flexibility to deepen its presence as it accelerates its push into the fashion and lifestyle businesses.

Shivika Goenka, director-luxury and education, RP-Sanjiv Goenka Group, said FSP reflects the rise of a modern Indian luxury identity. “Indian craftsmanship and contemporary design deserve a global stage. FSP has the brand equity, authenticity, and creative depth, and we are proud to support this next phase of its growth,” she said.

The investment will support FSP’s long-term expansion plans, including growth across key domestic and international markets, entry into new categories, and strengthening the brand’s organisational capabilities in line with global luxury standards.

Founded by designers Falguni Peacock and Shane Peacock, FSP has become one of India’s most recognisable couture houses, known for its signature craftsmanship and strong global appeal. The brand counts international celebrities and fashion icons among its clients. FSP reported revenues of ₹91.75 crore in FY25, up from ₹76.50 crore in FY24 and ₹68.50 crore in FY23, supported by sales across India and overseas through exclusive stores, multi-brand outlets, and online channels.

“This partnership marks a new chapter for us,” said Falguni Peacock, co-founder and creative director of FSP. “RPSG’s belief in our vision gives us the support to scale globally while staying true to our heritage and craftsmanship.”

The investment signals a shift in India’s couture landscape—one where creativity is no longer expected to flourish without corporate backing. With RPSG Ventures stepping in, the industry may be entering an era where artistic talent and institutional support walk in step on the same runway.