A strategically diverse family-owned business
Every bit of the company has been built from scratch, first by our founder and then with the help of the leadership team that works with his guidance. What started as a shipping company has, over the decades, made strategic diversification moves that have seen the organisation morph into the global business house that it is today.
The earliest expansion into a new business line came through Dr Mehrotra’s exposure to oil trading, which built his energy industry expertise and lead to the company buying its first jack-up rig in 1989. Subsequent investments, including a $600m purchase of three purpose built jack-up rigs, has seen the company establish Foresight Offshore Drilling as a standalone entity successfully delivering on contracts for international oil majors.
Bold moves were also made to push the company into less familiar territory and buffer the group against the cyclical nature of the global shipping industry. In 1992 a joint venture in China saw the firm begin its journey into hospitality, developing its own Tandoor restaurant brand. Today four restaurants across China take the global delight in Indian cuisine and elevates it to a fine dining experience.
The group has also developed a manufacturing presence, building skills and partnerships in the footwear manufacturing business and dovetailing these into a premium retail brand selling shoes and accessories