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Our History

The Foresight Group was founded on September 4 1984, as our founder realized his ambition of creating his own business. From those simple but ambitious beginning the company has grown into the multi-billion dollar empire that it is today.

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.

Our Milestones

1984 - 1993
The Early Years

1984

the Foresight Group was founded

1984 - 1993
The Early Years

1985

operated the famous crude oil tanker shuttle service during the Iran-Iraq war

1984 - 1993
The Early Years

1986

purchased its first multipurpose tweendecker ‘Amer Kanti’

1984 - 1993
The Early Years

1986

won its first sulphur trading contract with a Govt of India company

1984 - 1993
The Early Years

1987

purchased its first VLCC tanker ‘M V Trade Reliance’ for use in the shuttle tanker service

1984 - 1993
The Early Years

1989

purchased its first bulk carrier

1984 - 1993
The Early Years

1989

bought its first jack-up rig to start the Drilling business

1984 - 1993
The Early Years

1989

built two own Reefer vessels: ‘Amer Fuji’ and ‘Himalaya’

1984 - 1993
The Early Years

1992

set up ‘The Tandoor’, the first Indian restaurant brand in China

1994 - 2003
The Diversification Years

1994

purchased another large Reefer ship ‘Amer Everest’

1994 - 2003
The Diversification Years

1998

purchased FDV, a niche, shallow-water rig, which is still in operation

1994 - 2003
The Diversification Years

1998

introduced the group's first bond issue worth $100 million

1994 - 2003
The Diversification Years

2000

set up GTFC Limited, India’s largest manufacturer & supplier of footwear materials for the Indian exporters

1994 - 2003
The Diversification Years

2002

the group successfully completed restructuring and managed to retain the 100% ownership of its reefer fleet

2004 - 2013
The Growth Years

2005

acquired two German-built container ships to expand its shipping business

2004 - 2013
The Growth Years

2006

acquired two Aframax tankers that are still in operation

2004 - 2013
The Growth Years

2006

profitably sold its two container ships to a German company

2004 - 2013
The Growth Years

2007

purchased its fourth jack-up rig

2004 - 2013
The Growth Years

2008

a profitable sale of all the group’s Reefer ships, just ahead of the financial crisis

2004 - 2013
The Growth Years

2008

established Pavers England, a joint venture with UK’s leading footwear retailer Pavers Limited

2004 - 2013
The Growth Years

2010

successfully refurbished and renewed its fourth jack-up rig

2004 - 2013
The Growth Years

2012

purchased its fifth jack-up rig

2004 - 2013
The Growth Years

2013

expanded its Drilling division with an order for three new jack-up rigs

2014 onwards
The Expansion Years

2016

successfully delivered two jack-up rigs and commenced operation for ONGC India

2014 onwards
The Expansion Years

2017

consolidated the offshore drilling business with a fleet of six owned jack-up rigs and three committed on bare boat charter

2014 onwards
The Expansion Years

2018

purchased a new VLCC tanker

2014 onwards
The Expansion Years

2019

developed an onshore drilling operational base in the UAE

2014 onwards
The Expansion Years

2019

took delivery of the third new-built jack-up rig and commenced a contract with ADNOC

2014 onwards
The Expansion Years

2019

acquired Keppels jack-up rig and commissioned contract with ADNOC in 2020

2014 onwards
The Expansion Years

2020

secured a contract for the Foresight Driller IX rig with ONGC

2014 onwards
The Expansion Years

2020

commenced building the world’s first CNG terminal

2014 onwards
The Expansion Years

2020

formed a JV ‘Bhavnagar Port Infrastructure Pvt Ltd, with one of India’s most respected business groups, the Padmanabh Mafatlal Group.

2014 onwards
The Expansion Years

2020

finalized technical collaboration with 150-year-old Royal Boskalis Westminster N V Netherlands.

2014 onwards
The Expansion Years

2021

finalized collaboration with ABS (American Shipping Bureau) for CNG Marine Transportation solutions

2014 onwards
The Expansion Years

2021

developed its Global Drilling HO in Abu Dhabi, UAE

2014 onwards
The Expansion Years

2021

ensured that the Foresight Driller IX rig commenced a contract with ONGC

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