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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 international track record of Safety & Excellence

1984 - 1993
The Early Years

1984

The Foresight Group was founded on 5th Sep in London.

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 refer vessels “Amer Fuji” and “Amer Himalaya” in Japan.

1984 - 1993
The Early Years

1992

Signed joint venture to set-up China’s first Indian fine dining Restaurant in Shanghai.

1994 - 2003
The Diversification Years

1994

Opened “The Tandoor” China’s first Indian food restaurant in Shanghai, as part of our Private Equity Investment.

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

1994 - 2003
The Diversification Years

1998

Introduced the group’s first high yield bond issue worth US$100mln in USA.

1994 - 2003
The Diversification Years

2000

Foresight’s Private Equity division invested in Chennai based GTFC LIMITED which has developed into India’s largest manufacturer and supplier of footwear materials & components.

1994 - 2003
The Diversification Years

2001

Fully accredited “Amer Maritime Training Academy” was set-up in Kanpur,India to train future sailors.

1994 - 2003
The Diversification Years

2002

The Group successfully completed the restructuring of the bond issue and managed to retain 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 were successfully in operation till Dec-2021.

2004 - 2013
The Growth Years

2006

GTFC Limited set-up global footwear sourcing & quality assurance business in India & China which now manages more than 1.5million pairs per annum for UK & European brands.

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

Profitably sold all the Reefer ships, just ahead of the financial crisis

2004 - 2013
The Growth Years

208

As part of our Private Equity investment, in joint venture with UK’s leading footwear retailer Pavers Limited, established a consumer footwear brand ‘Pavers England” in India. The Company received India’s first FDI clearance in 2012 and operates retail stores and e-commerce across the country.

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 - 2024
Strengthening Sustainability

2016

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

2014 - 2024
Strengthening Sustainability

2017

Consolidated the offshore drilling business with fleet of 5 own jack-up rigs.

2014 - 2024
Strengthening Sustainability

2017

Centralized global operational head quarter at Dubai - UAE.

2014 - 2024
Strengthening Sustainability

2018

Purchased a VLCC tanker and successfully operated for oil majors.

2014 - 2024
Strengthening Sustainability

2019

Started onshore oil Drilling division and secured a contract with Oil India for 2000 HP land rig.

2014 - 2024
Strengthening Sustainability

2019

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

2014 - 2024
Strengthening Sustainability

2019

Acquired 2013 build Keppels offshore jack-up rig and commenced contract with ADNOC in 2020

2014 - 2024
Strengthening Sustainability

2019

Formed joint venture “Bhavnagar Port Infrastructure Pvt Ltd” with one of India’s most respected and successful 100 year old business Group Padmanabh Mafatlal Group for the development of Bhavnagar Port in Gujarat. .

2014 - 2024
Strengthening Sustainability

2020

Bhavnagar Port received LOI for 30+45 years concession from Gujarat Maritime Board to develop & operate the Port along with setting up World’s first CNG Terminal.

2014 - 2024
Strengthening Sustainability

2020

commenced building the world’s first CNG terminal

2014 - 2024
Strengthening Sustainability

2020

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

2014 - 2024
Strengthening Sustainability

2021

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

2014 - 2024
Strengthening Sustainability

2021

developed its Global Drilling HO in Abu Dhabi, UAE

2014 - 2024
Strengthening Sustainability

2021

FDIX commenced contract with ONGC

2014 - 2024
Strengthening Sustainability

2021

Foresight Shipping forayed into LPG Shipping with acquisition of Surya Veerya.

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