Our Story
1980-1990s: Early growth
- 1984: The Foresight Group was established by Chairman RK Mehrotra as a shipping company with a strong vision to help provide integrated industry solutions to energy and shipping logistics supply chains.
- 1989: First jack-up rig manufactured by Foresight Group (one of the pioneers for Indian manufacturing of such rigs)
- 1999: Foresight Group expanded its investments to purchase and establish GTFC (a joint effort with Germany’s leading shoemaker, Rhenoflex GMBH). GTFC currently is India’s largest manufacturer of footwear.
2000s: Rapid business expansion and new investments
- 2006: GTFC established its global sourcing and quality assurance footwear business in India & China. (currently handling 1.5+mn pairs per annum for EU and UK companies.
- 2008: Boasted a fleet of 24 vessels (reefers, containers and tankers). Majority of the shipping business sold prior to the 2008 financial crisis showcasing a successful hedging of global markets.
- 2008: Pavers India established as part of a joint venture between Foresight Private Equity and Pavers England.
2010-2020: New clients and a decade of long term partnerships
- 2016: Completion and sale of jack-up rigs to ONGC.
- 2018: Awarded contract for new rig by ADNOC.
- 2020: Acquisition and development of the Bhavnagar Port CNG Terminal and expansion into bunkering.
2020-2026: Delivering energy stability amid political and economic uncertainty
- 2021: Re-investment in shipping with acquisition of VLCC and VLGC careers leverage of expected increased global demand for fuel and oil outlooks.
- 2022: Bhavnagar Port inaugurated by Prime Minister of India Shri Narendra Modi.
- 2025: Acquisition of 5th VLGC “Kedarnath”