What Foresight Group does

Foresight Group is a privately held, family-trust-owned diversified maritime, energy logistics, and infrastructure conglomerate founded in 1984 by Dr. Ravi K. Mehrotra, registered in Singapore as Foresight Global Pte Ltd, and headquartered in Dubai with operational offices in London and Mumbai. The Group operates across six integrated business divisions: (i) Offshore & Onshore Drilling — 5 jack-up rigs (Foresight Driller IX, Vivekanand 1/2/3, Aryabhatt 1) and 1 land rig (S103) chartered primarily to ONGC, ADNOC, Oil India, and QatarEnergy; (ii) LPG Shipping — a modern fleet of 7 VLGCs (Jagannath, Badrinath, Kedarnath, Manasarovar, Vishvakarmaa, Sarv Shakti, Surya Veerya) serving ADNOC, Petredec, Reliance, Indian Oil, Saudi Aramco, ExxonMobil, SHV, Mercuria, and Anglo American, with a stated ambition to reach 25 vessels by 2034; (iii) Bhavnagar Port — a 235-hectare next-generation multi-cargo port JV with Padmanabh Mafatlal Group and Boskalis under a Gujarat Maritime Board concession, featuring one of the world's largest navigation lock systems and the world's first CNG terminal; (iv) Foresight Private Equity — investments in GTFC (footwear materials) and Pavers England (retail) plus MIT-linked technology ventures; (v) Foresight Capital — a central treasury and capital management platform; and (vi) Foresight Business Park — commercial real estate in London and Mumbai.

The Group generates revenue primarily through multi-year charter contracts in drilling and shipping (negotiated day rates with national oil companies, energy majors, and LPG traders), port handling fees (forward-looking, post-commissioning), equity returns from private equity portfolio companies, treasury management returns, and commercial real-estate leasing. The business is differentiated by an elite safety record (TRIR 0.09, LTIFR 0.00, 99.3% drilling uptime, 100% shipping uptime, 2.08 million man-hours without LTI), ISO 9001/14001/45001 certifications, founder Dr. Ravi K. Mehrotra's Honorary CBE from Queen Elizabeth II, and a 42-year operational track record. The Group reports serving Global Fortune 500 and multinational clients across India, the Middle East, Southeast Asia, West Africa, Europe, and the USA, with a stated centenary ambition of USD 50 billion revenue by 2084.

Ownership rests entirely with the RKM Family Trust, a perpetual irrevocable trust managed by independent professional trustees, enabling long-cycle capital deployment without public-market quarterly pressure. Strategic governance is exercised by a board combining family, executive, and independent directors with backgrounds at State Bank of India, Euronav, Lloyd's Register, ADNOC, and major oilfield services firms (Transocean, Schlumberger, Shell, BG Group). The Group's diversification across energy logistics, port infrastructure, and private equity — combined with Indian, Gulf, and European operating footprints — produces a portfolio whose revenue stability is anchored by long-term NOC contracts while upside is driven by the Bhavnagar Port build-out, VLGC fleet expansion, and MIT-sourced technology investments.

Name

Foresight Group

Legal name

Foresight Global Pte Ltd

Website

https://foresight-group.com

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Foresight Group is a privately held, family-trust-owned maritime and energy-logistics conglomerate founded in 1984, operating VLGC LPG shipping, offshore/onshore drilling rig charters, the Bhavnagar Port joint venture in India, private equity, treasury, and commercial real estate for global energy majors, NOCs, and LPG traders.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. Offshore & Onshore Drilling: Revenue is generated from charter contracts for jack-up rigs and land rigs deployed with major energy operators across India, the Middle East, Southeast Asia, and West Africa. The division holds long-term contracts with ONGC, ADNOC, and other national oil companies. Five jack-up rigs and one land rig are currently operational.
2. LPG Shipping (VLGC): Revenue is generated from long-haul LPG transportation contracts using a modern VLGC fleet. The Group aims to become one of the world's leading VLGC owners with a target of 25 modern VLGCs by 2034. Key customers include ADNOC, Petredec, Reliance, Indian Oil, Saudi Aramco, SHV, ExxonMobil, and Anglo American.
3. Bhavnagar Port: Revenue will be generated from port handling fees across containers, clean bulk, liquids, chemicals, Ro-Ro, and CNG terminal operations. The port is developed by Bhavnagar Port Infrastructure Pvt. Ltd. (BPIPL), a joint venture among Foresight Group, Padmanabh Mafatlal Group, and Boskalis. Construction commenced in H1 2025; Phase 1 spans 235 hectares.
4. Foresight Private Equity: Capital is deployed into real-economic businesses including footwear materials (GTFC), branded retail (Pavers England), and emerging technology ventures via MIT partnerships. Returns are generated through equity appreciation, dividends, and exits. GTFC employs 500+ semi-skilled workers and serves UK/European retailers.
5. Foresight Capital: The Group's central capital and treasury platform actively manages global money markets and financial instruments, operating as a strategic profit centre generating consistent returns and reinforcing long-term financial resilience.
6. Foresight Business Park: Commercial real estate platform spanning London (Foresight House) and Mumbai (ASM House, Global Capability Centre), with a 250,000 sq ft institutional-grade business park under development in Santacruz, Mumbai (scheduled by 2034). Revenue from leasing and asset appreciation.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Foresight Group is a diversified international conglomerate providing offshore and onshore drilling services through modern jack-up rigs and land rigs, global LPG transportation through a VLGC fleet, port infrastructure development via the Bhavnagar Port joint venture, private equity capital deployment into manufacturing and consumer brands, central treasury management, and commercial real estate. The Group sells long-term charter contracts, freight services, port handling capacity, equity capital, and managed financial services to global energy majors, national oil companies, LPG traders, industrial manufacturers, and government entities.

Product overview

Foresight Group is a diversified international conglomerate operating across multiple business segments: Offshore & Onshore Drilling (providing jack-up and land drilling rigs for energy exploration), LPG Shipping (operates a modern VLGC fleet of 7 vessels for global LPG transportation), Bhavnagar Port (next-generation multi-purpose smart port joint venture in Gujarat), Foresight Private Equity (invests in manufacturing and consumer brands including GTFC footwear materials and Pavers England), Foresight Capital (central treasury and capital management platform), and Foresight Business Park (commercial real estate in London and Mumbai). The company was founded in 1984 by Dr. Ravi K. Mehrotra and is registered in Singapore with operations spanning shipping, drilling, infrastructure, real estate, and private equity.

Differentiator

Problem solved

Functional benefit

Brands

• GTFC NXT: Proprietary range of footwear materials launched by GTFC
• Foresight House
• ASM House

Products and services

• Foresight Offshore & Onshore Drilling Provides offshore and onshore drilling services through modern jack-up rigs (Foresight Driller IX, Vivekanand 1/2/3, Aryabhatt 1) and a land rig (S103), serving national oil companies (ONGC, ADNOC, Oil India, QatarEnergy) and international energy majors across India, the Middle East, Southeast Asia, and West Africa.
• Foresight LPG Shipping Operates a modern VLGC (Very Large Gas Carrier) fleet (LPGC Jagannath, Badrinath, Kedarnath, Manasarovar, Vishwakarmaa, Sarv Shakti, Surya Veerya) for global LPG transportation, serving energy majors and LPG traders (ADNOC, Petredec, Reliance, Indian Oil, Saudi Aramco, ExxonMobil, SHV, Mercuria, Anglo American).
• Bhavnagar Port A next-generation multi-purpose smart port under development in Gujarat, India, co-promoted by Foresight Group, Padmanabh Mafatlal Group, and Boskalis. Will handle containers, clean bulk, liquids, chemicals, Ro-Ro, and the world's first CNG terminal, featuring one of the world's largest navigation lock systems (385 × 50 meters).
• Foresight Private Equity Partners with businesses across global markets through disciplined capital allocation and operational expertise. Key portfolio investments include GTFC (footwear materials manufacturer serving UK and European retailers) and Pavers England (footwear and fashion brand with 30+ airport stores in India), along with MIT-connected emerging technology ventures.
• Foresight Capital The Group's central capital and treasury platform actively managing global money markets and financial instruments, driving capital allocation, risk management, and liquidity strength while operating as a strategic profit centre generating consistent returns.
• Foresight Business Park Commercial real estate platform spanning London (Foresight House, City of London) and Mumbai (ASM House, Global Capability Centre), with a 250,000 sq ft institutional-grade business park under development in Santacruz, Mumbai (scheduled for 2034).

Quantifiable outcome

• TRIR 0.09 / LTIFR 0.00 — placing the Group among top performers in the global oil and gas industry
• +4 more outcomes

Named customers15 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core, major and minor.

• Gujarat Maritime BoardcoreOthers · 29 September 2025Gujarat Maritime Board granted the concession for developing Bhavnagar Port to Bhavnagar Port Infrastructure Pvt. Ltd. (BPIPL), a JV promoted by Foresight Group, Padmanabh Mafatlal Group, and Boskalis. PM Modi laid the foundation stone on 29 September 2025.
• PM Narendra Modi / Government of IndiacoreOthers · 29 September 2025PM Modi laid the foundation stone of Bhavnagar Port on 29 September 2025, declaring it a transformative step in India's port-led growth story. The government declared Bhavnagar a hub for turning the country's maritime potential into growth.
• MIT Maritime ConsortiumcoreStrategic or Co-development Partner · 9 April 2025Foresight Group joined the MIT Maritime Consortium in April 2025 — a global think tank uniting academia, industry, and regulators to develop advanced maritime technologies, industry standards, and policies while advancing sustainability in the maritime sector. The Group also partners with MIT through the Industrial Liaison Program and MIT Startup Exchange, connecting to frontier innovation and identifying transformative technology investments.
• CONCOR (Container Corporation of India)majorStrategic or Co-development Partner · 1 January 2025CONCOR (Container Corporation of India) signed a MoU with BPIPL to operate the container terminal at Bhavnagar Port, supporting India's container logistics and trade growth.
• Amer Maritime Training AcademyminorStrategic or Co-development Partner · 1 January 2001Established in 2001 by Dr. Mehrotra, Amer Maritime Training Academy gives underprivileged individuals an opportunity to have a career at sea. Mrs. Manju Mehrotra has been instrumental in supporting the academy in Kanpur, India.
• Massachusetts Institute of Technology (MIT)coreStrategic or Co-development PartnerForesight Private Equity partners with MIT through the Industrial Liaison Program and MIT Startup Exchange to identify and invest in next-generation technologies shaping future growth in energy, technology, logistics, and biomedical sectors worldwide.
• Padmanabh Mafatlal GroupcoreStrategic or Co-development PartnerPadmanabh Mafatlal Group (one of India's multi-generational industrial family businesses) co-promotes Bhavnagar Port Infrastructure Pvt. Ltd. alongside Foresight Group and Boskalis. United by a commitment to excellence, innovation, and sustainable development, the partnership aims to build world-class marine infrastructure that drives socio-economic growth in Gujarat's Saurashtra region.
• Boskalis (Netherlands)coreStrategic or Co-development PartnerBoskalis, a global maritime leader from the Netherlands, is a co-promoter of Bhavk Bhavnagar Port alongside Foresight Group and Padmanabh Mafatlal Group. Boskalis contributes its global maritime expertise to develop world-class marine infrastructure including one of the world's largest navigation lock systems.
• Boston University — R.K. Mehrotra Institute of Business, Markets and SocietycoreStrategic or Co-development PartnerForesight Group established an endowment at Boston University to create the R.K. Mehrotra Institute for Business & Society, dedicated to advancing research, dialogue, and education at the intersection of business, markets, and society. Dr. Mehrotra serves on the International Advisory Board of Boston University. The institute supports development of global leaders shaping future business and public policy.
• Indian Maritime University (Kolkata) — RK Mehrotra Centre of Maritime ExcellencecoreStrategic or Co-development PartnerRavi K. Mehrotra Centre of Excellence in Maritime was established at Indian Maritime University's Kolkata Campus through a generous endowment from Foresight Group and Dr. Ravi K. Mehrotra. The Centre is dedicated to advanced research, innovation, and training in the maritime sector and alternate fuels.
• Ekam FoundationminorStrategic or Co-development PartnerForesight Group partnered with Ekam Foundation, Mumbai, to support its Education Programme for underprivileged children as part of its CSR commitment, nurturing potential and contributing to a more inclusive future.
• Each One Teach One (Eoto India)minorStrategic or Co-development PartnerForesight Group supports Eoto India, Mumbai, to create opportunities for underprivileged children in India, enhancing the schooling experience of underprivileged children as part of its CSR commitment.
• GTFC (Gujarat Thermoset Fabricators Co.)coreStrategic or Co-development PartnerForesight Private Equity holds a flagship investment in GTFC, India's largest and fastest-growing manufacturer of footwear components and materials. GTFC operates a state-of-the-art manufacturing complex in Tamil Nadu, serving leading UK and European retailers. The company employs 500+ semi-skilled workers and has launched proprietary brand GTFC NXT.
• Pavers EnglandmajorStrategic or Co-development PartnerForesight Private Equity invested in Pavers England footwear and fashion accessories brand, which has expanded to 30+ airport stores across India in the affordable luxury segment. P. Ganesh has been Managing Director since April 2021, leading a strong post-pandemic revival.

Scale indicators17 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Shelf Drilling: Shelf Drilling is a pure-play jack-up drilling contractor operating in shallow-water basins including the Middle East, India, and Southeast Asia. Closely comparable to Foresight Offshore Drilling's 5 jack-up rigs serving ONGC, ADNOC and similar NOCs across the same geographies.
• Borr Drilling: Borr Drilling is a global jack-up drilling specialist with a fleet of premium rigs operating internationally. Bor Drilling's premium jack-up focus, NOC customer relationships, and geographic footprint mirror Foresight Offshore Drilling's jack-up operations.
• Seadrill: Seadrill operates a diversified offshore drilling fleet including jack-ups and deepwater units, serving IOCs and NOCs globally. Comparable to Foresight in offshore drilling customer mix and rig portfolio strategy, although Seadrill is larger and includes deepwater assets.
• Valaris Limited: Valaris is one of the largest offshore drilling contractors with a broad jack-up and floater fleet serving international energy operators. Directly comparable to Foresight Offshore Drilling in product offering and customer base.
• ADES International Holding: ADES International operates a large jack-up fleet concentrated in the Middle East, Africa, and India, primarily serving national oil companies. Closely comparable to Foresight's MENA/India jack-up deployment strategy and NOC customer concentration.
• BW LPG: BW LPG is the world's largest owner and operator of VLGCs transporting LPG globally. The most direct peer to Foresight Shipping's VLGC operations, with a comparable blue-chip customer base of LPG traders and NOCs.
• Dorian LPG: Dorian LPG is a pure-play VLGC owner operating a modern fleet under long-term time charters with international LPG customers. Directly comparable in vessel type, contract structure, and customer mix to Foresight Shipping.
• Avance Gas: Avance Gas operates one of the largest VLGC fleets globally on the spot and time-charter LPG market. Comparable in fleet strategy and customer types (energy majors, NOCs) to Foresight Shipping.
• Navigator Holdings: Navigator Holdings is a leading shipowner of handysize and larger gas carriers (LPG and petrochemicals) globally. Comparable in gas shipping operations and customer mix though with broader vessel-size portfolio than Foresight's VLGC focus.
• Cool Company (formerly HAFN): Cool Company owns and operates modern LPG and ethylene carriers on time charter to international energy majors and traders. Closely mirrors Foresight Shipping's VLGC time-charter business model with comparable customer types.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Foresight_Grp
• Facebookfacebook.com/ForesightGroup1984
• LinkedInlinkedin.com/company/foresight-group-services

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles25 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foresight Group