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Eureka Forbes was founded in 1982 as a 60:40 joint venture between Tata Group's Forbes & Company and Swedish manufacturer Electrolux. In 2001, Tata Group sold Forbes & Company to Shapoorji Pallonji Group and, four years later, Electrolux sold its 40% stake in Eureka Forbes to Forbes & Company. [3]
In the early 2000s Forbes Marshall entered into a joint venture with Codel International, UK. Codel is now a Forbes Marshall company. [8] Forbes Vyncke, a joint venture company for manufacture of biomass boilers was formed with Vyncke, Belgium in 2009. [9] The company set up a new manufacturing plant at Chakan, Pune in 2013. [10] [11]
Pune: 1989 Engineering & design, IT services, part of Tata Sons: P A Tech Mahindra: Industrials Business support services Pune: 1986 Consulting, BPO P A Tega Industries Ltd. Industrials Machinery: construction & handling Kolkata: 1976 Mining equipment & handling machinery P A Terumo Penpol: Health care Medical equipment Thiruvananthapuram: 1987
In 2021–2022, Shapoorji Pallonji Group demerged Eureka Forbes from Forbes & Company Ltd and sold its entire stake in Eureka Forbes to Advent International. [ 26 ] [ 27 ] By 2024, Shapoorji Pallonji's stake in Sterling & Wilson Solar had reduced to 6.95% from 65.77% in 2019.
The company was founded by J. R. D. Tata to create a complete consortium that would take on projects, Division of Tata Sons for engineering procurement and construction projects.
Forbes & Company Limited, the erstwhile Forbes Gokak Limited, is an Indian engineering, shipping and logistics company based in Mumbai. It was established in that city in 1767 by John Forbes of Aberdeenshire , Scotland, a descendant of an ancient family of Lord Forbes of Pitsligo . [ 2 ]
The trade tower measuring 480,000 sq. ft. area comprising for offices. The Marriott Hotel and Convention Centre have 418 rooms. The S. L. Kirloskar convention measures 40,000 sq. ft. area and is used for meeting and exhibition which can accommodate up to 1800 people and is located in Pune Marriott Hotel and Convention Centre.
Pimpri-Chinchwad, also known as PCMC, is a city in the Indian state of Maharashtra.The city is about 15 km (9.3 mi) northwest of the historic city of Pune, at an altitude of 590 m (1,940 ft) above sea level.