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forbes & co ltd (502865) Details

Forbes & Company Limited engages in the engineering, real estate, and energy solution businesses in India and internationally. The company provides threading tools, including high speed steel taps and high performance taps, carbon steel taps, and high speed and carbon steel dies and die nuts; carbide tools, such as square and ball nose end mills and drills, and tungsten carbide rotary burrs; spring locked washers; marking systems; and drive steam turbine API/non API, power steam turbines, and integrated power solutions from turbine, generator, and synchronization panel. It also offers payment processing and transaction management solutions comprising bill payment services; retail automation; e-governance solutions; Forbes Xpress; self service automation; financial inclusion solutions; cheque processing solutions and services; and banking automation, as well as is involved in the real estate development activities. The company was founded in 1767 and is based in Mumbai, India. Forbes & Company Limited is a subsidiary of Shapoorji Pallonji and Company Private Limited.

Founded in 1767

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forbes & co ltd (502865) Key Developments

Forbes & Company Limited, Board Meeting, Oct 12, 2016

Forbes & Company Limited, Board Meeting, Oct 12, 2016. Agenda: To approve to sell its entire shareholding (50.001%) in Forbes Bumi Armada Offshore Limited to Shapoorji Pallonji OU and Gas Private Limited at a purchase price of INR 125.00 Million.

Forbes & Co. Shutters Container Shipping Unit in Singapore

Forbes Container Line Pte Ltd, is a subsidiary of Forbes and Co. Ltd. has quietly shut its business without returning containers leased to the company by five entities and settling outstanding dues of as much as $20 million. On 19 August, the high court of Singapore appointed liquidators after winding up the company on an application filed by Sea Consortium Pte Ltd, to recover SGD 148,172 for freight services rendered to Forbes Container Line between October 2015 and March 2016. Forbes Container Line, through its solicitors, disputed Sea Consortium's claims and said that it ‘(does) not agree with the quantum claimed’.

Forbes & Company Ltd Names Mr. Nirmal Jagawat as Chief Financial Officer, Effective from September 30, 2016

Forbes & Company Ltd. announced that the board of directors of the company have appointed Mr. Nirmal Jagawat as chief financial officer of the company with effect from September 30, 2016. He is currently employed as the general manager - finance and accounts in Shapoorji Pallonji Group.


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