Formed by a group of Master Mariners from the Indian Shipping fraternity and acquired its first product tanker named M.T. Seven Islands
Converted to a public limited company to avail of government incentives
Acquired its second oil product tanker named M.T. Blossom
Sold M.T. Seven Islands
Acquired M.T. Twinkle and M.T. Crystal
Acquired M.T. Lourdes
Acquired the company's first MR tanker M.T. Triumph, making an aggregate of five vessels with a total deadweight capacity of 66,889 metric tons
Acquired M.T. Orchids
Acquired M.T. Prudent and sold M.T. Twinkle
Sold M.T. Triumph
Acquired M.T. Victory, M.T. Oaktree and M.T. Delight. Sold M.T. Blossom
Acquired M.T. Agility and sold M.T. Crystal
Received private equity investment from Wayzata Investment Partners. Acquired two Suezmax tankers - M.T. Saffron and M.T. Crimson, taking the total fleet count to nine. More than doubled net profit.
Received 'CRISIL A-/Stable/CRISIL A2+' rating from CRISIL Ratings - a division of Standard and Poor's. Acquired product tankers M.T. Windsor and M.T. Meadows and VLCC tanker M.T.Lavails. Crossed INR 1 billion in net profit. In same year, credit outlook revised to CRISIL A-/Positive by CRISIL Ratings. Sold M.T. Prudent
Acquired M.T. Seagull.
Acquired M.T. Loyalty, M.T. Elegant and M.T. Harmony. Sold M.T. Lourdes and M.T. Victory. Received the award for “The Indian Shipping Company with the Highest Growth of Indian Flag Vessels” at the 55th National Maritime Day celebrations.