Welcome to Tulshyan Group

Tulshyan Group was set up by Mr. Rakesh Shankarlal Tulshyan in 1983. It is a conglomerate with four major businesses; ship recycling, chartering of owned assets, aircraft leasing and leasing of owned commercial properties. The Group  is headquartered in Singapore with a global presence. With a combined experience of over 30 years in the Ship recycling Industry The Group  has maintained strong relationships with many clients which includes Vistara, ADNOC, Chevron, Femco, Navoil, Noble, Automarine, Adnoc, Chevron, Petronas, Wellard, ONGC etc.

The Group started its operations with ship recycling business and emerged as one of the pre-eminent buyers and sellers of scrap vessels. Thereafter, The Group forayed into the ship owning and chartering business and established several companies to own and charter assets on a long term basis. The Group also has considerable ownership of commercial properties worldwide; both through partnerships and independently; which are leased to well-known hotel management firms. The Group has a young fleet of aircrafts on long leases to Indian carriers.

Business build around owning & leasing physical assets covering the three dimensions of land, water and sky

Flexibility and ability to serve international markets across all key business segments

01

Ship Recycling

We started our journey in the ship recycling business. 35 years of experience has lead us develop specialized expertise. We are now within the top three players globally in ship demolition and recycling.

Ship recycling is the flagship entity of The Group, under the banner WIRANA. We are one of the largest vessel cash buyers and negotiates between 100-150 vessels annually. We have bought and sold over 2200 vessels with more than 75 MDWT perhaps producing industry records.Real estate arm of The Group has been have been involved in property investment and development activities. 

As Tulshyan Group grew, we diversified into other sectors: Aviation, Real-estate, Ship Owning and Ship Chartering.

02

Marine & Offshore

We have been purchasing and chartering ships since 2010 with the establishment of Sameer Ships. Today, Tulshyan Group’s diverse fleet of over 25 vessels services multiple segments of the offshore oil and gas value chain. We have earned our reputation as a best-in-class service through operational excellence, teamwork, integrity, accountability and a focus on safety and the market.

Despite turbulent shipping markets, the company has had immense success with all of its vessels on short or long-term contracts.

03

Rig

Rig Somnath is a LeTourneau (US) Super 116E design jack up rig equipped with state-of-the-art technology. The rig was built by Bharti Shipyard in India and is being commissioned at NKOM (Nakilat Keppel Offshore), a world class shipyard in Qatar. The rig is registered under the Marshall Islands registry.

04

Real Estate

The Group invests in diversified commercial properties, covering a strong portfolio across the globe. The real estate portfolio includes premium commercial and hotel properties, acquired both through partnerships and independently. Majority of the properties have an underlying long-term lease in place, and are operated by major international hotel operators. The Group is always on the lookout for more investment opportunities in this sector.

05

Aviation

Tulshyan group ventured into aviation in 2016 with the acquisition of three aircrafts, including two Boeing 737s. These aircrafts are operated by Vistara, a leading Indian airline.

Our aviation unit is engaged in the business of aircraft leasing.  Our strategy is to acquire pre-leased aircrafts from global leasing companies’ with a focus on young fleet of aircrafts like B737s and A320s. Our main focus is on high growth markets like India, Indonesia, Thailand and Philippines.

Our Vision

  • To be the preferred partner and service provider across the globe in ship-chartering, ship-recycling, real estate and aviation.
  • To be responsible global citizens who care for the environment and work towards reducing our carbon footprint.

Our Mission

  • To continue growing our business globally, achieving greater heights every year. 
  • To acquire green assets within the Oil & Gas, Real estate and Aviation sectors.
  • To achieve sustained growth through expansion and diversification of our portfolio.
  • To expand our business strategically through  partnerships and joint ventures.

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