Shapoorji Pallonji group merges manufacturing arm of Eureka Forbes
Shapoorji Pallonji group has merged the manufacturing arm of Eureka Forbes, a market leader in water purifier and vacuum cleaning business, with the latter to improve the weak financial health of the business.
Eureka Forbes, an unlisted entity is a wholly owned subsidiary of Forbes and Co, one of the oldest companies of the world, having set up in 1767, now held by Shapoorji Pallonji group. Image Source: Reuters