Corporate Milestones

Milestones
1972

Thakral Brothers Limited is incorporated in Osaka, Japan to facilitate the purchasing of textiles in Japan.

1986

First representative office is set up in Guangzhou, PRC.

1990

Thakral Corporation (HK) Limited is incorporated and it takes over Thakral Hong Kong's business in 1993.

1993

The Group establishes a representative office in Shanghai, PRC.

Thakral Corporation Singapore Pte Ltd is incorporated in Singapore and Mr Kartar Singh Thakral is appointed as its Executive Director.

1994

Thakral Corporation Singapore Pte Ltd is converted to a public company and undergoes name changes to Thakral Corporation Ltd ("the Company" and together with its subsidiaries, the “Group”).

1995

Mr Kartar Singh Thakral is appointed as the Chairman of the Board.

The Company is listed on the Mainboard of the Singapore Stock Exchange in the biggest listing of the year in Singapore, resulting in a market capitalization of over US$400 million (at the initial offer price).

2005

The Group shifts its operational headquarters in August to Shanghai from Hong Kong in order to be closer to its biggest market.

2010

The Group made its first real estate investment of A$2.75 million in October 2010 in a property project - Harbour One, Melbourne, Australia.

2011

A 51% owned subsidiary in Singapore, TCAP Pte Ltd is established for the purpose of acting as an intermediary and service entity which originates, negotiates and packages primarily real estate and incidental resource projects.

2012

Mr Natarajan Subramaniam is appointed as Non-Executive Chairman (Independent) of the Board on 1 January 2012. Mr Kartar Singh Thakral steps down as Executive Chairman on 1 January 2012 but continues as an Executive Director of the Company.

2013

Following a strategic review, the Group decides to shift the focus of its distribution business to beauty, wellness & lifestyle brands.

2014

Established Thakral Japan Properties Pte Ltd through which the Group acquires 2 commercial properties in Osaka, Japan’s second largest city – a start to building a portfolio of properties in Japan.

2015

Completion of merger of the investment division entities whereby the Group now holds 75% of Thakral Capital Holdings Pte Ltd.

2015

Established a JV with Living Gems to enter into the resort style retirement living business.

2015

A bespoke investment programme called the TCAP Australian Mezzanine Programme is established with Aberdeen Asset Management Asia Limited for investment in real estate projects in Australia.

2016

The Group expands its investment footprint in Japan by investing in a business hotel property, the Hotel Oaks Reaze Tsukamoto in Osaka, Japan.

2016

Establishment of GemLife brand name for resort style retirement living under the JV with Living Gems and launch of our first 2 resorts in Bribie Island and Highfields, both in Queensland, Australia.

2017

Contracted to sell Hong Kong warehouse property at HK$420 million giving an estimated profit of S$34 million.

The GemLife resort style retirement living business expands beyond Queensland to Victoria and New South Wales, bringing the total number of homes under the GemLife umbrella to more than 1,000.