Milestones
1972Thakral Brothers Limited is incorporated in Osaka, Japan to facilitate the purchasing of textiles in Japan. |
1986First representative office is set up in Guangzhou, PRC. |
1990Thakral Corporation (HK) Limited is incorporated and it takes over Thakral Hong Kong's business in 1993. |
1993The 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. |
1994Thakral 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”). |
1995Mr 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). |
2005The Group shifts its operational headquarters in August to Shanghai from Hong Kong in order to be closer to its biggest market. |
2010The Group made its first real estate investment of A$2.75 million in October 2010 in a property project - Harbour One, Melbourne, Australia. |
2011A 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. |
2012Mr 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. |
2013Following a strategic review, the Group decides to shift the focus of its distribution business to beauty, wellness & lifestyle brands. |
2014Established 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. |
2015Completion of merger of the investment division entities whereby the Group now holds 75% of Thakral Capital Holdings Pte Ltd. |
2015Established a JV with Living Gems to enter into the resort style retirement living business. |
2015A 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. |
2016The Group expands its investment footprint in Japan by investing in a business hotel property, the Hotel Oaks Reaze Tsukamoto in Osaka, Japan. |
2016Establishment 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. |
2017Contracted 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. |
2018GemLife’s over-50s lifestyle resorts reached a milestone of 5 resorts with more than 1,200 homes to be built throughout the east coast of Australia. Investment and commitment of capital in excess of A$380 million into real estate projects with an end value surpassing A$3 billion in Australia. |
2019Japan investment properties portfolio in Osaka grew to 7 office buildings and 3 hotels. |
2020GemLife reaches another milestone of 10 over-50s lifestyle resorts with more than 2,800 homes in various development stages across the eastern seaboard of Australia. Investment and commitment of capital in excess of A$490 million into real estate projects with an end value surpassing A$5 billion in Australia. |
2023Completed internal restructuring to hold direct interest of 31.7% in the GemLife over-50s lifestyle resorts in Australia. Completed acquisition of Thakral Innovation Pvt Ltd in India as part of expanding the Group’s footprint in South Asia. |
2024Mr Lim Swe Guan is appointed as Non-Executive Chairman (Independent) of the Board as Mr Natarajan Subramaniam retired as Non- Executive Chairman (Independent) of the Board on 26 April 2024. |