Futuristic Offshore Services and Chemicals was incorporated in 1988. The company has its manufacturing facilities in Tarapur and Thane district of Maharashtra with installed capacities of 12,000 million tonnes per annum (MTPA) of maleic anhydride, 3,300 million tonne (MT) of fumaric acid and 4,500 MT of tetra hydrophthalic anhydride.
In earlier years the company's net worth had been fully eroded, as a result of which it approached the Board of Industrial Financial Restricting (BIFR) seeking protection provided under the sick Industrial Company (Special Provisions) Act, 1985 and was suspended from the Bombay Stock Exchange (BSE) on account of non-compliance with listing agreement clauses.
The registered office of the company is situated at A1/A2, Gurudatt, CHS Ajitnagar, Near Jankalyan Bank, J.B. Nagar, Mumbai-400059.
Business area of the company
The company is engaged in the manufacturing of maleic anhydride.