Greaves Cotton Middle East (FZC), a step down subsidiary of Greaves Cotton, which was registered at Sharjah Airport International, UAE, has been liquidated. During the year 2016-17, Greaves Cotton Middle East (FZC) recorded total revenue of Rs 0.34 crore and loss of Rs 0.24 crore. The liquidation/closure of Greaves Cotton Middle East (FZC) would reduce the expenditures and also the compliance obligations.
Greaves Cotton, a Rs 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel/ petrol engines, farm equipment and Gensets.