SIMEC Group Ltd is a British international energy and natural resources business focused on resources, sustainable power, infrastructure, and commodities trading. It is part of the GFG Alliance, which is owned by members of the Gupta family.
History
The group was founded in 1996 by Parduman K. Gupta,[1] whose son, Sanjeev Gupta, had established Liberty House Group in 1992.[2]
In 2013, SIMEC Group refocused itself, mainly on sustainable power, mining, and infrastructure.[1]
In 2016 SIMEC had an annual turnover of almost USD2.5 billion and net assets of USD350 million. As of 2018 it was trading in 60 countries, with 200 locations.[3]