Teerth Gopicon Ltd - Stock Valuation and Financial Performance

The company was originally incorporated as ‘Teerth Gopicon Private Limited’, at Ahmedabad as a private limited company registered under the provisions of Companies Act, 2013 vide Certificate of Incorporation dated October 10, 2019 bearing Corporate Identification Number issued by the Registrar of Companies, Central Registration Centre. Thereafter, the company was converted into a public limited Company pursuant to a special resolution passed by its shareholders at the EGM held on July 31, 2021 and consequently the name of the company was changed to ‘Teerth Gopicon Limited’ and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated August 05, 2021.

The company is an engineering construction and development company engaged primarily in the construction of roads, sewerage work and water distribution work in the Madhya Pradesh. It has also worked as sub-contractor and constructed residential tower in the city of Indore. 

The company has taken up various work as a registered Civil contractor of various Central/State Government like ISCDL, IMC, USCL, UMC, MPJNM etc. and also executed building works for private sector. The company has executed wide range of civil engineering projects like building construction work, water supply, pipeline, sewerage network, sewerage treatment plant, nalla tapping work, Re-use network, Over Head Tanks, GSR, Road work, Rejuvenation of Lake etc. As an EPC contractor, the scope of its services includes detailed engineering of the project, procurement of construction materials, plant and machinery, construction and execution of the project and its operation and maintenance in accordance with the contractual provisions. Its manpower, resources and fleet of machinery and equipment, together with its engineering capabilities, enables it to execute a large number of projects simultaneously. Its resource, quality of work and project execution skills have enabled it to enhance its relationships with existing clients and helps it to further secure projects from new clients.

Business area of the company

The company is engaged in the business of road construction, sewerage and water supply in Madhya Pradesh. The company has also provided services as a subcontractor and built a residential tower in the city of Indore. 

Key Awards, Accreditations or Recognition

• The company has won 10th & 12th Quality Mark Award in the year 2021 and 2023 respectively in the Real Estate- Commercial & Residential Category given by Quality mark trust. Quality Mark Award is given to recognize the deserving candidate, group, Organization and institute across the country on various parameters and from diverse categories, and acknowledge their contribution in the growth of the society and MSME sector.
• The company received appreciation award by ‘Minister of MP’ and ‘Indore Collector’ on January 26, 2021 for execution of Commendable Contribution in work for Swachhta Survekshan, Water Plus 7-star rating in Survekshan of Indore for Indore Municipal Corporation in record time.
• ISO Certificate: the company is an ISO 9001:2015 certified company and also Registered as ‘A’ class civil and Electrical Contractor and has taken up various Projects of Government Department. The company has been certified as ISO 14001:2015 and ISO 45001:2018 for environmental Management System respectively for occupation health and Management system for project management, Engineering and design, procurement, Construction and maintenance of commercial, residential and infrastructure.