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To outline its history, in 1958, ICB (Industrial Consulting Bureau), an Engineering Company, was founded by Kapadia family. In 1996, Tecnimont S.p.A. Italy, one of the leading EPC companies in Europe acquired 50% equity and the company was re-christened as Tecnimont ICB Pvt. Ltd. By 2007, Tecnimont acquired balance 50% equity and the company became a fully owned subsidiary of Maire Tecnimont.
Today, Tecnimont ICB (TICB) is a 100% subsidiary of Italy 's Tecnimont S.p.A., a Maire Tecnimont Group company.