Tankup Engineers Ltd - Stock Valuation and Financial Performance

Tankup Engineers Limited was originally incorporated as a Private Limited Company under the name ‘Tankup Engineers Private Limited’ on November 03, 2020 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Central. Further, Fresh Certificate of Incorporation dated August 25, 2023 issued by the Registrar of Companies, Kanpur, consequent upon change in the object of the company. Subsequently, the company was converted into a Public Limited Company vide Special Resolution passed by the Shareholders at the Extraordinary General Meeting, held on April 23, 2024 and consequently the name of the company was changed from ‘Tankup Engineers Private Limited’ to ‘Tankup Engineers Limited’ vide a fresh certificate of incorporation dated July 24, 2024, issued by the Assistant Registrar of Companies.

Tankup Engineers is engaged in the business of manufacturing specialised vehicle superstructure for complex mobility and storage solutions of various capacities. This involves manufacturing large containers or tank like solutions used for transporting/ storing various materials, which could include liquids, gases or solids, depending on customer product range. These tanks may be custom-built to meet specific client requirements regarding size, material, capacity, and features. It caters to a broad spectrum of end-use industries like: Petroleum, Mining, Infrastructure, Defence etc. The company’s manufacturing activity involves focus on fabrication of tanks dedicated to delivering mobile solutions that may be deployed for a wide range of commercial use. For example, the company manufactures various types of tanks like: Mobile Refueller, Water Sprinkler, Mobile Service Van, Explosive Van, Tank Truck, Blasting Shelter etc. Its diversified range of product applications has helped it to evolve as manufacturer of special purpose vehicle with superstructures to address complex mobility and storage solutions required by its customers.

The company’s focus on mobile solutions is intended to provide convenient solutions for transporting and dispensing goods like: fuel, water, other consumables in complex applications. These mobile tanks facilitate transportation from a storage facility to a remote site. Its tanks are mainly designed to cater to locations where access to products like: fuel, water, explosives is limited, such as construction sites, mining operations or remote industrial facilities. They serve as a backup during emergencies or in areas prone to power outages or disruptions in supply, ensuring continuity of operations. It manufactures these tanks in various sizes and configurations to suit different needs of customers, from smaller units mounted on trailers or skids to larger capacities for heavy-duty applications.

Business area of the company

The company is engaged in the business of manufacturing specialised vehicle superstructure for complex mobility and storage solutions of various capacities.

Products of the company

• Refueller
• Water sprinkler
• Mobile service van
• Explosive van
• Tank truck
• Blasting shelter
• Ground support equipment - airport baggage trolley

History and milestones 

• 2021: Incorporated as a Private Limited Company in the name and style of ‘Tankup Engineers Private Limited’
• 2022: Recognized as approved fabricator of Tank Trucks/Bouser/Refuller for fabrication by Ministry of Commerce & Industry Petroleum & Explosives Safety Organisation (PESO)
• 2022: Accredited with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certification
• 2023: Designed its super structured vehicles to cater the Aviation Sector and Defense Sector
• 2024: Conversion of the company from Private Limited to Public Limited. As a consequence of such conversion, the name of the company was changed from ‘Tankup Engineers Private Limited’ to ‘Tankup Engineers Limited’.