Promoted by Nayankumar T Vaishnav, Divyanshu T Vaishnav and Apurva R Hathi, Asean Industrial Structures was incorporated as a public limited company in Mar.'94. The company proposes to set up infrastructure projects in joint ventures in selected areas of express ways, telecom, power, industrial parks, ports, etc, and also to implement the infrastructure projects on turnkey basis. It also proposes to export infrastructure project engineering and provide resources to joint ventures in the form of construction machinery and equipment to execute small low gestation projects expeditiously. To execute its business plans, it has formed three divisions -- special infrastructure group; infrastructure project engineering export group and projects construction group. A technical knowhow agreement has been signed by the company with Parax Development Corporation, US. The company came out with a public issue of 1.75 cr equity shares at a premium of Rs 2.50 per share aggregating Rs 18.55 cr in Jan.'96, to part-finance its projects.