Labh Construction and Industries Ltd., was incorporated on 18 Jan.'89. The company was promoted by H Vaghela, Jayprakash Mangtani and others. Engaged in residential construction and real estate development in Ahmedabad, Labh Construction is expanding its activities to other parts of Gujarat and is also making a foray into the lucrative Bombay market. The company came out with a public issue (premium : Rs 25 for the public; Rs 35 for NRIs, OCBs and FIs) in Mar.'95 to part-finance the modernisation of its construction technology by setting up a state-of-the-art, ready mix concrete plant, ultra modern plastering machine and other balancing machine and for providing for long-term working capital requirements. Over a period of time, the company has developed a strong customer base comprising both corporate as well as non-corporate clients. The corporate clients include reputed companies like Reliance, Apple Industries, State Bank of Saurashtra, State Bank of Travancore, etc. The company is going to modernise its construction activities by acquiring Concrete Block Making Plant from U.S.A. It has also diversified into health care products with the alliance of Gujarat Surgico Ltd.