CONSTITUTIONAL BACKGROUND

Madhya Pradesh Audhyogik Kendra Vikas Nigam (Indore) Limited, was incorporated as a Public Limited Company on 16th November ,1981 under the companies act, 1956 as a wholly owned subsidiary of Madhaya Pradesh Audyogik Vikas Nigam Ltd (MPAVN), now called MPSIDC.

MPSIDC is the state Industrial development corporation and is working as an apex organization for various industrial development and promotional activities in the state. The State Government has developed six corporations for specialised industrial activities relating to promotion and development of industrial estates, basic infrastructure facilities and for the regular maintenance, administration and management of such development.

MPAKVN (Indore) Ltd is one among the six. M.P. Audhyogik Kendra Vikas Nigam (Indore) Ltd. has its corporate head office at Indore and has developmental activities in surrounding districts of western Madhya Pradesh State.