Tebma was incorporated in 1984 and commenced operations in 1987. It has shipyards at Malpe in Karnataka, Kochi in Kerala and Chengalpet in Tamil Nadu.[1] On 24 November 2010, Bharati Shipyard acquired a 51 per cent stake in the Tebma Shipyards for a price of ₹757.5 million (US$9 million) through a fresh issue of capital at a price of Rs 19.20 per share (face value of Rs 10). Tebma in 2011 signed a deal with Vosta LMG, one of the world's largest dredging technology firm, to build dredgers.[2] In 2015, it delivered Dredger 1; the 1st dredger for exclusive use by Indian Navy[3]
The yard is acquired by Cochin Shipyard Limited, Kochi in 2021