A journey of excellence began in 1996.  Mr. Asim Chandra established a company Comtech Services.The company was re-named as Anwesha Comtech Engineering Pvt. Ltd. (ACEPL) in 1998. Since then it was growing faster and strengthened its position as a reputed construction company in India market.

Anwesha Comtech Engineering Pvt. Ltd. (ACEPL) was acquired by IOT Infrastructure and Energy Services Limited (IOTIES), a 50:50 JV between IOCL (India) and Oiltanking GmBH (Germany) in the year 2008. ACEPL was re-named as Anwesha Engineering & Projects Limited after the acquisition.