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The Company is registered under the name and style of M/s Andhra Pradesh Industrial and Technical Consultancy Organisation Limited in 1976 promoted jointly by all-India Financial Institutions (IDBI, IFCI, ICICI), State Industry Development Corporations (APIDC, APSFC) and Commercial Banks (Andhra Bank, Indian Bank, State Bank of India, Syndicate Bank).

Name of the company was changed from M/s Andhra Pradesh Industrial and Technical Consultancy Organisation Limited to APITCO Ltd in the year 2001. Since the company has expanded its operations to other states in India and abroad.

The share holding has undergone changes and currently SIDBI is the major shareholder of the Company after taking over the share holding of IDBI. Apart from the institutional shareholders, Company has issued Employee Stock Option and some of the employees of the Company are also the shareholders of the Company.