It was established in the early 1970s and owns a shipyard having area of 10 hectares located on the left banks of the River Zuari in Goa, with a water frontage of more than 350 metres (1,150 ft) and is equipped with two slipways and one assembly bay with side launching facilities.
Timblo manufactures various type of inland vessels such as twin screw dry cargo barges, pontoons, dredgers, passenger launches, small floating jetties, etc.
Timblo also constructs ocean-going crafts and multi-purpose vessels of up to 8000 DWT and 118 metres (387 ft) LOA.
These also include, OSVs, PSVs, AHVs and various other specialised vessels.
It owns a floating dry dock on the southern banks of Dabhol creek in Maharashtra, with up to 200 acres (81 ha) of land and a 1.2 km (0.75 mi) water frontage.