About Innoventive Industries
Innoventive Industries is a publicly listed company based in Pune (India) founded in 2002. Manufacturer and supplier of precision tubes to tier 1 companies. Innoventive Industries has completed 1 acquisition, including Salem Steel. Its Indian entity Innoventive Industries Limited reported revenue of ₹339 Cr. Innoventive Industries offers products and services including Tubes, Motor Vehicle Components, Membrane Strips, and Oil and Gas Components. Its focus areas include Auto, Auto Components, Sheet Metal and Fabrication Parts. Similar companies include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.
Company details
Innoventive Industries was established in 2002 in Pune, India, within the automotive components sector. Auto parts for two-wheelers and three-wheelers are manufactured, supplied, and exported to tier 1 clients. Components produced include swing arm assemblies, main stands, side stands, main foot steps, pillion foot steps, engine mounting brackets, headlamp mounting brackets, brace fenders, guide kicks, and trailing arm assemblies. Key customers served are Bajaj and Volkswagen.
- Headquarters Pune, India
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website innoventive.in
- Social LinkedIn Facebook
- Legal Name Innoventive Industries Limited
- Date of Incorporation 22 Aug, 1991
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹339 Cr
FY 2016 · -1% YoY
- Net Loss-₹207 Cr
FY 2016 · -43% margin
- EBITDA₹4.10 Cr
FY 2016 · 1% margin
- Investments & Acquisitions
Associated legal entities of Innoventive Industries
Innoventive Industries is associated with 2 registered companies on The Company Check; the primary company is Innoventive Industries Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innoventive Industries Limited Listed CIN L29309PN1991PLC063045 | Under Liquidation | 22 Aug 1991 | Pune, Maharashtra | ₹339 Cr | 242 | 4 | View details |
| Innoventive Venture Limited Listed CIN L67190PN1985PLC142555 | Active | 23 Jul 1985 | Pune, Maharashtra | 3 | View details |
Products & Services of Innoventive Industries
Innoventive Industries offers a comprehensive portfolio of products and services, including Tubes, Motor Vehicle Components, Membrane Strips, and Oil and Gas Components.
Produces precision tubes meeting standards like ASTM 513.
Manufactures press-fabricated automobile parts and assemblies.
Supplies membrane strips for various industrial applications.
Creates components for oil, gas, and petrochemical industries.
Board of directors of Innoventive Industries Limited (Innoventive Industries)
Innoventive Industries Limited is the primary company behind Innoventive Industries. The boards of the 2 registered companies of Innoventive Industries currently have 6 directors; the longest-serving is Chandu Laxman Chavan, appointed in 2002. 32 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Chandu Laxman Chavan DIN 00035213 | Managing Director | 05 Mar 2002 | 24 yrs 8 mo | Innoventive Industries Limited |
| Ramprasad Savlaram Joshi DIN 02682144 | Director | 10 Aug 2010 | 16 yrs 2 mo | Innoventive Venture Limited |
| Pradeep Vasantrao Tupe DIN 02968390 | Director | 10 Aug 2010 | 16 yrs 2 mo | Innoventive Venture Limited |
| Pournima Popatlal Gadiya DIN 06941211 | Director | 14 Nov 2014 | 11 yrs 11 mo | Innoventive Industries Limited, Innoventive Venture Limited |
| Rajendra Kundlik Gaikwad DIN 06791356 | Director | 08 Feb 2016 | 10 yrs 9 mo | Innoventive Industries Limited |
| Rupesh Ashokrao Kuche DIN 07952178 | Company Secretary | 25 Apr 2017 | 9 yrs 6 mo | Innoventive Industries Limited |
People of Innoventive Industries
6 people are tracked at Innoventive Industries (3 in leadership, 3 in board & advisors).
| Name | Role | Group |
|---|---|---|
Vinaykumar Kate | Director, Marketing & Global Business Development | Leadership |
Avinash Adige | CEO | Leadership |
Ravindra Chavan | Director, Human Resources & Administration | Leadership |
Ravindra W Katre | Director | Board & advisors |
| Independent Director | Board & advisors | |
| Independent Director | Board & advisors |
Complete people profiles for Innoventive Industries
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Financials of Innoventive Industries
Figures of Innoventive Industries Limited, the primary company behind Innoventive Industries, for FY 2016. Revenue was ₹339 Cr (-1% year on year). Net loss was -₹207 Cr (-43% margin). EBITDA was ₹4.10 Cr (1% margin). Revenue has grown at a compounded annual rate of -18% over three years and -7% over five years.
- ₹339 CrRevenue · FY 2016 · -1% YoY
- -₹207 CrNet loss · -43% margin
- ₹4.10 CrEBITDA · 1% margin
- ₹59.64 CrPaid-up capital
- 242Employees (provident fund records)
- -18%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Innoventive Industries Limited are on its company page.
Detailed financial statements for Innoventive Industries
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Investments & Acquisitions by Innoventive Industries
Innoventive Industries has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Salem Steel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Distributor & importer of cold drawn seamless and welded precision tubing | salemsteel.com | Paramus, United States | 1994 | Jan 2012 | $4.67M |
Complete acquisition details for Innoventive Industries
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Timeline of Innoventive Industries
3 dated milestones of Innoventive Industries across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Innoventive Industries is founded.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Salem Steel.
Similar companies to Innoventive Industries
Innoventive Industries has 3 listed similar companies in our database. They include Maini Precision Products, Ramkrishna Forgings and Bharat Forge.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mainiprecisionproducts.com | 1973 | Bengaluru, India | 1,445 | Manufacturer & supplier of precision products and assemblies | ||
| ramkrishnaforgings.com | 1981 | Kolkata, India | 2,653 | Ramkrishna Forgings is engaged in metal forming and manufacturing. | ||
| bharatforge.com | 1961 | Pune, India | 4,132 | Technology-enabled automotive tools, forging, and machining materials are manufactured. |
Detailed similar companies of Innoventive Industries
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Web traffic of Innoventive Industries
The website of Innoventive Industries (innoventive.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▼ 13.4% vs previous month
Websites whose visitors overlap most with Innoventive Industries. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gartech.co.in | 100% | 14.2K | #1,167,668 | View details |
Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Innoventive Industries (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 24.41 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Innoventive Industries
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Frequently Asked Questions about Innoventive Industries
Innoventive Industries was founded in 2002.
Innoventive Industries is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
The primary company behind Innoventive Industries, Innoventive Industries Limited, reported revenue of ₹339 Cr for FY 2016, down 1% year on year.
Innoventive Industries was established in 2002 in Pune, India, within the automotive components sector. Auto parts for two-wheelers and three-wheelers are manufactured, supplied, and exported to tier 1 clients. Components produced include swing arm assemblies, main stands, side stands, main foot steps, pillion foot steps, engine mounting brackets, headlamp mounting brackets, brace fenders, guide kicks, and trailing arm assemblies. Key customers served are Bajaj and Volkswagen.
Innoventive Industries's top competitors include Bharat Forge, Maini Precision Products and Ramkrishna Forgings.
Innoventive Industries offers Tubes, Motor Vehicle Components, Membrane Strips, and Oil and Gas Components.
Innoventive Industries has made 1 acquisition, including Salem Steel.
Innoventive Industries is associated with 2 legal entities: Innoventive Industries Limited, Innoventive Venture Limited.
The legal entities of Innoventive Industries currently have 6 directors, including Chandu Laxman Chavan, Rupesh Ashokrao Kuche, Rajendra Kundlik Gaikwad and others.