Timeline

Increases its stake in Salem Steel NA, LLC to 100%

Develops new products Bi-Metallic Tubes, Bearing Spacers and Front-fork Tubes

Acquires stake in US based Salem Steel North America, LLC, and establishes strong footprints in the global market Successfully gets its patent on 'Cold Pilgering' technology granted Acquires 51% stake in Innovative Technomics Pvt. Ltd (ITPL), an industry leader in FCMA electric soft starters, catering to the domestic and international markets

Successfully raises 2170 Mn INR through its IPO and gets listed on BSE & NSE Commencement of special profile tubes (Lemon Profile etc.)  

Changes name to ‘Innoventive Industries Ltd.’ Commercializes tubes for Hydraulic cylinders and Rocker Shafts

Starts exports to USA and Europe Conversion of the company into a Public Ltd. company

Increases stake in Sankalp Forgings from 26% to 51% Receives ‘Mega Project’ status from Government of Maharashtra

Acquires 51% stake in Saicon Steels, engaged in cold rolled steel products manufacturing Membrane panel strips gets approvals from prestigious companies like BHEL & Alstom

Acquires 26% in stake Sankalp Forgings making an entry into manufacturing for Oil and Gas sector Successfully develops Membrane Panel Strips for Thermax Ltd.

The Company expands its product portfolio by commencing manufacturing of Auto components