Increases its stake in Salem Steel NA, LLC to 100%
2013
2013
Develops new products Bi-Metallic Tubes, Bearing Spacers and Front-fork Tubes
2012
2012
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
2011
2011
Successfully raises 2170 Mn INR through its IPO and gets listed on BSE & NSE
Commencement of special profile tubes (Lemon Profile etc.)
2010
2010
Changes name to ‘Innoventive Industries Ltd.’
Commercializes tubes for Hydraulic cylinders and Rocker Shafts
2009
2009
Starts exports to USA and Europe
Conversion of the company into a Public Ltd. company
2008
2008
Increases stake in Sankalp Forgings from 26% to 51%
Receives ‘Mega Project’ status from Government of Maharashtra
2007
2007
Acquires 51% stake in Saicon Steels, engaged in cold rolled steel products manufacturing
Membrane panel strips gets approvals from prestigious companies like BHEL & Alstom
2006
2006
Acquires 26% in stake Sankalp Forgings making an entry into manufacturing for Oil and Gas sector
Successfully develops Membrane Panel Strips for Thermax Ltd.
2005
2005
The Company expands its product portfolio by commencing manufacturing of Auto components
2003
2003
With a small manufacturing facility, the company starts production of ERW and CDW tubes
