The group consists of ‘Innoventive Industries Limited’ as the flagship company along with following key subsidiaries –
- Salem Steel, NA, LLC (New Jersey, USA)
- Sankalp Engineering & Services Pvt. Ltd.
- Innovative Technomics Pvt. Ltd.
Our key products include –
- Electrical Resistance Welded (ERW) Precision Tubes
- Cold Drawn Welded (CDW) Precision Tubes
- Drawn over Mandrel (DOM) tubes
- Bi-metallic tubes or Composite tubes
- Auto components
- Boiler fins / Membrane Strips
- Oil Field Components
- Flux Compensated Magnetic Amplifier (FCMA) Electrical Soft Starters
Innoventive Industries Limited
Innoventive Industries Limited, the flagship company of the Group was promoted by a group of first generation technocrat entrepreneurs led by Mr Chandu Chavan, the Chairman & Managing Director. With a modest beginning as a small unit for manufacturing ERW and CDW precision tubes, Innoventive Industries today owns five ‘state of the art’ manufacturing facilities located around Pune, India. Employing nearly 680 people, our plant at the village ‘Pimple Jagtap’ near Pune is recognized as a ‘Megaproject’ by Government of Maharashtra.
Despite upheavals and challenges in the steel manufacturing industry in the last decade, Innoventive Industries has maintained its growth trajectory by both organic and inorganic ways through continuous innovation in products and processes, enrichment of product portfolio, entering different markets and strategic acquisitions in India and in USA.
Our in-house R&D efforts led to a breakthrough innovation of our globally patented ‘Cold Pilgering’ process to make CDW / DOM tubes directly from ERW tubes without using draw bench. This process results in substantial savings in time, energy, costs and wastages and provides tubes with better surface finish‚ dimensional accuracy and strength. Innoventive Industries Limited takes pride in being the only company in the world that manufactures and markets Cold Pilgered Precision Welded tubes. Innoventive is a preferred source of ERW and CDW / DOM precision tubes to leading automotive companies in India and abroad.
Another breakthrough innovation led us to the capability of manufacturing narrow width boiler fins that are used in the power industry. We cater to the requirements of all the major global boiler manufacturers. Our Auto division is the single source of components to world’s leading two/three/four wheeler automobile manufacturers.
Our continuous focus and thrust on innovation and cost efficient R&D has led to the development of niche products that differentiates us by giving a competitive edge over our peers.
Innoventive Industries Limited has three Divisions: Tube Division, Strips Division and Auto Division