Innoventive Industries Limited

Innoventive Industries Limited Overview

Company Headquarters: India

Founded: NA

Workforce: ~700

Company Working:

Innoventive Industries Limited is engaged in manufacturing tubes, sheets, and auto products. It offers products for applications in the automobile, boiler and heat exchanger, energy, oil, and general engineering industries. The company manufactures ERW steel tubes from mild and carbon steel alloys for automotive, power, and general engineering applications. It offers 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, and flux compensated magnetic amplifier (FCMA) electrical soft starters. The company provides its ERW tubing products through its subsidiary, Salem Steel, NA, LLC. In 2016, the company generated a revenue of USD 46.8 million.

Innoventive Industries Limited has major business operations in India and the US. Salem Steel, NA, LLC, Sankalp Engineering & Services Pvt. Ltd, and Innovative Technomics Pvt. Ltd are the subsidiaries of the company.

Strategy

Innoventive Industries Limited is concentrating on implementing various long-term measures to improve its product offerings and enhancing its customer base. For instance, it is focused on reducing its production costs while manufacturing value-added products. The company is working on several cost-cutting strategies such as improving cross-functional teams and enhancing the operational efficiencies and cost control measures at both its manufacturing plants.

Company Snapshot

700

Employees

India

Headquarters

SWOT Analysis

Strengths

Diverse range of products for applications in several sectors
Strong customer base in India

Weaknesses

Limited geographic presence

Opportunities

Investment in research and development for making manufacturing process more efficient

Threats

Currency rate fluctuation

Product Offering

Innoventive Industries Limited
- Carbon ERW tube

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