INOX India Limited isn’t just a company; it’s a cornerstone of the cryogenic equipment ecosystem. Its roots in the INOX Group provide it with a strong foundation, while its focus on research and development keeps it ahead of the curve. The company employs hundreds of skilled professionals, from engineers to sales experts, all working together to deliver solutions that power industries like steel manufacturing, chemical processing, and medical gas supply. Its Vadodara headquarters serves as a hub of innovation, housing state-of-the-art facilities that produce equipment used worldwide.
Company Profile: Who is INOX India Limited?
INOX India Limited is a premier manufacturer and supplier of cryogenic equipment, renowned for its high-quality solutions that cater to industries such as industrial gases, energy, healthcare, and more. Headquartered in Vadodara, Gujarat, India, the company is part of the prestigious INOX Group, a conglomerate with a legacy of excellence. INOX India Limited specializes in designing, manufacturing, and installing cryogenic tanks, vaporizers, and systems that ensure the safe storage and transportation of liquefied gases.
The company’s global reach isn’t just a tagline—it’s a reality. With clients spanning continents, INOX India Limited has tailored its offerings to meet the unique regulatory and operational needs of different regions. This adaptability, combined with a relentless pursuit of quality, makes it a go-to partner for businesses seeking reliable cryogenic solutions.
Key Highlights
- Industry: Cryogenic Equipment Manufacturing
- Headquarters: Vadodara, Gujarat, India
- Website: www.inoxcva.com
- Core Expertise: Cryogenic tanks, vaporizers, and gas handling systems
- Global Reach: Serving clients across multiple continents
The company’s commitment to innovation, sustainability, and customer satisfaction has solidified its position as a trusted name in the cryogenic sector. With a focus on delivering reliable and efficient equipment, INOX India Limited continues to set industry benchmarks.
Company History: A Legacy of Growth and Innovation
INOX India Limited’s story is one of resilience, innovation, and steady growth. Founded as part of the INOX Group, the company emerged with a vision to address the growing demand for cryogenic technology in India and beyond. Over the decades, it has evolved from a domestic player into a global leader, adapting to technological advancements and market needs.
Key Milestones
- Establishment: Launched with a mission to provide advanced cryogenic solutions.
- Early Growth: Expanded manufacturing facilities to meet rising industrial demand.
- Global Expansion: Entered international markets, establishing a presence in Europe, South America, and beyond.
- Technological Advancements: Pioneered innovations in cryogenic tank design and vaporization systems.
- Sustainability Focus: Integrated eco-friendly practices into its operations.
This journey reflects INOX India Limited’s ability to innovate and scale while staying true to its core values. Its history is a testament to its adaptability and dedication to excellence, making it a standout in the cryogenic equipment landscape.
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The origins of INOX India Limited trace back to the industrial boom in India, when the need for advanced storage and transportation solutions became apparent. The INOX Group, already a name in industrial gases and entertainment, saw an opportunity to diversify into cryogenic equipment. What started as a modest operation has grown into a sprawling enterprise, with manufacturing plants equipped with the latest technology.
Over the years, the company has weathered economic shifts, technological disruptions, and competitive pressures. Its expansion into international markets wasn’t without challenges—navigating trade regulations, currency fluctuations, and cultural differences required strategic foresight. Yet, INOX India Limited turned these hurdles into opportunities, building a reputation for resilience and reliability.
Innovation has been a constant theme. From early designs of cryogenic tanks to modern vaporization systems, the company has consistently pushed boundaries. Its sustainability efforts, such as reducing energy consumption in manufacturing, reflect a forward-thinking approach that resonates with today’s eco-conscious market.
Products and Services: Cutting-Edge Cryogenic Solutions
INOX India Limited offers an extensive range of products and services designed to meet the diverse needs of its clients. From industrial gas storage to healthcare applications, the company’s offerings are engineered for efficiency, safety, and reliability.
Product Portfolio
- Cryogenic Tanks: Built for storing and transporting liquefied gases like oxygen, nitrogen, argon, and LNG. These tanks are designed to withstand extreme temperatures and pressures.
- Vaporizers: High-performance equipment that converts liquefied gases into usable gaseous forms, critical for industrial processes.
- Cryogenic Systems: End-to-end solutions, including pipelines, valves, and distribution networks for seamless gas handling.
- Customized Equipment: Tailor-made solutions to address unique client requirements, showcasing the company’s engineering prowess.
Service Offerings
- Installation and Commissioning: Expert teams ensure that equipment is installed and operational with minimal downtime.
- Maintenance and Support: Comprehensive after-sales services to maintain equipment performance and longevity.
- Consulting Services: Technical advisory for businesses integrating or upgrading cryogenic systems.
These products and services position INOX India Limited as a one-stop solution provider in the cryogenic industry. The company’s focus on quality and innovation ensures that its offerings meet international standards, making them a top choice for global clients.
Brand Details: The INOXCVA Identity
INOX India Limited operates under the brand name “INOXCVA,” a name synonymous with precision, reliability, and innovation in the cryogenic world. The brand reflects the company’s ethos and its commitment to delivering futuristic solutions rooted in a strong legacy.
Brand Elements
- Logo: The INOXCVA logo embodies the company’s focus on engineering excellence and trust.
- Tagline: “Historically Futuristic,” highlighting a blend of tradition and forward-thinking innovation.
- Mission: To provide state-of-the-art cryogenic solutions that drive industrial progress and sustainability.
- Values: Integrity, innovation, customer-centricity, and environmental responsibility.
INOXCVA’s brand identity resonates with its global clientele, reinforcing its reputation as a leader in cryogenic technology. The brand’s strong visual and philosophical elements distinguish it in a competitive market.
Board of Directors: Leadership Driving Success
The leadership at INOX India Limited comprises a dynamic board of directors, blending family legacy with professional expertise. This team steers the company toward its strategic goals, ensuring growth and innovation.
Meet the Directors
- Mr. Pavan Kumar Jain
- Role: Non-Executive Director and Promoter
- Background: A seasoned industrialist with decades of experience, Mr. Jain has been a driving force behind the INOX Group’s success. His vision has shaped the company’s growth trajectory.
- Mr. Siddharth Jain
- Role: Non-Executive Director and Promoter
- Background: Son of Mr. Pavan Kumar Jain, Siddharth brings a modern perspective to the board, focusing on innovation and global expansion.
- Mrs. Ishita Jain
- Role: Non-Executive Director and Promoter
- Background: Wife of Mr. Siddharth Jain, she contributes to strategic planning and corporate initiatives, enhancing the company’s direction.
- Mr. Amit Advani
- Role: Independent Director
- Background: An expert in corporate governance and risk management, Mr. Advani ensures the company adheres to best practices.
- Mr. Shrikant Somani
- Role: Independent Director
- Background: With a strong finance and operations background, he provides critical insights into the company’s financial health.
- Mr. Richard Boocock
- Role: Independent Director
- Background: A global business veteran, Mr. Boocock offers international expertise, aiding the company’s overseas expansion.
- Ms. Girija Balaknishan
- Role: Independent Director
- Background: Known for her work in sustainability and CSR, she champions eco-friendly initiatives within the company.
- Mr. Parag Kulkarni
- Role: Executive Director
- Background: Leads daily operations with a focus on innovation, ensuring the company remains agile and competitive.
This diverse board brings a wealth of experience, guiding INOX India Limited with a balanced mix of tradition, expertise, and progressive thinking.
Subsidiary and Associate Details: Expanding the Network
INOX India Limited’s operations are bolstered by a network of subsidiaries and associates, enhancing its global reach and operational capabilities.
Subsidiaries
- INOXCVA Comercio E Industries Equipments Criogenicos Ltda.
- Location: South America
- Details: Focuses on serving the South American market with localized cryogenic solutions.
- Ownership: Wholly-owned by INOX India Limited.
- INOXCVA Europe B.V.
- Location: Europe
- Details: Strengthens the company’s foothold in the European Union, catering to a sophisticated market.
- Ownership: Wholly-owned subsidiary.
Associates
- NOX Air Products Private Limited
- Details: Engages in the production and distribution of industrial gases, complementing INOX India’s core business.
- Ownership: Partial stake held by INOX India Limited.
These entities enable INOX India Limited to tap into regional expertise and resources, ensuring it meets diverse customer needs worldwide.
Geographical Revenue Breakup: A Global Footprint
INOX India Limited’s revenue streams reflect its strong presence across multiple regions, showcasing its ability to thrive in varied markets.
Revenue Distribution
- India: A major contributor, driven by domestic industrial growth and demand for cryogenic equipment.
- Europe: A key growth area, supported by the subsidiary INOXCVA Europe B.V.
- South America: Expanding steadily through INOXCVA Comercio E Industries Equipments Criogenicos Ltda.
- Other Regions: Includes North America and Asia-Pacific, where the company is building its presence.
This diversified revenue base highlights INOX India Limited’s global appeal and its strategic approach to market expansion.
Financial Statements: A Snapshot of Performance
INOX India Limited’s financials demonstrate its robust operational efficiency and profitability. Below are the consolidated financial statements, presented in an easy-to-read table format.
Consolidated Profit & Loss Statement
| Particulars | For the Year Ended 31st March, 2025 | For the Year Ended 31st March, 2024 |
|---|---|---|
| Revenue | ₹104,000 lakh | |
| Profit | ₹22,535 lakh | |
| Other Comprehensive Income | (₹72.62 lakh) | |
| Total Comprehensive Income | ₹22,530.25 lakh |
Consolidated Balance Sheet
| Particulars | As at 31st March, 2025 | As at 31st March, 2024 |
|---|---|---|
| Total Assets | ₹115,976 lakh | |
| Total Liabilities | ₹25,887.93 lakh | ₹19,849.32 lakh |
| Net Assets (Equity) | ₹87,369.25 lakh |
Consolidated Cash Flow Statement
While specific cash flow details are unavailable, this statement typically covers operating, investing, and financing activities, reflecting the company’s liquidity and cash management strategies.
These financials underscore INOX India Limited’s strong performance and its ability to generate value for stakeholders.
Shareholding Details: Ownership Structure
INOX India Limited’s shareholding pattern reveals a balanced mix of promoter and institutional ownership, ensuring stability and investor confidence.
Major Shareholders
- Promoters: The Jain family, including Mr. Pavan Kumar Jain, Mr. Siddharth Jain, and Mrs. Ishita Jain, holds a controlling stake, reflecting their long-term commitment.
- Institutional Investors: Includes mutual funds and financial institutions, signaling strong market trust in the company’s future.
This structure supports strategic decision-making while maintaining professional oversight, a key factor in the company’s sustained growth.
Investment Details: Strategic Capital Allocation
INOX India Limited strategically invests its capital to enhance its market position and ensure financial returns.
Passive Investments
- Mutual Funds: Held for liquidity and steady returns, supporting the company’s financial flexibility.
- Bonds and Securities: Diversified investments to balance risk and reward.
These investments align with the company’s conservative yet growth-oriented financial strategy.
Future Investment Plans: Charting the Path Ahead
INOX India Limited is poised for growth with a forward-looking investment strategy aimed at innovation and expansion.
Key Focus Areas
- Technology Upgrades: Enhancing manufacturing processes with cutting-edge tools and automation.
- Market Penetration: Expanding into emerging markets with high demand for cryogenic solutions.
- Sustainability Projects: Investing in green technologies to reduce environmental impact.
These plans signal INOX India Limited’s ambition to remain a leader in the cryogenic industry while addressing future challenges and opportunities.
Frequently Asked Questions about INOX India Limited
What is INOX India Limited known for?
INOX India Limited is a global leader in cryogenic equipment manufacturing, specializing in innovative solutions like cryogenic tanks, vaporizers, and gas handling systems. The company serves industries such as healthcare, energy, and industrial gases, with a strong presence in India and international markets.
What products does INOX India Limited offer?
INOX India Limited provides a diverse range of cryogenic solutions, including:
- Cryogenic Tanks: For safe storage and transport of liquefied gases like LNG, oxygen, and nitrogen.
- Vaporizers: To convert liquefied gases into usable forms.
- Gas Distribution Systems: Comprehensive setups for industrial applications.
- Custom Equipment: Tailored solutions for specific client needs.
Who are the key leaders at INOX India Limited?
The company is guided by a skilled board, including:
- Mr. Pavan Kumar Jain: Non-Executive Director and Promoter.
- Mr. Siddharth Jain: Non-Executive Director and Promoter.
- Mr. Parag Kulkarni: Executive Director overseeing operations.
- Independent Directors: Mr. Amit Advani, Mr. Shrikant Somani, Mr. Richard Boocock, and Ms. Girija Balaknishan.
Does INOX India Limited have international operations?
Yes, INOX India Limited operates internationally through subsidiaries like INOXCVA Comercio E Industries Equipments Criogenicos Ltda. in South America and INOXCVA Europe B.V. in Europe, enabling it to serve a global clientele effectively.
How did INOX India Limited perform financially in 2025?
In 2025, INOX India Limited showcased robust financials:
- Revenue: Approximately ₹104,000 lakh (estimated).
- Profit: ₹22,535 lakh.
- Total Assets: Around ₹115,976 lakh (estimated).
What are INOX India Limited’s plans for future growth?
INOX India Limited aims to drive growth by:
- Technology Innovation: Upgrading manufacturing with advanced tools.
- Global Expansion: Targeting emerging markets with high demand.
- Sustainability: Investing in eco-friendly technologies.
