Innoventive Industries (formerly Arihant Domestic Appliances) is a multi product engineering company engaged into the manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products which find application in diverse industrial sectors such as transportation, oil & gas, power, farm equipment and general engineering. It has six manufacturing facilities, located across Pune and Silvassa.

Its market its products domestically and also exported to 10 countries across the globe. In USA, we sell its CEW tubes under the brand of ARIDOM through a long term arrangement with Salem Steel North America, LLC. It caters to over 475 customers worldwide.

It is promoted by first-generation technocrats who acquired the company in 2002. Its key customers include Bajaj Auto, Bhel, Thermax, John Deere India, Sundram Industries, Gabriel India and Alstom Projects.

Product of the company

• Tubes & Products
• Membrane Strips
• Oil & Gas
• Motor Vehicle Parts
• Cold Rolled Steel Products

Awards, Achievements and Certifications

2007: Accredited with ISO/ TS 16949: 2002 certification issued by UL DQS Inc. in respect of manufacture of forgings (Closed die and open die forgings) and machinated components on November 12, 2010, bearing number 20000187 TS09.

Milestones

• 1993: Commenced assembly of consumer durable appliances
• 2002: Transfer of 10,620 Equity Shares representing 90.76% of the share capital of the company to Chandu Chavan, resulting in the takeover of the company
• 2006: Commenced manufacturing of auto components
• 2007: Arihant Auto Components Private Limited became the subsidiary of the company
• 2008: Received ‘Mega Project’ status from the Government of Maharashtra, for the proposed project at Pimple Jagtap
• 2009: Conversion of the company into a public limited company 
• 2010: Change of the company’s name to Innoventive Industries Limited
• 2011: Standard Chartered Private Equity (Mauritius) II Limited was allotted 26,00,000 Equity Shares of Rs 10 each at a price of Rs 117 per Equity Share as a Pre-IPO Placement