History of the Inox Group
The journey of the Inox Group began over 90 years ago when Mr Siddhomal Jain founded Siddhomal and Sons in the 1920s. This marked the inception of their paper and newsprint trading venture. Fast forward to the 1960s. Devendra Kumar Jain, Mr Siddhomal Jain's son, decided to venture beyond trading.
Recognising the potential for extracting, liquefaction, and selling gases from natural air, he set his sights on the industrial sector. Thus, in 1963, he established Industrial Oxygen Co. Pvt. Ltd. in Pune.
Today, the INOX Group is a diverse Indian conglomerate involved in manufacturing industrial and medical gases, cryogenic equipment, LNG storage and distribution equipment. It boasts the largest movie cinema chain in India, PVR INOX.
With a history of over 9 decades, the Group has made significant contributions to the nation, building successful and sustainable businesses characterised by integrity, delivery, and good governance. Employing over 10,000 individuals across 200+ business units in India, the Group's companies continue to thrive and contribute to various sectors with a distribution network spanning 50 countries.
Inox Group Sector Presence
The Inox Group is a diversified Indian conglomerate with activities spanning across three industries:
- Medical and Industrial Gas: The group serves this segment with Inox India Ltd, Gujarat Fluorocarbons Limited and Inox AirProducts Private Limited.
- Energy and Heavy Electrical Equipments: Inox Wind Limited, Inox Green Energy Services Limited and Inox Wind Energy Limited serve this segment under the group.
- Communication and Entertainment: PVR Inox has 425+ theatres nationwide, serving the communication sector.
Key Personnel of the Inox Group
- Devendra Kumar Jain, Founder-Inox Group
Devendra Kumar Jain, founder of the Inox Group, began his entrepreneurial journey in the 1960s after graduating from St. Stephen's College. With over 65 years of experience, he transitioned from trading to establishing Industrial Oxygen Co. Pvt. Ltd. in Pune in 1963, focusing on the burgeoning industrial gas market. The name of the Inox Group was derived from his first company. Recognised for his role in boosting bilateral trade with Commonwealth countries, Jain was honoured with the title of Honorary Member of the Civil Division in the Order of the British Empire by Queen Elizabeth II. His vision and contributions have been pivotal in shaping the success of the Inox Group.
- Pavan Jain, Chairman
Pavan Jain, the Chairman of the INOX Group, is a seasoned industrialist and Chemical Engineering graduate from IIT, New Delhi, boasting more than 45 years of professional experience. Serving as the Chairman of INOX Air Products Pvt. Ltd., Mr Jain has played a pivotal role in transforming the company from a single-plant entity into a prominent player in the industrial gas sector. Under his leadership, the INOX Group has successfully diversified into multiple industries, including refrigerant gases, cryogenic engineering, and entertainment.
How To Invest in Inox Group Stocks?
To invest in Group stocks via Angel One, follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired Inox Group stock.
- Now, place your buy order. Simply click the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
You can track the purchase status from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio’.
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