INOXCVA

INOX INDIA LTD(INOXCVA) is an Indian company that specializes in engineering, manufacturing, and servicing cryogenic storage and transportation equipment. The company was founded in 1996 and is headquartered in Vadodara, Gujarat, India.[4]

INOXCVA
TypePrivate company
IndustryEngineering
healthcare
energy
food processing
industrial gases manufacturing
cryogenic storage
Founded1996 (1996)
FounderJayanti Patel
Deepak Shah
HeadquartersVadodara, Gujarat, India
Area served
Worldwide
Key people
Jayanti I. Patel
(Chairman and Managing director)
Pankaj K. Patel
(CEO)
Jatin A. Patel
(CFO)
RevenueIncrease ₹7.99 billion (US$100 million)[1] (2022)
Increase ₹1.3 billion (US$16 million)[1] (2022)
Total assetsIncrease ₹9.2 billion (US$120 million)[1] (2022)
Total equityIncrease ₹5.34 billion (US$67 million)[1] (2022)
Number of employees
500[2] (October 2022)
ParentINOX Group
Subsidiaries
  • INOXCVA Cryogenic Solutions Inc
Websitewww.inoxcva.com
Footnotes / references
[3]

INOXCVA produces a range of cryogenic products, including storage tanks, transport tanks, vaporizers, and other related equipment. These products are used in industries such as healthcare, industrial gases, energy, and food processing. The company has a global presence, with manufacturing facilities in India, China, and the United States, as well as sales offices and service centers in various countries around the world.[5]

History
  • 1996: INOXCVA was founded as a joint venture between Gujarat Fluorochemicals Limited (GFL) and Cryogenic Vessel Alternatives (CVA) of the US.[6]
  • 1997: INOXCVA established its first manufacturing facility in Kalol, Gujarat, India.[7]
  • 2003: INOXCVA set up its second manufacturing facility in Vadodara, Gujarat, India.[7]
  • 2006: INOXCVA established a joint venture with Chart Industries of the US to manufacture and market cryogenic equipment in India.[8]
  • 2007: INOXCVA acquired the cryogenic equipment division of the Indian company Godrej & Boyce.[9]
  • 2008: INOXCVA set up a third manufacturing facility in Kandla, Gujarat, India.[9]
  • 2012: INOXCVA established a subsidiary in the United States, INOXCVA Cryogenic Solutions Inc., to expand its presence in the North American market.[9]
  • 2014: INOXCVA set up a joint venture with France-based Cryolor to manufacture and market cryogenic equipment in India.[9]
  • 2016: INOXCVA acquired the cryogenic business of Taylor-Wharton, a US-based manufacturer of cryogenic equipment and systems.[9]
  • 2018: INOXCVA acquired the business and assets of Linde India's cryogenic tank manufacturing unit.[9]
  • 2023: INOXCVA announced plans to set up a new manufacturing facility in the state of Vadodara, India, to cater to the growing demand for cryogenic solutions in the region.[10][11][12][13][14][15]

See also

References
  1. "2021–22 Standalone & Consolidated financials". INOX India Pvt. Ltd. 1 January 2023. Retrieved 2 April 2023.
  2. TCS. "INOXCVA Q2FY22". Retrieved 9 November 2022.
  3. "INOXCVA – Cryogenic solutions company in India". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  4. "INOXCVA – Cryogenic solutions company in India". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  5. "Manufacturing Units-INOXCVA". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  6. "INOXCVA". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  7. "Manufacturing Units-INOXCVA". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  8. "Our History | Chart Industries". chartindustriesv12.azurewebsites.net. Retrieved 2 April 2023.
  9. "INOXCVA Milestones". INOX India Pvt. Ltd. Retrieved 2 April 2023.
  10. "Cryogenic tank manufacturing facility: InoxCVA to invest 200cr". The Times of India. 22 February 2023. ISSN 0971-8257. Retrieved 2 April 2023.
  11. Standard, Business (30 March 2023). "InoxCVA to set up cryogenic tank facility in Vadodara for Rs 200 crore". www.business-standard.com. Retrieved 2 April 2023. {{cite web}}: |first= has generic name (help)
  12. "InoxCVA to set up cryogenic tank facility in Vadodara for Rs 200 crore". Moneycontrol. Retrieved 2 April 2023.
  13. Bureau, BL Ahmedabad (21 February 2023). "INOXCVA to set up cryogenic tank facility at Vadodara". www.thehindubusinessline.com. Retrieved 2 April 2023.
  14. "cryogenic: INOXCVA begins construction of Rs 200 crore cryogenic equipment manufacturing facility – The Economic Times". m.economictimes.com. Retrieved 2 April 2023.
  15. "INOXCVA starts building India's largest cryogenic equipment facility in Vadodara". DeshGujarat. 1 April 2023. Retrieved 2 April 2023.
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