According to the recent studies, the global metal forging market size was valued at $83.85 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0 percent from 2020-27 which shows that the forecasted CAGR is a very positive sign of growth in forging industry. The Indian market is already facing better business headway and they can see global customer preference for the Indian market gaining trust in quality and delivery. The major factor driving the growth is the technical capability of Indian manufacturers.
Innoforge Pvt. Ltd. is one of the leading manufacturers and exporters of open die forging, closed die forging and ring rolled products, associated with various industry segments in proof machined and fully machined condition. A steadily growing company, Innoforge is involved in the manufacturing of hot forged and machined steel products for many industries like valves, oil and gas, energy, mining, railways, and heavy engineering.
Promoted by three technocrats with varied experience, Innoforge is led by M. Rajavelu, Managing Director who is a Metallurgical engineer with 30 years of experience in the forging & heat treatment field, strategical growth and industry expert, he guides a team of engineers, skilled and equipped to handle the forging process and other associated processes. Innoforge‘s ever-improving system and practices, supported by a tailor-made ERP system ensures delivery of ferrous forgings as per customer requirements on time and every time with quality,
precision, and metallurgical soundness. “We Indians are evolving ourselves by demonstrating knowledge and technical capabilities in competing with global players”, says M. Rajavelu.
In parallel, Director, K. Subramaniam guiding team towards world class products supplied by Team Innoforge and Overall Operations tuned to global customer expectations is being led by CEO, Muhammad Umar Sharief.
“We have earned the trust and respect of customers by differentiating ourselves with professional approach and passionate towards assured product quality”, Added by the CEO, Muhammad.
Innoforge acknowledges that the major expectations of the clients are better price and quick delivery, & owing to this, the firm has derived unique strategies of raw material sourcing through diplomatic planning and building finishing processes in-house. Innoforge has expertise in bonnets, body, seat rings, rings, shafts, steeped shafts, discs, blocks, and more. and having three Tonne & five Tonne capacity open die hammers and 1.5 Tonne drop hammer for closed die parts. The firm’s product ranges are equipped with a fully integrated mechanical and metallurgical testing facility as well. Some of the major customers served by the firm includes L&T Valves, BHEL, EMERSON, Flow Serve, CCI, SEVERN, CIRCOR Valves, and ZF Wind Mill Division. Among all these developments, the main factor that makes the company stand out from all the other competitors is that they are differentiated by their short lead time and focused quality standards.
Innoforge is involved in the manufacturing of hot forged and machined steel products for many industries like valves, oil & gas, energy, mining, railways, and heavy engineering
Innoforge caters mainly to valve industries and all the required utilities are in place for better manufacturing and maintain the quality & price of the product. The rate of company customer ratio has risen from 4-80 over the year which shows a positive incline towards profit. Also, they have a separate conventional machine shop and finish machine shop to support quick delivery. When it comes to the technical capability, Innoforge has a very positive background that includes well-equipped pieces of machinery which are needed to support equipment.
In 2007, the company started with Rs.77 lakh turnover and has achieved Rs.31.7 crore turnover during the year 2021-22. Now, the company has plans to achieve higher goals and are planning to set-up updated technology machines. Apart from that, Innoforge is also looking for the right partners to start JVs. Seeing the future market orientations, Innoforge is aiming to diversify its business away from forgings into other verticals as well.
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