What we do Innomet Advanced Materials Ltd manufactures advanced metal and alloy powders and tungsten heavy alloys for industries like defense, aerospace, and engineering. |
Founded in 1,984 |
Market share A global manufacturer with over 20 metal powder products and a recognized brand Innotung for tungsten alloys. |
Problem solved Provides high-quality, customized metal powders and tungsten alloys to meet demanding industrial applications and reduce import dependence. |
Top clients or who we serve Serves powder metallurgy, diamond tools, welding, aerospace, defense, and engineering sectors primarily B2B. |
Key management Vinay Choudary Chilakapati (Chairman & MD), Saritha Devi Chilakapati (Whole-time Director & CFO) |
Our journey and innovations Started in 1984, diversified into metal powders in 2005, and advanced tungsten alloys in 2010; partnered with IIT Madras for R&D. |
Where we operate Based in India with global customers, exporting metal powders and alloys internationally. |
Top products or what we offer Key offerings include metal/alloy powders (copper, bronze, brass, nickel, stainless steel) and tungsten heavy alloys under Innotung brand. |
Top brands Innomet Powders - customized metal powders; Innotung - tungsten heavy alloys widely used in defense and aerospace. |
Raw materials needed Metals like iron, copper, nickel, tin, zinc, cobalt, tungsten for powder metallurgy production. |
Raw materials supplier Supplied from various metal raw material vendors; specifics not disclosed. |
Recurring vs cyclical contribution Revenue primarily from recurring orders in metal powders and alloys with industry-driven demand cycles. |
Our industry position Established player with niche technology, producing customized powders; enjoying growing domestic and export demand. |
Financial highlights FY 2024-25 Revenue ₹ 32.5 Cr, Profit after Tax ₹ 1.87 Cr; IPO raised ₹34.23 Cr in 2024. |
Geographical revenue split Predominantly domestic sales with increasing export revenue from metal powders and alloys. |
Order book - |
Whats driving growth Demand from aerospace, defense sectors and import substitution initiatives; technological collaboration with IIT Madras. |
Our future plans Capacity expansion, capex for renewable energy and automation, and developing new specialized powder grades. |
Our green promise Solar rooftop plant, rainwater harvesting, bio sewage treatment, net zero discharge policy. |
Our people and values Diverse leadership team promoting innovation, compliance, and employee welfare with a zero harassment policy. |
Key challenges ahead Managing raw material costs, maintaining technological edge, and expanding market share in a competitive industry. |
Interesting facts One of few Indian companies making tungsten heavy alloys and collaborated with IIT Madras on advanced alloys. |
Risks and strategy Raw material price volatility mitigated by long-term sourcing; growth via innovation and expanding export markets. |
