INOXGFL - About Us

About Us

The INOXGFL Group proudly stands as one of India’s most esteemed business conglomerates, with a rich history spanning more than a century. Throughout its journey, the Group has exemplified remarkable resilience, transforming into a multibillion-dollar enterprise with a diverse and wide-ranging portfolio comprising Refrigerants, Fluoropolymers, Speciality Chemicals, Wind Energy and Renewables. The Group’s success and achievements are highlighted by its four listed entities, collectively commanding a market capitalisation of around USD 8 Billion.

Commencing our journey in 1920 as a paper and newsprint trading business, we have, over the decades, transformed into a multi-billion dollar Group with diversified businesses.

Powered by a rich legacy of over nine decades, the Group is primarily focused on two business verticals - chemicals and renewable energy. It operates in these segments primarily through six companies — Gujarat Fluorochemicals Limited (GFL); GFCL EV Products Limited; GFCL Solar & Green Hydrogen Products Limited; Inox Wind Limited; Inox Green Energy Services Limited; and Inox Wind Energy Limited.

A well-trained workforce and a strong distribution network empower and enable us to meet the changing needs of customers.

4 Companies

listed on Stock Exchanges in India

6,400+

Workforce

₹6,612 Cr

Group revenue

$8 Billion

Market capitalisation (for listed companies)

Our Values

Our values are our guiding light towards sustainable development by way of environmental protection, social responsibility, and economic progress.

Leadership Team

Information and profiles of the Board of Directors, Senior Leadership, and Committee Members at INOXGFL Group Companies.

Mr. Vivek Jain

Chairman, INOXGFL Group

Mr. Vivek Jain, as the Chairman of INOXGFL Group, aligns and evolves the strategic approaches for the Group and its portfolio of offerings while building a strong leadership team to drive its execution.

A firm believer in change management, Mr. Jain has steered INOXGFL to emerge as one of the global leaders in Fluoropolymers. His visionary and astute leadership resulted in INOXGFL venturing into different verticals making the group one of the most sought-after companies in the country.

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Mr. Devansh Jain

Executive Director, INOXGFL Group

Devansh Jain is the Executive Director of the $6 billion Inox GFL Group, an Indian conglomerate with a legacy of more than 90 years. As a leader in diversified business segments, the group specializes in Specialty Chemicals, Fluoropolymers, Refrigerant Gases, and Renewable Energy.

Devansh belongs to a prestigious Indian entrepreneurial family that repeatedly appears in the Forbes list of the 100 most successful Indian families. Devansh holds a double major degree in economics and business administration from Carnegie Mellon University in Pittsburgh, USA.

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Group Companies

INOXGFL Group is an Indian Conglomerate with a legacy of more than 90 years.

Leading chemical company with over 30 years of experience in fluorine chemistry.

GFCLEV is a 100% subsidiary of GFL, manufacturing intermediate materials for Lithium-ion Battery.

IGESL is India's leading wind O&M services player with more than 8 years of operating history.

Inox Wind Ltd is a fully integrated player in the wind energy market and provides end-to-end turnkey solutions

Inox Wind Energy Limited

Inox Wind Energy Ltd is the holding company of Inox Wind & demerged from GFL Ltd in FY 21

Shri Vivek Jain

Chairman, INOXGFL Group

An alumnus of the Indian Institute of Management, Ahmedabad, and St. Stephen’s College, Delhi, Mr. Vivek Jain has over 34 years of rich business experience in setting up and managing several businesses.

Trotting on his Mantra ‘Innovation is the key to success ‘throughout his career, he has consistently maintained high standards in developing superior products and a management structure that enables his colleagues to operate with maximum efficiency and innovation. His "eye for perfection" has made all verticals excel, and has been appreciated by his customers worldwide.

Driven by research and strategic thinking on a global scale, Mr. Vivek Jain has catapulted the business from a single product, and single manufacturing unit to a diversified and integrated business conglomerate producing several world-class products on a global scale. His relentless commitment to the customers on quality, cost, and time ensure that the customers have a delightful experience. He seeks solutions that are responsive to the surrounding environmental and climatic concerns and expressive in its use of materials.

Today, Mr. Jain with his venturousness and dexterity has hurled GFL into becoming one of the largest suppliers of fluoropolymers to Europe, US, and India. With a self-owned R&D team to develop fluorine-based molecules and other products, the group’s future revenue drivers will be the advanced materials catering to the new age Industry, viz: Electric Vehicles, Solar power, and Hydrogen Fuel Cells & Electrolysers. His unceasing efforts and intention to support society at large have driven him to be present in all spheres of the green revolution.

Mr. Jain, through the group’s CSR initiatives, works on providing education, skill development health & hygiene, and opportunities in sports for enriching the lives of the underprivileged and differently-abled. He has been working towards environmental sustainability, both through the technologies being introduced as well the contributions and support provided to environmentalists.

Mr. Devansh Jain

Executive Director

Devansh initiated the Group's entry into the renewable energy sector with the incorporation of Inox Wind. Under his leadership, Inox Wind has grown tremendously and become one of the largest and most successful renewable energy companies. He is the driving force behind establishing the industry’s best-in-class technology, and manufacturing facilities across India, building one of India's largest wind land banks, creating a global supply chain, and making Inox Wind the preferred wind energy solutions provider for IPPs and utilities. Devansh was instrumental in overseeing Inox Wind's listing on the Indian stock exchanges in 2015, one of the most successful IPOs of its time.

Given the strong macroeconomic outlook and the solid platform built over the years by the success of Inox Wind, Devansh has recently spearheaded another successful listing - Inox Green Energy Services Limited. IGESL is the world's first independent renewable energy services and maintenance company to be listed on the stock exchanges. With this, the Inox- GFL Group now comprises four listed companies, namely Gujarat Fluorochemicals Limited, Inox Wind Energy Limited, Inox Wind Limited and Inox Green Energy Services Limited, with a total market capitalization of approximately Rs. 50,000 Crores.

Devansh is also driving efforts in the EV segment of Gujarat Fluorochemicals Ltd, a leading Indian chemical company with business verticals that comprise Fluoropolymers, Fluoro- Specialties and Chemicals. GFL is the only manufacturer of PTFE/Fluoropolymers in India. GFL supplies PVDF and other battery chemicals crucial for EV batteries. Furthermore, GFL is developing products/grades for new business areas such as Solar Panels and Hydrogen Fuel Cells.

Devansh chairs the Renewable Energy Committee at PHDCCI and is a member of the Advisory Board of the Indian School of Business & Finance (ISBF). He was co-chair of the Wind Energy Committee of FICCI (Federation of Indian Chambers of Commerce and Industry). He has held leadership positions in several other business associations including Indian Wind Power Association, the Indian Wind Turbine Manufacturers Association, Entrepreneur's Organization (New Delhi Chapter) and Carnegie Mellon Alumni Association (CMU).

Devansh has received numerous awards for his entrepreneurial success and leadership, including the prestigious Fortune ‘40 Under Forty’ 2023, Next Gen Leader of the Year 2022 from Hurun India, A Role Model for Responsible Entrepreneurship from Hurun Report 2019, the prestigious AIMA Young Entrepreneur of the Year Award 2017, the Spencer Stuart Economic Times '40 Under Forty' India's Hottest Business Leaders Award 2016, the Global Excellence Award for Renewable Energy 2014 from the Energy and Environment Foundation, and the Wind Power Man of the Year 2013-14 from the Renewable World Awards.

About Us

Commencing our journey in 1920 as a paper and newsprint trading business, we have, over the decades, transformed into a multi-billion dollar Group with diversified businesses.

4 Companies

6,400+

₹6,612 Cr

$8 Billion

Our Values

Trust

Commitment

Commitment Courage

Commitment Excellence

Commitment Responsibility

Commitment Integrity

Leadership Team

Mr. Vivek Jain

Chairman, INOXGFL Group

Mr. Devansh Jain

Executive Director, INOXGFL Group

Group Companies

Inox Wind Energy Limited