![]() He is confident of its continued success. A strong current order book of 1,200 megawatts (MW) and investor confidence place Inox Wind, and Devansh, in a sweet spot. And in five years, he steered the company onto the path of profitability-a rarity among local wind energy firms. With a corpus of Rs 40 crore borrowed from Gujarat Fluorochemicals Limited, he started Inox Wind in 2009, at a time when major players like Suzlon and Bharat Forge were stumbling. But the Inox Group was looking to diversify, and given India’s energy deficit and the global thrust towards cleaner forms of energy, Devansh convinced his family of the power of wind. Neither his father nor his uncle Pavan (chairman and managing director of Inox Air Products) had prior experience in this sector. When he returned to India from the US in 2007, he shadowed his father Vivek (managing director, Gujarat Fluorochemicals Limited) for two years before deciding to enter the renewable energy sector. “We have a market cap of almost a billion-and-a-half dollars,” says Devansh, who, as director of his company, is the youngest family member to hold a position in the chemicals-to-multiplexes Inox Group. His company, Inox Wind, the renewable wind energy solutions provider, raised Rs 1,000 crore and was oversubscribed 18 times. In March 2015, the 28-year-old third-generation scion of Inox Group led one of the biggest initial public offerings (IPOs) that India has seen in the last two years. No one can accuse Devansh Jain of false pride. Financial information that is collected is used to process your request for products, and will not be shared with third parties who are not involved with the transaction.The Inox Group had no expertise in renewable energy, but backed by a successful IPO, third-generation scion Devansh Jain proved that there is profit in the sector The contact information is also used to get in touch with you when necessary regarding your order. Contact information from an order form is used to fulfill orders, and to provide information about our company to you if requested. We collect contact information (such as your name, mailing and/or e-mail address), and when appropriate, financial information (your credit card number) to process your request or purchase. Our Site uses various order forms for you to request information, products, and services. Personally identifiable information is never sold, leased or disclosed to any third parties. ![]() ![]() Our Site’s various registration forms and surveys may request that you give us contact information (such as your name, mailing and/or e-mail address) demographic information (such as your age and gender). Information such as the type of browser being used, its operating system, and your IP address is gathered in order to enhance your online experience. However, certain non-personal information is recorded by the standard operation of ’s internet servers. ![]() Use of Information: As a general policy no personally identifiable information, such as your name, address, or e-mail Address, is automatically collected from your visit to. respects the privacy concerns of the users of its internet site and has created this privacy statement to explain what information we gather from your visit to our Site and how such information may be used. ![]()
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