Innoventive Industries (IIL) a leading multi-product engineering company has received an approval for the merger of Arihant Auto Components and Seven Star Electrodes into the company subject to receipt of necessary approvals. The board of directors at its meeting held on May 29, 2013 has approved for the same. Arihant Auto Components and Seven Star Electrodes are 100% subsidiaries of Innoventive Industries.
Innoventive Industries manufactures precision steel tubes, membrane panel strips, auto components, oil well drilling couplings, pup joints and other precision steel products catering to applications in diverse sectors such as transportation, boilers & heat exchangers, energy, oil & gas, farm equipment & general engineering.