Innomet Advanced Materials Ltd. Company History and Annual Growth Details

Our Company was originally formed as a partnership firm under the name and style of “M/s. Padmasree Enterprises” pursuant to a deed of partnership dated March 07, 1984, as amended from time to time. M/s. Padmasree Enterprises was thereafter converted into a private limited Company “Innomet Advanced Materials Private Limited” pursuant to the provisions of Chapter XXI of the Companies Act, 2013 on January 29, 2019 and fresh a certificate of incorporation dated April 24, 2019 was issued by Registrar of Companies, Central Registration Centre. Subsequently, the name of our Company was changed to Innomet Advanced Materials Limited upon conversion to a public limited company pursuant to a Board resolution dated September 07, 2023 and a resolution passed in the extra-ordinary general meeting of the shareholders held on September 18, 2023 and consequently a Fresh Certificate of Incorporation dated November 9, 2023 was issued by the Registrar of Companies, Hyderabad. The Corporate Identification Number of our Company is U27101TG2019PLC132262.

Key events and milestones:

1984

-M/s. Padmasree Enterprises

1998

-Started a proprietorship called Prasad Innovations, engaged in the manufacture of Diamond Tools

2005

-Diversified and concentrated into Metal / Alloy powder manufacturing

2010

-Entered into advanced technological Tungsten Heavy Alloys space

2018

-MoU with IIT Madras for Development of ODS alloys.

2019

-Conversion of Partnership firm into private Limited Company in the name and style of “Innomet Advanced Materials Private Limited”

2020

-Company has achieved a Turnover of more than ? 1000 Lakhs.

-Entered into agreement with International Advanced Research Center for Powder Metallurgy and New Materials (ARCI) Hyderabad are partnering to co-develop a self-disinfecting paint namely Photocatalyst-assisted Copper Based Mineral Paint for Hospitals to fight against COVID-19.

2022

-Company has achieved a Turnover of more than ? 2000 Lakhs.

2023

-Conversion of our company from Private Limited to Public Limited Company in the name and style of “Innomet Advanced Materials Limited”.