Innomet
Indian manufacturer of ferrous and non-ferrous metal/alloy powders and tungsten heavy alloy components, serving defense, aerospace, automotive, and industrial sectors.
- CEO / Founder
- Vinay Choudary Chilakapati
- Team Size
- 51-200
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- IPO
- Key Investors
- Public markets (NSE SME IPO); Promoter group (Vinay Chilakapati, Lakshmi Kanthamma Chilakapati)
Technology & Products
Key Products
Metal Powders (Copper, Bronze, Brass, Tin, Nickel & Nickel Alloys, Stainless Steel, Tool Steel, Diamond Tool Matrix Powders); InnoTung Tungsten Heavy Alloy Components (balance weights, shielding, ballistic components, brake piston insulator pads, nickel electrodes); Customized powder development
Technological Advantage
25+ years of powder metallurgy expertise; water atomization and advanced downstream processing; technology transfers from DMRL (Defence Metallurgical Research Laboratory) and ARCI; MoU with TATA Steel for AM powders; DRDO-funded 100kg inert gas atomizer project with IIT Hyderabad; one of India's only private THA manufacturers
Differentiation
Value Proposition
Over 25 years of powder metallurgy expertise, producing high-performance metal powders and tungsten heavy alloy components for critical applications including defense, aerospace, and nuclear sectors.
How They Differentiate
Only private Indian manufacturer of tungsten heavy alloys; deep government/defense R&D partnerships (DRDO, DMRL, ARCI); import substitution strategy for strategic materials; publicly listed on NSE SME providing capital access; majority stake acquisition of Swastik Tungsten for vertical integration
Market & Competition
Target Customers
Defense OEMs, aerospace manufacturers, automotive parts makers, diamond tool manufacturers, nuclear industry, radiation shielding, powder metallurgy industry, welding & brazing industry
Industry Verticals
Aerospace; Defense; Nuclear; Automotive; Diamond Tools; General Engineering; Radiation Shielding; Medical
Competitors
INDO-MIM (India); Hoganas AB (Sweden); Sandvik (Sweden); GKN Powder Metallurgy
Growth & Milestones
Growth Metrics
Revenue FY2025: ₹32.52 Cr (~$3.9M), 11.4% YoY growth; H1 FY26 revenue: ₹23.53 Cr; Market Cap: ~₹128 Cr (~$15.4M)
Major Milestones
1984: Founded as Padmasree Enterprises; 2019: Converted to Innomet Advanced Materials Private Limited; 2024: Converted to Public Limited and listed on NSE SME (IPO at ₹100/share, listed at ₹190, 90% premium); 2025: Revenue of ₹32.52 Cr (~$3.9M); Feb 2026: Acquired 57.5% stake in Swastik Tungsten Private Limited for ₹1.5 Cr; 2026: Designated Co-Principal Investigator for DRDO's ₹873.26 lakh gas atomizer project with IIT Hyderabad
Notable Customers
HAL (Helicopters - balance weights and spacers); Sterling Sintered Technologies; SCOPE METALS GROUP (Israel); HUNTING TITAN INC (USA); Customers in Japan, Europe, North America, and Middle East