V ivek Jain is the chairman of the INOXGFL Group, a diversified Indian conglomerate with a primary focus on specialty chemicals and renewable energy. An alumnus of the prestigious IIM Ahmedabad and St. Stephen's College, he joined his family's business in the late 1970s. He was instrumental in establishing Gujarat Fluorochemicals in 1987, which has grown into a leading producer of fluoropolymers and industrial gases.
Currently, Jain is steering the group's pivot towards the electric vehicle (EV) supply chain, with significant investments in battery chemicals. His son, Devansh Jain, manages the wind energy vertical, Inox Wind, which has also seen successful public listings. Based in Delhi, Vivek Jain oversees a business empire that bridges traditional industrial manufacturing with modern green technologies.
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Vivek Jain is an Indian businessman, the chairman of the InoxGFL group, a conglomerate with interests in speciality chemicals, fluoropolymers and wind energy.
An MBA from the elite Indian Institute of Management, Ahmedabad (IIMA), Jain started working with his father in 1978 in what was then a paper trading business. Today, the flagship company of his group is Gujarat Fluorochemicals, a manufacturer of chemicals and industrial gases, which he set up in 1987.
Vivek Jain's career is defined by his successful transformation of a family trading business into a high-tech industrial conglomerate. His structural achievement is tied to establishing Gujarat Fluorochemicals as a dominant player in speciality chemicals.
The group is heavily invested in the future of clean energy: its EV subsidiary is investing roughly $600 million in an integrated EV battery chemicals complex in Gujarat state. His son, Devansh, runs Inox Wind, the group's wind energy unit, which listed its subsidiary Inox Green Energy Services in 2022.
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Started working with his father in a paper trading business.
Set up Gujarat Fluorochemicals.
Subsidiary Inox Green Energy Services was listed.
Continues as Chairman; group invests $600 million in an integrated EV battery chemicals complex.
Vivek Jain's wealth is concentrated in his controlling stake and continued leadership of the publicly traded InoxGFL group.
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+17.23% | +$1.59B
-0.06% | -$0.90M
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