Inox Air Products has been recognized in the Emerging Titans category for its revenue durability and expansion into clean energy. The joint venture between Air Products and Chemicals and Inox Group is evolving into an energy solutions provider, planning a $1 billion IPO. This award acknowledges their sustained financial performance and diversification into green hydrogen and energy transition solutions.

ET Family Business Awards: Inox Air Products wins Emerging Titans category

Synopsis

Inox Air Products has been recognized in the Emerging Titans category for its revenue durability and expansion into clean energy. The joint venture between Air Products and Chemicals and Inox Group is evolving into an energy solutions provider, planning a $1 billion IPO. This award acknowledges their sustained financial performance and diversification into green hydrogen and energy transition solutions.

Inox Air Products won in the Emerging Titans category for its revenue durability, expansion into clean-energy adjacencies, and its disciplined stewardship. The company is a joint venture between American industrial gas maker Air Products and Chemicals and India’s Inox Group.

This recognition reflects the company’s evolution from a traditional industrial gases player into a forward-looking energy solutions provider, positioning it strongly for the next phase of India’s industrial and clean energy growth as it plans a $1 billion initial public offering.

“We are honoured to receive the Economic Times Family Business of the Year–Emerging Titans award. This recognition is not just about scale or growth, but about the continuity of values across generations,” said Pavan Kumar Jain, chairman, Inox Air Products. “I dedicate this recognition to the entire Inox Air Products family, our employees, partners, and well-wishers, who have been an integral part of this journey, and who will continue to shape the future of this institution.”

The award highlights the company’s ability to sustain strong financial performance while diversifying into new-age sectors such as green hydrogen, renewable-linked industrial gases, and energy transition solutions. Over the years, Inox Air Products has built a robust business model anchored in long-term contracts, operational efficiency, and a growing footprint across industries including steel, healthcare, and manufacturing.

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