Forbes Award 2014 - Inovance Receives The Forbes Award 2014


Shenzen Inovance Technology enters Forbes Asia's "Best Under A Billion" list of 200 of the best small and midsized listed companies in Asia Pacific with annual revenue under $1 billion.The award was presented at the Forbes Asia Best Under A Billion Forum and Awards Dinner function on December 9th,2014,Bangkok,Thailand.





(Left to right) Supachai Chearavanont, President and CEO,True Corporation;
General Tanasak Patimapragorn, Deputy Prime Minister and Minister of Foreign Affairs, Thailand;
Song Junen, Inovance Group, Board Secretary;
Christopher Forbes, Vice Chairman, Forbes Media LLC


Forbes Award Ceremony 9 December 2014, Bangkok


To qualify for the selection, companies must have revenue between $5 million and $1 billion, positive net income and be publicly traded for at least a year. From a universe of 17,000 companies, qualified candidates are screened on sales growth, earnings growth and return on equity. The result is a final list featuring 200 exceptional small and midsized companies from Asia Pacific.Their stories support the policies of governments across the region focused on promoting the small- and medium-sized enterprise sector to boost economic growth. Combined these 200 SMEs generated $42 billion in sales last year, grew an average 46% the last three years and employ over 255,000 people. It's no surprise China maintains its reign on our list, where in manufacturing, it counts on SMEs for 60% of its gross domestic product and 80% of its employment. The Mainland and Hong Kong set of companies total 85, the most ever.




About Inovance

Inovance Technology is a leading Industrial Automation company headquartered in Shenzhen, China with a world class design and manufacturing facility in Suzhou. Inovance designs and manufactures electronic controllers and power inverter products for the industrial automation market. It's main products include Variable Frequency Inverters for the control of AC & Synchronous PM motors, Servodrives & Brushless Servomotors, Medium Voltage Drives, Solar PV Inverters, Electric Vehicle Inverters, PLC & HMI, Controllers for Machine Control, Precision Feedback Encoders, Integrated Solution for Elevators including complete cabinets. With a strong marketing and engineering team, Inovance serves the industrial segments of Elevator & Escalators (Monarch division), Plastic Injection Machines, Automated Manufacturing Machines, Textile, Wire & Cable, Mining and Renewable Energy. In the recent period, Inova Automation, the international division of Inovance has established subsidiaries in Hong Kong, India and Italy to promote the Inovance brand overseas and to develop new markets outside of China.

Inova Automation Pvt. Ltd., the India unit of the leading industrial automation company Inovance Technology of Shenzhen, is a dynamic and fast growing industrial automation company delivering innovative solutions to machinery manufacturer. The product portfolio is extensive covering LV General Purpose AC Inverters, Servo drives & Motor, Elevator PM Gearless & Escalator Inverters, PLC & HMI, Specific Application Controllers, Direct Torque Motors, MV Inverters.