Forbes Asia Award 2016 - Inovance Technology co. Recognized as One of FORBES Asia'S 200 Best Company Under a Billion.


Enters the Forbes Award List 2016 Shenzhen Inovance Technology, provider of industrial automation products and solutions, has again made it to the Forbes 2016 list of Asia's 200 of the best companies with sales under a $ billion.
Shenzhen Inovance Technology
  • Market Capitalization as of August 2016 $4.6 Billion
  • Industry = Industrial Automation
  • Founded = 2003
  • Country = CHINA/HONG KONG
  • Employees = 4,514
  • Year 2015 Sales = $441 M
The Inovance Group was founded in 2003 in Shenzhen, a city in one of China's most successful Special Economic Zones, and has been on a growth path with offices in Hongkong,India,Turkey & Italy and with product installations across the globe. It made its initial public offering on the Shenzhen Stock Exchange in 2010* and has since been tracked by Forbes as an SME with most potential. Rapid growth in sales revenues and staff numbers led to the Group's selection for the Forbes 2014 Best under a Billion list, which highlights Asia-Pacific companies with less than $1bn in sales but consistently high top and bottom line gains. And Inovance is once again recognised in 2016 as one of the 200 Best Asian companies with sales <$1Billion making it to the Forbes Award List 2016.
As a young and dynamic organization, the Group has established an effective structure on which to realize its promising future. Its aim is to become one of the leading providers of industrial automation products and solutions, something that it believes can best be achieved by helping more and more customers to succeed in their own objectives through close cooperation as partners. Customers find more than just products when they work with the Inovance Group. They gain access to world-class manufacturing facilities and highly skilled sector-specialists. It is this combination of flexible production techniques and in-depth understanding of the requirements of a given sector that enables business units within the Group to deliver comprehensive solutions. Monarch is one such business unit, specializing in providing Elevator & Escalator control solutions.
The Group's business units focus on specific industries and deliver total solutions for:
  • Elevators & Escalators
  • Plastic Injection Machines
  • Textile Machines
  • Air Compressors
  • Hoist & Cranes
  • Print and Packaging
  • Robotics
  • Electric Vehicles
  • Light Rail Transit