Devansh Jain
Devansh Jain is the Executive Director of the $12 billion INOXGFL Group, an Indian conglomerate with a legacy of over 100 years, which is one of the largest business Groups in India. It is a forerunner in diversified business segments comprising fluoropolymers, specialty chemicals, EV battery chemicals, wind turbines and renewables. INOXGFL Group is leveraging its existing expertise to be amongst the deepest integrated green conglomerates in India.
Post his double major degree in economics and business administration from Carnegie Mellon University in Pittsburgh, USA, Devansh initiated the Group’s entry into the renewable energy sector with the incorporation of Inox Wind. Under his leadership, Inox Wind has grown to become one of the largest and most successful renewable energy companies. He was instrumental in overseeing the listing of Inox Wind in 2015 and spearheaded the listing of Inox Green, the world’s first listed independent wind O&M company, in 2022 on the Indian stock exchanges. Today the Group’s renewable business is at the forefront of India’s Wind Energy arena.
Additionally, under Devansh’s leadership, Inox Solar is being set up at the promoter level. Inox Solar is setting up multi-gigawatt manufacturing capacity for solar cells and modules. It will also offer end-to-end EPC and O&M solutions. This foray will further strengthen and diversify the group’s capabilities to offer comprehensive solutions for hybrid renewable projects.
Devansh is helping accelerate and position INOXGFL Group at the forefront of the energy transition. He is increasingly focusing on expanding the new age business verticals of EV/ESS battery chemicals and solar & green hydrogen, which are being scaled up under GFCL EV. He is also driving the Group’s renewable’s IPP platform IGREL Renewables which is setting up ~ 3000MW of Wind and Solar capacities. The group is well positioned to capture a large opportunity in energy transition and emerge as one of the leaders in this space.
Devansh chairs the Wind Energy Committee at PHDCCI and is a member of the Advisory Board of the Indian School of Business & Finance (ISBF). He was co-chair of the Wind Energy Committee of FICCI (Federation of Indian Chambers of Commerce and Industry). He has held leadership positions in several other business associations including the Indian Wind Power Association, the Indian Wind Turbine Manufacturers Association, Young Presidents’ Organization (YPO) Delhi Chapter, Entrepreneur’s Organization (New Delhi Chapter) and Carnegie Mellon Alumni Association (CMU).
Devansh has received numerous awards for his entrepreneurial success and leadership, including the prestigious Fortune ‘40 Under Forty’ for 2023 & 2024, Next Gen Leader of the Year 2022 from Hurun India, A Role Model for Responsible Entrepreneurship from Hurun Report 2019, the prestigious AIMA Young Entrepreneur of the Year Award 2017, the Spencer Stuart Economic Times ’40 Under Forty’ India’s Hottest Business Leaders Award 2016, the Global Excellence Award for Renewable Energy 2014 from the Energy and Environment Foundation, and the Wind Power Man of the Year 2013-14 from the Renewable World Awards.