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Index/Startups & Founders/Indian Silicon Valley with Jivraj Singh Sachar
Indian Silicon Valley with Jivraj Singh Sachar artwork

E217 - He’s Building a Battery Empire to Challenge China | Devansh Jain, InoxGFL Group

Indian Silicon Valley with Jivraj Singh Sachar · 2025-05-25 · 1h 7m

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Episode notes

What does it take to challenge China in energy, batteries, and manufacturing - without being a tech founder? And how is one Indian group quietly building a ₹1.5 lakh crore empire across India’s most strategic industries?In this episode, we sit down with Devansh Jain, Executive Director of the InoxGFL Group, one of India’s most ambitious conglomerates operating at the intersection of chemicals, renewables, and infrastructure.From building India’s largest battery chemical plant outside China to manufacturing wind turbines, solar modules, and fluoropolymers, Devansh is not chasing valuation - he’s building real industrial power. This is a rare deep dive into the mindset, systems, and scale thinking behind one of India's most important (and under-discussed) business empires.We explore how Inox is playing the long game on energy transition, how Devansh allocates capital across 5+ companies, and why the group is allergic to debt but addicted to scale.This episode isn’t startup hype.

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