What has remained constant is the company’s focus on producing high-quality precision parts, and the involvement of the Chandaria family, which helped found the company more than four decades ago and continues to be the largest shareholder, holding a stake of over 36%. Under the leadership of Chairman Neal Manilal Chandaria today, Innotek is poised to capture more business in another major new trend: the AI computing market.
In line with shifting industry trends, listed manufacturer Innotek has observed changes in the composition of its customer base. Since its founding in 1984 in the US as Magnecomp, the company has undergone name changes as well in tandem with the market’s ebb and flow, accompanied by a steady stream of acquisitions and divestments.
From the heady years of churning out endless streams of parts for hard disk drives, riding the massive growth wave as the use of personal computers exploded, Innotek has since become more diversified, serving customers in industries such as automotive, consumer electronics and office automation.
