Innovation is change that unlocks new value.

InnoVent is a technology and consulting company that provides innovative Asset Performance Management (APM) Solutions using our Virtual Intelligence Platform (VIP).

AboutUs

about us.

InnoVent was established by executives with 25+ years of experience in asset operations management, digital solutions, process simulation, data analytics/AI, basic engineering, Front End Engineering Design (FEED), plant performance Improvement and Safety.

Our focus is to provide Asset Performance Management (APM) solutions. Our APM solutions use state of the art technology and an experienced team to address a range of issues focused on improving and maintaining your assets (both physical and human). We help facilitate APM using our proprietary Virtual Intelligence Platform (VIP), coupled with our consulting and implementation services.

InnoVent team is highly-motivated with deep experience in midstream and downstream oil & gas/manufacturing, refining, chemicals, renewable energy (ethanol/biodiesel) and IT/IIOT/Cloud systems.

Virtual Intelligence Platform (VIP)

Every purpose needs a platform.

About VIP

Manufacturing process industries are continuously seeking ways to improve performance of their operating assets, and find ways to increase productivity and profits. InnoVent’s APM Solutions are geared towards operational excellence and driving that profitability by leveraging digital and emerging technologies via its Virtual Intelligence Platform (VIP).

VIP is proprietary and cloud-based software platform to convert “hard copy” based Standard Operating Procedures (SOP’s), manuals, and training content to interactive and digital versions, with embedded photos, videos, datasheets, CAD drawings, and eLearning tutorials.

VIP also takes real-time asset information (Control systems, ERP, historians) and provides KPI monitoring dashboards deploying AI/Analytics/simulation to predict equipment and asset performance. Operators can then determine their actions using VIP’s Smart Decision trees for cause and effect analytics, all in a seamless and interactive platform.

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eLearning

Our library of modules includes fundamental courses for engineers and operators including distillation, reactors, unit operations, and process control and instrumentation.

All modules include multiple choice quizzes to grade trainees on their performance with SCORM compliant links to learning management systems (LMS).

Our eLearning courses are cost-effective and enable users to complete training at their own pace with cloud based deployment.

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Our Consulting Services

Driving operational excellence using our process industry expertise.

Process Simulation & Process Safety

Process Simulation and Process Safety

Process Simulation is a core expertise of InnoVent. Our team has decades of experience in developing high fidelity models using leading simulation software like, Aspen Engineering Suite, ChemCAD, Hysys, Unisim, Petrosim, etc. We develop steady-state and dynamic models for design, optimization and transient analysis.

Coupled with simulation, our safety and risk management services allow clients to meet their safety, health, and environmental (EHS) compliance requirements (PSM, PHA).

Our team can address issues ranging from operational risk, equipment integrity, loading limits or naturally occurring hazards. We use field-proven methods to offer clients practical, holistic risk management systems and solutions. From quantitative and probabilistic software-based risk modeling to qualitative hazard assessment, we can help design an overall risk management strategy.

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EPC Solutions

We provide turnkey engineering, procurement and commissioning  solutions, including conceptual design and engineering. By combining our engineering expertise and expertise of our strategic partners (for fabrication and commissioning), InnoVent can provide turnkey systems for chemical plants and renewable energy systems.

Basic & Front-End Engineering Design (FEED) Services

In addition to our conceptual engineering services, we provide Basic Engineering Package/FEED to provide engineering and design inputs to estimate the total installed cost of the plant.

2D/3D Smart Drawings

Our team of experts develop and implement SmartPlant PID, SP3D, and PDMS, CAD 2D/3D modeling services. Update and digitize plant equipment datasheets, maintenance work order systems, CMMS systems.

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EPC Solutions

Strategic Partners

 
Experience. Expertise. Excellence.

EXCEL YOUR VISION

At XL Byte, innovation is a way of life. We think, connect and hatch new ideas to build innovative platforms that solve real-world problems. Being visionaries, what we see is our soul in things aiming to develop products that benefit millions.

XL Byte is a team of software addicts, conveniently headquartered in Bangalore (the garden city of India), Karnataka. We are smart and committed and our passion and creativity is unmatched.

URIEL is a fast growing company providing fabrication and commissioning services to the chemical and renewable energy industries.

UNIVERSAL RENEWABLE INTEGRATED ENERGY LOGICS

ENGINEERING ADVANCED

Chemstations’ integrated suite of intuitive process simulation software fuels productivity for chemical engineering projects.

We created CHEMCAD to empower the role of chemical engineers across industry. To enhance their design, analysis, and testing capabilities so they can drive productivity throughout their organizations. Our outstanding technical support engineers make your CHEMCAD experience all the more seamless.

News

InnoVent Process Solutions acquired by Viska Ventures

HOUSTON, January 14, 2020 –  Viska Ventures, a technology focused investment firm, has acquired InnoVent Process Solutions Pvt. Ltd. (InnoVent) from its owners. InnoVent is a technology and consulting company focused on the fast growing Asset Performance Management (APM) space in the process industries.

Manufacturing process industries are continuously seeking ways to improve performance of their operating assets, and find ways to increase productivity and profits. InnoVent’s APM Solutions are geared towards operational excellence and driving that profitability by taking advantage of digital and emerging technologies via its Virtual Intelligence Platform (VIP). VIP is a proprietary and cloud based software platform to convert “hard copy” based Standard Operating Procedures (SOP’s), manuals, and training content to interactive and digital SOP’s and Operations checklists, with embedded equipment photos, datasheets, CAD drawings, tutorials and videos.

VIP also takes real time asset information (Control systems, ERP, historians) and provides KPI monitoring dashboards deploying AI/Analytics/simulation to predict equipment and asset performance. Operators can then determine their actions using VIP’s Smart Decision trees for cause and effect analytics, and refer to eLearning tutorials on best practices, all in a seamless and interactive platform. The VIP technology platform is supported by a consulting team with deep expertise in the engineering, oil & gas, refining, petrochemical, pharma, and renewable energy industries.

Vibhu Sharma, Board Chairman of InnoVent commented “This is an exciting deal for us, putting us squarely in the rapidly growing APM space. APM leverages IIOT (Industrial Internet of Things), digital solutions, AI/Data analytics, and monitoring software and systems to get the most out of the operating assets. The InnoVent team brings world class software, process industry expertise and cost effective solutions via the High Value Engineering Center (HVEC) in India.”

InnoVent already serves several chemical and energy companies in North America and India. Innovent will be expanding its footprint in Houston to better serve the North and South American markets. InnoVent India will continue to be led by Gautam Pradhan, who brings over 27 years of experience in the process industries. Gautam was previously Business Development Director at Wood PLC selling simulation software and consulting services and Sr. Principal Business Consultant at AspenTech.

InnoVent offices are based in Houston, Texas, and in Pune, India. Visit our website for more details.

Our Team

Vibhu Sharma

Vibhu Sharma 
Board Chairman

Chemical engineer with over 20 years experience in the oil & gas, chemical, manufacturing industries. Prior to InnoVent, Vibhu was the Vice President of Advanced Applications at Wood PLC, a $10 billion engineering and automation company. Earlier in his career, Vibhu was CEO of Ingenious Inc, a technology and consulting firm, that was later acquired by Wood.

Gautam Pradhan

Gautam Pradhan
Technical Director

Chemical Engineer with about 27 years of process engineering experience in Oil & Gas, Refinery, Petrochemicals, Ethanol and Terminals, utility and off-site units. Gautam has held senior positions in many reputed companies like Wood Plc, Aspen Tech, Distichemi, Ingenious Inc., Triangle Simulation and Grasim Industries Limited.

Siddharth Shrivastava

Siddharth Shrivastava 
Senior Advisor IT

Chemical engineer with deep IT background and over 25 years of experience in developing complex data management systems, custom software applications, mobile apps, and cloud based deployments.

Rodrigo Trevino

Rodrigo Trevino
Senior Advisor

PhD Chemical engineer from MIT with 35 years of experience in process simulation, modeling, asset optimization systems, kinetic models, training programs for refining, petrochemical, chemical and polymer companies.

Al Escher

Al Escher
  Senior Advisor

Al is a Former executive of Schlumberger and ABS Group. Earlier in his career, Al was a Vice President of Booz-Allen & Hamilton and an engineer for Texaco. Al has served on the boards of several technology companies. He holds engineering degrees from Princeton University and the University of Southern California, and an MBA from Northwestern University.

Ashish Nag

Ashish Nag 
Senior Consultant

Chemical Engineer with over 35 years of experience in refining and petrochemical plants. Previously Executive Director at Indian Oil (IOCL), $90 billion national oil company. Experience in implementing capital projects, engineering systems, project management, energy optimization, hydrocracker, crude and vacuum units, FCC, gas processing plants, and advisory services.

Get in touch

We are always there for you.

Where to find us

Innovent @ USA
4002 Arnold St, Houston, TX 77005

Innovent @ India
No. 22, 402, Prabhadevi Industrial
Estate, Veer Savarkar Marg,
Prabhadevi ,  Mumbai – 400025