Funding · Professional & Local Services

Adage Automation raises ₹230 crore from InCred

What they do

Adage Automation designs and manufactures advanced gas analyser systems for process industries

It raised ₹230 crore in a funding round led by InCred Growth Partners Fund, with Global South Capital and Prachetas Capital participating

The company plans to invest in AI-enabled industrial software and expand globally into the Middle East, Africa, Europe, and the US

Adage Automation raised ₹230 crore in a funding round.
The round was led by InCred Growth Partners Fund, which invested ₹180 crore.
Global South Capital and Prachetas Capital also participated in the round.
The company will use the funds to accelerate investments in AI-enabled industrial software.
It will also invest in advanced engineering capabilities, digital monitoring platforms, and manufacturing expansion.
Adage Automation plans to deepen its presence in the Middle East, Africa, Europe, and the United States.
The company aims to expand its technology portfolio to help customers improve operational efficiency, predictive maintenance, regulatory compliance, and sustainability outcomes.

Adage Automation's long-standing ties with global OEMs give it a strong market position.
The company's focus on sustainability and predictive maintenance aligns with global industrial trends.

Adage Automation was founded in 2001.
It provides R&D, design and engineering, manufacturing, system integration, and lifecycle servicing of advanced gas analyser systems.
Its systems are used for process analytics and environment monitoring.
The company serves customers in oil & gas, steel, cement, chemicals, power, energy, and other process industries.
It has long-standing partnerships with leading global OEMs (original equipment manufacturers).

Adage Automation will accelerate investments in AI-enabled industrial software and advanced engineering capabilities.
It will expand its digital monitoring platforms and manufacturing capacity.
The company plans to deepen its presence in the Middle East, Africa, Europe, and the United States.
It will expand its technology portfolio to help customers improve operational efficiency, predictive maintenance, regulatory compliance, and sustainability outcomes.

InCred Growth Partners Fund (lead) — It is the private equity platform of InCred Alternative Investments.
Global South Capital (participated)
Prachetas Capital (participated)