Snapshot from Jul 25, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Adage Automation raises Rs 230 crore
Business funding round

Adage Automation raises Rs 230 crore

Analysis based on 6 articles · First reported Jul 08, 2026 · Last updated Jul 08, 2026

Sentiment
30
Attention
2
Articles
6
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The investment signals strong investor confidence in India's industrial technology sector, particularly in AI-driven environmental monitoring and process analytics. Adage's expansion plans may strengthen its competitive position in global markets, potentially benefiting its customers and partners.

industrial technology environmental monitoring gas analytics
Event Summary

Adage Automation, an Indian industrial gas analytics and environmental monitoring company, raised Rs 230 crore (about $24.4 million) in a growth funding round led by InCred Growth Partners Fund, the private equity platform of InCred Alternative Investments. InCred invested Rs 180 crore, with participation from Global South Capital and Prachetas Capital. The funds will be used to expand AI-enabled industrial software, digital monitoring platforms, manufacturing capacity, and global operations into the Middle East, Africa, Europe, and the United States. Adage also plans to pursue inorganic growth through acquisitions. The company reported a 21.6% revenue increase to Rs 224 crore and a 37% net profit jump to Rs 21.4 crore for the year ended March 2025. Adage has a joint venture with OVO Energy in Saudi Arabia and the UAE.

Key Actions
100 Adage Automation raised funding
90 InCred Alternative Investments led investment Adage Automation
60 Adage Automation entered joint venture OVO Energy
50 Adage Automation grew revenue
40 Global South Capital participated in round Adage Automation
40 Prachetas Capital participated in round Adage Automation
Entities Involved
priv
Adage Automation
Raised Rs 230 crore to expand AI capabilities, manufacturing, and global presence; strong financial growth.
Importance 100.0 Sentiment 70.0
priv
InCred Alternative Investments
Led the funding round with Rs 180 crore investment, reinforcing its PE strategy.
Importance 80.0 Sentiment 50.0
per
Surojit Chatterjee
CEO of Adage, driving expansion and AI investments.
Importance 60.0 Sentiment 40.0
per
Vivek Singla
Managing Partner at InCred, leading the investment.
Importance 50.0 Sentiment 30.0
priv
Global South Capital
Participated in the round, supporting Adage's inorganic growth initiatives.
Importance 40.0 Sentiment 30.0
priv
Prachetas Capital
Participated in the round, providing long-term growth capital.
Importance 40.0 Sentiment 30.0
cnt
India
Home market for Adage; benefits from industrial technology growth.
Importance 30.0 Sentiment 20.0
per
Mragank Jain
Managing Partner at Global South Capital, supporting Adage's growth.
Importance 30.0 Sentiment 20.0
priv
OVO Energy
Joint venture partner with Adage for gas-analyser manufacturing in Saudi Arabia and UAE.
Importance 30.0 Sentiment 20.0
priv
InCred Capital
Parent of InCred Alternative Investments; benefits from the fund's success.
Importance 30.0 Sentiment 20.0
cnt
United Arab Emirates
Target market and JV location for Adage.
Importance 20.0 Sentiment 10.0
cnt
United States
Target market for Adage's expansion.
Importance 20.0 Sentiment 10.0
loc
Middle East
Region for Adage's expansion.
Importance 20.0 Sentiment 10.0
per
Pradeep Bhandari
Representative of Prachetas Capital, involved in the funding.
Importance 20.0 Sentiment 10.0
stock
Siemens
Long-term technology partner of Adage in process analytics.
Importance 20.0 Sentiment 10.0
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