InCred Alternative Investments Leads ₹230 Crore Growth Funding in Adage Automation

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“From an India-bred startup, Adage has evolved into an acknowledged leader in the country's Gas Analytical market, backed by world-class infrastructure, deep domain expertise and a relentless focus on innovation. This will enable us to accelerate our global expansion, invest further in AI-powered digital technologies and advanced analytical solutions and strengthen our position as a trusted partner to the world's leading energy, petrochemical and process industries.” - Dr. Abhijit Chatterjee, Managing Director & CEO - Adage Automation

July 2026 : InCred Alternative Investments has led a successful ₹230 crore growth capital investment in Adage Automation Private Limited. The funding round also saw active participation from Global South Capital and Prachetas Capital Pvt. Ltd.

Adage Automation has established itself as an industry leader in process gas analytics and environmental monitoring solutions. Its technology serves critical sectors including oil & gas, petrochemical, cement, and chemical industries. The fresh infusion of capital is earmarked to supercharge the company’s next evolutionary phase: developing AI-powered industrial tech platforms, expanding world-class manufacturing setups, and accelerating its global market footprint.

The investment highlights a growing market appetite for data-driven, automated environmental compliance and operational efficiency tools in core industries.

Dr. Abhijit Chatterjee, Managing Director & CEO of Adage Automation, shared his outlook on the milestone: “This investment marks an important milestone in Adage's growth journey and is a strong endorsement of Adage's vision and the tremendous opportunity ahead. From an India-bred startup, Adage has evolved into an acknowledged leader in the country's Gas Analytical market, backed by world-class infrastructure, deep domain expertise and a relentless focus on innovation. This will enable us to accelerate our global expansion, invest further in AI-powered digital technologies and advanced analytical solutions and strengthen our position as a trusted partner to the world's leading energy, petrochemical and process industries. We are delighted to welcome InCred Alternative Investments, Global South Capital and Prachetas Capital as long-term partners whose strategic expertise will help accelerate our next phase of innovation and global growth initiatives.”

Backing this vision, Vivek Singla, Managing Partner & CIO of InCred Alternative Investments, noted the alignment with current industrial tailwinds: “Adage combines deep engineering expertise, market leadership and strong structural tailwinds driven by industrial automation and environmental monitoring. Its differentiated capabilities, trusted customer relationships and global OEM partnerships position the Company to build a leading industrial technology platform. As the lead investor, we look forward to partnering closely with Dr. Chatterjee and his team to accelerate Adage's next phase of innovation, global expansion and long-term value creation.”

Supporting investors also echoed this enthusiasm. Mragank Jain, Managing Partner at Global South Capital, emphasized the changing paradigm, noting that, “The next generation of industrial infrastructure will be defined by intelligent, AI-enabled, data-driven operations. Leveraging our extensive global network and operational capabilities, we will support the Company's inorganic growth.”

Meanwhile, Pradeep Bhandavekar of Prachetas Capital highlighted the startup’s rock-solid operational foundation, adding: “Adage has built a differentiated engineering and technology platform serving mission-critical industries with precision and reliability. Its scalable business model, expanding digital capabilities and strong execution track record create a compelling foundation for long-term growth.”

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