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Industrial technology firm Adage Automation has closed a ₹230 crore growth funding round, led by InCred Alternative Investments, with participation from Global South Capital and Prachetas Capital. The capital, announced on July 8, 2026, will fund the company’s push into AI-powered analytics, expanded manufacturing capacity, and global market growth, as industries face mounting pressure to modernize emissions monitoring and industrial automation.
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A Two Decade Track Record
Founded in 2001, Adage Automation has built its business around gas analyser systems used across oil and gas, steel, cement, chemicals, and power sectors. Its core offerings include Continuous Emission Monitoring Systems (CEMS), which track industrial emissions in real time, and ambient air quality monitoring systems that measure pollution around industrial sites.
Investor Confidence Runs High
The investment signals growing investor confidence in industrial technology platforms that combine engineering expertise with digital and AI capabilities. Dr. Abhijit Chatterjee, Managing Director and CEO of Adage, called the round a milestone that validates the company’s long term vision. InCred’s Vivek Singla pointed to Adage’s engineering strength and exposure to automation and environmental monitoring trends as key drivers of the deal. Global South Capital’s Mragank Jain added that intelligent, data driven operations will increasingly define industrial infrastructure going forward—a view echoed by Prachetas Capital’s Pradeep Bhandavekar, who highlighted the company’s scalable, technology driven foundation.
A Signal for Climate-Tech
This round reflects a broader shift in India’s industrial and climate tech landscape: compliance driven monitoring is evolving into a growth market, powered by automation and AI. As regulatory scrutiny on industrial emissions intensifies globally, companies offering real time monitoring and analytics stand to benefit from sustained demand.
Looking Ahead
With fresh capital in hand, Adage plans to accelerate global expansion, deepen its AI and digital analytics capabilities, and pursue inorganic growth supported by Global South Capital’s international network. The company aims to strengthen its position as a technology partner to energy, petrochemical, and process industries worldwide.
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