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InCred Alternative Investments has led an INR 230 crore funding round in Adage Automation, with its private equity platform contributing INR 180 crore. The investment also saw participation from Global South Capital and Prachetas Capital. The fresh capital will be used to strengthen the company's AI-driven industrial technologies, engineering capabilities, manufacturing capacity and international operations. Adage Automation also plans to expand its presence across key global markets while enhancing digital solutions that improve efficiency, predictive maintenance, regulatory compliance and sustainability for process industries.
InCred Alternative Investments has led an INR 230 crore funding round in industrial technology company Adage Automation, with its private equity platform investing INR 180 crore. The funding round also attracted investments from Global South Capital and Prachetas Capital.
The companies said the investment will support Adage Automation's next phase of growth as it strengthens its position as a technology-led industrial solutions platform catering to critical process industries in India as well as international markets. The funding comes at a time when industrial automation, digitalisation and AI adoption are gaining momentum across sectors such as energy, petrochemicals, chemicals, power and manufacturing.
The proceeds from the fundraise will be utilised to accelerate investments in AI-enabled industrial software, advanced engineering capabilities, digital monitoring platforms, manufacturing expansion and the company's global operations. The company is also expected to strengthen its digital offerings as industries increasingly adopt automation and data-driven technologies to improve productivity and operational reliability.
Abhijit Chatterjee, Managing Director and Chief Executive Officer of Adage Automation, said the fresh investment would enable the company to speed up its global expansion, increase investments in AI-powered digital technologies and advanced analytical solutions, and further strengthen its position as a technology partner for leading energy, petrochemical and process industries worldwide.
The company also intends to expand its footprint across the Middle East, Africa, Europe and the United States. Alongside its geographical expansion, Adage Automation plans to broaden its technology portfolio to help customers improve operational efficiency, predictive maintenance, regulatory compliance and sustainability performance.
Adage Automation has built its business around automation, digitalisation and engineering solutions for process industries, serving clients that require high levels of operational safety, efficiency and asset reliability. The latest investment is expected to support the company's long-term growth strategy and enhance its capabilities in both domestic and international markets.
Source PTI
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