Key Takeaways
- • InCred Alternative Investments led a ₹230-crore funding round in Adage Automation, with ₹180 crore coming from its private equity platform, according to the companies' announcement on Wednesday.
- • Global South Capital and Prachetas Capital also participated in the round.
- • Proceeds will fund AI-enabled industrial software, advanced engineering, digital monitoring platforms, manufacturing expansion and global operations.
- • Adage Automation positions itself as a technology-led industrial solutions provider serving critical process industries in India and overseas, including energy and petrochemicals.
Summary
InCred Alternative Investments said on Wednesday that it has led a ₹230-crore funding round in Adage Automation, an industrial solutions company. Of the total, ₹180 crore was contributed by InCred's private equity platform. Global South Capital and Prachetas Capital also took part in the round, according to the companies.
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 serving critical process industries in India and overseas markets. The proceeds will be directed toward accelerating investment in AI-enabled industrial software, advanced engineering capabilities, digital monitoring platforms, manufacturing expansion and global operations.
Abhijit Chatterjee, Managing Director and Chief Executive Officer of Adage Automation, said the funding will enable the company to accelerate its global expansion, invest further in AI-powered digital technologies and advanced analytical solutions, and strengthen its position as a trusted partner to the world's leading energy, petrochemical and process industries.
The company also plans to deepen its presence across the Middle East, Africa, Europe and the United States. According to the release, its expanding technology portfolio is intended to help customers improve operational efficiency, predictive maintenance, regulatory compliance and sustainability outcomes.
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 serving critical process industries in India and overseas markets. The proceeds will be directed toward accelerating investment in AI-enabled industrial software, advanced engineering capabilities, digital monitoring platforms, manufacturing expansion and global operations.
Abhijit Chatterjee, Managing Director and Chief Executive Officer of Adage Automation, said the funding will enable the company to accelerate its global expansion, invest further in AI-powered digital technologies and advanced analytical solutions, and strengthen its position as a trusted partner to the world's leading energy, petrochemical and process industries.
The company also plans to deepen its presence across the Middle East, Africa, Europe and the United States. According to the release, its expanding technology portfolio is intended to help customers improve operational efficiency, predictive maintenance, regulatory compliance and sustainability outcomes.
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