Peenya Industrial Gases

What Peenya Industrial Gases does

Peenya Industrial Gases Private Limited is a privately held industrial gas manufacturer and distributor founded in 1990 by Damodharan Madhusudanan Pillay and co-founder Geetha Pillay, headquartered in Bangalore's Peenya Industrial Area. The company produces, bottles, stores, and distributes a comprehensive range of industrial, medical, specialty, calibration, and refrigeration gases — including Argon, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Dissolved Acetylene, USP-grade medical gases, and refrigerant gases — alongside cryogenic liquids (LOX, LIN, LAR, LCO2) and dry ice in block and pellet form. It operates what it describes as India's largest Liquid CO2 manufacturing plant at 150 tons per day (ISBT standard), with substantial cryogenic storage capacity (250 tons Argon, 500 tons CO2, 55 tons Oxygen, 50 tons Nitrogen) and in-house engineered delivery systems covering individual cylinders, multiple-cylinder packages, packed trolleys at 150/200 bar, and bulk cryogenic tankers from 3KL to 20KL.

The company serves manufacturing, automobile, steel, electronics, glass and paints, fabrication, food and beverage, pharmaceutical, medical, aviation, research, environmental, and oceanography customers across South India through 8 integrated branches in Karnataka, Tamil Nadu, and Kerala, backed by 300+ employees, over 70,000 cylinders, and 60+ delivery vehicles including in-house-built tailift cylinder trucks. Its revenue model is primarily industrial gas sales on a usage/delivery basis, supplemented by one-time sales of gas equipment (valves, hoses, manifolds, gauges, alarm systems), hydrostatic cylinder testing services, and cryogenic vessel maintenance services (refurbishment, re-vacuuming, leak testing, pipeline rework). The go-to-market is enterprise field sales with direct distribution: orders are taken via inquiry forms, member login, and branch-level phone/email contact, with no disclosed digital self-serve channel or public pricing.

The business is founder-owned and bootstrapped — there is no evidence of institutional, private equity, or venture capital investment. It operates under IMS (Integrated Management System) certification and reports no public revenue, funding, or valuation. The market opportunity is anchored in dense industrial clusters such as Peenya (over 3,500 MSMEs, Rs 35,000 crore annual turnover, ~13 lakh workers), where reliable doorstep delivery and a single-vendor gas portfolio are the primary commercial differentiators against national industrial gas majors.

Name

Peenya Industrial Gases

Legal name

Peenya Industrial Gases Private Limited

Website

https://peenyagas.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Peenya Industrial Gases is a Bangalore-based, privately held industrial gas manufacturer and distributor founded in 1990 that produces, stores, and delivers industrial, medical, specialty, and cryogenic gases to manufacturing, healthcare, and research customers across South India through 8 branches in Karnataka, Tamil Nadu, and Kerala.

Ownership category

akta.pro rank

Product category

Industrial Gases Manufacturing

NAICS

Industrial Gas Manufacturing (32512), Industrial Gas Manufacturing (325120)

SIC

Industrial Organic Chemicals (2860)

akta.pro primary industry

Air Separation (Oxygen/Nitrogen/Argon) (IMAEACAA)

akta.pro secondary industries

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI), Specialty & Calibration Gas Mixtures (IMAEACAE), Medical & Healthcare Gases (IMAEACAF), Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI), Electronics & Semiconductor High-Purity Gases (IMAEACAG), Electronic Specialty Gases (UHP gases for fabs) (IMAEAKAI), Process Gases & Gas Delivery Consumables (Specialty/Bulk/UHP) (HDAHAGAL), Industrial Gases (Compressed/Cryogenic) Bulk Transport (TLADALAE)

Keywords

• Industrial gases manufacturing
• Cryogenic liquid supply
• Medical gas distribution
• Gas equipment supply
• Hydrostatic cylinder testing

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. Industrial Gases Sales: Sale of industrial gases including Argon, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Dissolved Acetylene, specialty gases, calibration gases, and medical gases. Revenue generated from product sales at various delivery formats (cylinders, cryogenic liquids, bulk tankers).
2. Gas Equipment Sales: Sale of gas equipment including cylinder valves, master shutoff valves, hoses, pressure gauges, manifolds, and alarm systems.
3. Hydrostatic Cylinder Testing Services: Testing services for gas cylinders using water jacketed and non-jacketed methods to ensure safety compliance.
4. Cryogenic Vessel Maintenance Services: Maintenance services including outer body refurbishing, painting, re-vacuuming, leak testing, and pipeline reworks for cryogenic vessels.
5. Dry Ice Production and Sales: Production and sale of dry ice in blocks (0.5-10kg) and pellets (3mm & 19mm diameter) with daily production capacity of 25 tons blocks and 6 tons pellets.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Peenya Industrial Gases manufactures and supplies industrial gases (Argon, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, Acetylene), specialty and calibration gas mixtures, medical and refrigeration gases, cryogenic liquids, and dry ice. The company also sells gas equipment (valves, hoses, gauges, manifolds) and provides hydrostatic cylinder testing and cryogenic vessel maintenance services to industrial customers across South India through 8 branches.

Product overview

Peenya Industrial Gases Private Limited is an industrial gas manufacturer offering a comprehensive portfolio of products and services for various industries. The core offerings include industrial gases (Argon, Nitrogen, Oxygen, Carbon Dioxide, Hydrogen, Helium, and specialty gases), industrial gas mixtures, medical gases, refrigeration gases, and cryogenic liquids (Liquid Argon, Liquid Oxygen, Liquid Nitrogen, Liquid Carbon Dioxide), as well as Dry Ice in blocks and pellets. Supporting services include Hydrostatic Cylinder Testing, Cryogenic Vessel Maintenance, and multiple delivery patterns (individual cylinders, multiple cylinder packages, packed trolleys at 150/200 bar, cryogenic liquid cylinders, and bulk mobile tankers). The company also offers gas equipment products including cylinder valves, hoses, pressure gauges, and manifolds. Founded in 1990 and headquartered in Bangalore, the company operates 8 branches across Karnataka, Tamil Nadu, and Kerala with over 300 employees.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Gases

Quantifiable outcome

• Oxygen: 20,000 m³/day; Argon: 25,000 m³/day; Nitrogen: 6,000 m³/day; CO2: 25,000 kg/day bottling capacity

Named customers13 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Inox Air Products: Joint venture between Inox Group and Air Products, one of India's largest industrial gas manufacturers with nationwide ASU and distribution operations. Directly comparable as a producer of oxygen, nitrogen, argon and a broad industrial gas portfolio serving the same end-markets.
• Bharat Industrial Gases (BIG): Indian industrial and specialty gas manufacturer with multi-state manufacturing and distribution operations. Closely comparable as a domestic Indian gas producer competing for similar MSME, fabrication and welding customers.
• National Oxygen Ltd: Indian industrial gas manufacturer producing oxygen, nitrogen, argon and acetylene with South India presence. Comparable regional competitor targeting similar manufacturing and metalworking customers.
• Southern Gas Limited: South India-based industrial gas manufacturer and distributor with manufacturing and bottling operations. Closely comparable as a regional peer serving similar Karnataka/Tamil Nadu industrial clusters.

Broad incumbents

• Linde India: Indian subsidiary of Linde plc (global industrial gas major), operating nationwide merchant and on-site gas supply including oxygen, nitrogen, argon, hydrogen and specialty gases. A larger incumbent with pipeline networks that competes for large South India accounts.
• Air Liquide India: Indian arm of Air Liquide S.A., supplying industrial and medical gases with nationwide ASU and on-site operations. Comparable product portfolio (O2, N2, Ar, H2, CO2, specialty) and broad customer overlap in manufacturing and healthcare.
• Praxair India (now part of Linde India): Previously an independent multinational industrial gas major in India, now merged with Linde India post the global Linde-Praxair combination. Historically competed head-to-head with regional players for merchant and on-site industrial gas contracts across South India.

Regional players

• Shree Cryogenic Gases: Indian cryogenic liquid and industrial gas supplier operating in specific regional markets. Comparable in offering cryogenic liquids and bulk gas supply to industrial customers, though with narrower geographic reach than Peenya.
• Ellenbarrie Industrial Gases: Kolkata-headquartered industrial and medical gas manufacturer with a growing multi-state footprint. Comparable Indian gas producer serving manufacturing and medical customers; relevant as a fellow domestic consolidator rather than direct South India competitor.

Emerging players

• Refex Industries (medical & industrial gases): Listed Indian company with growing presence in industrial gases, medical oxygen and refrigerant gases. Comparable in its expansion into medical and specialty gases serving South Indian industrial and healthcare customers; emerging scale competitor.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Peenyagas
• LinkedInlinkedin.com/company/peenya-industrial-gases-pvt-ltd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Peenya Industrial Gases