Metalex

What Metalex does

Metalex Cryogenics Limited is a Pune-based, family-owned industrial refrigeration equipment manufacturer founded in 1968, currently operating with 51-100 employees and spanning two generations of engineering leadership. The company designs and manufactures reciprocating ammonia (R-717) compressors in water-cooled (MX series, 1-12 cylinder, up to 1325 kW capacity) and air-cooled (ISH series) configurations, alongside tube ice machines, low- and high-pressure vessels, oil separators, evaporative condensers, purgers, valves, and liquid level gauges. The product portfolio is built around ammonia-based industrial refrigeration rather than commercial HFC systems, positioning the company in a process-industry niche.

Metalex extends its offering through representation agreements with TH. WITT GmbH (Germany) for hermetic and open refrigerant pumps and float regulators, HB Products (Denmark) for NH3/CO2 sensors, level controllers, and defrost sensors, and Havells (India) for IE3/IE2 premium efficiency motors. This allows the company to act as a one-stop system integrator for ammonia and CO2 refrigeration projects. The business model combines hardware sales (equipment, parts, accessories) with professional services (turnkey project execution for meat processing, cold storage, ice plants, chemical, dairy, and beverage facilities) and recurring managed services (warranty registration and AMC contracts). Go-to-market is sales-led via four direct offices (Pune, Vadodara, Navi Mumbai, New Delhi) complemented by eight authorized distributors across India, with international distribution rights covering Nepal, Sri Lanka, and Bangladesh. Pricing is quote-based with no public disclosure.

Name

Metalex

Legal name

Metalex Cryogenics Limited

Website

https://metalexgroup.com

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

51–100 employees

Short description

Metalex Cryogenics Limited is a Pune-based, family-owned industrial refrigeration equipment manufacturer founded in 1968 that designs, manufactures, and installs ammonia-based reciprocating compressors, ice machines, vessels, and turnkey refrigeration systems for meat, cold storage, ice, chemical, and dairy customers in India and South Asia.

Ownership category

akta.pro rank

Product category

Industrial Refrigeration Equipment

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Pump and Compressor Manufacturing (33391), Refrigeration Equipment and Supplies Merchant Wholesalers (423740)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580), General Industrial Machinery & Equipment (3560)

akta.pro primary industry

Commercial & Industrial Refrigeration Systems (IMAHAKAA)

akta.pro secondary industries

Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Cold Chain & Temperature-Controlled Storage Equipment (IMAHAKAJ), Compressors, Refrigeration Components & Condensing Units (IMADANAG), Refrigeration & Cold-Chain Equipment Service (IMAIABAE)

Keywords

• Industrial refrigeration equipment
• Ammonia compressors
• Tube ice machines
• Refrigeration vessels
• Turnkey refrigeration projects

Headquarters

HQ city

Pune

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Equipment Manufacturing: Manufacturing and sale of industrial refrigeration equipment including compressors, ice machines, vessels, and accessories.
2. Turnkey Project Solutions: Complete project execution for meat, cold storages, and ice plants including design, installation, and commissioning of refrigeration systems.
3. Parts and Accessories: Sale of replacement parts, spare components, and accessories for refrigeration equipment through parts store.
4. Warranty and AMC Services: Warranty registration and Annual Maintenance Contract (AMC) services for ongoing customer support.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Metalex designs, manufactures, and sells industrial ammonia refrigeration equipment including reciprocating piston compressors (MX and ISH series), tube ice machines, pressure vessels, evaporative condensers, and system accessories. The company also executes complete turnkey refrigeration projects for meat processing, cold storage, and ice plants, and represents TH. WITT (Germany) refrigerant pumps, HB Products (Denmark) sensors, and Havells energy-efficient motors in South Asia.

Product overview

Metalex is an equipment manufacturer and project engineering company providing individual refrigeration equipment and complete turnkey projects for industrial applications including meat processing, cold storages, and ice plants. The product portfolio centers on ammonia-based (R-717) industrial refrigeration systems featuring reciprocating piston compressors in the MX Series (water-cooled) and ISH Series (air-cooled), complemented by tube ice machines, pressure vessels (low/high pressure receivers, oil separators), and system accessories (stop valves, liquid level gauges, non-return valves, purgers). Metalex extends its offering through strategic representation of HB Products (Denmark) for sensors and level control systems and TH. WITT (Germany) for refrigerant pumps and float regulators, plus HAVELLS energy-efficient motors. The portfolio also includes evaporative condensers and comprehensive project execution capabilities, positioning Metalex as a one-stop provider for ammonia and CO2 industrial refrigeration solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• MX Series Water Cooled Refrigeration Compressors Reciprocating ammonia refrigeration compressors in single and two stage configurations from 1 to 12 cylinder machines with capacity range up to 1325 kW. Feature stainless steel water jacket, cover and flange for corrosive resistance. Designed for industrial ammonia refrigeration installations.
• ISH Series Air Cooled Refrigeration Compressors Air cooled reciprocating ammonia refrigeration compressors in single stage configuration from 1 to 12 cylinders, for industrial ammonia applications where air cooling is preferred.
• MXT Series Refrigeration Compressors Reciprocating refrigeration compressors in T series configuration for industrial ammonia applications.
• Direct Drive Compressors Direct drive configuration refrigeration compressors that enable direct motor coupling for industrial ammonia refrigeration systems.
• Package Unit Compressors Pre-packaged compressor units for industrial refrigeration applications, integrating compressor and auxiliary components for ease of installation.
• Tube Ice Machine Industrial tube ice machines producing solid tubular ice pieces of uniform size with longer shelf life. Manufactured as per ASME code for high energy efficiency and low maintenance, for use in food processing and industrial ice production.
• Low Pressure Vessels Pressure vessels designed for the low pressure side of ammonia refrigeration systems.
• High Pressure Vessels High pressure receivers providing the main source of liquid refrigerant storage for ammonia refrigeration systems.
• Oil Separator Horizontal or vertical oil separators that ensure return of compressor lubricating oil, preventing compressor breakdown and protecting against liquid hammer damage.
• Stop Valves Fully fabricated and casted ammonia valves from 1/2 inch to 6 inch in L and Y types, withstanding up to 20 bar g pressure and temperature range from -40 to 120 degrees C.
• Liquid Level Gauges Ductile steel liquid level glasses meeting industrial and marine refrigeration installation requirements, available with welding nipples (LGX) or stop valves with caps (LGX SV), with built-in safety system.
• Non Return Valves Check valves for ammonia and non-flammable refrigerants ensuring correct flow direction with dampening effect for refrigerant lines with pulsation.
• Evaporative Condensers MEC series high efficiency heat exchange equipment using water and air as cooling agents, featuring water distribution system, condensing coils, wet deck, dehydrator, and propeller fan.
• Air Purger (MAP Series) Multipoint air purger removing non-condensable gases from ammonia refrigeration systems. Can connect to up to 16 purge points and maintains maximum operating efficiency.
• Water Purger (MWP Series) Water purger removing water contamination from ammonia refrigerant to increase freezing efficiency. Self-regulating with no regulation devices or maintenance required.
• Turnkey Project Solution Complete turnkey refrigeration project execution services for meat processing, cold storage, and ice plants, covering system engineering, design, installation, and commissioning of full refrigeration systems.
• IE3 Premium Efficiency Motors Premium energy efficient three-phase squirrel cage induction motors from HAVELLS, capacity range 0.18-355 kW, conforming to IS 12615:2014 and IEC 60034-30:2014 standards.
• IE2 Energy Efficient Motors Energy efficient three-phase squirrel cage induction motors from HAVELLS, capacity range 0.18-355 kW, suitable for continuous operation with high energy saving benefits.
• HRP Series Hermetic Refrigerant Pumps Hermetically sealed refrigerant pumps with integrated canned motor from TH. WITT Germany. Deliver up to 66 cubic meters per hour or to 70m height, suitable for pressures up to 65 bar including CO2 applications.
• GP Series Open Refrigerant Pumps Open type refrigerant pumps with flanged motors from TH. WITT Germany. Suitable for ammonia with capacity range 1-16 cubic meters per hour and delivery head up to 70m.
• High Pressure Float Regulators Mechanical float regulators (HR and WP models) from TH. WITT for expanding liquid refrigerant from high to low pressure side without gas passing.
• HBDF Defrost Sensors Automatic defrost sensors for evaporators using capacitive measuring principle. MK1 and MK2 versions available with up to 40% energy savings compared to timer-based defrosting.
• HBCP NH3 Compressor Protection Sensor Revolutionary sensor detecting gas and liquid refrigerant condition at compressor intake. Protects compressors against liquid hammer damage with instantaneous alarm; patent-pending technology.
• HBLC NH3 Level Controller Intelligent sensor with built-in microprocessor for controlling refrigerant levels. Controls modulating valve, pilot valve or stepper motor valve with programmable parameters.
• Oil Management Systems Complete oil management solutions including BDP oil return units, DWR heat exchangers, HDB stainless steel oil collectors, and HBOC intelligent oil level sensors/controllers.

Quantifiable outcome

• HBDF defrost sensor achieves up to 40% energy savings compared to conventional timer-based defrosting
• +2 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• TH. WITT GmbH (Germany)coreTechnology or IntegrationMetalex has a strategic partnership with TH. WITT GmbH of Germany for sale and distribution of their refrigerant pumps in India, Nepal, Sri Lanka, and Bangladesh. TH. WITT pumps are world leaders in re-circulation of different refrigerants including Ammonia, available in Hermetic (HRP Series) and Open Type (GP Series) versions.
• HB Products (Denmark)coreTechnology or IntegrationMetalex partners with HB Products of Denmark for providing optimal solutions for level measurement, control of oil and refrigerant for different refrigeration equipment and systems. HB Products has 20 years of experience in electronic sensors for Ammonia and other refrigerants including CO2.
• HavellscoreChannel Partner/ Reseller/ DistributorMetalex represents Havells for IE3 and IE2 premium energy efficient motors in India. Havells motors are the first of their kind in India conforming to IS 12615:2011 and IEC 60034-30:2008 standards, suitable for continuous operation with high energy savings.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Bitzer: German global leader in reciprocating and screw refrigeration compressors for industrial and commercial applications. Directly comparable to Metalex in core reciprocating compressor design and ammonia/CO2 industrial refrigeration.
• Frascold: Italian manufacturer of semi-hermetic and screw compressors for industrial and commercial refrigeration. Directly comparable compressor-level competition, especially in ammonia-compatible applications.
• Mayekawa (Mycom): Japanese industrial refrigeration specialist with strong ammonia system expertise serving food processing, cold storage, and ice plants — closely overlapping Metalex's industrial ammonia refrigeration and ice machinery portfolio.

Broad incumbents

• Danfoss Cooling: Global refrigeration components and controls manufacturer including valves, sensors, and compressors. Overlaps Metalex in components, controls, and increasingly system-level offerings.
• Emerson Climate Technologies (Copeland): Global compressor and refrigeration controls giant with deep product breadth. Overlaps with Metalex in compressors, sensors, and turnkey capability, with much larger R&D and distribution scale.
• GEA Refrigeration: Major industrial refrigeration and cold-chain systems provider with broad portfolio across compressors, turnkey cold stores, and food processing refrigeration. Competes with Metalex for large turnkey projects.
• Johnson Controls (YORK): Global HVAC and industrial refrigeration player with turnkey capability for large cold storage and food processing facilities. Competes with Metalex on integrated project bids.

Regional players

• Kirloskar Refrigeration: Indian manufacturer of industrial refrigeration compressors and systems. Directly comparable product overlap in reciprocating compressors serving Indian food, dairy, and cold-chain customers.
• Thermax: Indian industrial cooling and heating solutions provider serving process industries. Comparable in industrial cooling scope and Indian project execution; larger balance sheet enables bigger project wins.
• Voltas: Leading Indian HVAC&R and refrigeration contractor with strong domestic distribution. Closest Indian large-cap competitor for commercial and light industrial refrigeration projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/metalexc
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• LinkedInlinkedin.com/company/metalex-cryogenics-ltd
• Instagraminstagram.com/metalexcryogenicsltd/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

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 Metalex