Incryo Systems
Incryo Systems is an Indian manufacturer of cryogenic and industrial gas equipment — vaporizers, tanks, pumps, valves, and switching systems — serving steel, oil & gas, medical, pharmaceutical, and other industrial customers across more than 15 countries.
- Company typePrivate
- Founded2014
- HeadquartersVadodara, India
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Incryo Systems does
Incryo Systems Pvt. Ltd. is an Indian manufacturer of cryogenic, medical, and industrial gas equipment, headquartered in Vadodara, Gujarat, with manufacturing operations in Jambusar. Founded in 2014, the company designs and produces vaporizers, cryogenic storage tanks, pumps and valves, and switching systems used across steel, oil & gas, medical, pharmaceutical, automotive, food & beverage, energy, offshore, glass, and tyre industries. The company operates with a workforce of 11-50 employees across two large manufacturing facilities and maintains a US sales office in Oceanside, California.
The company's product portfolio centers on vaporizer systems, including ambient air, steam, electric, water bath, and a Dual Gas NH3/N2 Vaporizer that the company describes as a first-of-its-kind offering. It complements vaporizers with cryogenic tanks, pumps, valves, and switching systems built for low-temperature industrial gas applications. Incryo emphasizes proprietary manufacturing processes, including cleaning protocols for cryogenic equipment, and reports 12 decades of combined industry experience across its team. There is no evidence of software, AI, or recurring-revenue digital products in the offering.
Incryo operates a project-based B2B sales model, delivering customized cryogenic and industrial gas equipment to industrial customers. Its disclosed geographic reach spans India, UAE, Saudi Arabia, Iran, Jordan, Egypt, Bahrain, USA, Italy, Russia, Korea, South East Asia, Mozambique, and other parts of Europe and Africa. Revenue mechanics appear tied to one-off equipment sales and project contracts rather than subscription or recurring revenue, and no funding rounds or M&A activity have been disclosed.
Incryo Systems firmographics
Firmographics- Name
- Incryo Systems
- Legal name
- Incryo Systems Pvt. Ltd.
- Website
- https://incryosystems.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Incryo Systems is an Indian manufacturer of cryogenic and industrial gas equipment — vaporizers, tanks, pumps, valves, and switching systems — serving steel, oil & gas, medical, pharmaceutical, and other industrial customers across more than 15 countries.
- Ownership category
- akta.pro rank
Incryo Systems industry classification
Industry- Product category
- Industrial Cryogenic 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)
- SIC
- Refrigeration & Service Industry Machinery (3580), Oil & Gas Field Machinery & Equipment (3533)
- akta.pro primary industry
- Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI)
- akta.pro secondary industries
- Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL), Anesthesia & Respiratory Gas Delivery Equipment (Breathing Circuits, Vaporizers, Gas Mixers) (HLAHAGAK)
Keywords
Where Incryo Systems is headquartered
LocationHeadquarters
- HQ city
- Vadodara
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
Incryo Systems business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Cryogenic Equipment Sales: Sale of manufactured cryogenic equipment including vaporizers, tanks, valves, and components. Products are sold as one-time purchases with potential for repeat orders from industrial customers.
- Installation and Professional Services: Professional installation and service solutions for cryogenic equipment including bulk tank installation, medical gas installation, cryogenic gas installations, pipe installation, aluminum fabrication, nitrogen purging, and nitrogen drying services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom quote-based pricing for enterprise and industrial customers |
Distribution channels2 records
Marketing channels2 records
Incryo Systems product offering
Product offeringCore offering
Incryo Systems designs, manufactures, installs, and commissions cryogenic, medical, and industrial gas equipment, including vaporizers (ambient, forced draft, hot water bath, fuel/steam heated, LNG, dual gas NH3/N2, electrical, direct steam, purging), cryogenic storage tanks (LIN/LOX/LAR/LNG), pressure building coils, switching systems, and GROFE pumps and valves. The company also delivers professional services such as bulk tank installation, medical gas installation, pipe installation, aluminum fabrication, nitrogen purging, and nitrogen drying, primarily serving industrial customers in steel, oil & gas, medical, automobile, food & beverage, pharmaceutical, energy, offshore, glass, and tyre sectors across 14+ countries.
Product overview
Incryo Systems is an Indian-based manufacturer of cryogenic and industrial gas equipment. Their product portfolio consists of multiple distinct product lines organized into four categories: Vaporizers (including Hot Water Bath Vaporizers, Ambient Vaporizers, Forced Draft Vaporizers, Fuel/Steam Heated Vaporizers, Direct Steam Heated Vaporizers, Electrical Vaporizers, LNG Vaporizers, Purging Vaporizers, and Dual Gas NH3/N2 Vaporizer), Tanks (Cryogenic Tanks for storing LIN, LOX, LAR, LNG), Components (Pressure Building Coils and GROFE Pumps & Valves), and Systems (LIN/LOX/LAR/LNG Switching Systems). The company also offers custom engineering solutions alongside their standard product lines, serving customers worldwide in industries including steel, oil & gas, medical, automobile, food & beverages, pharmaceutical, energy, offshore, glass, and tyre sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Hot Water Bath Vaporizers High-rate vaporizers designed for continuous duty applications in cryogenic gas systems, providing vaporization of liquid cryogens using a hot water bath.
- Ambient Vaporizer
- Forced Draft Vaporizer
- Fuel or Steam Heated Vaporizers
- Dual Gas NH3/N2 Vaporizer
- LNG Vaporizer
- Purging Vaporizers
- Electrical Vaporizers
- Direct Steam Heated Vaporizers
- Cryogenic Tank
- Pressure Building Coils
- LIN/LOX/LAR/LNG Switching Systems
- GROFE Pumps & Valves
- Cryogenic Installation and Professional Services
Companies that use Incryo Systems
Customer profileSegments11 records
Ideal customer profiles4 records
Incryo Systems technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Incryo Systems partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights5 records
Incryo Systems competitors and assessment
Company assessmentDirect peers
- Herose GmbH: German specialist in cryogenic valves and safety devices for LNG, industrial gas, and medical gas applications. Comparable in component-level expertise to Incryo's GROFE pumps and valves line.
- Cryonorm: European cryogenic equipment manufacturer producing vaporizers, ambient air vaporizers, and LNG equipment. Comparable mid-sized competitor to Incryo in scope and product mix.
- Chart Industries: US-based global leader in cryogenic equipment, including bulk tanks, trailers, vaporizers, and LNG/LOX/LIN distribution systems. Competes with Incryo across virtually every product line, though at materially larger scale.
- ACME Cryogenics: US manufacturer of cryogenic valves, vaporizers, manifolds, and gas handling equipment for industrial gas and medical applications. Overlaps Incryo's component and small-system offerings.
- INOX India: Indian manufacturer of cryogenic storage tanks, vaporizers, and LNG equipment serving industrial gas, medical, and energy customers. Closest geographic and product-line competitor to Incryo, with a larger installed base in India and similar export footprint.
- FIBA Technologies: North American manufacturer of cryogenic bulk storage tanks, trailers, and vaporizers for industrial gas distribution. Directly comparable product portfolio to Incryo's tanks and vaporizers line.
- VRV Asia (now part of Chart Industries): Indian cryogenic tank and equipment manufacturer now operating under Chart Industries. Most direct India-based head-to-head competitor to Incryo in storage tanks and vaporizers.
Broad incumbents
- Linde Engineering: Engineering arm of Linde plc supplying turnkey air separation, hydrogen, and LNG plants including cryogenic heat exchangers and cold boxes. Overlaps with Incryo on cryogenic process equipment but operates at EPC scale.
- MAN Energy Solutions: Global supplier of compressors, turbo machinery, and LNG/gas handling systems. Adjacent to Incryo via cryogenic compression and gas handling equipment used by LNG/industrial gas customers.
- Air Liquide Engineering & Construction: Engineering and construction division of Air Liquide delivering ASU and large-scale cryogenic plants. Competes with Incryo for industrial gas equipment procurement but typically on integrated plant scopes.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights7 records
Customer concentration
Incryo Systems social profiles
Digital presenceIncryo Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
Incryo Systems leadership team
Management profileNumber of profiles
Incryo Systems funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Incryo Systems M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Incryo Systems
What does Incryo Systems do?
Incryo Systems designs, manufactures, installs, and commissions cryogenic, medical, and industrial gas equipment, including vaporizers (ambient, forced draft, hot water bath, fuel/steam heated, LNG, dual gas NH3/N2, electrical, direct steam, purging), cryogenic storage tanks (LIN/LOX/LAR/LNG), pressure building coils, switching systems, and GROFE pumps and valves. The company also delivers professional services such as bulk tank installation, medical gas installation, pipe installation, aluminum fabrication, nitrogen purging, and nitrogen drying, primarily serving industrial customers in steel, oil & gas, medical, automobile, food & beverage, pharmaceutical, energy, offshore, glass, and tyre sectors across 14+ countries.
Is Incryo Systems a public or private company?
Incryo Systems is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Incryo Systems founded?
Incryo Systems was founded in 2014. It employs 11 to 50 people.
Where is Incryo Systems based?
Incryo Systems is headquartered in Vadodara, India, in the Asia region.
How does Incryo Systems make money?
Two revenue lines are on record. Cryogenic Equipment Sales are the primary driver. The others are installation and Professional Services.
Who are Incryo Systems's main competitors?
Direct peers on record are Herose GmbH, Cryonorm, Chart Industries, ACME Cryogenics, INOX India, FIBA Technologies and VRV Asia (now part of Chart Industries). Broad incumbents are Linde Engineering, MAN Energy Solutions and Air Liquide Engineering & Construction.
Does Incryo Systems have an API?
No public API is recorded for Incryo Systems.
What industry is Incryo Systems in?
Incryo Systems's product category is Industrial Cryogenic Equipment. Its primary akta.pro industry code is IMAHAEAI, Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems), with a secondary code of IMAEACAL, Gas Handling Equipment & Storage (Cylinders/Tanks/Valves). Its NAICS code is 333415 and its SIC code is 3580.