Praxair India

What Praxair India does

Praxair India Private Limited is a wholly-owned subsidiary of Linde plc (NYSE: LIN), the world's largest industrial gases and engineering company operating in more than 80 countries. Founded in 1996 and headquartered in Bangalore, the company produces and distributes atmospheric gases (oxygen, nitrogen, argon, carbon dioxide), hydrogen, helium, rare gases (krypton, neon, xenon), specialty gases under the HiQ program, refrigerants, packaged chemicals, and medical gases (Oxygen IP, Nitrous Oxide IP, ENTONOX, Carbon Dioxide USP) to industrial and healthcare customers across India. Its core technology stack is inherited from Linde, including over 356 ASU patents, the proprietary HyCO plant design (the only company globally designing/owning/operating hydrogen and synthesis gas plants with proprietary technologies), ECOVAR standardized on-site plants, and turnkey Medical Gas Pipeline Systems compliant with HTM, NFPA, and ISO standards.

The company's go-to-market is enterprise-direct, supplying customers through five distinct modes: compressed gas cylinders (including MOBI and EVOS integrated packages), drum tanks, bulk cryogenic liquid deliveries, pipeline networks, and on-site Build-Own-Operate (BOO) plants. It serves six primary verticals — chemicals, healthcare, electronics, food and beverage, metals and fabrication, and construction — with three segments (chemicals, healthcare, electronics) flagged as primary. Monetization is primarily through long-term gas supply contracts, including volume-based industrial gas sales, BOO managed services where Praxair owns and operates on-site production assets, and regulated medical gas pricing under NPPA oversight. Complementary revenue streams include gas management services (ACCURA, DIGIGAS, SECCURA) and application technologies (OXYMIX, REBOX, PLASTINUM, CRYOLINE, MAPAX, LOTOX).

Recent strategic activity underscores expansion: a ₹210 crore MoU with the Karnataka government (November 2025) for new liquid oxygen and nitrogen production units, and a long-term BOO agreement with Deepak Chem Tech Limited (April 2026) for a dedicated HyCO plant at DCTL's polycarbonate facility in Dahej, Gujarat, commissioning in 2028. The company employs 10,000+ people and operates under the Linde corporate umbrella, leveraging its parent's global R&D, sourcing network, and brand.

Name

Praxair India

Legal name

Praxair India Private Limited

Website

https://praxair.co.in

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Praxair India Private Limited is a wholly-owned subsidiary of Linde plc that produces and distributes industrial, specialty, and medical gases across India. It serves chemicals, healthcare, electronics, metals, food and beverage, and construction customers via cylinders, bulk, pipeline, and on-site Build-Own-Operate supply models.

Ownership category

akta.pro rank

Product category

Industrial Gases

NAICS

Industrial Gas Manufacturing (32512)

SIC

Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Industrial Gas & Air Separation Equipment (ASU, PSA, Cryogenic Systems) (IMAHAEAI)

akta.pro secondary industries

Medical & Healthcare Gases (IMAEACAF), Gas Handling Equipment & Storage (Cylinders/Tanks/Valves) (IMAEACAL), Oxygen Therapy Systems (Concentrators, Cylinders, Liquid O2, HFNC) (HLAHAGAD)

Keywords

• Industrial gases supply
• Medical gases distribution
• Specialty gas mixtures
• On-site gas plants
• Cryogenic bulk supply

Headquarters

HQ city

Marandahalli

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Industrial Gases Sales: Sale of atmospheric gases (oxygen, nitrogen, argon), specialty gases, and rare gases through various supply modes including cylinders, bulk deliveries, and pipeline supply. Revenue generated from product sales across diverse industries.
2. On-Site Plant Operations (BOO Model): Build-Own-Operate arrangements where Praxair builds, owns and operates on-site gas production plants (ASUs, HyCO plants) for customers under long-term gas supply agreements. Customers pay for gas supplied without capital expenditure.
3. Medical Gases: Supply of medical gases including Oxygen IP, Nitrous Oxide IP, and ENTONOX to healthcare facilities. Medical oxygen is regulated as essential medicine under NPPA pricing control.
4. Gas Management Services: ACCURA gas cylinder management, ACCURA bulk tank management, DIGIGAS smart cylinder management, SECCURA automatic gas supply, emergency services, and LIPROTECT quality and safety consulting services.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels2 records

Core offering

Praxair India manufactures, distributes, and supplies industrial, medical, and specialty gases—including atmospheric gases (oxygen, nitrogen, argon, carbon dioxide), hydrogen, helium, rare gases, refrigerants, packaged chemicals, and medical gases. Products are delivered via cylinders, drum tanks, bulk cryogenic supply, pipeline networks, and Build-Own-Operate on-site plants (ECOVAR, ASUs, HyCO). The company also provides gas management services, process/application technologies, and turnkey Medical Gas Pipeline Systems for hospitals.

Product overview

Praxair India is an industrial gases company operating as a Linde company, offering a comprehensive portfolio of gases, supply modes, and application technologies. The core product portfolio includes atmospheric gases (oxygen, nitrogen, argon, carbon dioxide), specialty gases under the HiQ program, hydrogen (gray, blue, green variants), helium, rare gases (krypton, neon, xenon), refrigerants (CFCs, HCFCs, HFCs, HFOs, natural refrigerants), medical gases (Oxygen IP, Nitrous Oxide IP, ENTONOX, Carbon Dioxide USP), packaged chemicals, diving gases, and fumigation gases. These products are delivered through multiple supply modes: cylinders (including MOBI, EVOS integrated packages), drum tanks, bulk supply, pipeline deliveries, and on-site plants (ECOVAR standardized systems, Air Separation Units, and HyCO plants under Build-Own-Operate models). The company also provides gas management services (ACCURA cylinder and tank management, DIGIGAS smart cylinders, SECCURA automatic supply), process solutions (OXYMIX, REBOX, PLASTINUM, CRYOLINE, ACCU-CHILL, MAPAX, LOTOX), and turnkey Medical Gas Pipeline Systems for healthcare facilities. The offerings span industries including chemicals, food and beverage, healthcare, electronics, metals, construction, refining, pharma, and plastics.

Differentiator

Problem solved

Functional benefit

Products and services

• Atmospheric Gases Core industrial gases (oxygen, nitrogen, argon, carbon dioxide, synthetic/compressed air) supplied in different purity grades and concentrations via multiple supply modes for industrial and healthcare applications.
• Specialty Gases (HiQ Program) High-purity specialty gases and accurate gas mixtures (HiQ program) with component concentrations from percent range down to part per billion or trillion, paired with precision-engineered supply systems.
• Hydrogen Hydrogen production, storage, and distribution in gray, blue, and green variants. Linde operates the world's largest liquid hydrogen capacity and distribution system.
• Helium Helium supplied from one of the world's most extensive sourcing networks, processed and distributed globally through 50-plus transfill facilities.
• Rare Gases (Krypton, Neon, Xenon) Rare or noble gases (neon, krypton, xenon) produced through cryogenic separation and purification for electronics, lighting, aerospace, and healthcare applications, including laser gas mixtures.
• Refrigerants Wide range of refrigerants including CFCs, HCFCs, HFCs, HFOs, and natural refrigerants (ammonia, carbon dioxide, hydrocarbons) with reclamation, recovery, and waste management services.
• Medical Gases Medical gases manufactured to Indian Pharmacopeia 2018 standards, including Oxygen IP, Nitrous Oxide IP, ENTONOX for anesthesia/analgesia, and Carbon Dioxide USP, for healthcare facilities.
• Medical Gas Pipeline System (MGPS) Turnkey medical gas pipeline systems for hospitals, providing safe and reliable delivery of medical gases from source to terminal units, designed to HTM, NFPA, and ISO standards.
• Packaged Chemicals Packaged gaseous chemicals including ammonia, carbon monoxide, chlorine, ethylene, ethylene oxide, hydrogen chloride, sulfur dioxide, and sulfur hexafluoride in cylinder, drum, ISO container, and trailer formats.
• Electronics Gases and Specialty Chemicals Ultra-pure gases, wet chemicals, and delivery systems for semiconductor, display, solar panel, LED, and lithography applications, including bulk gases, specialty gases, isotopes, rare gases, and on-site generation systems.
• On-Site Plants (ECOVAR, ASU, HyCO) On-site gas production including ECOVAR standardized systems, Air Separation Units (ASUs) producing up to 5500 tpd, and HyCO plants for hydrogen and carbon monoxide, operated under Build-Own-Operate long-term gas supply agreements.
• Cylinder Supply Low- and high-pressure gas cylinders in various sizes (1L mini cylinders to 50L+ high-volume), including integrated packages such as MOBI and EVOS families with integrated valves, guards, and regulators.
• Drum Tanks Ton tanks providing between 400 kg and 1500 kg of product, ideal for low- to medium-pressure packaged gases including refrigerants and packaged chemicals.
• Bulk Supply (Cryogenic Liquids) Cryogenic liquid and high-pressure gas bulk deliveries with vacuum-insulated storage vessels on customer sites, with optional telemetry for real-time remote monitoring.
• Pipeline Deliveries Pipeline supply networks for ultra-high-volume gas delivery (oxygen, nitrogen, hydrogen, carbon monoxide, syngas) directly to industrial complexes.
• Gas Management Services (ACCURA, SECCURA, DIGIGAS) Cloud-based cylinder management (ACCURA), bulk tank tracking, smart gas cylinder monitoring (DIGIGAS), and automatic gas supply (SECCURA) for continuity of supply and process optimization.
• Process Solutions (OXYMIX, REBOX, PLASTINUM, CRYOLINE, ACCU-CHILL, MAPAX, LOTOX) Application technologies including oxygen injectors (OXYMIX), oxyfuel reheating (REBOX), foaming (PLASTINUM), freezing (CRYOLINE), chilling (ACCU-CHILL), modified atmosphere packaging (MAPAX), and NOx removal (LOTOX).
• Diving Gases Diving gas mixtures including nitrox (enriched oxygen air) and tri-component blends of oxygen, nitrogen, and helium for leisure, research, and industrial diving applications.
• Fumigation Gases Pest control and fumigation gases using industrial gases for pre-treatment of soil and post-treatment of harvested and stored products, offering improved penetration and shorter treatment times.

Named customers1 record

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Deepak Chem Tech Limited (DCTL)coreStrategic or Co-development Partner · 30 April 2026Deepak Chem Tech Limited, a wholly owned subsidiary of Deepak Nitrite Limited, entered into a long-term agreement with Praxair India for a dedicated onsite HyCO (hydrogen/carbon monoxide) plant at DCTL's upcoming polycarbonate manufacturing facility in Padariya, Dahej, Gujarat. Praxair India will build, own and operate the facility under a Build-Own-Operate model. The on-site facility is expected to be commissioned in 2028, aligned with DCTL's polycarbonate plant schedule, to secure reliable long-term supply of critical raw materials for India's first large-scale Polycarbonate Resin ecosystem.
• Linde plccoreOthersPraxair India is a subsidiary of Linde plc, a leading global industrial gases and engineering company. Linde operates in more than 80 countries worldwide and provides industrial, specialty and medical gases along with related process technologies.

Scale indicators1 record

Recent moves3 records

Expansion highlights5 records

Direct peers

• Air Liquide India: Air Liquide's India subsidiary competes head-to-head with Praxair India in atmospheric, specialty, and medical gases, supplying large industrial and healthcare customers through similar on-site, bulk, and cylinder supply models.
• Air Products India: Air Products operates in India's industrial and hydrogen markets with ASU, on-site, and specialty gas offerings that directly overlap with Praxair India's portfolio, particularly for chemicals, refining, and electronics customers.
• INOX Air Products: INOX Air Products is one of the largest Indian industrial and medical gas producers serving customers via bulk, cylinder, and on-site supply, competing directly with Praxair India across multiple verticals.

Emerging players

• SOL Group: SOL Group supplies industrial and medical gases across Europe with growing presence in emerging markets, overlapping with Praxair India's atmospheric and medical gas product families.

Regional players

• Ellenbarrie Industrial Gases: Ellenbarrie is a long-standing Indian industrial gas manufacturer producing atmospheric gases and operating a regional distribution network that overlaps with Praxair India's domestic footprint.
• Bhuruka Gases India: Bhuruka Gases operates atmospheric and specialty gas plants in India, targeting industrial and medical customers in regions where Praxair India's distribution network also serves volume customers.

Broad incumbents

• Nippon Sanso (Taiyo Nippon Sanso): Nippon Sanso operates globally with strong specialty and electronics gases offerings, expanding in Asia and competing for the same semiconductor, refining, and industrial accounts that Praxair India targets.
• Messer Group: Messer is a global industrial gases incumbent re-entering and expanding in India through its CVC partnership, offering atmospheric, specialty, and medical gases with comparable delivery modes to Praxair India.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/praxairinc

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Praxair India