INOX AIR PRODUCTS Unlisted Shares

INOX Air Products is the industrial and specialty gases arm of the prestigious INOX Group — one of India's most diversified and respected conglomerates with interests spanning industrial gases, renewable energy, fluorochemicals, multiplex entertainment, and clean energy. Formerly known as Industrial Oxygen Company Limited and established in 1963, INOX Air Products brings over six decades of industrial gas manufacturing experience to India's manufacturing and healthcare ecosystem. Unlisted shares are available through Valowth Capital — contact us for current pricing.

Headquartered in Navi Mumbai with an authorised capital of ₹46 crore and paid-up capital of ₹10.34 crore, INOX Air Products is a private limited company (CIN: U24999MH1963PTC012625) classified under industrial and specialty gases within the manufacturing sector. The company has registered charges indicating active operational borrowing — a ₹650 crore charge with HDFC Bank (modified July 2025) and a ₹500 crore charge registered March 2025 — pointing to significant scale of operations and asset base.

Industrial gases — oxygen, nitrogen, argon, hydrogen, acetylene, and specialty gas blends — are fundamental inputs for India's most critical industrial processes. Steel manufacturing uses oxygen in converters and electric arc furnaces; healthcare institutions require medical-grade oxygen continuously; glass, paper, and food processing use nitrogen for inerting and preservation; semiconductor and electronics manufacturing require ultra-high-purity specialty gases; and the rapidly growing green hydrogen economy needs electrolyzers fed by purified water and electricity. INOX Air Products serves all of these end-markets through an integrated production and distribution network.

Why INOX Air Products unlisted shares command serious investor attention:The INOX Group's brand, financial backing, and operational track record spanning six decades make INOX Air Products one of the most credible industrial gas investments available in the unlisted market. The group's disciplined capital allocation and professional management — demonstrated consistently across Inox Wind, Inox Leisure, and INOXGFL — translates directly into the quality of governance and financial management at INOX Air Products.

Industrial gas businesses are among the most defensible in the manufacturing sector: the equipment (air separation units, compressors, storage tanks) represents substantial capital investment that competitors cannot easily replicate, the gas distribution network with cylinders and bulk tankers creates enormous switching costs for customers, and long-term supply contracts with major industrial consumers provide 5–15 year revenue visibility. Once an industrial gas supplier is embedded in a steel plant's or hospital's supply chain, replacement is costly and disruptive.

India's manufacturing expansion — driven by PLI schemes, infrastructure investment, and the China+1 supply chain shift — is directly expanding demand for industrial gases across every sector. New steel plants need oxygen; new hospitals need medical gas pipelines; new semiconductor fabs need ultra-pure specialty gases. INOX Air Products is positioned to supply this growing demand backed by six decades of operational expertise and the INOX Group's financial strength.

Valowth Capital provides verified demat-based transfer of INOX Air Products unlisted shares with complete KYC and documentation. Contact us for current price and lot details.

Tax: LTCG (24+ months) = 20% with indexation. STCG = per income slab. No STT applicable on unlisted transactions.