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Linde India Limited: Business Overview, Financials & Competitive Analysis

Linde India Limited, a subsidiary of BOC Group UK (which owns 75% stake), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. The ...

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Linde India Limited OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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7/ 10Strong

Cyborg Score thesis

Strong profitability recovery and operational momentum in core gases business with fortress balance sheet, though facing modest...

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Industry Industrial Gases & Engineering Services
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: August 3, 2026
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Linde India Limited Overview

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Linde India Limited, a subsidiary of BOC Group UK (which owns 75% stake), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. The company owns India's largest air separation plant and runs more than 25 operating facilities across the country.

Strategic Profile

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The company offers onsite, bulk, and packaged gas solutions through 26 operating plants with pan-India presence in its core Gases, Related Products & Services segment (65% of FY25 revenue). It serves diverse industries including steel, automotive, pharma, chemicals, food and beverage, electronics, and healthcare establishments.

Competitive Landscape

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Linde India competes in the industrial gases manufacturing space as a subsidiary of global leader BOC Group. Key competitors in India's industrial gases sector include Praxair Inc, Air Liquide, and smaller regional players. The company maintains competitive advantage through its extensive distribution network of 26+ plants and integration with BOC's global capabilities.

Industry Context

Linde India Limited operates in Industrial Gases & Engineering Services.

Key facts

Founded: 1935 · Headquarters: Kolkata, India · Employees: 256 · Revenue: ₹701.03 Cr (Q3 FY26) · Market cap: ₹56.1B (~$6.7B USD)

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The top findings that survived the multi-agent debate for Linde India Limited.

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Recent developments

Material events tracked by the AskCyborg corpus.

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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

PraxairGlobal industrial gases and engineering solutionsAir LiquideMultinational industrial gases supplierBOC India OperationsParent company industrial gas operations

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Industry context

Linde India Limited operates in Industrial Gases & Engineering Services. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Linde India Limited do?+
Linde India Limited, a subsidiary of BOC Group UK (which owns 75% stake), is primarily engaged in manufacture of industrial and medical gases and construction of cryogenic and non-cryogenic air separation plants. The ...
What is Linde India Limited's Cyborg Score?+
Linde India Limited has a Cyborg Score of 7/10 (Strong). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Linde India Limited's main competitors?+
Named competitors include Praxair, Air Liquide, BOC India Operations. The full competitive landscape is in the AskCyborg report.
How can I get the full Linde India Limited research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Linde India Limited research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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