STEPPING ON THE GAS

With a legacy dating back to 1935, Linde India's growth is driven by high demand across sectors and pricing discipline.

- P.B. JAYAKUMAR

INDIA’S ECONOMY grew at over 8% on an average in the past three years, the second-highest among G20 nations and almost twice the average of emerging market economies in FY23. Riding on strong domestic demand, significant investments in public infrastructure and a growing financial sector, the growth rate in the Index of Industrial Production (IIP) was 5.1% in FY23.

In line with this growth, Linde India, a leading oxygen and industrial gases manufacturer and related project management expert, registered a 23.46% CAGR in net sales in the past three years. In the case of net profit, the CAGR was 42.16%. And thanks to its business growth and operational performance, Linde India has a market capitalisation of over ₹53,000 crore. The company has claimed the 16th spot in Fortune India's maiden 100 Emerging Stars list.

With a legacy dating back to 1935, Kolkatabased Linde India is part of Linde PLC, formed after the merger of global industrial gas leaders Germany-based Linde AG and U.S.-based Praxair Inc. in a $73 billion deal in 2018. Formerly known as BOC India Ltd in India (Linde AG had acquired BOC Group PLC, U.K., the parent company of BOC India, in 2006), it was later renamed Linde India Ltd in February 2013.