Fortune MNC 500 India 2026 edition
Rank#248- Total income
- ₹2,769 Cr
- Profit
- ₹349 Cr
Last year #245
Praxair India Private Limited - chemicals and materials in Sriperumbudur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2,770.71 Cr
▲ 1% YoY
Net profit · FY 2025
₹465.91 Cr
Net margin 16.8%
EBITDA · FY 2025
₹880.85 Cr
EBITDA margin 31.8%
Authorised capital
₹430.8 Cr
Registered with MCA
Paid-up capital
₹356.55 Cr
Issued & subscribed
Open charges
₹3.5 Cr
Satisfied ₹3.5 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
92
Provident fund records
About Praxair India Private Limited
Data last updated:
Praxair India Private Limited is a private limited company based in Sriperumbudur, Tamil Nadu, India, a subsidiary of Praxair Pacific Limited. It operates in the industrial and specialty gases segment of the chemicals and materials sector. It was incorporated on 11 April 1996 and has been in existence for over 30 years.
Praxair India is ranked #248 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U24111TN1996PTC180780. Its GSTIN is 33AAACP9993J1ZV (Tamil Nadu). The company holds 22 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹430.8 Cr and a paid-up capital of ₹356.55 Cr. It was formerly known as Praxair India Limited. It is led by directors Muralidhara Chandrasekharamurthy and Bunty Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No. F – 17 & F – 18, Sipcot Industrial Park Sriperumbudur, Tamil Nadu, India – 602106.
As per the financials filed for FY 2025, the company reported a revenue of ₹2,770.71 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹465.91 Cr (net margin 16.8%) and EBITDA of ₹880.85 Cr (EBITDA margin 31.8%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 5% over five years.
The company has about 92 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Praxair India. As per MCA filings, the company has open charges of ₹3.5 Cr and satisfied charges of ₹3.5 Cr on record. Court records list 241 cases involving the company, including 125 filed by the company and 116 filed against it; 43 cases are pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹770.27 Cr; the latest was in December 2018. Its 4 peer companies in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products) are compared by revenue, 2 larger and 2 smaller; the largest is India Glycols Limited with revenue of ₹9,053.5 Cr. The company has 16 MSME Form 1 returns on record between 2014 and 2024, listing 318 overdue payments to 84 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website praxair.co.in.
Company details
CIN U24111TN1996PTC180780
Registration Number 180780
Incorporation Date 11 April 1996
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Parent Company Praxair Pacific Limited
Compliance Status Active Compliant
CIN history
Praxair India has one previous CIN (Corporate Identification Number): U24111KA1996PTC020272. The current CIN is U24111TN1996PTC180780, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24111TN1996PTC180780 | Current |
| U24111KA1996PTC020272 | Previous |
Recognitions & Rankings of Praxair India
Contact details
Praxair India Private Limited's registered office is in Sriperumbudur, Tamil Nadu. Its website is praxair.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. F – 17 & F – 18, Sipcot Industrial Park Sriperumbudur, Tamil Nadu, India – 602106
- IndustryChemicals and Materials, Industrial & Specialty Gases
To see the full contact details of Praxair India Private Limited, buy the company report.
Comprehensive company report
Praxair India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Praxair India operates one associated brand: Praxair India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Praxair India is engaged in supplying industrial and medical gases. | praxair.co.in |
Business activity
The main business activity of Praxair India is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Praxair India Private Limited, buy the company report.
Financials of Praxair India Private Limited
FY 2024 filings availablePraxair India Private Limited reported revenue of ₹2,770.71 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹2,770.71 Cr ▲ 1%
Net profit · FY 2025
₹465.91 Cr margin 16.8%
EBITDA · FY 2025
₹880.85 Cr margin 31.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 5%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 9%
5 years · compounded
▼ 13%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 1% growth in the latest year. EBITDA rose 2% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹880.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹465.91 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 31.8% | ||||
| Net Profit Margin | 16.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Praxair India Private Limited, buy the company report.
Board of directors of Praxair India Private Limited
Praxair India has 2 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muralidhara Chandrasekharamurthy | Director | 22 Nov 2024 | 1 Years 11 Months | Current |
| Bunty Shah Also directs: Linde South Asia Services Private Limited | Director | 22 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Praxair India Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| India Glycols Limited | ₹9,053.5 Cr (FY 2025) | 14.0% | Udham Singh Nagar, Uttarakhand, India | |||
| Inox Air Products Private Limited | ₹3,048.64 Cr (FY 2025) | 10.0% | Navi Mumbai, Maharashtra, India | |||
| Praxair India Private Limitedthis company | ₹2,770.71 Cr (FY 2025) | ₹465.91 Cr | 16.8% | 1.0% | 92 | Sriperumbudur, Tamil Nadu, India |
| Linde India Limited | ₹2,553.22 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Navin Fluorine International Limited | ₹2,393.11 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Praxair India Private Limited, buy the company report.
Auditor
Praxair India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Praxair India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Praxair India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹3.5 Cr
Satisfied charges
₹3.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 1998 | 90197401 | State Bank of India | ₹3.5 Cr | Satisfied |
To see the full charge records of Praxair India Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Praxair India Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹770.27 Cr; the latest was in December 2018.
Total deals
6
Funding rounds
3
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹770.27 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2018 | Secondary share transfer | Undisclosed | Buyer: Praxair Euroholding BV Seller: Praxair Inc |
| Jun 2018 | Secondary share transfer | Undisclosed | Buyer: Praxair Euroholding BV Seller: Praxair Luxembourg S.A.R.L |
| Nov 2014 | Rights issue | ₹302.45 Cr | Investors: Praxair Pacific Limited |
| Nov 2013 | Funding round | ₹400.4 Cr | Investors: Praxair Pacific Limited |
| Mar 2012 | Funding round | ₹56.98 Cr | Investors: Praxair Luxembourg S.A.R.L, Praxair Pacific Limited |
To see the full deal history of Praxair India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Praxair India Private Limited has 241 court cases on record: 125 filed by Praxair India, 116 filed against it. 43 cases are pending and 198 are disposed.
Total cases
241
Filed by the company
125
Filed against the company
116
Pending
43
Disposed
198
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 134 | 41 | 22 |
| District courts | 96 | 69 | 14 |
| Supreme Court | 11 | 6 | 7 |
Cases on record (5 of 241)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Chhattisgarh | Arbitration matter | Filed against the company by Raipur Power and Steel Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Indian Oil Corporation Ltd | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Sbi General Insurance Company Ltd | Pending |
| High Court of Karnataka | Arbitration matter | Filed against the company by Soham Infrastructure Private Limited | Pending |
| Patna High Court | Interim or miscellaneous application | Filed against the company by Branch Manager, Icici Lombard General Insurance Company Limited, and 2 others | Pending |
To see the full case history of Praxair India Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Praxair India Private Limited has 16 MSME Form 1 returns on record between 2014 and 2024, listing 318 overdue payments to 84 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 84)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Fleximetal Industries | |||
| an individual supplier | |||
| an individual supplier | |||
| Ellantra Automation Private Limited |
To see the full MSME payment records of Praxair India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Praxair India has 1 joint venture. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Joint ventures
Employees & EPFO
Praxair India Private Limited has a workforce of 92 employees on its EPFO records as of Apr 08, 2024, across 4 active EPFO establishments.
Employee count
92
Active EPFO establishments
4
Employee growth
-4.17%
GST
Praxair India has 22 GST registrations: 15 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
15
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACP9993J1ZV | Tamil Nadu | Active | 01 Jul 2017 |
| 06AAACP9993J1ZS | Haryana | Active | 01 Jul 2017 |
| 19AAACP9993J1ZL | West Bengal | Active | 01 Jul 2017 |
| 20AAACP9993J3Z0 | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Praxair India Private Limited, buy the company report.
Recent activity
Praxair India Private Limited has 17 board changes on record since 2009: 2 appointments and 15 cessations. The latest: Milan Sadhukhan ceased to be Additional Director on 29 Sep 2025.
AGM
Praxair India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Milan Sadhukhan ceased to be Additional Director.
Ceased
Muralidhara Chandrasekharamurthy ceased to be Additional Director.
Charges
A charge registered on 24 Jul 1998 via Charge ID 90197401 with State Bank Of India was fully satisfied on 08 May 2025.
Appointed
Muralidhara Chandrasekharamurthy was appointed as Director.
Ceased
Bunty Shah ceased to be Additional Director.
Filing
Praxair India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Appointed
Bunty Shah was appointed as Director.
Ceased
Anuj Sharma ceased to be Director.
Ceased
Madipoti Venkatasri Ramakrishna ceased to be Director.
Ceased
Geetha Bangalore Srinivasa ceased to be Managing Director.
Ceased
Sthanu Singh ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
Praxair India is an active private limited company based in Sriperumbudur, Tamil Nadu, India. The company works in industrial and specialty gases, within the chemicals and materials industry. It was incorporated on 11 April 1996 (30+ years old) and is registered under CIN U24111TN1996PTC180780.
Praxair India has 2 current directors:
- Muralidhara Chandrasekharamurthy - Director
- Bunty Shah - Director
The latest financial statements of Praxair India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Praxair India is 33AAACP9993J1ZV, registered in Tamil Nadu. The company has 22 GST registrations in all, of which 15 are active and 7 are cancelled or inactive. Other active GSTINs include 06AAACP9993J1ZS (Haryana), 19AAACP9993J1ZL (West Bengal), 20AAACP9993J3Z0 (Jharkhand).
The CIN (Corporate Identification Number) of Praxair India is U24111TN1996PTC180780. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Praxair India has 241 court cases on record: 125 filed by the company and 116 filed against it. 43 are pending. Most are in the high courts.
Praxair India was incorporated on 11 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Chennai.
Praxair India has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 rights issue), with disclosed funding of ₹770.27 Cr; the latest was in December 2018.
The peers of Praxair India by revenue are India Glycols Limited, Inox Air Products Private Limited, Linde India Limited, Navin Fluorine International Limited, all in the Chemicals industry (Industrial Gases), with the same principal business activity (chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products).
Milan Sadhukhan ceased to be Additional Director on 29 Sep 2025. Muralidhara Chandrasekharamurthy ceased to be Additional Director on 29 Sep 2025. Muralidhara Chandrasekharamurthy was appointed as Director on 22 Nov 2024. Praxair India has 17 board changes on record in total.
Praxair India has 16 MSME Form 1 returns on record between 2014 and 2024, listing 318 overdue payments to 84 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Praxair India can be reached through the website praxair.co.in. Its registered office is in Sriperumbudur, Tamil Nadu, India.
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