Airlife Gases Private Limited
Airlife Gases Private Limited
INE1G0001017
Incorporation Date: 18-Apr-2019
Listing Status: DRHP Not Filed
About Airlife Gases Private Limited
Overview of Airlife Gases Private Limited
Airlife Gases Limited (formerly Airlife Gases Private Limited)
🏢 Company Overview
- Industry & Focus: Incorporated in April 2019, Airlife Gases Limited is a fast-growing, multinational specialty gas platform headquartered in Baner, Pune, Maharashtra.
The company specializes in the sourcing, processing, and global supply of helium (liquid and gaseous), electronic specialty gases (ESGs), and industrial gases. - Integrated Supply Chain: Airlife has evolved from a domestic distributor into a vertically integrated global helium operator.
It spans extraction, liquefaction, transfill logistics, and end-mile distribution across healthcare, semiconductor, fiber-optic, aerospace, and defense sectors. - Corporate Structure: Converted from a private entity to a public limited company to facilitate capital market expansion and overseas asset acquisitions.
⚙️ Business Model & Operational Footprint
| Vertical | Scope & Operations | Key End-Markets |
| Helium Platform (Liquid & Gas) | Long-term direct off-take contracts (US, Canada, Qatar) bypassing intermediaries. Fleet includes 40 ft LHe ISO containers, 20 ft T75 tanks, quads, tube trailers, and dewars. | MRI/NMR cryogenics, healthcare, aerospace & defense, research labs. |
| Electronic Specialty Gases (ESGs) | Sourcing and distribution of high-purity process gases including Nitrous Oxide ($\text{N}_2\text{O}$), Silane ($\text{SiH}_4$), Ammonia ($\text{NH}_3$), and Nitrogen Trifluoride ($\text{NF}_3$). | Semiconductor fabrication, solar cell manufacturing, flat-panel displays. |
| Industrial & Bulk Gas Logistics | High-purity packaged and bulk supply of Hydrogen, Argon, Nitrogen, Oxygen, and Carbon Dioxide. | Metal fabrication, chemical processing, electronics, welding, and pharma. |
👥 Management & Promoters
- Kiran Indrabhan Karnawat: Founder, Chairman & Managing Director (Ex-Managing Director of Matheson K-Air Gases; 15+ years in the gas market).
- Rupali Karnawat Kiran: Executive Director.
- Amit Lodha: Chief Commercial Officer (Head of US Operations & Global Sales).
- Bobby Agrawal: Head of Sales, Operations & Supply Chain.
📊 Financial Scale & Capital Structure
- Corporate Identification Number (CIN):
U74999PN2019PLC183575. - Share Capital Base:
- Authorized Capital: ₹16.00 Crore.
- Paid-Up Capital: ₹10.60 Crore.
- Financial Performance:
- Annual Revenue Run-Rate: ₹100 Crore – ₹500 Crore.
- Capital Raising: Completed a ₹143 Crore equity and debt expansion round to fund international transfill facilities, North American helium exploration assets (Royal Helium in Saskatchewan), and domestic refilling plants.
Insights of Airlife Gases Private Limited
Airlife Gases Private Limited – Strategic Insights & Financial Overview
Financial Snapshot (FY23 – FY25)
| Metric (in ₹ Cr.) | FY23 | FY24 | FY25 |
| Net Revenue | 154.00 | 188.00 | 183.00 |
| YoY Revenue Growth (%) | — | +22.08% | -2.66% |
| EBITDA | 41.00 | 16.20 | 19.60 |
| Profit After Tax (PAT) | 28.00 | 9.80 | 12.50 |
Fundraise & Valuation Profile
- Recent Primary Capital Infusion (Aug–Sept 2025): The company executed a major fundraising initiative, securing a total of ~₹138.17 Cr across three preferential allotment tranches:
- August 06, 2025: ₹30.41 Cr
- September 02, 2025: ₹29.45 Cr
- September 10, 2025: ₹78.31 Cr
- Issue Pricing: All recent primary allotments were executed at an issue price of ₹900 per share (Face Value: ₹10 + Premium: ₹890).
- Unlisted Market Valuation: Driven by strong growth prospects and capacity expansions, the company's shares are currently trading in the unlisted market at an indicative price of ~₹1,825 per share.
- Implied Market Capitalization: Based on its outstanding share base of ~1.06 Cr shares, the current unlisted price translates to a market capitalization of ~₹1,943 Cr.
Key Developments & Future Plans
- US Liquefaction Asset & Tolling Revenues: Airlife is setting up a liquefaction plant in the United States. Once operational, the facility will offer helium liquefier tolling and storage services to independent E&P producers and foreign distributors. This asset alone is projected to generate an additional ~$5 million in annual EBITDA.
- Carbon Credit Monetization: The proposed US liquefaction infrastructure is structurally designed to qualify for carbon credits, which management expects will generate an additional ~$5 million in recurring annual revenue.
- Foray into Electronic & Specialty Gases (ESG): To capitalize on the massive tailwinds in domestic electronics and semiconductor manufacturing, Airlife is actively expanding its product portfolio beyond helium to include critical high-purity gases such as Nitrous Oxide, Ammonia, Silane, and Nitrogen Trifluoride (used extensively in semiconductor fabs, display manufacturing, and solar panel production).
- Robust Logistics Infrastructure: The company has heavily capitalized its midstream and downstream logistics, owning a dedicated fleet of 20-ft T75 containers, 40-ft Liquid Helium ISO containers, quad packs, tube trailers, and super-insulated dewars to ensure uninterrupted global supply chain reliability.
Financial Charts of Airlife Gases Private Limited
Balance Sheet of Airlife Gases Private Limited
Profit and Loss of Airlife Gases Private Limited
Ancillary of Airlife Gases Private Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Airlife Gases Private Limited
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How to buy Airlife Gases Private Limited?
Below are three ways through which you can purchase Airlife Gases Private Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Airlife Gases Private Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Airlife Gases Private Limited?
Below are three ways through which you can sell Airlife Gases Private Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Airlife Gases Private Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Airlife Gases Private Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Airlife Gases Private Limited is ₹N/A and your sell price for Airlife Gases Private Limited is ₹N/A. The price is based on our estimates and market conditions.
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What is the lock-in period of Airlife Gases Private Limited?
The lock-in period for Airlife Gases Private Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Airlife Gases Private Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Airlife Gases Private Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Airlife Gases Private Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Airlife Gases Private Limited. The price is also determined from the most recent funding round for Airlife Gases Private Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Airlife Gases Private Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Airlife Gases Private Limited with us kindly click here.
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What are the financials of Airlife Gases Private Limited?
The financials of Airlife Gases Private Limited which includes the P/L of Airlife Gases Private Limited and the Balance Sheet of Airlife Gases Private Limited is in the financials section (Click on link).
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Where can I find the annual report of Airlife Gases Private Limited?
The annual report of Airlife Gases Private Limited is available in the annual report section (Click on link).
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Is buying Airlife Gases Private Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Airlife Gases Private Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Airlife Gases Private Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Airlife Gases Private Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Airlife Gases Private Limited?
At Altius Investech, our approach to sourcing Airlife Gases Private Limited unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Airlife Gases Private Limited unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Airlife Gases Private Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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Annual Report of Airlife Gases Private Limited
Company Information of Airlife Gases Private Limited
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