What gases does Kusum Industrial Gases Limited manufacture?

The company manufactures oxygen, nitrogen, argon, and acetylene for industrial, medical, and commercial applications.

Is Kusum Industrial Gases Limited listed on a stock exchange?

No, despite having a Listed Public Limited Company CIN prefix (L), the company currently trades in the unlisted/OTC market.

Where is Kusum Industrial Gases headquartered?

The company is headquartered in Uttar Pradesh, incorporated in 1986.

What industries does Kusum Industrial Gases serve?

Key customer segments include steel and metal fabrication, pharmaceuticals, hospitals and healthcare, welding, and chemical manufacturing.

How do I buy Kusum Industrial Gases Limited unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Kusum Industrial Gases Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Kusum Industrial Gases Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Kusum Industrial Gases Limited Unlisted Share Price | Buy Kusum Industrial Gases Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Kusum Industrial Gases Limited Unlisted Share Price | Buy Kusum Industrial Gases Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Kusum Industrial Gases Limited is a well-established regional industrial gas manufacturer in Uttar Pradesh with nearly four decades of operating history. The company serves essential industrial and medical segments, providing revenue stability. However, as a small unlisted player competing against multinational gas companies, long-term growth and margin expansion remain challenging.

Pros

Long operational history since 1986 in industrial gases, providing deep sector expertise and established customer relationships
Industrial gases (oxygen, nitrogen, argon, acetylene) are essential inputs for steel, pharma, healthcare, and manufacturing — ensuring steady demand
Strong strategic location in Uttar Pradesh, India's largest state by population and a major industrial hub
Healthcare sector growth driving demand for medical oxygen, creating a diversified demand base beyond core industrial uses
High barriers to entry in the industrial gases segment due to large capital investments required for gas plants and cylinders

Cons

No publicly available website or significant digital presence reduces transparency
Unlisted status limits capital raising flexibility and secondary market liquidity
Faces competition from large national and multinational industrial gas companies including Linde India, Air Liquide, and INOX Air Products
Industrial gases are a commoditized product, meaning pricing power is limited and margins are under constant pressure
Geographic concentration in UP may limit growth relative to national peers

Business Segments

Medical Gases

Supply of medical-grade oxygen and nitrogen to hospitals and healthcare facilities

Industrial Gases

Supply of oxygen, nitrogen, and argon to steel plants, metal fabricators, and chemical manufacturers

Dissolved Acetylene

Manufacturing and supply of acetylene gas for welding and cutting applications

Revenue Model

Kusum Industrial Gases Limited generates revenue through the manufacture and supply of industrial and medical gases in cylinders and through bulk supply pipelines. Revenue is recurring in nature due to long-term supply contracts with industrial and healthcare clients. Cylinder rental charges add an annuity-like income stream.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

UP government's industrial policy driving new manufacturing investments and industrial gas demand

India's healthcare expansion increasing medical oxygen requirements

Growing steel and metal fabrication sector in northern India

Potential for contract-based captive gas supply agreements with large industrial clients

Industry Tailwinds

Recent Developments

Post-COVID demand normalization

After the significant demand spike for medical oxygen during the COVID-19 pandemic, Kusum Industrial Gases has seen normalization in medical oxygen sales while industrial demand remains steady.

2023-06

Industrial demand growth in UP

Uttar Pradesh's expanding manufacturing base under state government industrial policies is driving increased demand for industrial gases.

2024-01

Comparable Companies

CompanyTypeTickerMkt Cap

Linde India LimitedListedLINDEINDIA~₹15,000 Cr

Linde India LimitedListed

LINDEINDIA · ~₹15,000 Cr

Frequently Asked Questions

About Kusum Industrial Gases Limited

Kusum Industrial Gases Limited is a Uttar Pradesh-based industrial gases manufacturer incorporated in 1986, engaged in the production and distribution of industrial gases including oxygen, nitrogen, argon, acetylene, and carbon dioxide for industrial, medical, and commercial applications. The company operates gas separation plants and cylinder filling stations serving customers across Uttar Pradesh and neighboring states. Industrial gases are critical inputs across multiple sectors — steel and metals (for oxygen-enriched combustion and metal cutting), electronics manufacturing (ultra-pure nitrogen), food processing (CO2 and nitrogen for preservation), healthcare (medical oxygen), and chemical processing (various specialty gases). India's industrial gases market is valued at approximately Rs.15,000 crore and growing at 10% annually driven by expanding manufacturing and healthcare sectors. The COVID-19 pandemic dramatically highlighted the criticality of industrial oxygen supply, with India facing severe medical oxygen shortages in 2021. This has driven significant government investment in expanding India's oxygen production capacity including PSA (Pressure Swing Adsorption) plants across hospitals. Kusum Industrial Gases has been serving Uttar Pradesh's industrial requirements since 1986, building relationships with steel plants, fabrication shops, hospitals, and industrial customers across the state. UP's industrial base — including Kanpur's leather industry, Agra's footwear sector, Varanasi's textiles, and Noida's electronics — provides diverse demand for industrial gases. With nearly four decades of operations, the company has built reliable supply chain infrastructure and customer trust in the industrial gases segment.

Key Milestones

1986 — Company incorporated in Uttar Pradesh as a Public Limited Company

Common questions about unlisted shares

How do I buy Kusum Industrial Gases Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Kusum Industrial Gases Limited

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