When it comes to water treatment, India’s landscape is both diverse and dynamic. The demand for clean and safe drinking water has skyrocketed with an ever-growing population and rapid industrialisation. This has led to a surge in the number of companies specializing in water treatment solutions.
India’s Water Treatment Companies are not just leading the charge domestically but also making their mark on a global scale. These firms have provided innovative, efficient, and sustainable solutions to India’s pressing water challenges.
You’ll find that these companies come with a wealth of expertise and experience – embracing cutting-edge technologies and implementing best practices to deliver high-quality services. Stay tuned as we bring you an insightful rundown of these industry giants relentlessly working to ensure every Indian household gets access to clean, potable water.
Water Treatment Industry in India
- India’s water and wastewater management market size was INR 216.03 Bn in 2022 and is expected to reach INR 518.15 Bn in 2027, with a CAGR of 15.95% during the 2023-2027 period.
- The Indian water and wastewater treatment market is projected to reach $2.08 billion by 2025 from $1.31 billion in 2020.
- The market size is expected to grow from USD 0.92 billion in 2023 to USD 1.54 billion by 2028, at a CAGR of 10.78%.
- The India Water Treatment Market is projected to grow at a CAGR of 9.10% by 20305.
- India’s wastewater treatment market was valued at US$3.981 billion in 2020 and is expected to grow at a CAGR of 12.92%.
- India’s total utilizable water resource is 1,123 billion cubic meters (BCM).
- Urban India generates 72,368 million litres (MLD) of sewage daily, but only 28% is treated and reused.
This growth in water treatment parallels advancements in other sectors, such as the innovative electric vehicle manufacturing companies in India, contributing to sustainable development.
Water Treatment Companies in India
- VA Tech Wabag
- Thermax India
- GE Water
- Siemens India
- Voltas Limited
- Hindustan Dorr-Oliver Limited
- Aqua Innovative Solutions
- Ion Exchange India
- Envicare Technologies Pvt Ltd
- Narmada Clean Tech
| Company | Revenue (2022) |
|---|---|
| VA Tech Wabag | ₹2,170.87 crores |
| Thermax India | ₹6,128 crores |
| GE water | ₹6,36,979 crores |
| Siemens India | ₹4,858 crores |
| Voltas Limited | ₹9,399 crores |
| Hindustan Dorr-Oliver Limited | ₹95.57 crores |
| Aqua Innovative Solutions | ₹34.46 crores |
| Ion Exchange India | ₹1,892 crores |
| Envicare Technologies Pvt Ltd | Between ₹1 crore to 100 crores |
1. VA Tech Wabag
Let’s dive into the world of VA Tech Wabag Ltd., a leading player in the water treatment industry. This Indian multinational firm, with its headquarters nestled in Chennai, is renowned for its focus on desalination and water treatment solutions designed for both municipal and industrial users.
In terms of financial performance, VA Tech Wabag reported impressive figures in the financial year 2022. The company generated total revenue amounting to INR 2,170.87 crores while netting a profit of INR 49.6 crores.
| Financial Year 2022 | Amount (INR Crores) |
|---|---|
| Revenue | 2170 |
| Net Profit | 49 |
When it comes to manpower, they boast over 1,600 employees working tirelessly to provide clean water solutions worldwide.
Their main product offerings encompass design, supply, installation, construction and operational management services across several sectors: drinking water treatment plants, wastewater treatment facilities, industrial water treatment, and desalination installations.
The company’s portfolio is quite extensive; they’ve successfully completed more than 6,000 projects across a staggering count of 30 countries worldwide.
They operate from their headquarters located at WABAG House No.17 on the bustling Thoraipakkam Pallavaram Main Road in Chennai.
The firm has earned its stripes with an impressive presence spanning over 25 countries and the development of more than 125+ Intellectual Properties.
For updates about their current projects or partnerships, venture onto their official website, where you’ll find up-to-date information about ongoing initiatives.
Tracing back the roots of VA Tech Wabag will take you all the way back to Breslau in 1924 when Max Reder laid down its foundation stones. Over time, this entity evolved through acquisitions and ownership changes until it finally reached Rajiv Mittal, who led a management buyout in 2005.
Research isn’t taken lightly here either – with an investment totalling INR 33.7 crores put towards R&D efforts during FY2022 alone.
VA Tech Wabag was awarded “Emerging Infrastructure Company in Water Infrastructure Sector” by The Economic Times Infra Focus Awards 2022 for their significant contribution to improving India’s water sector landscape.
Finally, yet importantly, regarding subsidiaries & acquisitions – they made headlines when they sold off their entire stake in their Czech subsidiary named ‘Wabag Czech’ back in 2023.
2. Thermax India
Stepping into the realm of water treatment pioneers in India, it’s impossible to overlook Thermax India. In the fiscal year 2021-22, they made a considerable leap from ₹4,791 crore to ₹6,128 crore in total revenue. Their Profit After Tax (PAT) similarly saw an increase from ₹207 crore to a notable ₹312 crore.
| Fiscal Year | Total Revenue (₹ Crore) | PAT (₹ Crore) |
|---|---|---|
| 2020-21 | 4791 | 207 |
| 2021-22 | 6128 | 312 |
With over 3000 employees, Thermax stands as a leading energy and environment solutions company. Their services encompass heating, cooling, water and waste management, and chemicals. The spotlight is on their sustainable solutions involving green technologies like eco-friendly power, water recycling, waste heat energy and more.
They’ve built strong relationships with significant clients, including Reliance Industries Limited, providing them with Heat Recovery Steam Generators at the Jamnagar site. Based out of Wakdewadi in Pune, Maharashtra, Thermax has left significant footprints across the country.
Thermax’s achievements are far-reaching, with FY 2021-22 witnessing its highest-ever order book at ₹9,410 crore. They also stepped into the digital world, launching ‘Thermax Edge,’ an IoT-based platform for customers.
The firm has shown commitment towards green initiatives by aligning itself with Fortescue Future Industries to delve into green hydrogen projects in India. Founded in 1980, they have maintained their status and grown exponentially as a leading player in the industry.
A robust R&D setup underlines their commitment towards innovation, bagging them the ‘Clarivate Analytics India Innovation Awards’ in the heavy industries category for impressive patent portfolio growth.
Their accolades don’t end there – they were honoured by both the University of Vermont and the Indian Institute of Materials Management for their contribution to family business enterprise and supply chain management practices, respectively.
Several subsidiaries, including Thermax Engineering Construction Company Ltd. and First Energy Pvt. Ltd., are rounding off their profile, underlining their diversified interests within the energy sector.
3. GE Water
If you’re searching for major players in the water treatment industry, you certainly can’t overlook GE Water, a subsidiary of General Electric (GE). Despite being sold to SUEZ in 2017, its impact on the industry is undeniable.
Before its sale, GE Water & Process Technologies made a name for itself by supplying state-of-the-art water, wastewater, and process systems solutions. It’s worth noting that these innovative services were provided to blue-chip customers, showing their reach within the industry.
You may be interested to know that as of December 31, 2022, General Electric had an impressive total of 172,000 employees across all sectors. But let’s narrow down our focus: prior to being sold off to SUEZ, GE Water & Process Technologies boasted a workforce of approximately 1,318 employees.
Diving into financials – in 2022 alone, GE reported an astounding revenue of ₹6,36,979 crores!
Here’s something intriguing – while we often associate Orlando with theme parks and sunny weather – it was also one of the key clients for GE Digital’s software solution designed specifically for water and wastewater clients.
As well as providing high-tech services and products globally from their headquarters in Boston, Massachusetts, U.S., GE has been involved in prestigious projects such as constructing a record-capacity water-wheel generator for Niagara Falls back in 1918. Not too long after that, they supplied generators for none other than Hoover Dam.
Looking at research and development activities, In 2022 alone, this multinational conglomerate invested ₹34,944 crores across various sectors, including customer- and partner-funded projects. Their commitment towards R&D clearly demonstrates why they’ve managed to stay at the forefront of technological advancements.
ENERGY STAR certification has recognised Many of their products due to their energy efficiency efforts.
To sum up, this segment on GE Water, even though it now falls under SUEZ following its acquisition back in 2017 – Its influence continues to make waves (pun intended) within the industry.
4. Siemens India
Let’s dive into the world of Siemens India, one of your country’s top water treatment companies. You’ll discover a company with a rich history, extensive product portfolio, and an impressive financial record.
In the second quarter of 2022, Siemens India reported a consolidated net profit of ₹471.4 crores ($57.59 million), marking an exciting 39% increase from ₹340 crores in the same period last year. Their total revenue also saw a significant jump – up 27.8% to ₹4,858 crores.
Well, as of 2022, there are around 9,258 employees working tirelessly behind the scenes at Siemens India.
They operate across multiple business sectors, including industry, energy, healthcare and infrastructure. Their diverse offerings include building technology, energy solutions and drive technology, to name a few. They’ve even got their hands in financing and consumer products!
Siemens India serves an incredibly broad customer base. From oil and gas utilities to independent power producers, engineering procurement firms to construction companies, aerospace businesses and automotive manufacturers – they’ve got it all covered.
Based out of Mumbai in Maharashtra state – this is where Siemens’ Indian story began way back in 1867.
One primary feather in their cap is partnering with Indian Railways to deliver 1,200 electric locomotives with impressive 9k HP ratings – plus providing full-service maintenance for over three decades.
Siemens isn’t just about past achievements; they’re always looking forward to future opportunities. They recently secured a substantial order worth ₹25,455 crores for their high-performance locomotive project.
At their Corporate Technology Centre based in Bangalore – cutting-edge research meets development every day. Siemens has multiple subsidiaries operating under its umbrella, such as Siemens Public Communication Networks Pvt Ltd., Powerplant Performance Improvement Ltd., and Osram.
5. Voltas Limited
Based in Mumbai, Maharashtra, Voltas Limited is a crucial player in India’s water treatment sector. Established in 1954 as a joint venture between Tata Sons and Volkart Brothers, it’s become renowned for its engineering prowess.
In FY 2022-23, Voltas reported an impressive revenue of ₹9,399.37 crores, marking a 19.87% increase from the previous fiscal year’s ₹7,841.07 crores. However, despite this strong performance on the revenue front, their Q4 net profit took a hit – falling to ₹143 crores – that’s a 21.6% decline compared to last year.
The company employs over 8,000 people and operates across three segments: Unitary Cooling Products, Electro-Mechanical Projects & Services, and Engineering Products & Services. Notably, they’re market leaders within the Room Air Conditioner category and are well-known providers of MEP (Mechanical, Electrical and Plumbing) as well as HVAC (Heat Ventilation and Air Conditioning) solutions.
| Fiscal Year | Revenue | Net Profit |
|---|---|---|
| FY22 | ₹7,841 cr | |
| FY23 | ₹9,399 cr | ₹143 cr |
When it comes to clients or projects worked on by Voltas Limited over the years, you’ll find some rather prestigious names, such as DEWA HQ building Dubai Waste to Energy Project Dubai Uptown Tower, among others. They’ve also completed international projects, including providing air conditioning ventilation systems for Burj Khalifa, the world’s tallest building.
Their technical agreements with Sulzer Pumps based in Switzerland Wade Manufacturing UK further showcase their relentless pursuit of excellence. While March 2022 saw them holding 23 4% market share room AC category down from January’s figure, it still demonstrates substantial influence on the industry.
As part of its commitment to sustainable, equitable development, the company has laid out a clear vision for the future. Looking towards 2025, it aims to continually innovate in order to remain at the forefront of the sector. This is backed by numerous awards and recognitions received, including the ‘Most Trusted Brands India’ title given to Team Marksmen last year.
Operating under the umbrella of Tata Group, Voltas boasts several subsidiaries acquisitions underlining depth breadth operations.
These companies’ expertise in water treatment complements the efforts of jute manufacturing companies in India to promote eco-friendly solutions.
6. Hindustan Dorr-Oliver Limited
One of the significant players in the water treatment industry is Hindustan Dorr-Oliver Limited, a name you’re likely to encounter when seeking solutions in sectors such as mining and minerals, water and wastewater, fertilisers and chemicals, as well as pulp and paper.
Their services range from engineering to procurement, construction, and project management. With their headquarters nestled at Dorr Oliver House, Chakala, Andheri (East), Mumbai – they’ve been serving clients with state-of-the-art technology solutions for about seven decades. Indeed, since its incorporation on July 26th, 1974.
When it comes to their workforce, they are pretty substantial. In India alone, they employ 10,001 to 50,000 employees who contribute to achieving the company’s mission.
Yet it’s not just about quantity; quality matters, too. That’s where their commitment to research and development shines through. They utilise various software for basic and detailed engineering, including Bentley Autoplant, Solid Works, StaadPro PV Elite Microprotol Autocad Mechanical 2009 & AutocadInventor 2009.
While Hindustan Dorr-Oliver Limited reported a total revenue of ₹95.57 crores in 2022, unfortunately, this was paired with a net loss of ₹472.32 crores before extraordinary items and tax.
It’s worth noting that despite these losses, they have had some major wins over the years, too! One significant achievement was back in 2009 when they bagged an impressive project worth ₹126.95 crores from HPCL-Mittal Energy Ltd, which certainly brought them into the limelight.
While there are many choices out there for water treatment companies in India – Hindustan Dorr-Oliver Limited stands tall amongst competitors due to its history of expertise large workforce dedication towards R&D coupled with some noteworthy achievements along the way.
7. Aqua Innovative Solutions
Aqua Innovative Solutions is a name that’s garnered significant attention in the water treatment sector, particularly within India. Founded in 2018, this environmental engineering firm has been pioneering wastewater solutions for the agriculture industry. Although their headquarters are located in Sharon, Wisconsin, United States, their impact is felt globally.
Interestingly, Aqua Innovations operates with a team of less than 25 employees. Despite this relatively small workforce, they’ve managed to make an impressive mark on the market.
Let’s delve into some key figures:
| Financial Year | Revenue from Operations (₹ Crores) | Losses (₹ Crores) |
|---|---|---|
| FY21 | 4 | 4 |
| FY22 | 34 | 11 |
As you can see, during FY22 operations, revenue experienced a staggering increase of about 7.7 times compared to the previous fiscal year – jumping from ₹4.5 crores to ₹34.46 crores. However, it’s important to note that losses also surged about 2.3 times from ₹4.83 crores in FY21 to ₹11.2 crores during FY22.
Their leading service revolves around technology and advisory/consulting related to nutrient concentration on dairy farms worldwide. They have developed a unique ‘Nutrient Concentration System’. This system creates additional revenue streams for dairy farmers and developers and ensures farms remain compliant with regulatory standards.
While many companies are operating in the water treatment landscape today – each with its own specialities and areas of expertise – it’s clear that Aqua Innovative Solutions stands apart through their innovative approach and commitment towards making a positive impact on both the agricultural sector and the environment.
8. Ion Exchange India
Let’s delve into the world of Ion Exchange India Limited, a leader in the water treatment industry. With revenues hitting a heady ₹1,892.17 crores and net profits reaching ₹184.71 crores for the financial year ending March 31, 2022, it’s clear that they’ve made substantial strides in this sector.
Employing between 1,001 and 5,000 employees across India, Ion Exchange has also established itself as an essential player in the employment market. Their workforce is spread across three major segments: Engineering, Chemicals and Consumer Products.
Specialists in water and environment management, they offer solutions spanning the entire water cycle:
- Pre-treatment
- Process water treatment
- Wastewater treatment
- Recycling
- Zero liquid discharge
- Sewage treatment
- Packaged drinking water
- Sea water desalination
Their comprehensive services have attracted clients from diverse industries such as steel, engineering, power, auto food & beverages and paper industries.
Headquartered in Mumbai, Maharashtra – this company has been making domestic and international waves. Their growth isn’t slowing down either; revenues increased by a significant 8.8% YoY in 2022.
Tracing its roots back to March 6th, 1964 – Ion exchange boasts a legacy of over 59 years! Over this time, they’ve consistently proven their commitment to innovation.
Speaking of innovation, Ion Exchange doesn’t just talk about it; they live it! They bagged the Best Research Innovation Award at the prestigious Water Digest Award ceremony held in 2022. They also scooped up awards for Best Complete Domestic Water Solutions Provider – Drinking AND The Best Membrane Manufacturer at the same event.
It takes effort to get where they are today – but with great effort comes great reward… or rather rewards plural when we’re talking about Ion Exchange India!
Ion Exchange’s commitment to environmental sustainability resonates with the goals of speciality chemical companies in India, both striving for greener industrial processes.
9. Envicare Technologies Pvt Ltd
A big name in the world of water and wastewater treatment, Envicare Technologies Pvt Ltd has made a significant impact since its establishment in 2001. This leading solution provider is known for recycling, refusing, reducing, and reusing wastewater sourced from various domestic and industrial activities. With offices not only in Pune, India, but also as far away as Malaysia and Dubai, it’s clear that Envicare’s reach is global.
In terms of financials, Envicare’s operating revenue for the financial year ending on 31 March 2021 was between INR 1 crore and 100 crore. The company employs a team ranging from 51-200 members, each contributing towards the common goal of sustainable water management.
Envicare prides itself on offering an impressive array of products and services. Their portfolio includes manufacturing, supplying and exporting top-notch products like Effluent Treatment Plants (ETP), Sewage Treatment Plants (STP), Bag Filtration Systems, and Filter Presses.
When you’re looking at their clientele list, it’s hard not to be impressed: TATA, Mahindra, Kirloskar – to name a few. In fact, Envicare has worked with well-known companies like KSB Pumps, L&T, and Godrej, among others. It’s evident they’ve built a reputation that draws high-profile clients in.
Their headquarters are based in Pune; however, their influence extends internationally, with offices in both Dubai and Malaysia. They have successfully cultivated over 750 customers globally.
One notable highlight from their track record is the Containerized STP and Water Treatment project — a testament to their innovative approach towards tackling wastewater problems.
Incorporated on April 5th, 2013, Envicare Technologies Pvt Ltd embarked on its mission to provide effective solutions for water treatments across industries. They have undoubtedly come a long way since then!
10. Narmada Clean Tech
Narmada Clean Tech, previously known as Baruch Eco Aqua Infrastructure Limited, is a leading player in the water treatment industry in India. Focusing on wastewater management and disposal, they’re devoted to significantly impacting India’s growing water pollution problem.
The company was incorporated on January 24, 2000, under the patronage of the Gujarat Industrial Development Corporation (GIDC) and promoted by Member Industries of Ankleshwar, Jhagadia, and Panoli Industrial Estates. With their registered office nestled in Narmada, Gujarat, this company has firmly rooted its presence in the region.
In terms of financial solidity, Narmada Clean Tech stands robust with an authorised share capital of ₹110 crores and a paid-up capital of ₹85.57 crores. Although the revenue details for 2022 are not available, the substantial capital structure reflects the company’s financial stability.
Speaking about their team strength:
| Number | Employees |
|---|---|
| Between | 51 – 200 |
This workforce range indicates that there’s a dedicated team behind every successful project undertaken by Narmada Clean Tech.
Being an offshoot of GIDC further strengthens Narmada Clean Tech’s industry standing. However, no acquisitions or additional subsidiaries have been reported to date.
So if you’re looking for top-notch wastewater management services from one of India’s most reputable companies within this space, Narmada Clean Tech certainly merits consideration.
Conclusion on Water Treatment Companies in India
After evaluating the water treatment companies in India, it’s clear that they play a pivotal role in maintaining public health and keeping environmental standards. Their innovative solutions ensure safe drinking water for millions and contribute significantly to industrial processes and wastewater management. These companies stand out with their cutting-edge technology, sustainable practices, and robust infrastructure.
In summary, the water treatment companies in India have shown commendable resilience and innovation in battling the country’s escalating water woes. They’ll continue being indispensable partners aiding India’s journey towards achieving its sustainable development goals.
Their role in public health and environmental standards is as critical as that of gas distribution companies in India, ensuring essential services reach every corner of the nation.
This article is just an overview of their work so far – remember that each company has unique strengths and areas for improvement. Do your research before deciding which company would best match your specific needs!
