Our Business
Our Company was originally incorporated as “Nagpur Aquatech Private Limited” September 24, 2004 we have evolved from a water technology solutions provider to a Clean-tech player offering a spectrum of offerings and services across water solutions, solar agriculture solutions, and IoT solutions focusing on rural sustainability and operations of scale.
Our spectrum of Clean-tech solutions cover three verticals, namely
- water solutions, which includes water and waste water treatment, disinfection and purification systems, community water purification plants (“CWPP”), and water supply schemes.
- solar agriculture solutions, which includes solar irrigation pumps and solar cold storage systems.
- (c) IoT solutions, providing digital monitoring applications for enhancing efficiency, improving productivity and reducing losses for water and energy infrastructure. Additionally, we also provide operation and maintenance (“O&M”) services for projects executed by us in each of our three verticals.
We are dedicated to building a future where communities have access to clean water, sustainable sanitation, and reliable energy, empowering these communities and transforming lives through innovative and sustainable Clean-tech solutions.
We focus on deploying technology and innovation based solutions to provide on ground climate interventions in rural areas to address issues of energy insufficiency and water scarcity to improve living standards and drive local development.
For further details of our offerings in each of the aforesaid verticals, please see “Our Business- Comprehensive solutions focused on Clean-tech projects across multiple high growth sectors .
With product offerings across water, solar agriculture and IoT sectors, coupled with a focus on innovation and execution expertise, we are well-equipped to
continue driving sustainable solutions that contribute to India’s infrastructure growth and social development.
Our customers comprise state government departments and organisations and private corporates.
We have Successfully partnered with various government clients, Undertaking numerous projects for water and solar agriculture solutions, through central Government sponsored schemes such as Jal Jeevan Mission (“Jal Jeevan/ JJM”), the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (“PM Kusum Scheme”) and the National Mission for Clean Ganga (“NMCG”).
We are engaged in projects across 21,807 villages as of December 31, 2024. As an indicator of our scale, as of December 31, 2024, we had 9,131 installations with purifying capacity of 627.42 million litres of water every day and impacting people across 6,990 villages in the states of Maharashtra, Bihar, Jharkhand, Rajasthan, West Bengal, Chhattisgarh.
Similarly, as of December 31, 2024, we have installed more than 8,736 solar pumps under the PM Kusum Scheme across 3,831 villages in the states of Maharashtra and Rajasthan and have installed 22 solar based cold-storages to support farmers with their produce and storage
in the states of Maharashtra.
As of December 31, 2024, our ongoing IoT operations are focused on energy and water management, monitoring, and optimization.
We are currently in the process of implementing 250 schemes aimed at enhancing water management across 2,639 villages in the water sector and 1,837 sub-stations in the energy sector which will facilitate real-time data utilization, enhance energy efficiency and foster smart farming practices.
Our Company Promoters
- Vinayak S. Gan
- Abhijeet V. Gan
OBJECTS OF THE OFFER
1. Funding working capital requirements of our Company.
2. General corporate purposes.
Qualitative Factors
- Comprehensive solutions focused on Clean-tech projects across multiple high growth sectors.
- Track record of executing complex projects backed by innovation, enabling a strong Order Book and client relationships.
- Asset light business model enabling agility and scalability.
- Sustainability focused business model aligned with ESG principles and global sustainability goals.
- Experienced management team and qualified personnel with significant industry experience backed by marquee investors.
Comparison of accounting ratios with listed industry peers
- ION exchange (India) Limited.
- VA Tech Wabag Limited.
- Shakti Pumps (India) Limited.
- EMS Limited.
- Ceinsys Tech Limited.
- Enviro Infra Engineers Limited.
Company Address
Corporate Office: Shree Vasant Enclave, 81, P&T Colony,
Cement Road, Rana Pratap Nagar,
Nagpur – 440022, Maharashtra, India
Telephone: + 91 71 2222 0002
E-mail: cs@ritewater.in.
Website: www.ritewater.in
BOOK RUNNING LEAD MANAGER REGISTRAR TO THE ISSUE
JM Financial Limited
7th Floor, Cnergy,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai 400 025,
Maharashtra, India
Telephone: +91 22 6630 3030
E-mail: ritewater.ipo@jmfl.com
Investor grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
REGISTRAR TO THE OFFER
Bigshare Services Private Limited
Office No S6-2, 6th floor,
Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East)
Mumbai 400093
Maharashtra, India
Telephone: 022 6263 8200
E-mail: investor@bigshareonline.com
Investor grievance E-mail: investor@bigshareonline.com
REGISTRAR TO THE ISSUE
Bigshare Services Private Limited
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali CavesRoad, Andheri East,
Mumbai – 400 093, Maharashtra, India
Tel: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Investor grievance e-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
