About Adani Water Limited
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Adani Water Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Enterprises Limited. It operates in the water treatment segment of the environmental services sector. It was incorporated on 21 December 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U41000GJ2018PLC105737. Its GSTIN is 24AARCA7117J1ZG (Gujarat). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashish Ravindra Porwal (Managing Director) and Krishna Prakash Maheshwari.
Its last annual general meeting (AGM) was held on 22 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹543.68 Cr, a growth of 57% compared to the previous year. For the same year it recorded a net profit of ₹20.51 Cr (net margin 3.8%) and EBITDA of ₹30.77 Cr (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 41% over five years.
The company has about 31 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adani Group. As per MCA filings, the company has open charges of ₹11.78 Cr on record.
For more details, the company can be reached via its website adani.com.
Company details
Contact details
Adani Water Limited's registered office is in Ahmedabad, Gujarat. Its website is adani.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnvironment, Water Treatment
To see the full contact details of Adani Water Limited, buy the company report.
- 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
Brands
Adani Water operates one associated brand: Adani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Business activity
The main business activity of Adani Water is water supply; sewerage, waste management and remediation activities. In detail, this covers water collection, treatment and supply.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| E | Water supply; sewerage, waste management and remediation activities | 36 | Water collection, treatment and supply |
To see the full business activity and turnover split of Adani Water Limited, buy the company report.
Financials of Adani Water Limited
FY 2026 filings availableAdani Water Limited reported revenue of ₹543.68 Cr (up 57% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 41% over five years, including 57% growth in the latest year. EBITDA rose 432% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹543.68 Cr | ||||
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| EBITDA | ₹30.77 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.51 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 3.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Adani Water Limited, buy the company report.
Board of directors of Adani Water Limited
Adani Water has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Prakash Maheshwari Also directs: Indore Gujarat Road Limited, Adani Ropeways Limited, Hardoi Unnao Road Limited and 5 more | Director | 21 Dec 2018 | 7 Years 10 Months | Current |
| Ashish Ravindra Porwal Also directs: Adani Railways Transport Limited, Adani Metro Transport Limited, Prayagraj Water Limited and 5 more | Managing Director | 02 Sep 2024 | 2 Years 2 Months | Current |
| Kamal Ramesh Harlakha | Director | 21 May 2026 | 0 Years 5 Months | Current |
Auditor
Adani Water Limited is audited by SHAH DHANDHARIA & CO LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DHANDHARIA & CO LLP | FY 2026 | 118707W/W100724 |
Shareholding
The shareholding of Adani Water Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adani Water Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2023 | 100864774 | State Bank of India | ₹11.78 Cr | Open |
To see the full charge records of Adani Water Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Adani Water Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Adani Water Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 78 overdue payments to 36 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 36)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gge Genset Private Limited | |||
| Joginder Nursery | |||
| MBD and Company LLP | |||
| Triveni Global Private Limited | |||
| Modern Veer Rays Security Force (India) Pvt Ltd |
To see the full MSME payment records of Adani Water Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adani Water Limited has a workforce of 31 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Adani Water has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AARCA7117J1ZG | Gujarat | Active | 04 Feb 2019 |
| 24AARCA7117J2ZF | Gujarat | Active | 01 May 2021 |
| 09AARCA7117J1Z8 | Uttar Pradesh | Active | 11 May 2019 |
| 10AARCA7117J1ZP | Bihar | Active | 28 Jul 2021 |
To see the full GST registrations and return filing status of Adani Water Limited, buy the company report.
Recent activity
Adani Water Limited has 19 board changes on record since 2018: 11 appointments and 8 cessations. The latest: Kamal Ramesh Harlakha was appointed as Director on 21 May 2026.
12 earlier events are in the company report.
News
Frequently asked questions
Adani Water is an active public limited company based in Ahmedabad, Gujarat, India. The company works in water treatment, within the environment industry. It was incorporated on 21 December 2018 (8+ years old) and is registered under CIN U41000GJ2018PLC105737.
Adani Water has 3 current directors:
- Ashish Ravindra Porwal - Managing Director
- Krishna Prakash Maheshwari - Director
- Kamal Ramesh Harlakha - Director
The latest financial statements of Adani Water on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 22 June 2026. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Adani Water is 24AARCA7117J1ZG, registered in Gujarat. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 24AARCA7117J2ZF (Gujarat), 09AARCA7117J1Z8 (Uttar Pradesh), 10AARCA7117J1ZP (Bihar).
The CIN (Corporate Identification Number) of Adani Water is U41000GJ2018PLC105737. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Water was incorporated on 21 December 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Kamal Ramesh Harlakha was appointed as Director on 21 May 2026. Vikas Birla ceased to be Additional Director on 25 Jul 2025. Chiragkumar Mulchanddas Patel ceased to be Managing Director on 25 Apr 2025. Adani Water has 19 board changes on record in total.
Adani Water has 7 MSME Form 1 returns on record between 2019 and 2023, listing 78 overdue payments to 36 micro and small suppliers. The latest return was filed on 16 Nov 2023.
Adani Water can be reached through the website adani.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Adani Water is at Adani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421.
Adani Water operates in the environment industry, in the water treatment segment.
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