About Indra Systems
Indra Systems is an Environment company based in Mumbai (India) founded in 2018 by Krunal Nitin Patel and Amrit Om Nayak. Water treatment systems are developed for sustainable wastewater recycling. It operates on a Product-as-a-Service model. Indra Systems has raised $4.28 million across 2 funding rounds from investors including Riidl, Mela Ventures and Peak Sustainability Ventures. The company has 19 employees. Indra Systems was last valued at $10.59 million in February 2023. Its chief executive, as recorded, is Amrit Om Nayak. Its Indian entity Inphlox Water Systems Private Limited reported revenue of ₹12.23 Cr. Indra Systems offers products and services including Water Treatment Systems. Its focus areas include Water Management and Wastewater Treatment.
Company details
Economical, compact, and smart water treatment systems are provided by Indra Systems for recycling domestic and industrial wastewater for non-potable reuse. Solutions are focused on addressing global water challenges, including scarcity, pollution, and emerging contaminants. Support is offered to industries and societies to meet increasing water demands, enhance environmental stewardship, and comply with regulatory requirements. Innovation in sustainable water management is prioritized to drive efficiency and collaboration across sectors.
- Headquarters Mumbai, India
- Employees 19
- Founders Krunal Nitin Patel, Amrit Om Nayak
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Website indrawater.com
- Social LinkedIn X Facebook YouTube
- Legal Name Inphlox Water Systems Pvt Ltd
- Date of Incorporation 28 Feb, 2018
- Jurisdiction Bhiwandi, Maharashtra, India
- Annual Revenue₹12.23 Cr
FY 2025 · +20% YoY
- Net Loss-₹3.13 Cr
FY 2025 · -26% margin
- EBITDA-₹2.53 Cr
FY 2025 · -21% margin
- Total Equity Funding$4.28M (USD)
in 2 rounds
- Latest Funding Round$4.2M (USD), Series A
Feb 2023
- InvestorsRiidl
& 13 more
- Employee Count19
Associated legal entities of Indra Systems
Indra Systems operates through Inphlox Water Systems Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Inphlox Water Systems Private Limited CIN U74999MH2018PTC305776 | Active | 28 Feb 2018 | Bhiwandi, Maharashtra | ₹12.2 Cr | 19 | 5 | View details |
Products & Services of Indra Systems
Indra Systems offers a comprehensive portfolio of products and services, including Water Treatment Systems.
Systems for recycling wastewater for non-potable reuse applications.
Apps and channels of Indra Systems
its YouTube channel INDRA has 71 subscribers and 10 videos.
Videos from Indra Systems
The most watched videos on Indra Systems's YouTube channel, INDRA (71 subscribers). Click a video to play it here.
More on INDRA.
Funding Insights of Indra Systems
Indra Systems has successfully raised a total of $4.28M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.2 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.28M
- Total Rounds 2
- Last Round Series A — $4.2M
- First Round $79,549
(Jun 2020)
- Investors Count 14
All 2 funding rounds of Indra Systems with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2023 | $4.2M | Series A | $10.59M | Emerald Technology Ventures, Mela Ventures | |
| Jun 2020 | $79,549 | Seed | $5.14M | Riidl |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2023 | $10.59M | •••••••• |
| Jun 2020 | $5.14M | •••••••• |
Last known valuation $10.59M (Feb 2023). 14 investors in total: 7 institutional and 7 angel.
Investors in Indra Systems
Indra Systems has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Riidl, Mela Ventures and Peak Sustainability Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sustainable industrial innovation is supported through venture capital investments. | emerald.vc | Zurich, Switzerland | ||
Investments are made in B2B technology startups focusing on climate tech, enterprise SaaS, and deep tech. | 2020 | melaventures.in | Bengaluru, India | |
Early-stage venture capital fund focused on multiple sectors | 2019 | peakventures.in | Mumbai, India | |
Climate tech companies are funded via specialized angel networks. | climateangels.in | Gurugram, India | ||
Sector-agnostic startups are accelerated by SINE, backed by IIT Bombay. | sineiitb.org | Mumbai, India | ||
Research, innovation, incubation, and design services. | 2010 | riidl.org | Mumbai, India | |
Industrial engineering services and business representation in sectors like Aerospace and Oilfield are facilitated in India. | 1949 | protosindia.com | Mumbai, India | |
BK Bharat Kapadia | unknown_65aac514c7d247078 | |||
JS Jai Shishir Diwanji | unknown_c121b3c4dcd64e32a | |||
AP Aditya Premal Kapadia | unknown_819d8f246a2541229 |
Investor details for Indra Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Inphlox Water Systems Private Limited (Indra Systems)
Inphlox Water Systems Private Limited is the primary company behind Indra Systems. The board of Inphlox Water Systems Private Limited currently have 5 directors; the longest-serving is Amrit Om Nayak, appointed in 2018. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Amrit Om Nayak DIN 07233913 | Director | 28 Feb 2018 | 8 yrs 7 mo | Inphlox Water Systems Private Limited |
| Krunal Nitin Patel DIN 07687975 | Director | 28 Feb 2018 | 8 yrs 7 mo | Inphlox Water Systems Private Limited |
| Krishnakumar Natarajan DIN 00147772 | Director | 18 Dec 2023 | 2 yrs 10 mo | Inphlox Water Systems Private Limited |
| Helge Daebel DIN 10420991 | Director | 18 Dec 2023 | 2 yrs 10 mo | Inphlox Water Systems Private Limited |
| Ranganath Nuggehalli Krishna DIN 00004044 | Director | 21 Feb 2025 | 1 yr 8 mo | Inphlox Water Systems Private Limited |
People of Indra Systems
5 people are tracked at Indra Systems (2 in leadership, 3 in team); the tracked headcount is 19.
| Name | Role | Group |
|---|---|---|
| Co-Founder & COO | Leadership | |
| Co-Founder & CEO | Leadership | |
Maitrey Vartak | Senior Technology Manager | Team |
Gautam Patel | Associate Engineer | Team |
Mohd Affan Mandilkar | Senior Product Manager | Team |
Complete people profiles for Indra Systems
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Indra Systems
Figures of Inphlox Water Systems Private Limited, the primary company behind Indra Systems, for FY 2025. Revenue was ₹12.23 Cr (+20% year on year). Net loss was -₹3.13 Cr (-26% margin). EBITDA was -₹2.53 Cr (-21% margin). Revenue has grown at a compounded annual rate of +145% over three years and +162% over five years.
- ₹12.23 CrRevenue · FY 2025 · +20% YoY
- -₹3.13 CrNet loss · -26% margin
- -₹2.53 CrEBITDA · -21% margin
- ₹2 LakhPaid-up capital
- 19Employees (provident fund records)
- +145%Revenue CAGR, 3 years
- +162%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Inphlox Water Systems Private Limited are on its company page.
Detailed financial statements for Indra Systems
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Indra Systems
4 dated milestones of Indra Systems across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Indra Systems is founded.
- Funding First funding round of $80K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $4.2M.
Web traffic of Indra Systems
The website of Indra Systems (indrawater.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 11.4% vs previous month
Top companies in Waste & Water Management Systems
3 companies that operate in the same segment as Indra Systems (Waste & Water Management Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | ||
Tech-based solid waste management and recycling solutions are provided. | 2008 | Noida, Uttar Pradesh, India | USD 31.1 M | USD 52.13 M | 106 |
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Related news about Indra Systems
Complete news archive for Indra Systems
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Frequently Asked Questions about Indra Systems
Indra Systems was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Indra Systems is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Amrit Om Nayak is the CEO of Indra Systems, as recorded in our data. They have also founded this company.
Indra Systems is a funded company, having raised a total of $4.28M across 2 funding rounds to date. The company's 1st funding round was a Seed of $79.55K, raised on Jun 2020.
Indra Systems has 19 employees.
The primary company behind Indra Systems, Inphlox Water Systems Private Limited, reported revenue of ₹12.23 Cr for FY 2025, up 20% year on year.
Economical, compact, and smart water treatment systems are provided by Indra Systems for recycling domestic and industrial wastewater for non-potable reuse. Solutions are focused on addressing global water challenges, including scarcity, pollution, and emerging contaminants. Support is offered to industries and societies to meet increasing water demands, enhance environmental stewardship, and comply with regulatory requirements. Innovation in sustainable water management is prioritized to drive efficiency and collaboration across sectors.
Indra Systems offers Water Treatment Systems.
Indra Systems has 14 investors. Key investors include Riidl, Mela Ventures, Peak Sustainability Ventures, Protos Engineering, and Emerald Technology Ventures.
The valuation of Indra Systems is $10.59M as of Feb 2023.
Indra Systems operates through Inphlox Water Systems Private Limited.
The legal entities of Indra Systems currently have 5 directors, including Krishnakumar Natarajan, Amrit Om Nayak, Ranganath Nuggehalli Krishna and others.