About Metito
Metito is a company based in Dubai (United Arab Emirates) founded in 1958 was acquired by ADH in September 2023. Metito has raised $92 million across 7 funding rounds from investors including HSBC, BOC and International Finance Corporation. The company has 36 employees as of March 29, 2024. Metito has completed 1 acquisition, including Data Axle. Metito offers products and services including Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment. Metito operates in a competitive market with competitors including Iren Group, United Utilities, Resource Environmental Solutions, Select Water and Core & Main, among others.
- Headquarter Dubai, United Arab Emirates
- Employees 36 as on 29 Mar, 2024
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Sectors
Environment
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Email
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Phone
Locked
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Website
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Social
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- Legal Name Metito Pollution Control India Pvt Ltd
- Date of Incorporation 16 Feb, 1994
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$1.97 M (USD)12.39as on Mar 31, 2023
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Net Profit
$189.36 K (USD)-4.56as on Mar 31, 2023
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EBITDA
$193.34 K (USD)259.74as on Mar 31, 2023
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Total Equity Funding
$92 M (USD)
in 7 rounds
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Latest Funding Round
$120 M (USD), Debt – Conventional
Mar 01, 2022
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Investors
HSBC
& 11 more
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Employee Count
36
as on Mar 29, 2024
- Investments & Acquisitions
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Acquired by
ADH
(Sep 25, 2023)
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Products & Services of Metito
Metito offers a comprehensive portfolio of products and services, including Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment.
Offers purification and management for water resources globally.
Provides systems for effective wastewater processing and recycling.
Delivers large-scale water transportation and investment initiatives.
Specializes in desalination and treatment for coastal regions.
People of Metito
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Funding Insights of Metito
Metito has successfully raised a total of $92M across 7 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $120 million completed in March 2022. 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.
Investors in Metito
Metito has secured backing from 12 investors, including institutional and venture fund investors. Prominent investors backing the company include HSBC, BOC and International Finance Corporation.
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IFC is focused on private sector development in emerging markets.
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Private equity firm focused on growth equities
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Alternative investment firm providing services in Private Equity, Private Debt, and Real Estate across Growth Markets.
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Investor details for Metito
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Investments & Acquisitions by Metito
Metito has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Data Axle.
Investment portfolio details for Metito
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Data processing, cloud-based databases, and marketing services are provided.
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Complete acquisition details for Metito
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Financial Statements - Metito
Detailed financials for Metito
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Metito Comparisons
Peer comparison for Metito
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Competitors of Metito
Metito operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Iren Group, United Utilities, Resource Environmental Solutions, Select Water and Core & Main, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Integrated utility services in energy, water, and waste are provided.
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Water and sewage services are provided in the United Kingdom.
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Provider of ecological restoration and water resource solutions
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Wastewater treatment services are provided to industrial sectors.
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Distributor of water, wastewater, and fire protection products
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Water treatment, filtration, and distribution services are provided globally.
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Detailed competitors of Metito
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Latest news on Metito
Complete news archive for Metito
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Frequently Asked Questions about Metito
Metito was founded in 1958 and raised its 1st funding round 48 years after it was founded.
Metito is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Metito is a funded company, having raised a total of $92M across 7 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Metito is 36.
Annual revenue of Metito is $1.97M as on Mar 31, 2023.
Founded in 1958 and headquartered in Dubai, United Arab Emirates, operations are focused on water management within the utilities and industrial sectors. Membrane separators, bio-reactors, ion exchange systems, and low-temperature distillation units are developed as core products. Services encompass desalination, surface water treatment, disinfection processes, CAD drafting, and field support, addressing global water challenges through engineered systems.
Metito's top competitors include Iren Group, United Utilities and Core & Main.
Metito offers Water Treatment Solutions, Wastewater Treatment, Water Infrastructure Projects, and Seawater Treatment.
Metito has made 1 acquisition, including Data Axle.
Metito has 12 investors. Key investors include HSBC, BOC, International Finance Corporation, Dubai Islamic Bank, and Mitsubishi Heavy Industries.