About Rite Water Solutions
Rite Water Solutions is a company based in Nagpur (India) founded in 2006. Rite Water Solutions has raised $13.97 million across 5 funding rounds from investors including Incofin Investment Management, SIDBI Venture Capital and Gunavanth Vaid. The company has 112 employees. Rite Water Solutions offers products and services including Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems. Rite Water Solutions operates in a competitive market with competitors including HYDROP, among others.
- Headquarter Nagpur, India
- Employees 112
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website ritewater.in
- Social LinkedIn X Facebook YouTube
- Legal Name Rite Water Solutions (India) Limited
- Date of Incorporation 24 Sep, 2004
- Jurisdiction Nagpur, Maharashtra, India
- Annual Revenue₹512 Cr
FY 2025 · +147% YoY
- Net Profit₹98.73 Cr
FY 2025 · 19% margin
- EBITDA₹140 Cr
FY 2025 · 27% margin
- Total Equity Funding$13.97M (USD)
in 5 rounds
- Latest Funding Round$3.92M (USD), Series B
Feb 2024
- InvestorsIncofin Investment Management
& 22 more
- Employee Count112
Associated legal entities of Rite Water Solutions
Rite Water Solutions is associated with 2 registered companies on The Company Check; the primary company is Rite Water Solutions (India) Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rite Water Solutions (India) Limited CIN U29100MH2004PLC148812 | Active | 24 Sep 2004 | Nagpur, Maharashtra | ₹512 Cr | 112 | 7 | View details |
| Rite Water Lakecity Llp CIN AAM-9843 | Active | 17 Jul 2018 | Nagpur, Maharashtra | – | – | 2 | View details |
Products & Services of Rite Water Solutions
Rite Water Solutions offers a comprehensive portfolio of products and services, including Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems.
Systems for purifying water in rural and industrial areas.
Pumps using solar energy for agricultural water supply.
Digital tools for efficient water and energy management.
Apps and channels of Rite Water Solutions
its YouTube channel RiteWater Solutions has 222 subscribers and 24 videos.
Videos from Rite Water Solutions
The most watched videos on Rite Water Solutions's YouTube channel, RiteWater Solutions (222 subscribers). Click a video to play it here.
More on RiteWater Solutions.
Funding Insights of Rite Water Solutions
Rite Water Solutions has successfully raised a total of $13.97M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $3.92 million completed in February 2024. 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 $13.97M
- Total Rounds 5
- Last Round Series B — $3.92M
- Investors Count 23
All 5 funding rounds of Rite Water Solutions 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 2024 | $3.92M | Series B | $52.12M | – | |
| Oct 2023 | $7.88M | Series B | $45.69M | Incofin Investment Management | – |
| Jun 2015 | $1.51M | Seed | – | SIDBI Venture Capital | – |
| Mar 2014 | $666,548 | Seed | $••••• | SIDBI Venture Capital | – |
| Apr 2013 | – | Angel Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $52.12M | •••••••• |
| Oct 2023 | $45.69M | •••••••• |
| Mar 2014 | $••••• | •••••••• |
Full valuation and stage history of Rite Water Solutions
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $52.12M (Feb 2024). 23 investors in total: 8 institutional and 15 angel.
Investors in Rite Water Solutions
Rite Water Solutions has secured backing from 23 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Incofin Investment Management, SIDBI Venture Capital and Gunavanth Vaid.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in multiple sectors | – | gjnxventures.tcc.mode | - | |
Investments are focused on advanced technologies for global challenges. | 2016 | 1955.capital | - | |
Impact investing in agriculture, water access, and microfinance across emerging markets. | 2001 | incofin.com | Antwerp, Belgium | |
Venture capital management for SMEs and startups in India. | 1999 | sidbiventure.co.in | Mumbai, India | |
- | – | commercinateenterprise.tcc.mode | - | |
- | – | lumosadvisors.tcc.mode | - | |
Management consulting services are provided to businesses. | – | cerametconsultants.tcc.mode | Mumbai, India | |
Provides financial planning and advisory services to clients. | 2000 | shaguncapital.com | Udaipur, India | |
GV Gunavanth Vaid | - | – | unknown_31ad1345672640ef9 | - |
MM Mukul Mahavir Agarwal | - | – | unknown_c5d4969580b44787b | - |
Investor details for Rite Water Solutions
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Rite Water Solutions (India) Limited (Rite Water Solutions)
Rite Water Solutions (India) Limited is the primary company behind Rite Water Solutions. The boards of the 2 registered companies of Rite Water Solutions currently have 8 directors; the longest-serving is Vinayak Shankarrao Gan, appointed in 2012. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vinayak Shankarrao Gan DIN 01581401 | Whole-time director | 23 Jul 2012 | 14 yrs 2 mo | Rite Water Solutions (India) Limited |
| Krupali Ganesh Wagh DIN 07871910 | Designated Partner | 17 Jul 2018 | 8 yrs 2 mo | Rite Water Lakecity Llp |
| Abhijeet Vinayak Gan DIN 01350305 | Designated Partner | 17 Jul 2018 | 8 yrs 2 mo | Rite Water Lakecity Llp, Rite Water Solutions (India) Limited |
| Aparna Krishnakant Pittie DIN 07857183 | Nominee Director | 17 Apr 2024 | 2 yrs 5 mo | Rite Water Solutions (India) Limited |
| Vinod Kumar Verma DIN 00331467 | Director | 15 Nov 2024 | 1 yr 10 mo | Rite Water Solutions (India) Limited |
| Ashutosh Prabhakar Joshi DIN 07764733 | Director | 15 Nov 2024 | 1 yr 10 mo | Rite Water Solutions (India) Limited |
| Shyam Balkrishna Bhattbhatt DIN 03547507 | CFO | 27 Dec 2024 | 1 yr 9 mo | Rite Water Solutions (India) Limited |
| Khushboo Anish Pasari DIN 07587383 | Director | 27 Dec 2024 | 1 yr 9 mo | Rite Water Solutions (India) Limited |
People of Rite Water Solutions
2 people are tracked at Rite Water Solutions (2 in leadership); the tracked headcount is 112.
| Name | Role | Group |
|---|---|---|
Vinod Gaan | Proprietor | Leadership |
Abhijeet Gaan | CEO & Managing Director | Leadership |
Complete people profiles for Rite Water Solutions
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Rite Water Solutions
Figures of Rite Water Solutions (India) Limited, the primary company behind Rite Water Solutions, for FY 2025. Revenue was ₹512 Cr (+147% year on year). Net profit was ₹98.73 Cr (19% margin). EBITDA was ₹140 Cr (27% margin). Revenue has grown at a compounded annual rate of +86% over three years and +44% over five years.
- ₹512 CrRevenue · FY 2025 · +147% YoY
- ₹98.73 CrNet profit · 19% margin
- ₹140 CrEBITDA · 27% margin
- ₹14.77 CrPaid-up capital
- 112Employees (provident fund records)
- +86%Revenue CAGR, 3 years
- +44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rite Water Solutions (India) Limited are on its company page.
Detailed financial statements for Rite Water Solutions
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Rite Water Solutions
4 dated milestones of Rite Water Solutions across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Rite Water Solutions is founded.
- Funding First funding round.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $3.9M.
Competitors of Rite Water Solutions
Rite Water Solutions 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 HYDROP, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hydrop.io | 2019 | Bengaluru, India | – | – | Manages a digital hub for on-demand drinking water delivery services. |
Detailed competitors of Rite Water Solutions
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Verified entity values are shown only after access is granted.
Web traffic of Rite Water Solutions
The website of Rite Water Solutions (ritewater.in) receives about 6K visits a month.
- Monthly visits6K
▲ 30.6% vs previous month
Latest news on Rite Water Solutions
Complete news archive for Rite Water Solutions
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to Rite Water Solutions
10 companies that operate in the same segment as Rite Water Solutions (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
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 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Frequently Asked Questions about Rite Water Solutions
Rite Water Solutions was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Rite Water Solutions is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Abhijeet Gaan is the current CEO of Rite Water Solutions.
Rite Water Solutions is a funded company, having raised a total of $13.97M across 5 funding rounds to date.
Rite Water Solutions has 112 employees.
The primary company behind Rite Water Solutions, Rite Water Solutions (India) Limited, reported revenue of ₹512 Cr for FY 2025, up 147% year on year.
Rite Water Solutions was established in 2006 in Nagpur, India, within the water treatment sector. Various purification systems, including Reverse Osmosis, Ultrafiltration, and Water Softening, are offered. Technologies such as electrolytic processes, nanotechnology-based water quality solutions, and membrane filtration are utilized in operations. A network of drinking water stations is maintained to serve consumers across the region. Key leadership includes the proprietor and CEO Managing Director.
Rite Water Solutions's top competitors include HYDROP.
Rite Water Solutions offers Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems.
Rite Water Solutions has 23 investors. Key investors include Incofin Investment Management, SIDBI Venture Capital, Gunavanth Vaid, GJNX Ventures, and 1955 Capital.
The valuation of Rite Water Solutions is $52.12M as of Feb 2024.
Rite Water Solutions is associated with 2 legal entities: Rite Water Solutions (India) Limited, Rite Water Lakecity Llp.