About Spray Engineering
Spray Engineering is an Environment company based in Sahibzada Ajit Singh Nagar (India) founded in 1992 by Vivek Verma. It operates as an energy-efficient equipment is engineered for sugar and water industries. The company has 540 employees. Spray Engineering was last valued at $86.28 million in May 2024. Its chief executive is Lalit Handa. Its Indian entity Spray Engineering Devices Limited reported revenue of ₹462 Cr. Spray Engineering offers products and services including Low Temperature Evaporator, Direct Contact Heater, Spray Continuous Pan, Tubular Falling Film Evaporator, and Plate Type Falling Film Evaporator. Its focus areas include Waste & Water Management, Wastewater Management, Treatment and Industrial. Its competitors include Abengoa, Concord Enviro, USALCO, Praj and Oxbow and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
Spray Engineering was founded in 1992 in Sahibzada Ajit Singh Nagar, India. Operations focus on the sugar and water sectors, where process equipment and automation systems are designed, manufactured, and installed for evaporation, crystallization, and treatment processes. Services encompass project engineering, equipment production, and after-sales support, with emphasis on zero liquid discharge technologies for wastewater management. Integrated solutions are delivered to enhance efficiency in these industries.
- Headquarters Sahibzada Ajit Singh Nagar, India
- Employees 540
- Founders Vivek Verma
- Stage Minicorn
- SectorsEnvironment
- Email••••••••
- Phone•••• ••••
- Website sprayengineering.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Spray Engineering Devices Limited
- Date of Incorporation 08 Nov, 2004
- Jurisdiction Chandigarh, India
- Annual Revenue₹462 Cr
FY 2025 · -16% YoY
- Net Profit₹15.02 Cr
FY 2025 · 3% margin
- EBITDA₹39.62 Cr
FY 2025 · 9% margin
- Latest Funding Round$8.63M (USD), Unspecified
May 2024
- InvestorsVistra
& 22 more
- Employee Count540
Associated legal entities of Spray Engineering
Spray Engineering operates through Spray Engineering Devices 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 |
|---|---|---|---|---|---|---|---|
| Spray Engineering Devices Limited CIN U00000CH2004PLC027625 | Active | 08 Nov 2004 | Chandigarh, Chandigarh | ₹462 Cr | 540 | 5 | View details |
Products & Services of Spray Engineering
Spray Engineering offers a comprehensive portfolio of products and services, including Low Temperature Evaporator, Direct Contact Heater, Spray Continuous Pan, Tubular Falling Film Evaporator, and Plate Type Falling Film Evaporator.
Efficient device for evaporation in sugar and wastewater processes
High-efficiency heater for juice and water heating applications
System for continuous sugar processing with high energy efficiency
Evaporator for sugar industry with improved heat transfer
Compact evaporator for various industrial applications
Apps and channels of Spray Engineering
its YouTube channel Spray Engineering Devices Limited - SED has 5K subscribers and 30 videos.
Videos from Spray Engineering
The most watched videos on Spray Engineering's YouTube channel, Spray Engineering Devices Limited - SED (5K subscribers). Click a video to play it here.
Funding Insights of Spray Engineering
- Total Rounds 1
- Last Round Unspecified — $8.63M
- First Round $8.63M
(May 2024)
- Investors Count 23
All 1 funding rounds of Spray Engineering 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 |
|---|---|---|---|---|---|
| May 2024 | $8.63M | Unspecified | $86.28M | FidelisWorld |
| Date | Valuation | Stage |
|---|---|---|
| May 2024 | $86.28M | •••••••• |
Last known valuation $86.28M (May 2024). 23 investors in total: 5 institutional and 18 angel.
Investors in Spray Engineering
Spray Engineering has secured backing from 23 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Vistra, FidelisWorld and Minerva Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Growth equity based VC firm | – | fidelisworld.com | Ebene City, Mauritius | |
Risk management and advisory services are offered to environmental sectors. | – | minervaventures.com | Mountain View, United States | |
Wealth management, financial advisory, and fiduciary services are provided. | 2006 | vistra.com | Hong Kong, China | |
MM Mukel Mahavir Agrawal | - | – | unknown_d0489627138f41ad8 | - |
RR Reina R Jaisinghani | - | – | unknown_d08691e424f444bf9 | - |
AK Anil Kumar Goel | Prominent Indian angel investor, focuses on early-stage startups | – | unknown_e19275c3191145a2b | - |
AJ Ajay Jaisinghani | - | – | unknown_7614323e965a4ff79 | - |
BS Bikramjit Singh Kandhari | - | – | unknown_8f763637e0e3490db | - |
VR Vijay Ramvallabh Khetan | - | – | unknown_0825c7fd51f543de9 | - |
GT Girdhari Thakurdas Jaisinghani | - | – | unknown_5fa521fc0f474c80b | - |
Investor details for Spray Engineering
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Board of directors of Spray Engineering Devices Limited (Spray Engineering)
Spray Engineering Devices Limited is the primary company behind Spray Engineering. The board of Spray Engineering Devices Limited currently have 4 directors; the longest-serving is Vivek Verma, appointed in 2004. 26 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vivek Verma DIN 00032970 | Managing Director | 06 Dec 2004 | 21 yrs 10 mo | Spray Engineering Devices Limited |
| Shridhar Venkatesh DIN 00025040 | Nominee Director | 26 Apr 2017 | 9 yrs 5 mo | Spray Engineering Devices Limited |
| Niveta Rampaul Sharma DIN 08056816 | Director | 06 May 2024 | 2 yrs 5 mo | Spray Engineering Devices Limited |
| Arshdeep Kaur DIN 08056826 | Director | 06 May 2024 | 2 yrs 5 mo | Spray Engineering Devices Limited |
People of Spray Engineering
25 people are tracked at Spray Engineering (6 in leadership, 19 in team); the tracked headcount is 540.
| Name | Role | Group |
|---|---|---|
| Founder & MD | Leadership | |
Lalit Handa | CEO | Leadership |
Prateek Verma | Wholetime Director | Leadership |
Rinkal Goyal | Company Secretary & Chief Compliance Officer | Leadership |
Jitendar Kumar | Chief Financial Officer | Leadership |
Arjun Malik | Head Human Resources | Leadership |
Manohar Sandhu | Team Leader - Facility Management & Adminstration | Team |
Amit Parmar | Commercial Officer | Team |
Munish Kumar | Officer - Design & Development (3d Plant Design) | Team |
Abhinav Sharma | Officer Design Engineer ( New Product Development ) | Team |
Raja Mir | Senior Project Officer | Team |
Ravinder Singh | Associate Instrument And Automation Engineer | Team |
Ayush Soni | Officer- Business Development In Sustainability Environment Development Ltd | Team |
Shiv Kumar | Section Leader-talent Management | Team |
Kaleem Ahmad | Officer | Team |
Virender Singh | Commercial Officer | Team |
Mohd Usman | Project Control Coordinator And Estimation Engineer | Team |
Maria Sundararaj | Senior Project Coordinator | Team |
Kunal Kumar | Research Assistant | Team |
Abhishek Sharma | Ea-management Office And Recruitment | Team |
5 more people are available in the full profile.
Complete people profiles for Spray Engineering
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Spray Engineering
Figures of Spray Engineering Devices Limited, the primary company behind Spray Engineering, for FY 2025. Revenue was ₹462 Cr (-16% year on year). Net profit was ₹15.02 Cr (3% margin). EBITDA was ₹39.62 Cr (9% margin). Revenue has grown at a compounded annual rate of +29% over three years and +44% over five years.
- ₹462 CrRevenue · FY 2025 · -16% YoY
- ₹15.02 CrNet profit · 3% margin
- ₹39.62 CrEBITDA · 9% margin
- ₹25.10 CrPaid-up capital
- 540Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +44%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spray Engineering Devices Limited are on its company page.
Detailed financial statements for Spray Engineering
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Spray Engineering
3 dated milestones of Spray Engineering across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Spray Engineering is founded.
- Funding First funding round of $8.6M.
- Milestone Reaches Minicorn status.
Competitors of Spray Engineering
Spray Engineering has 9 listed competitors in our database, 5 of them funded. They include Abengoa, Concord Enviro, USALCO, Praj and Oxbow, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| abengoa.com | 1941 | Seville, Spain | – | 12,468 | Energy, water, and waste management services are provided. | |
| concordenviro.in | 1992 | Mumbai, India | $21M | 543 | Industrial wastewater treatment and waste management services are provided. | |
| usalco.com | 1979 | Baltimore, United States | $37M | 190 | Provider of alumina based chemical solutions for water treatment and industrial applications | |
| praj.net | 1983 | Pune, India | – | 1,458 | Bioethanol and wastewater treatment services are provided alongside biofuel research. | |
| oxbow.com | 1983 | West Palm Beach, United States | – | – | Refinery and natural gas byproducts are recycled and treated. | |
| cleanchemi.com | 2012 | Boulder, United States | $2.72M | 30 | Provider of industrial water treatment services | |
| nalco.com | 1928 | Naperville, United States | – | 24 | Water treatment solutions are provided to industrial clients globally. | |
| heartlandtech.com | 2008 | Hudson, United States | $49M | – | Wastewater treatment technology and services are provided to industries. | |
| hydroleap.com | 2016 | Singapore | $11.09M | – | Wastewater treatment services are provided by Hydroleap in Singapore. |
Detailed competitors of Spray Engineering
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Web traffic of Spray Engineering
The website of Spray Engineering (sprayengineering.com) receives about 2.6K visits a month.
- Monthly visits2.6K
▲ 55.6% vs previous month
Top companies in Waste & Water Management Systems
10 companies that operate in the same segment as Spray Engineering (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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Related news about Spray Engineering
Complete news archive for Spray Engineering
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Frequently Asked Questions about Spray Engineering
Spray Engineering was founded in 1992 and raised its 1st funding round 32 years after it was founded.
Spray Engineering is headquartered in Sahibzada Ajit Singh Nagar, India. It is registered at Sahibzada Ajit Singh Nagar, Punjab, India.
Lalit Handa is the current CEO of Spray Engineering.
Spray Engineering has 540 employees.
The primary company behind Spray Engineering, Spray Engineering Devices Limited, reported revenue of ₹462 Cr for FY 2025, down 16% year on year.
Spray Engineering was founded in 1992 in Sahibzada Ajit Singh Nagar, India. Operations focus on the sugar and water sectors, where process equipment and automation systems are designed, manufactured, and installed for evaporation, crystallization, and treatment processes. Services encompass project engineering, equipment production, and after-sales support, with emphasis on zero liquid discharge technologies for wastewater management. Integrated solutions are delivered to enhance efficiency in these industries.
Spray Engineering's top competitors include Abengoa, Concord Enviro and Praj.
Spray Engineering offers Low Temperature Evaporator, Direct Contact Heater, Spray Continuous Pan, Tubular Falling Film Evaporator, and Plate Type Falling Film Evaporator.
Spray Engineering has 23 investors. Key investors include Vistra, FidelisWorld, Minerva Ventures, Renesis Financial Services, and PRABHAT FINANCIAL SERVICES LTD.
The valuation of Spray Engineering is $86.28M as of May 2024.
Spray Engineering operates through Spray Engineering Devices Limited.
The legal entities of Spray Engineering currently have 5 directors, including Kalyan Chaudhary, Vivek Verma, Shridhar Venkatesh and others.