About Rite Water Solutions (India) Limited
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Rite Water Solutions (India) Limited is a public limited company based in Nagpur, Maharashtra, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 24 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29100MH2004PLC148812. Its GSTIN is 27AACCN0835B1ZY (Maharashtra). The company holds 12 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹14.77 Cr. It was formerly known as Nagpur Aquatech Private Limited. It is led by directors including Abhijeet Vinayak Gan (Managing Director) and Vinayak Shankarrao Gan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at K – 60 MIDC Industrial Area Hingna Road, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2025, the company reported a revenue of ₹511.96 Cr, a growth of 147% compared to the previous year. For the same year it recorded a net profit of ₹98.73 Cr (net margin 19.3%) and EBITDA of ₹140.49 Cr (EBITDA margin 27.4%). Revenue has grown at a compounded annual rate (CAGR) of 86% over three years and 44% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Rite Water Solutions. As per MCA filings, the company has open charges of ₹214.55 Cr and satisfied charges of ₹22.5 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 4 cases are pending. The company has 17 deals on record (9 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹119.99 Cr; the latest was in February 2024. Its 3 peer companies in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply) are compared by revenue, 3 larger; the largest is Welspun Edac JV Private Limited with revenue of ₹610.47 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ritewater.in.
Company details
Name history
Rite Water Solutions (India) has undergone 2 name changes throughout its history. The company was previously known as Nagpur Aquatech Private Limited, and Rite Water Solutions (India) Limited. The current legal name is Rite Water Solutions (India) Limited.
| Company Name | Status |
|---|---|
| Rite Water Solutions (India) Limited | Current |
| Nagpur Aquatech Private Limited | Previous |
CIN history
Rite Water Solutions (India) has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29100MH2004PLC148812, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100MH2004PLC148812 | Current |
| U29100MH2004PTC148812 | Previous |
| U74999MH2004PTC148812 | Previous |
Contact details
Rite Water Solutions (India) Limited's registered office is in Nagpur, Maharashtra.
- Social Media
- Registered AddressK – 60 MIDC Industrial Area Hingna Road, Nagpur, Maharashtra, India – 440016
- IndustryEnvironment, Water Treatment
- 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
Rite Water Solutions (India) operates one associated brand: Rite Water Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Drinking water stations and purification systems are provided for consumers. | ritewater.in |
Business activity
The main business activity of Rite Water Solutions (India) is water supply, sewerage and waste management. 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 and waste management | E1 | Water collection, treatment and supply |
To see the full business activity and turnover split of Rite Water Solutions (India) Limited, buy the company report.
Financials of Rite Water Solutions (India) Limited
FY 2025 filings availableRite Water Solutions (India) Limited reported revenue of ₹511.96 Cr (up 147% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 147% growth in the latest year. EBITDA rose 87% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹140.49 Cr | ||||
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| Net Profit (PAT) | ₹98.73 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 27.4% | ||||
| Net Profit Margin | 19.3% | ||||
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To see the full financial statements and ratios of Rite Water Solutions (India) Limited, buy the company report.
Board of directors and KMP of Rite Water Solutions (India) Limited
Rite Water Solutions (India) Limited currently reports 6 directors and 1 key managerial person. 12 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aparna Krishnakant Pittie | Nominee Director | 17 Apr 2024 | 2 Years 6 Months | Current |
| Shyam Balkrishna Bhattbhatt Also directs: Konfer Netpresence Private Limited | Cfo | 27 Dec 2024 | 1 Years 9 Months | Current |
| Vinod Kumar Verma | Director | 15 Nov 2024 | 1 Years 11 Months | Current |
| Vinayak Shankarrao Gan | Whole-Time Director | 23 Jul 2012 | 14 Years 3 Months | Current |
| Abhijeet Vinayak Gan | Managing Director | 01 Apr 2006 | 20 Years 6 Months | Current |
| Khushboo Anish Pasari | Director | 27 Dec 2024 | 1 Years 9 Months | Current |
Peer comparison
Rite Water Solutions (India) Limited is compared with the 3 companies closest to it by revenue in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Welspun Edac JV Private Limited | ₹610.47 Cr (FY 2025) | 118.0% | New Delhi, Delhi, India | |||
| Toshiba Water Solutions Private Limited | ₹558.36 Cr (FY 2024) | -11.0% | Gurgaon, Haryana, India | |||
| Watco | ₹512.64 Cr (FY 2025) | 15.0% | Bhubaneswar, Odisha, India | |||
| Rite Water Solutions (India) Limitedthis company | ₹511.96 Cr (FY 2025) | ₹98.73 Cr | 19.3% | 147.0% | Nagpur, Maharashtra, India |
To see the full peer comparison of Rite Water Solutions (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2025 | 101088684 | Others | ₹75 Cr | Open | |
| 19 Jan 2024 | 100866655 | Others | ₹55 Cr | Open | |
| 31 Oct 2022 | 100646109 | Hdfc Bank Limited | ₹60 Lakh | Open | |
| 25 Feb 2022 | 100557864 | Hdfc Bank Limited | ₹83.95 Cr | Open | |
| 05 Dec 2016 | 100076208 | Others | ₹5 Cr | Satisfied |
To see the full charge records of Rite Water Solutions (India) Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Rite Water Solutions (India) Limited has 17 deals on record (9 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹119.99 Cr; the latest was in February 2024.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2024 | Funding round · Series B | ₹32.5 Cr | Investors: Gjnx Ventures, 1955 Venture Fund, 2 individuals |
| Nov 2023 | Funding round · Series A | ₹66.55 Cr | Investors: Incofin Investment Management |
| Apr 2023 | Secondary share transfer | Undisclosed | Seller: Samridhi Fund |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Rite Water Solutions (India) Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Rite Water Solutions (India) Limited has 8 court cases on record: 7 filed by Rite Water Solutions (India), 1 filed against it. 4 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2406-Indirect Taxation : Goods and Services Tax, Integrated Goods and Services Tax, State Goods and Services Tax, UT Goods and Services Tax.) | Filed against the company by Joint Commissioner CGST and Central Excise and 2 others | Pending |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against Kalpak Digital Media LLP Through Its Partners Miss Jyoti Bhavsar and Mr Nishant Bhavsar and 1 other | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against The Deputy Director, Employees State Insurance Corporation | Pending |
| District court, Nagpur, Maharashtra | Commercial suit | Filed by the company against The Chief Manager Bank of Maharashtra | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Interim or miscellaneous application | Filed by the company against The Deputy Director, Employees State Insurance Corporation | Disposed |
To see the full case history of Rite Water Solutions (India) Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Rite Water Solutions (India) Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Silicon Products (P) Associates |
To see the full MSME payment records of Rite Water Solutions (India) Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Rite Water Solutions (India) has 12 GST registrations: 10 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCN0835B1ZY | Maharashtra | Active | 01 Jul 2017 |
| 08AACCN0835B1ZY | Rajasthan | Active | 01 Jul 2017 |
| 10AACCN0835B1ZD | Bihar | Active | 01 Jul 2017 |
| 19AACCN0835B1ZV | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Rite Water Solutions (India) Limited, buy the company report.
Recent activity
Rite Water Solutions (India) Limited has 19 board changes on record since 2006: 7 appointments and 12 cessations. The latest: Ashutosh Prabhakar Joshi ceased to be Additional Director on 05 Jan 2025.
31 earlier events are in the company report.
News
Frequently asked questions
Rite Water Solutions (India) is an active public limited company based in Nagpur, Maharashtra, India. The company works in water treatment, within the environment industry. It was incorporated on 24 September 2004 (22+ years old) and is registered under CIN U29100MH2004PLC148812.
Rite Water Solutions (India) has 7 current directors and KMP:
- Abhijeet Vinayak Gan - Managing Director
- Vinayak Shankarrao Gan - Whole-Time Director
- Aparna Krishnakant Pittie - Nominee Director
- Vinod Kumar Verma - Director
- Khushboo Anish Pasari - Director
- Ashutosh Prabhakar Joshi - Director
- Shyam Balkrishna Bhattbhatt - Cfo
The latest financial statements of Rite Water Solutions (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Rite Water Solutions (India) is 27AACCN0835B1ZY, registered in Maharashtra. The company has 12 GST registrations in all, of which 10 are active and 2 are cancelled or inactive. Other active GSTINs include 08AACCN0835B1ZY (Rajasthan), 10AACCN0835B1ZD (Bihar), 19AACCN0835B1ZV (West Bengal).
The CIN (Corporate Identification Number) of Rite Water Solutions (India) is U29100MH2004PLC148812. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rite Water Solutions (India) has 8 court cases on record: 7 filed by the company and 1 filed against it. 4 are pending. Most are in the district courts.
Rite Water Solutions (India) was incorporated on 24 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Rite Water Solutions (India) has 17 deals on record (9 funding rounds, 6 secondary share transfers, 2 debt financings), with disclosed funding of ₹119.99 Cr; the latest was in February 2024.
The peers of Rite Water Solutions (India) by revenue are Welspun Edac JV Private Limited, Toshiba Water Solutions Private Limited, Watco, all in the Cleantech industry (Water and Wastewater Treatment), with the same principal business activity (water collection, treatment and supply).
Ashutosh Prabhakar Joshi ceased to be Additional Director on 05 Jan 2025. Khushboo Anish Pasari ceased to be Additional Director on 05 Jan 2025. Vinod Kumar Verma ceased to be Additional Director on 05 Jan 2025. Rite Water Solutions (India) has 19 board changes on record in total.
Rite Water Solutions (India) has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 08 Jun 2019.
Rite Water Solutions (India) can be reached through the website ritewater.in. Its registered office is in Nagpur, Maharashtra, India.