Incorporated in 2008, Vishvaraj Environment is a leading company in water utility and wastewater management, focusing on recycling treated sewage water for industrial use.

The company provides complete water and wastewater solutions, includng Water Treatment Plants (WTPs), Sewage Treatment Plants (STPs), Industrial water reuse projects, and Water distribution networks.

It works on various models, including Public-Private Partnership (PPP), Hybrid Annuity Model (HAM), Engineering, Procurement and Construction (EPC), and Operations and Maintenance (O&M).

As of March 31, 2025, it sell 240 MLD of treated sewage water through two PPP projects and have 300 MLD under development. As of March 31, 2025, the company has an Order Book of Rs 160,113.44 million and Assets Under Management (AUM) of Rs 66,779.00 million

The company has a strong presence across India with operational and under construction water and waste water projects in 30 cities.

Its upcoming projects include 486 MLD STP project in Nashik to clean the Godavari river before the 2027 Kumbh Mela and an irrigation project covering 20,887 hectares of farmland.

In FY2025, it further entered the solar power sector where the company is setting up 201 MW solar projects across six districts in Maharashtra and have signed Power Purchase Agreements (PPAs) with the Maharashtra State Electricity Distribution Company under the PM-Kusum Scheme.

As of March 31, 2025, the company has 879 permanent employees.

Competitive Strengths

• Leading Developer of Water Utility and Wastewater Management Projects Well Positioned to Capitalize on Industry Tailwinds
• Asset Ownership Model with Focus on Long-term Concessions with Predictable Cash Flows
• Demonstrated End-to-End Execution Capabilities with in-house EPC and O&M Capabilities
• Substantial and Well Diversified Order Book Serving Marquee Clients
• Track Record of Consistent Operational and Financial Performance
• Experienced Promoters and Management Team