Membrane Group, a leading provider of advanced process water and wastewater treatment solutions, has received a USD 50 million investment commitment from GEF Capital Partners’ South Asia Growth Fund III. The investment aims to accelerate the company’s innovation and scale in sustainable water management technologies.
The funding will strengthen Membrane Group’s ability to deliver Ultrapure Water (UPW), Wastewater Treatment, Water Reclamation, and Zero Liquid Discharge (ZLD) systems for high-growth sectors, including solar photovoltaics, semiconductors, microelectronics, and advanced manufacturing. It will also support the company’s expansion in R&D, resource recovery, and project execution for large-scale multi-GW projects in India and overseas.
“This investment signifies the trust we’ve built with our stakeholders. With GEF Capital Partners’ support, we are positioned to enhance scale, accelerate innovation, and strengthen our mission to build a global, technology-driven, and climate-responsible water solutions company from India,” said M. M. Narang, Chairman, Membrane Group.
Abhishek Loonker, Managing Director, GEF Capital Partners, added, “We are delighted to partner with Membrane Group at this pivotal stage. Water is one of the defining challenges of our time, and India plays a critical role in shaping sustainable solutions. Membrane Group’s technology and leadership position it to become a global player in this essential sector.”
The partnership underscores investor confidence in clean technology, climate innovation, and industrial water sustainability as critical enablers of India’s green growth transition. |
