VA Tech Wabag – A leader in water treatment plants

VA Tech Wabag (WABAG) is a leader in water and waste water management. The company provides design, construction and operational management of water and wastewater plants for both the municipal bodies and industrial sectors. The company has completed more than 1200 projects since 1995 and is present across more than 30 countries. The company has 60 operational sites across the world. It has more than 2000 employees.

Clients/ Key Projects:
– WABAG built the water treatment plant for the Jamnagar Refinery owned by Reliance which is the largest refinery in the world
– WABAG is setting up the water treatment plant for the RAPID project (RM60 billion) in Malaysia owned by Petronas
– WABAG setup the India’s largest seawater desalination plant for Chennai Municipal Corporation
– WABAG’s top clients include government municipal bodies

– Mr. Rajiv Mittal, MD and CEO of WABAG, has over 23 years of experience in the water treatment industry
– Mr. Mittal has previously worked with large water engineering companies like Hindustan Dorr-Oliver and John Brown
– Mr. Mittal holds Chemical Engineering degree from the University of Bombay
– Mr. Bhagwan Dass Narang, independent chairman of WABAG, has over 30 years of banking experience. He is a Post Graduate in Agricultural Economics
– WABAG’s major clients are municipal bodies where the receivable days are high (200-250 days). In spite of this, the company has managed its working capital very well
– The management is good at capital allocation
– Able and good management

– Promoters hold 29% of the company
– SBI Mutual Fund holds 6.4% of the company
– IDFC Mutual Fund holds 5.8% of the company
– Parvest India Fund holds 5% of the company
– Sumitomo Corporation holds 4.5% of the company
– ICICI Prudential Life holds 3.4% of the company


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s