Membrane Group India Pvt Ltd (“Membrane Group”), a leading name in advanced process water and wastewater management, has received an investment commitment of USD 50 million from GEF Capital Partners’ South Asia Growth Fund III. The funding will help the company strengthen its technical capabilities and scale its sustainable water solutions portfolio.
The investment will enable Membrane Group to expand its expertise in Ultrapure Water (UPW), Wastewater Treatment, Water Reclamation, and Zero Liquid Discharge (ZLD) systems for high-growth sectors such as solar, semiconductors, microelectronics, and advanced manufacturing. It will also support the company’s R&D programs, increase project execution capacity, and foster innovation in resource recovery technologies. This strategic partnership marks a key step in Membrane Group’s vision to become a global, technology-led leader in process water and wastewater treatment, executing large-scale projects in India and overseas with enhanced efficiency and transparency.
Speaking on the partnership, MM Narang, Chairman of Membrane Group, said, “This collaboration reflects the confidence of our customers and partners. With GEF Capital’s support, we are better positioned to accelerate innovation, expand capacity, and strengthen our presence as a climate-conscious water solutions provider from India.”
Abhishek Loonker, Managing Director at GEF Capital Partners, added, “We are excited to work with Membrane Group at this pivotal stage. Water is one of the most critical global resource challenges, and India presents immense opportunities for sustainable, technology-driven solutions. Membrane Group has the right expertise, leadership, and vision to scale globally, and we look forward to contributing to its growth journey.”
Based in Gurugram, Membrane Group is a technology-driven provider of process water and wastewater treatment systems, including ultrapure water, effluent treatment, water reclamation, and ZLD solutions. With over 30 years of experience, a modern manufacturing facility, and operations spanning multiple geographies, the company has executed more than 2,500 projects. It serves key industries such as renewable energy, semiconductors, and advanced manufacturing, helping clients achieve their sustainability and ESG goals.
GEF Capital Partners is a global private equity firm focused on investing in companies that address climate change through sustainable solutions. Operating across India, the United States, and Brazil, GEF Capital invests in businesses that deliver both strong financial performance and positive environmental impact. Its Indian investments include Sahyadri Farms, Sterlite Power Transmission Limited, and TI Clean Mobility Private Limited.
