GEF Capital Invests $50 Million in Membrane Group to Expand Process Water Solutions

Membrane Group India Pvt. Ltd., a 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, marking a milestone in the company’s expansion strategy.

The infusion of funds aims to empower Membrane Group with enhanced capabilities to deliver Ultrapure Water (UPW), Wastewater Treatment, Water Reclamation, and Zero Liquid Discharge (ZLD) systems – crucial for fast-growing sectors such as solar PV, semiconductors, microelectronics, and advanced manufacturing.

Strategic Focus: Innovation and Scale

This new investment will enable Membrane Group to scale up project execution, invest in advanced R&D, and create cutting-edge resource recovery solutions designed to meet the sustainability goals of modern industries.

Chairman M M Narang commented, “This signifies the trust we have built with our customers, partners, and employees. With support from GEF Capital Partners, we can further strengthen our scale, accelerate innovation, and realize our mission to build a global, technology-driven, and climate-responsible process water and wastewater treatment company in India”.

Abhishek Loonker, Managing Director at GEF Capital Partners, highlighted the strategic importance of water solutions, stating, “Water is one of the defining resource challenges of our time, and India is a critical market for sustainable technology. Membrane Group has the technology, leadership, and vision to become a global player, and we look forward to supporting its capacity scale-up initiatives”.

Membrane Group

Headquartered in Gurugram, Membrane Group specializes in process water and wastewater solutions with focus areas including ultrapure water treatment, effluent management, water reclamation, and ZLD systems.

The company has over thirty years of experience, a modern manufacturing facility, and a growing global footprint. Membrane Group has executed over 2,500 projects in India and around the world. It partners with high-growth industries such as renewable energy and advanced manufacturing.

GEF Capital Partners’ Climate Mission

GEF Capital Partners operates as a global private equity manager focused on climate-positive investments across India, the USA, and Brazil. Their investment approach balances private equity returns with measurable environmental outcomes.

Recent GEF Capital investments in India include Sahyadri Farms, Sterlite Power Transmission Limited, and TI Clean Mobility, reflecting their commitment to advancing sustainability through strategic partnerships.