GEF Capital Injects $50M into Water Leader Membrane Group

Membrane Group, a Gurugram-based leader in advanced water and wastewater treatment, has secured a $50 million investment commitment from GEF Capital Partners through the South Asia Growth Fund III (SAGF III) managed by South Asia EBT Fund (SEF).

The funding will enable Membrane to scale its capabilities in ultrapure water systems, wastewater treatment, water reclamation, and zero liquid discharge (ZLD) technologies—particularly for high-growth sectors such as solar PV, semiconductors, and advanced manufacturing. The investment will support project execution, R&D, and the development of innovative resource recovery solutions.

GEF Capital Partners, a global private equity firm focused on climate-resilient investments, operates in India, the U.S., and Brazil, with recent investments in Sahyadri Farms and Sterlite Power Transmission.

With over 2,500 completed projects, Membrane Group plays a critical role in advancing sustainability and ESG objectives across key industries. Chairman M.M. Narang stated that the investment will accelerate the company’s mission to become a global, technology-led process water leader, driving climate responsibility and innovation at scale.

News by Rahul Yelligetti.