Chennai-based water treatment solutions provider, Hubert Enviro Care Systems (HECS), is preparing to launch an initial public offering (IPO) within the next 6 to 12 months, aiming to raise approximately ₹200 crore to fuel its global expansion through acquisitions.
CEO JR Moses highlighted the shifting dynamics in the water treatment technology sector, noting that while Indian companies historically relied on Western technology, HECS is now poised to offer its own solutions globally. “The funds raised from the IPO will support our acquisition strategy and international operations,” Moses told businessline. HECS is working with merchant bankers to facilitate the IPO.
Currently generating ₹200 crore in revenue and employing around 3,000 people, HECS is setting up an office in Sri Lanka, expected to open next month. Although 98 per cent of the company’s revenue comes from India, HECS plans to increase its international revenue share to 30 per cent as part of its global growth strategy.
“We aim to establish ourselves as a 360-degree environmental management company, offering services from environmental approvals and assessments to setting up water treatment facilities,” said Abishek Moses, Director of HECS. The company’s focus will remain on recycling plants for sewage and effluent, as well as specialized applications in industrial water treatment.
In a significant development, HECS has partnered with Japan-based Toyobo MC Corporation, part of the Mitsubishi Group, to source cost-effective reverse osmosis (RO) membranes for its water treatment projects. The collaboration is expected to improve water treatment performance by 20-25 per cent at a lower cost, with Toyobo providing technical support beyond sales.
As reported by thehindubusinessline, this partnership, along with HECS’ expansion plans, is expected to enhance the company’s competitive edge in the global water treatment market.
