1.Company Information
Concord Enviro Systems Limited (CESL), established in 1999. The company is headquartered in Mumbai, Maharashtra, India and is led by Prayas Goel (Chairman and Managing Director) and Prerak Goel (Executive Director). CESL is a leading provider of environmental engineering solutions, specialising in:
- Wastewater treatment and recycling
- Desalination
- Industrial solid waste management
CESL's expertise lies in Zero Liquid Discharge (ZLD) technology, which aims to minimise the environmental impact of industrial processes by recovering and reusing all wastewater. The company offers a diverse range of products and services, including:
- Design, manufacture, and installation of water treatment systems
- Water pollution control equipment
- Bio filters
- Resource recovery systems
- Operation and maintenance services
CESL distinguishes itself from competitors through in-house technology and innovation, such as Ultra-High Pressure Reverse Osmosis (UHPRO) membranes. These membranes achieve high recovery rates, solidifying CESL's position in the Indian market.
CESL operates both domestically and internationally, with subsidiaries in India, UAE, and Mexico. The company has a strong track record and reputation, built over 25 years in the water treatment industry. CESL's commitment to providing sustainable solutions aligns with growing global environmental concerns, enhancing its appeal to investors.
2. Strenghts
1) Extensive experience and market leadership: CESL boasts over 25 years of experience in the water treatment industry. This long-standing presence, coupled with a strong track record, has positioned CESL as a leading provider of environmental engineering solutions, particularly in zero liquid discharge (ZLD) technology.
2) Comprehensive and innovative product portfolio: CESL offers a wide range of products and services that cover the entire spectrum of water and wastewater treatment. From design and manufacture to installation, operation, and maintenance, the company provides end-to-end solutions. Furthermore, their commitment to in-house technology development, exemplified by their Ultra-High Pressure Reverse Osmosis (UHPRO) membranes, underscores their innovative edge.
3) Focus on sustainability: In a world increasingly concerned with environmental impact, CESL's dedication to sustainable solutions is a major strength. Their ZLD technology, which minimises waste and promotes water reuse, directly addresses the growing need for eco-conscious industrial practices. This positions CESL favourably within a market that prioritises environmental responsibility.
4) Strong customer relationships and a diversified client base: CESL has cultivated strong relationships with its customers, as evidenced by their high rate of repeat business. Additionally, their client base spans various industries, including pharmaceuticals, chemicals, food and beverage, and energy. This diversification mitigates risk and provides a stable foundation for continued growth.
5) Experienced management team and skilled workforce: CESL is led by an experienced management team with a proven track record of success. They are supported by a skilled workforce that is committed to maintaining the company's high standards of quality and customer satisfaction. The company also prioritises employee training and development, ensuring a knowledgeable and dedicated team.
3. Objects of the Issue
The Net Proceeds of the Fresh Issue are proposed to be utilised in the following manner:
1) Investment in the wholly owned Subsidiary, Concord Enviro FZE (“CEF”) for financing its capital expenditure requirements for the greenfield project to develop an assembly unit to assemble systems and plants for the treatment of water, wastewater and related membrane modules (the “U.A.E Project”);
2) Investment in our wholly owned Subsidiary, Rochem Separation Systems (India) Private Limited (“RSSPL”), for financing its capital expenditure requirements for the brownfield project to expand the manufacturing facilities, storage and supporting activities (the “Vasai Project”);
3) Funding capital expenditure requirements of the Company for the purchase of plant and machinery;
4) Investment in our wholly owned Subsidiary, Concord Enviro FZE, for prepayment or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by Concord Enviro FZE;
5) Investment in the wholly owned Subsidiary, Concord Enviro FZE, for funding working capital requirements of Concord Enviro FZE;
6) Investment in the joint venture, Reserve Enviro Private Limited, to grow our pay-per-use/pay-as-you-treat business;
7) Investment in technology and other growth initiatives to access new markets; and
8) General corporate purposes. (collectively, referred to herein as “Objects”)
4.Concord Enviro Systems Limited Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: concordenviro.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html