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INDUSTRIAL | Water
morfindia.com

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Acq - Fin | Alive

About Morf India

Morf India is engaged in manufacturing and service provider of water treatment plants, water purification filters and water treatment services. Its products include water purification and treatment units, waste water (sewage / kitchen effluent) treatment equipments, water pumps, water level controllers and pressure boosting systems.In June 2013, Morf India was acquired by Capvent. The valuation of Morf India was undisclosed. Other terms of the deal were not released.

Morf India Headquarter Location

3/3, Sarojini Street, Mahalingapuram Tamil Nadu

Chennai, 600 034,

India

91-44-45456666

Latest Morf India News

DealCurry.com : Capvent AG Buys Stake In Morf India

Jun 5, 2013

Private Equity | 4 June 2013 Capvent AG Buys Stake In Morf India by Charmi Gutka   @Charmi Capvent AG, a Switzerland based PE fund has picked up 51% stake in MORF India Limited, a Chennai-based water engineering company for undisclosed amount, BS stated. The funds raised will be used to develop new products, brand campaigns and also in the national expansion plans by this year end. The company's promoters will continue to run the company, while the majority stake will be held by the PE fund. Last year, Recently, Videocon group firm Electrolux entered into a marketing licence with Morf India under which Morf will sell the Kelvinator range of water purifiers and air purifiers in India and Sri Lanka. Kelvinator brand licensing agreement for refrigerators, washing machine and air conditioner are with Videocon. The licence is for five years and could be extended. Morf will pay royalty to Electrolux for the Kelvinator brand. Founded in 1998 by M.V. Praveen and R. Keannan, Chennai-based Morf India is engaged in manufacturing and service provider of water treatment plants, water purification filters and water treatment services. Its products include water purification and treatment units, waste water (sewage / kitchen effluent) treatment equipments, water pumps, water level controllers and pressure boosting systems. The company offers water treatment and purification services to government organizations, public sector companies, Indian armed forces, central research institutes, hotels, restaurants, hospitals, universities, colleges, schools, IT parks, leather tanneries, marine processing companies and fertilizer manufacturer among others. The company has branches in Chennai, Bangalore and Hyderabad, India. The water purifier market in India is estimated at R3800 Cr at present. The market is projected to grow to R7000 Cr by 2015, according to a recent study by industry body Assocham. Matrix Partners India invested R22Cr in water purification solutions provider Waterlife India. The funds will be used to scale up in the underserved potable water space. Capvent AG other portfolio companies include – Carnation Auto India; Haldia Coke & Chemicals; Ratnakar Bank, among others.s

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