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November 01, 2007

Deal Alert: IDFC PE invests Rs. 35 crores in water management co. Doshion

Edited extracts from the press release:

Water management company Doshion Limited has raised Rs. 350 million from IDFC Private Equity (via its IDFC PE Fund II). Doshion has a pan-India presence and has executed projects - in sectors like water purification, waste water and effluent treatment - in over forty countries across the world. The company was founded by its Chairman Dhirajlal Doshi in 1978 and is managed by his sons, headed by Ashit Doshi (Managing Director) and backed by a team of professionals.

The money raised from IDFC Private Equity will be used to fuel further growth, including acquiring niche companies in the areas of design and fabrication of water treatment plants and for bidding for upcoming BOT and BOOT projects in the water segment.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of information and networking services to the private equity and venture capital ecosystem in India. View free samples of Venture Intelligence newsletters and reports.