Banka Bioloo Ltd Management Discussions

Industry Overview

India Water and Wastewater Treatment (WWT) Technology Market Analysis

Market Size & Growth Projections

The water and wastewater treatment technology market in India is poised for significant growth over the coming years. The market is estimated to grow from USD 1.13 billion in 2025 to USD 1.89 billion by 2030, at a CAGR of 10.78% during the forecast period (2025–2030). This growth is primarily driven by increasing water scarcity, rapid urbanization, and a growing focus on sustainability and environmental regulations.

Impact of COVID-19:

The COVID-19 pandemic led to short-term disruptions in industrial operations, affecting the demand for wastewater treatment technologies in certain sectors. However, the medium- to long-term outlook remains positive, as the diminishing freshwater resources and increasing wastewater complexities continue to drive the need for innovative water treatment technologies.

Market Trends and Drivers

1. Rising Demand for Water and Wastewater Treatment Technologies

India is experiencing increased demand for sanitation solutions driven by several factors: Water Scarcity: By 2030, Indias water demand is expected to exceed supply by two times. This exacerbates the pressure on water resources, prompting the need for advanced water treatment solutions.

Government Initiatives: The Swachh Bharat Mission-Urban 2.0, Jal Jeevan Mission, and AMRUT 2.0 have brought substantial government investments into water treatment and wastewater management, driving the need for innovative technologies in both rural and urban areas.

2. Treatment Equipment Dominance

The market for treatment equipment will continue to dominate, including technologies for:

• Oil/water separation

• Suspended solids removal

• Dissolved solids removal

• Biological treatment/nutrient and metals recovery

• Disinfection/oxidation

These technologies are crucial in sectors such as coal mining, food and beverage, and chemical manufacturing, where there is an urgent need to treat and recycle large volumes of wastewater.

3. Municipal Segment Leading Growth

The municipal water treatment sector remains the largest application for water treatment technologies. Urbanization in India is expected to increase rapidly, with India and China leading the worlds urban population surge by 2050. The governments initiative to provide 100% access to safe drinking water by 2024–2025 will require extensive municipal water treatment systems, further driving the demand for innovative technologies.

Increasing rural access to safe drinking water: In FY 2022, the percentage of the rural population with access to safe and adequate drinking water increased to 61.52% from 55.23% in FY 2021, showing strong momentum in this area.

Public-Private Partnerships (PPP):

Collaborative efforts between the government and private companies, such as IDE Technologies desalination plants, and initiatives from the Council on Energy, Environment, and Water (CEEW) to improve wastewater management will likely accelerate the development of municipal treatment plants.

4. Innovations in Water Treatment Technologies

Innovation is a key growth driver for the water and wastewater treatment market: Smart STPs and IoT-enabled water treatment systems will play an increasingly critical role in improving operational efficiency and monitoring wastewater.

The growing emphasis on sustainable technologies has led to the development of bio-digesters and waterless toilets, providing viable solutions for water-scarce regions.

5. Increasing Adoption of CSR and Philanthropy

As part of corporate social responsibility (CSR) initiatives, many private sector companies are investing in water and sanitation infrastructure in underserved regions. CSR funding continues to support school sanitation projects, gender-focused WaSH (Water, Sanitation, and Hygiene) programs, and community-driven wastewater solutions, ensuring that the most vulnerable populations benefit from access to clean water and sanitation.

Government Initiatives:

1. Swachh Bharat Mission (SBM)

Launch	in 2014, SBM aimed to eliminate open defecation and improve waste management.
Goal	Achieve Open Defecation Free (ODF) status by 2 Oct 2019.
Achievements	100+ million toilets built; 600+ districts declared ODF
Phase II	Focuses on ODF sustainability and solid/liquid waste management.
Impact	Reduced open defecation, empowered women, raised hygiene awareness.

2. Atal Mission for Rejuvenation and Urban Transformation (AMRUT)

Launch	in 2015 to improve urban infrastructure like water supply, sewerage, and green spaces.
Coverage	100 cities prioritized for infrastructure upgrades.
Focus Area	Drainage, water treatment, sewerage, urban parks.
Impact	Better urban water management and integrated planning.

3. Jal Jeevan Mission (JJM)

Launch	in 2019 to ensure tap water supply to all rural households by 2024.
Goal	Safe, adequate drinking water via community-led management.
Impact	8+ million connections in the first year; improved health and local water governance.

4. National Rural Drinking Water Programme (NRDWP)

Launch	in 2009 to provide potable water in rural areas and tackle water contamination.
Focus	Safe drinking water access, fluoride/arsenic mitigation, rainwater harvesting.
Impact	100,000+ water schemes implemented; improved quality monitoring.

5. Swachh Bharat Mission (Urban) Phase II

Launch	in 2020 to improve urban sanitation, waste management, and infrastructure.
Initiatives	Waste-to-energy, faecal sludge treatment, plastic waste control.
Impact	Strengthened urban local bodies; promoted segregation, recycling, and participation.

The water and sanitation market in India is witnessing significant transformations, driven by several key trends. As decentralized sanitation solutions such as bio-digesters and container toilets gain traction in smaller cities and rural areas, these models are becoming the norm due to limited sewerage infrastructure. A shift towards "build and maintain" is emerging in the operations and maintenance (O&M) sector, with municipalities and corporates increasingly relying on third-party service providers to ensure long-term functionality of sanitation assets. Additionally, stricter wastewater discharge and reuse regulations are making decentralized wastewater treatment solutions, like modular STPs, a mandatory requirement for residential and commercial real estate. The growing pressure for corporate India to meet ESG and sustainability goals is accelerating demand for green sanitation products and wastewater recycling systems. Meanwhile, CSR funding continues to play a crucial role in driving sanitation infrastructure in underserved areas, with projects such as school toilets and menstrual hygiene initiatives receiving substantial support. Together, these market dynamics point towards a thriving and sustainable future for Indias WaSH infrastructure.

In this dynamic environment, companies like Banka BioLoo, with a deep portfolio of tech-enabled, service-backed, and field-proven sanitation solutions, are well-positioned to lead the shift toward scalable, resilient, and inclusive WaSH infrastructure in India and beyond.

Business Overview

Integrated Sanitation Solutions: Scalable, Inclusive, and Built to Last

At Banka BioLoo, we create sanitation infrastructure that is built for Indias realities, decentralized, durable, and designed to work where conventional systems fail. Whether in transit, remote locations, or high-density urban environments, our solutions are engineered for long-term performance with minimal maintenance. Our work spans the countrys most complex environments, from railway networks to informal settlements, creating sanitation ecosystems that are not only functional, but also sustainable, inclusive, and adaptable. We operate at the convergence of engineering, sustainability, and service, providing seamless sanitation solutions that drive real-world impact. Through our verticals, we address the full sanitation lifecycle: from toilets and treatment to reuse and resilience.

Our Approach: Integration at Every Level

The core of our integrated approach lies in our ability to combine engineering excellence, sustainable materials, and operational services to create holistic sanitation solutions. This allows us to serve clients across different sectors, all the while maintaining a high level of flexibility, scalability, and impact.

Our Key Offerings:

Solution	Description
DRDO-licensed Bio-Digester Toilets	On-site human waste treatment systems that use anaerobic bacteria to convert blackwater into water eliminating the need for external sewer lines or manual handling. Deployed in rail coaches, rural areas, public installations, etc.
Packaged & Custom Sewage Treatment Plants (STPs)	Compact, energy-efficient systems for treating greywater and blackwater across residential, commercial, and institutional settings.
Faecal Sludge Treatment Plants (FSTPs)	Engineered solutions for treating septic tank waste in towns lacking underground drainage systems, critical for municipalities
UrbanSaaS (Sewage-as-a-Service)	STP as a service with long-term O&M of STPs through centralized dashboards, IoT monitoring, and data-backed reporting, ensuring performance transparency and regulatory compliance.
O&M and AMC Services Water Efficiency & Automation Add-ons	Operation & Maintenance packages for rail bio-toilets, STPs, and sanitation facilities. Covers preventive upkeep, repairs, daily cleaning, and periodic audits. Includes innovations like FootLoo (foot-operated flushing), Quick Watering Systems for trains, and mechanical cleaning units for high-footfall zones.

Our Business Verticals

Banka WaSH

Banka Rail

Banka WaSH

At Banka BioLoo, Banka WaSH represents a strategic area of high focus and long-term growth. As India grapples with increasing urbanisation, water stress, and decentralised infrastructure gaps, we see WaSH not just as a business opportunity but as a national imperative. Our strong commitment to this vertical stems from its ability to create measurable impact, deliver predictable revenues, and enable scalable operations. With an engineering-led execution model, a digital service backbone, and annuity-based offerings like Megaliter, Banka WaSH is transforming how institutions, developers, and communities approach sanitation—from one-time installations to full lifecycle service models. We are actively investing in talent, technology, and market expansion to ensure that Banka WaSH becomes a key driver of Indias sanitation future and a core engine of our own purpose-driven growth.

A Mission with Momentum

Over the last few years, WaSH has emerged as a key pillar of growth for Banka BioLoo, with increasing demand from private developers, CSR programs, industries, and local governments. We have moved beyond product delivery to long-term infrastructure stewardship, operating and maintaining systems that others simply build and walk away from.

Engineering-First, Impact-Always

We approach WaSH with the seriousness of infrastructure and the agility of a startup. Our projects are led by civil, mechanical, and environmental engineers who solve real-world challenges, from fixing failed STPs to designing scalable models in land-scarce zones. As this vertical scales, we are actively:

• Expanding our engineering capacity to manage multiple large projects across India simultaneously

• Training multi-disciplinary teams on real-time water monitoring, STP automation, and regulatory standards

• Developing future leaders who can bridge the gap between engineering, impact, and execution

Key Strengths and Performance Highlights

1. Strong Revenue Growth with Annuity Upside

Banka WaSH has scaled rapidly from project-based execution to service-driven recurring revenue. Our annual revenues from the vertical have grown over 3x in the last 2 years, driven by multi-year contracts and repeat clientele.

2. Technology Differentiation: Advanced Membrane Solutions

Banka WaSH has made a deliberate shift from conventional wastewater treatment technologies to high-performance ceramic membrane bioreactors (MBRs). Compared to traditional polymer-based systems, ceramic membranes are more durable, compact, and efficient, offering superior water quality and longer lifecycle with significantly reduced downtime.

What sets us apart:

• One of the largest implementers of ceramic MBR-based STPs in Hyderabad

• Delivers higher treated water recovery and minimal fouling, ideal for high-density and reuse-driven applications

• Enables use in space-constrained urban sites with minimal civil work requirements

What are MBRs?

Membrane Bioreactors combine biological treatment with advanced membrane filtration to deliver high-quality treated water. Unlike traditional polymer membranes, ceramic membranes offer a non-degradable, long-lasting alternative with minimal maintenance needs.

Why Ceramic MBRs?

• More Durable: Lasts longer with higher resistance to chemicals and fouling.

• Superior Quality: Delivers crystal-clear, pathogen-free water, suitable for reuse in landscaping, flushing, and industrial processes.

• Space-Saving: Compact design fits even in densely populated urban settings — perfect for retrofits and new-age green buildings.

• Efficient Operations: Reduces energy and downtime with consistent high recovery rates.

3. Leadership in Packaged STPs: Small Size, Big Impact

Banka WaSH is one of the few players in India actively standardising and scaling packaged STP systems (up to 100 KLD), catering to gated communities, schools, small industries, and CSR projects. These units are pre-fabricated, plug-and-play, and designed for quick deployment with minimal disruption.

Why this matters:

• Growing demand in Tier 2/3 cities and infrastructure-light locations

• Enables faster project turnarounds and lower upfront costs for clients

• Our packaged STPs are designed for ease of operation and are ideal for O&M integration under UrbanSaaS

4. Full-Stack Business Model: EPC + O&M

Unlike traditional EPC players who hand over the plant post-installation, Banka WaSH delivers end-to-end lifecycle services. We not only build systems but also operate, monitor, and maintain them under long-term service contracts that guarantee uptime, compliance, and water reuse.

• Revenue visibility: Strong base of UrbanSaaS and O&M contracts ensures stable annuity cash flows

• Client retention: Multi-year relationships driven by performance accountability

• Scalability: Low asset requirement due to bundled service models and retrofitting expertise

Sustainability and Environmental Stewardship

At Banka WaSH, sustainability is embedded in every service we provide:

• Comprehensive UrbanSaaS Operations: We are currently treating 5000+ KL of wastewater per day under the UrbanSaaS model, which ensures that large-scale operations are managed sustainably and efficiently.

• Long-term Sustainability Commitments:

We focus on sustainable practices through the re-engineering of existing facilities and the construction of new, eco-friendly systems that ensure long-term operational viability and ecological benefits.

Client Engagement and Expansion

Diverse Industry Collaborations:

Banka WaSH has partnered with leading entities across the residential, commercial, and industrial sectors to provide sanitation and water solutions. These collaborations broaden our reach and enhance our ability to provide effective, innovative solutions to our clients.

Expansion into New Markets:

We have continued to expand our project portfolio, focusing on our UrbanSaaS model and other EPC contracts, showing our increasing presence and adaptability in diverse markets.

The Megaliter Model

Innovation in the Business Model: Urban Sanitation as a Service

Megaliter Varunaa operates as the infrastructure financing and delivery arm of Banka BioLoo, offering a no-capex, subscription-based Sewage Treatment Plant-as-a-Service model for urban properties.

Megaliter: Solving Core Sanitation Challenges

Heres how Megaliter addresses key issues with UrbanSaaS (STP-as-a-Service):

Client Challenge	Megaliter Solution
High upfront capex for STP infrastructure	Provides zero-capex solutions—clients pay via subscription over time
Mismanagement and maintenance gaps	Ensures end-to-end operations, including 24/7 STP monitoring and maintenance .
Compliance and performance risk	Deploys remote monitoring platforms to deliver performance visibility and accountability
Underutilized or aged STPs	Implements BOOT retrofits to refurbish or construct systems for gated communities, malls, institutes .
Unsustainable urban wastewater volumes	Reclaims and treats millions of liters daily, preventing water waste and supporting reuse .

Case Study

UrbanSaaS at a Leading Housing Society, Hyderabad

To illustrate the effectiveness of our UrbanSaaS (Megaliter) model, we present a real-world example from a gated community in Hyderabad, where a legacy sewage treatment plant was failing to meet compliance and operational requirements.

The Challenge

• An existing STP was underperforming due to poor maintenance and outdated design

• Residents were facing odour issues, inconsistent treated water quality, and high operating costs

• The society had no bandwidth or technical capability to manage daily operations or regulatory reporting

Our Solution

Under the UrbanSaaS model, Banka BioLoo took over complete lifecycle responsibility, without any capital expenditure by the society:

Intervention	Details
STP Re-engineering	Retrofit of old plant to improve efficiency, durability, and compliance
Operations & Maintenance	Multiyear O&M contract with trained on-ground personnel
Remote Monitoring	Deployed IoT sensors and integrated dashboards for real-time visibility
Water Reuse Optimisation	Treated water diverted for landscape and flushing needs
Reporting & Compliance	Regular audit-ready reports for PCB and local municipal norms

This case demonstrates the practical viability and replicability of our model—especially for urban residential societies struggling with decentralised infrastructure. By solving not just the asset issue but also the operations, monitoring, and compliance burden, Banka WaSH has positioned itself as a trusted infrastructure lifecycle partner.

Key Highlights (FY24-25)

Executed a

1 MLD STP re-engineering project for a national retail major under a 10-year UrbanSaaS contract.

2 MLD Residential Project

Reduced Carbon Emissions

Managed a cumulative 32 MLD of treated wastewater across UrbanSaaS facilities Created 45+ livelihoods

Looking Ahead: FY 2025–26 Priorities

Accelerate circular water models reusing treated water for landscaping, flushing and other non-potable applications.

Pursue green financing through blended capital and impact-linked bonds

Great pipeline of about 15 Crs

Banka Rail

Revolutionising Railway Sanitation and Operations

Banka Rail, a core vertical of Banka BioLoo, stands as a pioneer in providing innovative sanitation and waste management solutions to Indian Railways. With the vision to redefine sanitation standards within the rail transport sector, Banka Rail combines cutting-edge technologies with a strong commitment to environmental sustainability, hygiene, and passenger comfort.

At Banka Rail, we aim to enhance operational efficiency, improve public health, and support the green mission of Indian Railways by providing sustainable, off-grid sanitation solutions that are maintenance-free, eco-friendly, and cost-effective.

Key Strengths and Services of Banka Rail

1. DRDO-Certified Bio-Digester Toilets

A flagship solution pioneered by Banka Rail in partnership with Indian Railways, these onboard toilets treat human waste using anaerobic bacteria.

• Installed across 7 major railway zones

• No external sewage connection required

• Reduces track pollution and manual waste handling

• 95%+ uptime achieved through robust O&M practices

2. Quick Watering System (QWS)

The QWS is a time-saving innovation introduced by Banka Rail to automate coach water

• Fills water tanks in under 5 minutes, improving train turnaround time

• Reduces manual labor and operational delays

• Deployed at high-traffic stations, enhancing railway efficiency

3. Modular Sewage Treatment Plants (STPs) at Stations

Beyond coaches, Banka Rail addresses sanitation at the station level through compact STPs.

• Installed at station clusters with no underground sewerage

• Ensures treated water meets PCB norms for reuse or discharge

• Helps Indian Railways comply with national environmental regulations

4. Coach Upgradation & Passenger Amenities

Banka Rail supports Indian Railways modernization drive by upgrading interiors and enhancing in-coach experience.

• Installation of modern sanitation fittings, ergonomic seats, and premium finishes

• Aligns with premium train initiatives like Vande Bharat

• Boosts overall passenger satisfaction and hygiene levels

5. Mechanical Cleaning and Housekeeping

Banka Rail provides trained staff and mechanized tools for thorough and efficient cleaning of railway stations and coaches.

• Deployed at railway hubs and long-distance trains

• Includes deep cleaning, toilet disinfection, and public area sanitization

• Reduces health risks and ensures a hygienic travel experience

6. Long-Term Operations & Maintenance (O&M) Services

The strength of Banka Rail lies not just in installation, but in managing sanitation systems end-to-end.

• Multiyear O&M contracts for bio-toilets, STPs, and QWS units

• Scheduled inspections, real-time issue resolution, and preventive maintenance

• Drives compliance, reliability, and cost efficiency

Summary of Competitive Strengths

Strength	Value Delivered
Multi-zone Rail Presence	Operations across 7 zones ensures national implementation capacity
Government-Aligned Technology	DRDO-certified systems and Swachh Bharat compliant solutions
Lifecycle Responsibility	O&M contracts ensure high uptime and long-term performance
Passenger-Centric Upgrades	Enhances comfort, hygiene, and brand perception of Indian Railways

Looking Ahead: Building the Future of Rail Travel

Expand bio-digester installations to reach more premium and regional trains across Indias railway network.

Enhance passenger amenities with upgraded sanitation facilities in high-traffic stations and long-distance trains.

Strengthen O&M contracts, ensuring efficient, long-term management of sanitation systems across the network.

Value Creation Model

From Resources to Impact: Building Sanitation Systems That Serve, Scale, and Sustain

At Banka BioLoo, value creation is not confined to financial returns. It extends across communities, clients, investors, employees, and the environment. Our model transforms core inputs like capital, innovation, partnerships into enduring outcomes: safer sanitation, circular systems, empowered livelihoods, and a stronger climate response.

Through a system-led, stakeholder-focused approach, we ensure that every project, product, and partnership delivers real-world impact while aligning with global sustainable development goals.

Inputs: Foundational Resources That Power Our Model

Input Category	Details
Human Capital	A skilled and mission-driven team across engineering, R&D, operations, and community delivery
Technology & IP	Modular STPs, DRDO-backed bio-toilets, FootLoo, UrbanSaaS platform, private placements
Financial Resources	Capital from IPO, CSR funds, government schemes (e.g., SBM), Megaliter contracts
Partnerships	Indian Railways, corporates, NGOs, and local governments
Governance & Values	ESG-aligned practices, transparency, stakeholder feedback, and compliance protocols

Activities: Translating Resources into Scalable Solutions

• Design & R&D- Sustainable product innovation including low-water-use toilets, decentralised STPs, and faecal sludge treatment plants.

• Turnkey Execution- Project management and site implementation across diverse geographies like rural, urban, rail, and industrial.

• Operations & Maintenance (O&M)- Long-term care of assets ensures uptime, performance, and customer satisfaction across 20+ states.

• Monitoring & Reporting- Integrated ESG tracking, client dashboards, and performance metrics embedded in delivery.

Outputs: Deliverables That Define Our Work

2 sanitation units installed

Over 100+ MLD wastewater treated annually

Projects operational across 25+ states and 7 railway zones

UrbanSaaS projects functional in retail, residential, and commercial sectors

Over 10 lakh individuals with im 5,000+ proved sanitation access annually

Outcomes: What We Create for Our Stakeholders

Stakeholder	Value Delivered
Communities	Dignified sanitation, women and girl safety, reduced disease burden
Customers	Low-footprint, compliant, O&M-backed infrastructure that meets their ESG goals
Employees	Safe workplaces, upskilling, meaningful employment across rural and urban locations
Shareholders	Consistent profitable revenue growth, long-term sustainability, ESG-driven business model
Environment	Waste reduction, water recycling, emission control, circular resource use

Long-Term Impact: Enabling a Sanitation-First Future

Social Equity - Empowering underserved communities, improving public health, and creating sanitation access in remote areas.

Environmental Stewardship - Promoting responsible waste and water management, reducing pollution, and restoring ecosystems.

Sustainable Growth - Expanding through asset-light models, blended finance, and innovation partnerships domestically and internationally.

Market Leadership - Positioning Banka BioLoo as Indias most trusted platform for decentralised, dignified sanitation infrastructure.

A Model That Creates Value for All

At Banka BioLoo, value creation is circular. Each toilet built, each STP commissioned, and each litre of wastewater treated is part of a larger ecosystem, where business success coexists with public good. We are not just building sanitation infrastructure; we are building a future where equity, ecology, and enterprise thrive together.

Clients & Partnerships

At Banka BioLoo, we pride ourselves on building strong, long-lasting relationships with our clients and partners who share our commitment to sustainable sanitation and water solutions. Our client base spans various industries, from government projects to corporate CSR initiatives, and we work closely with partners who help us expand our impact and capabilities across the country.

Client Base

We serve a diverse clientele across India, ranging from government bodies to private sector organizations, non-profits, and international development agencies. Our clients trust us to deliver innovative, cost-effective, and sustainable sanitation solutions that meet both their operational needs and environmental commitments. Key client segments include:

• Government Projects: We collaborate extensively with central government initiatives like the Swachh Bharat Mission and Jal Jeevan Mission, implementing large-scale sanitation projects across rural and urban areas.

• Private Sector: Our work with corporates focuses on green building projects, industrial sanitation, and wastewater treatment systems. We help businesses comply with environmental standards and enhance their ESG credentials.

• Non-Profit Organizations: Partnering with NGOs and international development organizations, we support community-based sanitation and water projects in underserved regions, ensuring that sanitation access reaches the most vulnerable populations.

• Educational Institutions: We have worked on projects to provide safe and hygienic toilets for schools and Anganwadis, creating sustainable menstrual hygiene management systems and improving sanitation facilities in educational institutions.

National Footprint: Deep and Diverse

Banka BioLoo has a pan-India presence, with a focus on both urban and rural regions. Our projects span across the country, addressing sanitation needs in remote villages, industrial towns, urban slums, and government buildings. Our reach is reflected in our ability to execute large-scale projects across multiple states, including:

North and North-East India: Our initiatives in these regions include rural sanitation projects, water treatment plants, and school sanitation systems under government schemes.

Western India: We have successfully delivered sanitation solutions for high-density urban areas and corporate buildings, with a strong presence in Maharashtra, Gujarat, and Rajasthan.

Southern India: In states like Tamil Nadu, Kerala, and Karnataka, we have implemented projects in both industrial zones and high-rise residential complexes, ensuring compliance with new wastewater management regulations.

Our Value Proposition to Clients

• Reliable execution, regardless of geography or complexity

• Flexible engagement models from turnkey EPC to UrbanSaaS, CSR, and PPP

• ESG & compliance-ready solutions, with lifecycle monitoring and outcome assurance

• Human-centered design that incorporates user behavior, climate context, and cost efficiency At Banka BioLoo, our strength lies not just in our reach, but in the relationships we build partnerships rooted in purpose, grown through performance, and sustained by shared commitment to change.

Opportunities and Strategy Grid

Banka BioLoos strategy aligns with Indias evolving water and sanitation needs by focusing on sustainable water reuse, cost-effective compliance solutions, and smart operational efficiency. We prioritize long-term maintenance, inclusive sanitation for underserved communities, and gender equity. Supporting smaller towns with decentralized waste treatment, we aim to be the trusted one-stop provider of water, sanitation, and hygiene solutions that promote dignity, health, and sustainability.

Market Shift / Need	Banka BioLoos Strategic Action
Treated water reuse is becoming critical	Modular STPs and UrbanSaaS models for water recycling in real estate and industry
Developers want compliance, without CapEx	Plug-and-play STPs offered via outcome-based contracts
Demand for performance transparency	Smart dashboards, predictive O&M, IoT integration
Growing reliance on O&M over build-only projects	Expanding long-term O&M contracts in core segments
CSR/PPP shaping sanitation delivery	Community toilets, school sanitation via public- private partnerships
Urban poor need quick-deploy sanitation	Mobile and prefab toilet solutions in dense/low- infra areas
Gender inclusion in WaSH projects	Menstrual hygiene units, gender-segregated toilets with privacy-first design
Limited sewer coverage in small towns	On-site digesters and modular PSTPs to fill infra gaps

Risks and Mitigation Measures

At Banka BioLoo, we are committed to recognizing and addressing risks that may impact our business operations, financial health, and long-term sustainability. As we navigate through a complex and evolving market, we are aware that we face certain operational and financial risks, which we continuously work to mitigate through robust strategies.

Key risks identified by our management include:

Credit Risk	The risk that customers may default on their obligations. This is managed through the diligent monitoring of customer creditworthiness and maintaining adequate collateral where necessary. The company also implements provisions for doubtful debts based on an expected credit loss model.
Liquidity Risk	The risk of being unable to meet our financial obligations due to cash flow issues. Banka BioLoo addresses this by maintaining a prudent liquidity position, ensuring sufficient reserves to meet operational and financial obligations, even under stressed conditions.
Market Risk	This risk is related to adverse market movements, including fluctuations in commodity prices and foreign exchange rates. While we do not have foreign operations and manage foreign payments in advance, we still mitigate any exposure to market risk through varied financial instruments and close monitoring of market conditions.
Execution Delays	As a business involved in large infrastructure projects, delayed timelines or challenges with project execution represent a significant risk. To address this, we have increased focus on stringent project management and milestone tracking to keep projects on schedule and within budget.
Regulatory Risks	The evolving regulatory landscape for sanitation and environmental norms poses a risk, but our proactive engagement with regulatory bodies and compliance with evolving standards helps mitigate potential disruptions.

These risks are consistently reviewed by our senior management, and necessary corrective actions are taken to ensure minimal impact on the business.

Internal Control and Systems

Banka BioLoo recognizes the importance of maintaining strong internal controls that ensure accurate financial reporting, safeguard company assets, and foster efficient operations. The Company has established comprehensive internal controls over financial reporting and operational processes, aligned with industry standards.

The internal control system encompasses:

A robust framework to ensure the accuracy and completeness of financial records, as well as compliance with accounting principles. This is supported by regular internal and external audits to ensure transparency and reliability in reporting.	Financial Reporting
Processes to monitor the companys operations and ensure compliance with all regulatory standards, minimizing the risk of fraud and mismanagement.	Operational Controls
We utilize advanced ERP systems and monitoring dashboards, which allow for real-time tracking of operational performance and risk mitigation. This integration enhances decision-making and allows us to respond swiftly to any irregularities.	Technology Integration
Our internal auditors conduct regular reviews of the companys operations and financials, ensuring that our internal controls are effective and suggesting improvements where necessary. The Audit Committee reviews the findings of these audits and ensures that corrective actions are implemented promptly.	Internal Audit Function

Through these systems, Banka BioLoo aims to create a controlled and transparent business environment that allows us to minimize risks and ensure long-term stability and growth.

03 Impact & Sustainability

More Than Infrastructure: Enabling Dignity, Equity, and Environmental Progress

At Banka BioLoo, impact is not incidental but it is intentional. Our mission has always extended beyond building sanitation infrastructure to enabling a more inclusive, equitable, and sustainable future. Every project we execute, every partnership we form, and every innovation we bring to market is rooted in our belief that access to sanitation is fundamental to human dignity, community resilience, and planetary health.

FY 2024–25 was a year of reflection, consolidation, and recommitment. Amid shifting regulations, funding landscapes, and climatic stress, we focused on deepening our social footprint, refining environmental outcomes, and embedding sustainability into every layer of our operations.

This section outlines how we are translating intent into impact across environment, society, and governance. It brings together both qualitative and quantitative indicators that reflect not only what we delivered, but why it matters.

Our Focus Areas in FY 2025

Environmental Stewardship:

Scaling decentralized STPs, optimizing resource use, and recovering value from waste

Social Impact:

Expanding inclusive sanitation in schools, slums, and rural communities especially for women and marginalized groups

Governance & Ethics:

Strengthening internal controls, stakeholder engagement, and compliance culture

Measuring What Matters:

Mapping our contributions to the UN SDGs and tracking KPIs that align with long-term sustainability and public health goals

Why This Matters Now

Indias sanitation landscape is at a pivotal moment shifting from capex-heavy construction to opex-based service delivery, from infrastructure access to sustained usage, and from isolated CSR efforts to integrated ESG strategies.

As a purpose-driven organization, we are not just participating in this shift, we are helping lead it.

The pages that follow will detail how Banka BioLoo is driving impact across four pillars: environmental sustainability, social equity, good governance, and measurable SDG alignment. Together, these pillars define how we think about success, not just in economic terms, but in our contribution to a cleaner, healthier, and more inclusive world.

Environmental Stewardship

Water Stewardship: Closing the Loop

India faces an alarming water crisis, yet wastewater remains one of the most underutilised resources. At Banka BioLoo, we view wastewater not as a liability, but as a latent asset.

• 1,00+ MLD of wastewater treated annually

• Treated water reused for flushing, horticulture, construction, and cooling

• Greywater systems deployed in rural schools and housing clusters

• IoT monitoring of STP performance for real-time compliance and reuse visibility

Our decentralised model ensures that even in off-grid locations, water can be recovered, repurposed, and reintegrated into the local resource cycle.

Waste to Resource: Powering the Sanitation Circular Economy

Our systems are built to recover not just dispose. This year, valorisation and waste-to-energy models, especially in peri-urban and small-town settings.

• Sludge redirected from open dumping to safe disposal and treatment

• Material recovery pilots launched to turn dewatered sludge into nutrient-rich compost

These innovations enable us to transform sanitation from a consumptive service to a regenerative one, offering communities not just hygiene, but also energy, fertiliser, and climate resilience.

Green Engineering and Materials Innovation

We integrate sustainability at the design level, engineering sanitation units that are compact, modular, low-footprint, and built with recycled or renewable materials.

• Modular container STPs with design and minimal land disruption

• FootLoo low-flush toilets, reducing water use by up to 75%

• Prefabricated eco-toilets made from recyclable and weather-resistant components

• Minimal-cement tank designs that cut embodied carbon

This design philosophy is not only planet-friendly but is deployment-friendly, enabling us to scale faster in fragile, remote, or water-stressed geographies.

Data-Driven Environmental Oversight

We are embedding digital tools to make our environmental performance visible, measurable, and improvable.

• SaaS-based dashboards to track STP output, downtime, and effluent quality

• Geo-tagged O&M logs for each FSM and STP unit

• ESG-readiness assessments built into client project reports

• Scope 3 emission analysis in early planning for multi-year UrbanSaaS contracts

These tools not only enhance compliance and efficiency, they empower our clients to report their own sustainability metrics confidently and credibly.

Roadmap to FY 2026: Scaling Green Outcomes

Doubling treated water reuse volumes via pipeline retrofits and greywater links

Operationalising sludge-to-compost systems in at least 3 new districts

Adopting LCA (Life Cycle Assessment) protocols for all large EPC and UrbanSaaS projects

Publishing Scope 1 & 2 carbon intensity metrics for sanitation installations

Because Sanitation Is a Climate Solution

We dont just manage waste, we restore ecosystems. We dont just save water, we circulate it. At Banka BioLoo, we believe that the future of sanitation must be clean, circular, and climate-aligned. That is the vision we work toward, not just as engineers, but as stewards of Indias environmental future.

Social Impact

Human-Centered Progress: Empowering People, Expanding Possibilities

At Banka BioLoo, we see sanitation not only as a service, but as a vehicle for empowerment. From the frontline workers who build and maintain our systems to the communities who benefit from our interventions, our impact is deeply human. FY 2024–25 marked a reaffirmation of our commitment to social inclusion, gender equity, and community upliftment, both within and beyond the boundaries of our company.

I. Sanitation That Serves Society

Our social impact journey begins in the field, in underserved schools, slums, and rural districts where sanitation access is often limited or nonexistent. Through our CSR projects and partnerships, we delivered inclusive, sustainable, and high-impact solutions that directly improved health, dignity, and well-being.

Key FY 2025 Highlights:

• 1 lakh+ individuals reached through school and community sanitation programs

• Delivered CSR Projects 500 students have access

• Partnered with NGOs and local panchayats to ensure long-term O&M sustainability These efforts arent isolated interventions. They are part of a larger ecosystem were building, one where access, awareness, and agency go hand-in-hand.

II. Empowering Women and Girls through Infrastructure

Gender inclusion is embedded in our sanitation design and delivery. This year, we intensified efforts to ensure our solutions promote safety, privacy, and dignity for women and girls, while also creating opportunities for leadership and livelihood.

• Safe and separate facilities in all community, school, and workplace toilet builds

• Women-led maintenance teams

• Gender-awareness training rolled out for 100+ field workers Sanitation is not just infrastructure, it is a right, and a key to unlocking educational and economic freedom for women.

III. Human Capital: The Workforce Behind the Mission

The impact we create outside is powered by the commitment we cultivate within. At Banka BioLoo, our people are our greatest asset. FY 2025 saw significant strides in building a more empowered, capable, and future-ready workforce.

Workforce Overview:

• Total employees: 1,109

• Field staff and site engineers: ~70% of total workforce

• Regional presence: Pan-India with teams across rural, urban, and industrial zones

Learning & Development:

• More than 100 employees trained in STP tech, FSM operations, and safety compliance

• Leadership development track launched for mid-level managers

• Mentorship pilot introduced for women engineers and project coordinators

Employee Wellbeing:

• Medical insurance coverage extended to 100% of full-time staff

• Health checks and safety gear provided at all active sites

• Flexi-work and hybrid roles expanded in corporate and R&D teams

IV. Diversity, Inclusion, and Local Upliftment

We are building a company that reflects the values we advocate in the field. In FY 2025, we scaled several initiatives to create a workplace that is inclusive, equitable, and rooted in local talent.

• Women now constitute 38% of our total workforce

• Rural and local hiring accounted for 30% of new site-based roles

• Target to reach 35% women in leadership roles by FY26

• Ongoing engagement with LGBTQ+ inclusion partners to pilot workplace sensitisation modules

Governance & Ethics

Stewardship Beyond Compliance: Governance That Builds Trust and Drives Impact

At Banka BioLoo, governance is not a boardroom ritual but it is the backbone of our accountability to society, shareholders, and stakeholders. As we scale sustainable sanitation infrastructure across India and explore international opportunities, we remain guided by the principles of transparency, ethical conduct, and regulatory compliance.

Our governance philosophy is built around four core pillars: board independence, ethical leadership, risk-aware decision-making, and stakeholder fairness. These principles are embedded across our operations, from strategic planning and project execution to financial management and partner engagement.

I. Board Structure and Governance Framework

Banka BioLoo is governed by a seasoned Board of Directors with a balanced mix of executive, non-executive, and independent members. Their combined expertise spans finance, sustainability, public policy, and operations, ensuring well-rounded oversight.

Board Composition (as of March 31, 2025):

• Total Directors: 8

• Independent Directors: 4

• Female Directors: 2

• Executive Directors: 4 (including Chair, CEO, and MD roles)

• Quarterly Board and Committee meetings held as per statutory requirements

Key Committees:

• Audit Committee: Oversees internal controls, audit reports, and financial disclosures

• Nomination & Remuneration Committee: Ensures fair executive compensation and leadership succession

• CSR Committee: Reviews project alignment, social ROI, and partner integrity

The Board regularly reviews KPIs and ensures that performance is aligned with long-term strategic goals and stakeholder expectations.

II. Ethics and Integrity: Code-Driven Culture

Banka BioLoo has a zero-tolerance policy toward unethical behaviour across its value chain. Our Code of Business Conduct & Ethics applies to all employees, directors, suppliers, and partners.

Key Ethical Practices:

• Mandatory annual declaration of conflict of interest for senior management

• Anti-bribery and corruption training across procurement and field teams

• Vendor code of conduct integrated into all new contracts

• Grievance redressal mechanism with third-party escalation in sensitive cases

• Whistleblower Policy: Protected, anonymous, and independently monitored

FY 2025 saw zero major ethical breaches, reinforcing our commitment to a transparent and values-driven culture.

III. ESG Integration in Decision-Making

We view corporate governance and ESG not as separate tracks but as intertwined responsibilities.

• ESG considerations are now reviewed at the pre-project approval stage, especially for UrbanSaaS and municipal STPs

• Regular tracking of ESG KPIs including energy intensity, water reuse ratios, and gender balance

• Board-level ESG dashboard introduced in Q3 FY 2025 to link operations with long-term sustainability targets Our goal is to ensure that decisions made today do not compromise the rights and resources of tomorrow.

IV. Transparency and Shareholder Engagement

We are committed to keeping our investors, regulators, and stakeholders well-informed through timely, accessible, and truthful disclosures.

• Quarterly investor calls, earnings updates, and AGM engagement

• Compliant with SEBI LODR Regulations, Companies Act 2013, and ICAI financial disclosure norms

• Regular website updates, press releases, and ESG performance reporting

• Shareholder-friendly policies on dividends, voting, and minority rights

In FY 2025, we also began piloting a stakeholder materiality mapping exercise to inform future ESG and annual reporting priorities.

V. Looking Ahead: FY26 Governance Priorities

• Digitisation of compliance workflows across finance, HR, and procurement

• Formal rollout of Board ESG Training and climate-risk preparedness modules

• Inclusion of ESG-linked KPIs in senior management evaluations

• Third-party audit of Whistleblower and Grievance Redressal Systems

• Improved disclosure on supply chain sustainability and ethical sourcing

At Banka BioLoo, governance is how we convert intent into action and ethics is how we ensure that impact is built on integrity. Together, they make our growth resilient, our leadership credible, and our mission trusted.

Key Impact Metrics & SDG Contributions

Translating Purpose into Progress, and Progress into Global Good

At Banka BioLoo, impact is not just about reach, its about relevance. We believe real progress comes from delivering measurable, meaningful change in peoples lives and the environment. Thats why we track our outcomes across key performance indicators (KPIs) and align them with the United Nations Sustainable Development Goals (UN SDGs). These metrics help ensure that our business strategy and execution remain rooted in sustainability, inclusion, and equity.

I. Key Impact Metrics : FY 2024–25 Highlights

Impact Area	Metric
People Served	1+ million individuals reached through sanitation infrastructure
Wastewater Treated	Over 100 million litres (ML) annually
Water Reuse Enabled	35% of treated water repurposed for flushing, irrigation, and cooling and other non potable purposes
Sanitation Access	100+ toilet units deployed across urban slums, schools, and remote villages
Women Empowered	38% of our direct workforce are women, including at technical sites
CSR-Funded Projects	Projects implemented in districts across India, impacting over 1000 people everyday
Energy Efficient Units Deployed	20+ low-energy STPs/ETPs commissioned

III. Strengthening Our Impact Engine : FY 2025–26 Priorities

For the upcoming fiscal year, we are strengthening our measurement frameworks and setting clearer impact targets:

Target Area	FY26 Goal
UrbanSaaS Expansion	Reach 20+ MLD wastewater treatment across active O&M projects
Gender Equity	45% female participation in total hiring across all divisions
Digital Impact Monitoring	Launch ESG dashboard for real-time tracking of KPIs across verticals
Treated Water Reuse	Expand usage to cover >50% of treated water in commercial/residential setups

II. Sustainable Development Goal (SDG) Alignment

We contribute to several global goals. Below is a summary of where our actions align with SDG outcomes:

Relevant SDG	Goal
3 Good Health and Well-Being	Ensure healthy lives and promote well-being for all at all ages
4 Quality Education	Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
5 Gender Equality	Achieve gender equality and empower all women and girls
6 Clean Water and Sanitation	Ensure availability and sustainable management of water and sanitation for all
7 Affordable and Clean Energy	Ensure access to affordable, reliable, sustainable and modern energy for all
8 Decent Work and Economic Growth	Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
9 Industry, Innovation and Infrastructure	Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation
10 Reduced Inequalities	Reduce inequality within and among countries
11 Sustainable Cities and Communities	Make cities and human settlements inclusive, safe, resilient and sustainable
12 Responsible Consumption and Production	Ensure sustainable consumption and production patterns
13 Climate Action	Take urgent action to combat climate change and its impacts
17 Partnerships for the Goals	Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development