Rank 4

Male Water and Sewerage Company (MWSC)

Established on the 1st of April 1995, Male’ Water and Sewerage Company is the pioneer organization in the Maldives to institute a water production and wastewater management system. Since then, the Company has worked diligently to provide the people of Male’ with potable water and manage wastewater sustainably, and at present serves approximately more than 50% of the Maldivian population. 

The company's majority share, 80% is held by the Government, while 20% is held by the Hitachi company. 

The company's assets amount to MVR 2.6 billion by the end of 2020 and recorded a Net Profit of MVR 281 million. The Profit Margin during the year was at 32 percent.