Sector: Manufacturing and agriculture
Revenue: $820 million
Business model: India’s population boom and exploitation of freshwater reserves have created water scarcity in some regions. That’s why Jain Irrigation developed micro, drip irrigation systems, which considerably reduce water consumption for smaller farmers. The company also helps customers buy its products by helping them apply for government subsidies and banks loans.
Some 1,000 employees travel widely to teach farming techniques that yield more crops with less water. Jain Irrigation also promotes its clean-tech products and sustainability through singing and dancing events at local bazaars, appealing directly to consumers.
Funds: iShares MSCI India Small Cap (SMIN), SPDR S&P Emerging Markets Small Cap (EWX), Vanguard FTSE All-World ex-US Small Cap Index ETF (VSS).