CORSAN

What CORSAN does

CORSAN (Companhia Riograndense de Saneamento) is a regulated water and sewage utility headquartered in Porto Alegre, Brazil, operating under concession contracts with 317 municipalities across Rio Grande do Sul state and serving over 7 million residents through 619 managed locations across 10 operational regions. The company provides potable water production and distribution, sewage collection, and wastewater treatment — with current water coverage of 85% and sewage coverage of 56%, targeted to reach 90% wastewater treatment capacity by 2033. The technology stack is infrastructure-heavy (treatment plants, distribution networks, pumping systems) supplemented by digital customer-facing platforms including a mobile app, virtual agency portal, 24/7 call center, WhatsApp channel, and the ETA 4.0 automated water treatment initiative.

CORSAN's business model is subscription-based and concession-driven: tariffs are contractually predetermined through competitive bidding processes and indexed to IPCA inflation, billed monthly to residential, commercial, and industrial customers. The company operates within a regulatory framework shaped by Brazil's New Sanitation Legal Framework (Law 14.026/2020), and derives supplementary revenue from technical feasibility analysis services for new developments (B2B) and ancillary programs like SoluTrat septic tank cleaning. Customer segments span municipal governments (concession counterparties), residential end-users (the long tail), and commercial/industrial accounts. Marketing and distribution are hybrid: physical service centers (Tudo Fácil), digital self-service, call center, WhatsApp, mobile apps, and community engagement programs including environmental education reaching 300+ community multipliers.

The company was founded on December 21, 1965 by the State Government of Rio Grande do Sul as a state-owned enterprise, privatized via auction in December 2022, and transferred to Aegea Group control in July 2023. Current ownership is held by Saneamento Consultoria S.A. (72.79%) and PARSAN S.A. (27.11%), with board representation from Aegea, Perfin Infra (PE infrastructure), and Kinea Investimentos. Leadership includes CEO Samanta Popow Takimi (appointed June 2023) and CFO/IR Director Bruno Queiroz Jatene. The company secured R$450 million in sustainable financing from the International Finance Corporation in August 2021, and EBITDA margin reportedly exceeded 50% within one year of privatization.

Name

CORSAN

Legal name

Companhia Riograndense de Saneamento

Website

https://corsan.com.br

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CORSAN is a regulated Brazilian water and sewage utility operating under concession contracts with 317 municipalities in Rio Grande do Sul, serving over 7 million residents with potable water and wastewater services. Privately held by Aegea Group since 2023.

Ownership category

akta.pro rank

Product category

Water and Sanitation Utility Services

NAICS

Water, Sewage and Other Systems (2213), Water Supply and Irrigation Systems (221310), Sewage Treatment Facilities (22132)

SIC

Water Supply (4941)

akta.pro primary industry

Water Supply & Wastewater Utilities Administration (BPAIACAG)

Keywords

• Water utility services
• Sewage treatment
• Wastewater management
• Sanitation infrastructure
• Potable water supply

Headquarters

HQ city

Porto Alegre

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Water Supply Services: Revenue generated from providing potable water supply services to residential, commercial, and industrial customers across 317 municipalities. Tariffs are set through competitive bidding processes and contractually predetermined, indexed to inflation rates (IPCA).
2. Sewage Collection and Treatment Services: Revenue from sewage collection and wastewater treatment services. Service coverage includes 56% sewage coverage with planned expansion to 90% wastewater treatment capacity by 2033.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels3 records

Core offering

CORSAN is a regulated water and sanitation utility providing potable water supply and sewage collection/treatment services under concession contracts with 317 municipalities in Rio Grande do Sul, Brazil, serving approximately 7 million people. Core revenue is generated through monthly tariff-based charges to residential, commercial, and industrial customers, supported by digital self-service platforms, mobile applications, and supplementary programs such as septic tank cleaning (SoluTrat) and technical feasibility analysis for large developments.

Product overview

CORSAN is a water and sewage sanitation company operating as part of the Aegea Group. The company offers a comprehensive portfolio of core sanitation services (water supply, sewage collection, and wastewater treatment) along with digital platforms and programs. Core products include water and sewage services across 317 municipalities, the virtual agency platform, and mobile app. Supporting programs include the Água 360° sustainability initiative, UNIVER|TECH innovation program, SoluTrat septic tank cleaning service, and environmental education programs. The company also provides technical feasibility analysis services for large commercial and industrial developments. The company was acquired by Aegea Group in December 2022 with control transfer completed in July 2023.

Differentiator

Problem solved

Functional benefit

Brands

• Água 360°: Movement by CORSAN to expand vision on water and invite care for this essential resource, encompassing technology and innovation initiatives across the entire water cycle.
• UNIVER|TECH
• SoluTrat
• Patrulha contra os Vilões do Esgoto

Products and services

• Water and Sewage Services Core water supply and sewage collection and treatment service covering the entire water cycle through concession contracts in 317 municipalities serving over 7 million people in Rio Grande do Sul, Brazil. Includes potable water production, treatment, and distribution plus wastewater collection and treatment.
• App Corsan Mobile application for customers to access services, view bills, and manage their water and sewage accounts. Available on Google Play and Apple App Store.
• Agência Virtual Online customer portal enabling customers to access services digitally, view and pay bills, and manage their accounts. Now part of the AEGEA platform.
• SoluTrat Septic tank cleaning program that periodically cleans septic tanks and provides information to citizens about the importance and benefits of proper cleaning for the environment.
• Análise de Viabilidade Técnica Technical feasibility analysis service for large developments evaluating conditions necessary for water supply and sanitary sewage services, considering existing system capacity, regulatory agency guidelines, and requirements from the New Sanitation Legal Framework (Law 14.026/2020).

Quantifiable outcome

• 85% water coverage across service territory
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor.

• Senai/FiergsminorStrategic or Co-development PartnerPartnership with Senai/Fiergs for solid waste management initiatives, supporting environmental sustainability programs.
• 6º Regimento de Cavalaria Blindado (Brazilian Army)minorStrategic or Co-development PartnerPartnership with the Brazilian Army's 6th Armored Cavalry Regiment for environmental action initiatives.
• Prefecture of AlegreteminorStrategic or Co-development PartnerEnvironmental partnership with the Prefecture of Alegrete municipality for local environmental initiatives.
• Ministry of Public Health of Rio Grande do SulminorStrategic or Co-development PartnerPartnership for spring mapping and water source conservation initiatives with the state Ministry of Public Health.

Scale indicators9 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Sabesp: Companhia de Saneamento Básico do Estado de São Paulo is the largest publicly-traded water and sewage utility in the Americas, serving over 28 million people in São Paulo state. It is the closest direct peer to CORSAN in business model (state-concession water/sewage utility serving residential, commercial, and industrial customers) and product offering.
• Sanepar: Companhia de Saneamento do Paraná is a publicly-traded state water and sewage utility serving municipalities across Paraná. It is directly comparable to CORSAN as a state-level concession-based sanitation operator, and a former Corsan board member (Gustavo Guimarães) previously served as Sanepar's CFO, highlighting the close operational and governance parallels.
• COPASA: Companhia de Saneamento de Minas Gerais is a state water and sewage utility serving Minas Gerais, one of Brazil's largest states. It directly competes with CORSAN in the model of state-level water and sewage concession services to municipalities, residential, and commercial customers.
• Embasa: Empresa Baiana de Águas e Saneamento is the state water and sewage utility of Bahia, operating under the same concession-based model serving municipalities and end customers. Directly comparable to CORSAN in business model, regulatory framework, and product offering within Brazilian state sanitation.
• CAGECE: Companhia de Água e Esgoto do Ceará is the state water and sewage utility serving Ceará. Operates under concession contracts with municipalities to deliver water supply and sewage services, directly comparable to CORSAN's core offering and regulatory model.
• BRK Ambiental: BRK Ambiental is one of Brazil's largest private water and sewage operators, serving millions of customers across multiple states. Comparable to CORSAN as a private-sector concession-based sanitation company with similar customer base and product offering.
• Iguá Saneamento: Iguá Saneamento is a private Brazilian water and sewage utility with operations across multiple states. Directly comparable to CORSAN as a private-sector concession operator; CORSAN board member Gustavo Guimarães previously served as CEO of Iguá (2017-2020), further evidencing operational overlap.
• CAGEPA: Companhia de Água e Esgotos da Paraíba is the state water and sewage utility of Paraíba. Operates under the same state-level concession model delivering water and sewage services to municipalities, comparable to CORSAN in business model and product offering at smaller scale.
• Águas do Brasil: Águas do Brasil is a private Brazilian water and sewage operator with concessions in multiple states. Comparable to CORSAN as a private-sector concession-based sanitation company serving residential, commercial, and industrial customers under similar regulatory frameworks.

Others

• Aegea Saneamento: Aegea Saneamento e Participações S.A. is CORSAN's parent company and one of Brazil's largest private sanitation operators with concessions across multiple states. Included as the controlling shareholder and benchmark for Aegea's operational playbook; not a direct external peer but the most important comparable for understanding CORSAN's trajectory.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Corsan_Oficial
• Facebookfacebook.com/corsan.oficial
• Instagraminstagram.com/corsanoficial
• LinkedInlinkedin.com/company/corsan

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CORSAN