WATCO is a wholly-owned, not-for-profit Company of the Government of Odisha, registered under the Companies Act, 2013. It was incorporated on the 24 th November 2015 and is limited by guarantee. Its registered office is at Ground Floor, UNNATI Bhawan, Satya Nagar, Bhubaneswar-751007, Odisha, India.

There is a Board of Directors of WATCO that manages the business of the company. The Board is headed by the Principal Secretary, Housing & Urban Development Department, Government of Odisha. The day to day management is headed by the Chief Executive Officer (CEO) of WATCO.