A process for conversion of organic wastes into biofertilizers such as soil conditioning agents of fertilizer grade, culture grade and soil grade is provided. Also provided is a process for conversion of organic wastes into material for converting waste water into reusable water. The invention provides methods for conversion of organic solid wastes to biofertilizers and reusable water in the presence of a geophagus earthworm Pheretima elongata culure to produce a variety of valuable soil conditioning products and reusable water.