The present invention provides a device and method for measuring chemical and physical parameters of the water for aquaculture The present device comprises a power management module a water quality monitoring module for monitoring, detecting, processing and recording the chemical and physical parameter(s) of the water a data transmission module for transmitting recorded the chemical and physical parameter (s) wirelessly to a user using a communicating means a controller module for controlling aerators and auto feeders on receiving the chemical and physical parameter(s) from the data transmission module. The present invention provides real time monitoring and sends an alert signal to the farmers if water quality drops/increases so that farmers can take immediate preventive action to save the fishes/shrimps/prawn.