Synopsis: India’s recycling industry is gaining momentum as rising electronic waste, stricter regulations and the shift towards a circular economy create opportunities for small companies focused on sustainable waste management and resource recovery.
India’s recycling industry is becoming increasingly important as the country generates larger volumes of electronic and industrial waste every year. Growing awareness about environmental protection, stricter government regulations, and the push towards a circular economy are encouraging businesses to recover valuable materials instead of sending waste to landfills.
The e-waste segment, in particular, is witnessing strong growth due to the rapid adoption of smartphones, computers, consumer electronics and other digital devices. This changing landscape is creating new opportunities for organised recyclers that offer scientific collection, processing and resource recovery, making the sector an area of growing interest for investors.
Eco Recycling Ltd (Ecoreco)
Eco Recycling Ltd (Ecoreco) is one of India’s leading e-waste management companies, offering end-to-end services including collection, recycling, data destruction and asset disposal. The company recovers valuable metals and materials from discarded electronic products while helping businesses and institutions comply with environmental regulations through scientific and sustainable recycling practices.
Revenue from operations has increased from Rs. 9.77 Crores in Q4 FY25 to Rs. 18.61 Crores, in Q4 FY26, up 90 percent. Operating profit has increased from Rs. 6.96 Crores to Rs. 12.93 Crores, up 85 percent and net profit has increased from Rs. 2.20 Crores to Rs. 7.14 Crores, up 224 percent
Baheti Recycling Industries Ltd
Baheti Recycling Industries Ltd is engaged in manufacturing recycled aluminium alloys and aluminium de-ox alloys using aluminium scrap as its primary raw material. The company supplies its products to industries such as automotive, engineering and manufacturing, supporting resource conservation while promoting sustainable metal recycling through efficient production processes.
Revenue from operations has increased from Rs. 267 Crores in H2 FY25 to Rs. 410 Crores in H2 FY26, up 53 percent. Operating profit has increased from Rs. 24 Crores to Rs. 40 Crores, up 66 percent and net profit has increased from Rs. 11 Crores to Rs. 18 Crores, up 63 percent.
Namo eWaste Management Ltd
Namo eWaste Management Ltd is engaged in the collection, recycling and disposal of electronic waste across India. The company provides e-waste management, data destruction, reverse logistics and extended producer responsibility (EPR) services, helping businesses and producers manage electronic waste responsibly while supporting environmental sustainability and resource recovery.
Revenue from operations has increased from Rs. 83 Crores in H2 FY25 to Rs. 107 Crores in H2 FY26, up 29 percent. Operating profit has increased from Rs. 7 Crores to Rs. 12 Crores, up 71 percent and net profit has increased from Rs. 3 Crores to Rs. 7 Crores, up 133 percent
Urban Enviro Waste Management Ltd
Urban Enviro Waste Management Ltd provides integrated waste management and municipal sanitation services across India. The company is engaged in solid waste collection, transportation, processing, recycling and disposal, along with waste-to-resource initiatives. It works with municipal bodies to improve urban cleanliness while promoting sustainable waste management practices.
Revenue from operations has increased from Rs. 69 Crores in H2 FY25 to Rs. 95 Crores in H2 FY26, up 37 percent. Operating profit has increased from Rs. 10 Crores to Rs. 16 Crores, up 60 percent and net profit has increased from Rs. 3 Crores to Rs. 6 Crores, up 100 percent
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