What Organic Recycling Systems does

Organic Recycling Systems Limited (ORSL) is a Navi Mumbai-based CleanTech company that converts municipal solid waste, agricultural residue, and energy crops into compressed biogas (CBG) and value-added by-products using anaerobic digestion-based biomethanation. Founded in 2008 and listed on BSE (bom:543997) after an oversubscribed October 2023 IPO, the company operates India's first integrated MSW valorisation facility in Solapur (400 TPD, commissioned 2013) and holds 2 patents plus 5+ proprietary technologies including the MethanoBoost Catalyst (validated for 30% methane yield improvement), DRYAD dry anaerobic digestion, and India's first pilot-scale BIO-CCU platform developed with IIT Bombay and IIT Kharagpur.

ORSL generates revenue through multiple streams: EPC and PMC services for CBG plants and waste management facilities (project-based, typically Rs 50-100 crore per 10 TPD plant), equity participation in projects it executes (e.g., Damoh, Madhya Pradesh), sale of Fermented Organic Manure as a by-product, technology licensing, and NABL-accredited third-party laboratory testing. The company is expanding into carbon compliance advisory (CBAM services via General Carbon Advisory partnership) and asset-owning projects through a Rs 1,000 crore Agro-Valorisation platform.

Customer segments span municipal corporations and urban local bodies, large industrial clients (IOC, BPCL, IGL), agricultural and dairy operators (gaushala-based projects, Shreyam Manek), and CBG project developers under India's SATAT scheme. The company reaches enterprise and government clients through direct field sales, government tenders, and strategic partnerships (IGL, SLPP Re-New, IIT Bombay/Kharagpur/Roorkee, ITEL Foundation, Netel India), with marketing support via LinkedIn, content marketing, industry events (India Energy Week 2026), and investor relations disclosures as a listed entity.

Name

Organic Recycling Systems

Legal name

Organic Recycling Systems Limited

Website

https://organicrecycling.co.in

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Organic Recycling Systems Limited (ORSL) is a Navi Mumbai-based CleanTech company that converts municipal solid waste, agricultural residue, and energy crops into compressed biogas (CBG) and organic manure via anaerobic digestion, serving municipalities, large industrials, and project developers across India.

Ownership category

akta.pro rank

Product category

Bioenergy and Organic Waste Management Services

NAICS

Waste Treatment and Disposal (5622), Waste Treatment and Disposal (56221)

SIC

Refuse Systems (4953), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Anaerobic Digestion (AD) & Biogas/RNG Production (Organics Feedstocks) (BPALAEAC)

akta.pro secondary industries

Organics-to-Energy & CHP from Biogas (On-site Power/Heat) (EUAIAEAG), Organics Facility Development & Operations Services (Design/Build, O&M, Permitting) (EUAIAEAJ), BECCS Project Development & Integration (Permitting, FEED, EPC Interface) (EUAAALAA)

Keywords

• Biogas plant construction
• Waste to energy solutions
• Anaerobic digestion systems
• Compressed biogas production
• Municipal solid waste management

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel

Revenue model

1. EPC Services: Engineering, Procurement, and Construction services for biogas plants, CBG plants, biomethanation facilities, and waste processing plants. ORSL provides end-to-end execution from feasibility studies to commissioning, including technology integration and commissioning support.
2. Project Equity Participation: ORSL takes equity stakes in CBG projects it executes, such as the Damoh Madhya Pradesh project where ORSL is undertaking equity participation alongside EPC execution. This provides upside exposure to project economics.
3. Laboratory and Testing Services: With NABL accreditation under ISO/IEC 17025:2017, ORSL's Research & Innovation Centre offers third-party testing, technology validation, sponsored research, and collaborative R&D services to generate incremental revenue.
4. Carbon Compliance Advisory: CBAM advisory and compliance services for Indian industries, covering emissions reporting, carbon accounting, and sustainability compliance. This represents a new higher-value service stream beyond core waste management.
5. Technology Licensing: ORSL licenses its proprietary technologies including the MethanoBoost Catalyst and process designs to project developers. The partnership with ITEL Foundation aims to create new revenue streams from technology licensing.
6. Fermented Organic Manure Production: Production and sale of fermented organic manure (FOM) as a by-product of biogas production, with potential for revenue from agricultural and horticultural applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Organic Recycling Systems Limited (ORSL) is a Navi Mumbai-based CleanTech company that designs, builds, and operates biomethanation and compressed biogas (CBG) plants using anaerobic digestion technology. It converts municipal solid waste, agricultural residue, and energy crops into CBG, fermented organic manure (FOM), and other value-added products. The company also offers EPC, PMC, and laboratory testing services to municipalities, industries, and project developers under India's SATAT scheme.

Product overview

Organic Recycling Systems Limited (ORSL) is a Navi Mumbai-based CleanTech company offering an integrated portfolio of bioenergy and waste management solutions. The core portfolio centers on compressed biogas (CBG) plants and biomethanation facilities that convert municipal solid waste, agricultural waste, and energy crops into renewable fuel. Supporting the plant operations are proprietary technologies including the MethanoBoost Catalyst (MBC) for enhanced methane yield and the pilot-scale BIO-CCU Platform for carbon capture and utilisation. The company provides comprehensive project execution through EPC and PMC services, complemented by laboratory services from its NABL-accredited Research & Innovation Centre. Key byproducts include Fermented Organic Manure (FOM) and segregation line systems. Recent expansion includes CBAM advisory services for carbon compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Compressed Biogas (CBG) Plants
• Biomethanation Plants
• Solid Waste Management Solutions
• CBAM Advisory Services
• Fermented Organic Manure (FOM)
• EPC Services
• PMC Services
• Laboratory Services
• Feasibility Reports
• Segregation Line Systems

Quantifiable outcome

• Revenue doubled from ₹13.64 crore (2023) to ₹27.61 crore (2025)
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• General Carbon Advisory ServicescoreStrategic or Co-development Partner · 5 May 2026ORSL partnered with General Carbon Advisory Services to enhance sustainability and carbon management offerings, focusing on CBAM advisory and compliance for Indian industries. The collaboration supports companies in emissions reporting and regulatory readiness amid increasing global carbon regulations.
• ITEL Foundation (Immersive Technology and Entrepreneurship Labs)coreStrategic or Co-development Partner · 23 March 2026ORSL signed MoU with ITEL Foundation of Chennai to advance research, development, and commercialization in bio-energy and decarbonization technologies. The partnership enables joint research, pilot validation, and industry training, supporting scalable deployment of sustainable technologies with focus on technology licensing revenue streams.
• SLPP Re-New LLPcoreTechnology or Integration · 26 February 2026Strategic partnership combines SLPP's specialized membrane-based biogas purification technology with ORSL's end-to-end TEPC and O&M capabilities. SLPP is positioned as preferred technology partner while ORSL leads project execution, technology integration, and lifecycle management of CBG facilities.
• Indraprastha Gas Limited (IGL)coreStrategic or Co-development Partner · 30 January 2026ORSL formalized empanelment as execution partner with IGL for joint development of CBG projects across India. The non-binding MoU exchange during India Energy Week 2026 provides ORSL a structured framework to originate, structure and execute CBG projects using feedstocks such as Napier grass, paddy straw and municipal solid waste.
• IIT BombaycoreStrategic or Co-development Partner · 10 December 2025Partnership with IIT Bombay for India's first pilot-scale BIO-CCU platform converting CO2 from biogas into bio-alcohols, specialty chemicals, and nutritional supplements. The 24-month project is funded by DBT-BIRAC INR 1.87 crore grant and implemented at ORSL's Research Innovation Centre.
• IIT KharagpurcoreStrategic or Co-development Partner · 10 December 2025Partnership with IIT Kharagpur for India's first pilot-scale BIO-CCU platform. The consortium integrates algal engineering and photocatalysis technologies to create near-zero-emission biogas solutions aligned with India's BioE3 Policy.
• IIT RoorkeecoreStrategic or Co-development Partner · 29 October 2025MoU with IIT Roorkee to jointly advance research in biomass valorisation, biochar development, and waste-to-energy technologies. Focus areas include biomass characterisation, biofuel production, biochar for carbon sequestration and water purification, and torrefaction of municipal solid waste.
• Netel IndiaminorStrategic or Co-development Partner · 2 July 2025Partnership with Netel India to jointly pursue solid waste management and waste-to-energy projects across PPP and EPC models. ORSL leads technical execution for organic waste processing and CBG production while Netel handles project financing and RDF-to-energy conversion segments.

Scale indicators11 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• Cleanergy Solutions India: Indian biogas and waste-to-energy EPC specialist serving municipalities and industry. Most direct head-to-head competitor with ORSL on CBG/biogas plant execution in the Indian market.
• Numantics / Enviro Infra Engineers (SMS Envocare): Indian solid waste management and EPC competitor focusing on municipal SWM, composting, and waste-to-energy projects. Direct peer for ULB tenders where ORSL's CBG/biomethanation solutions compete with traditional composting/MSW approaches.
• Praj Industries: Indian EPC and technology provider for ethanol, biogas, and waste-to-energy projects. Directly competes with ORSL on CBG/biogas plant engineering, with broader process equipment exposure giving it scale advantages.

Broad incumbents

• Adani Group (Adani Total Gas / Adani Green): Indian conglomerate with substantial gas distribution (Adani Total Gas) and renewable energy businesses. Has the balance sheet to vertically integrate or win large CBG mandates that overlap with ORSL's IGL partnership.
• Reliance Industries (Reliance Foundation / Green initiatives): Indian conglomerate with emerging CBG and circular economy initiatives as part of its energy transition. Could compete with ORSL for large municipal CBG tenders while also being a potential customer/partner.
• SUEZ India (Suez Environnement subsidiary): Global waste and water services major with Indian municipal solid waste operations. Directly comparable end-markets (ULBs, MSW processing) with vastly larger geographic footprint and balance sheet.
• Va Tech Wabag: Indian-listed water and wastewater treatment EPC player. While focused on water, it competes for municipal environmental infrastructure spend and overlaps with ORSL on integrated waste/wastewater project execution for ULBs.
• Ion Exchange (India): Indian water and environmental management company offering treatment solutions and EPC services to municipalities and industry. Comparable to ORSL on the environmental services/EPC overlap for ULB and industrial clients.
• Thermax Limited: Indian energy and environment solutions provider with waste-to-energy and biogas offerings alongside its core boiler/heating business. Competes with ORSL on waste valorisation and biogas EPC at a much larger scale.

Regional players

• Anaergia Inc. North American anaerobic digestion and biogas EPC company. Comparable technology (DRYAD-style systems, biogas upgrading), but operates primarily in North America — useful for technology/IP benchmarking rather than direct Indian competition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/organic-recycling-systems-pvt.-ltd.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

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 Organic Recycling Systems