Grp

What Grp does

GRP Limited is an Indian publicly listed manufacturer (NSE: GRPLTD) founded in 1974 and headquartered in Mumbai, specializing in reclaimed rubber from end-of-life tyres, recycled engineering plastics (Nylon 6, Nylon 66, PBT), repurposed polyolefins, custom die forms, and — most recently — tyre pyrolysis products under the Pyrova Energy vertical. The company operates 8 production units across India (Ankleshwar, Panoli, and Solapur, where it houses India's largest single-line pyrolysis reactor with closed-loop syngas-based clean heating), runs an in-house raw material sourcing network from end-of-life tyres, ocean waste, and textile waste, and processes approximately 3.9 million end-of-life tyres and 12 KT of end-of-life plastics annually. Its stated processing capacity of 3,000 MT/year of virgin polymer replacement and 6,000 MT upcycling capacity underpin the circular materials platform.

GRP sells through a direct enterprise sales model with vertical-segmented teams serving 400+ customers across 55+ countries, anchored by global tier-1 tire and automotive OEMs (Continental, Goodyear, Pirelli, CEAT, MRF, JK Tyre) and diversified across electrical/electronics, furniture/appliances, compounding, petrochemicals, and logistics/industrial segments. The company generates revenue primarily through one-time spot/contract sales of reclaimed rubber, recycled engineering plastics, Tyre Pyrolysis Oil (TPO), Recovered Carbon Black (rCB), and polymer composite products at quote-based pricing — no subscription or licensing model. Reported March 2026 net sales were Rs 144.52 crore, a 9.87% year-over-year decrease, against a backdrop of 49% stock decline from 52-week highs due to US tariff impacts on export volumes and margins. GRP is family-controlled (Rajendra Gandhi as Chairman, Harsh Gandhi as Managing Director, Hemal Gandhi as Executive Director), holds IATF 16949, ISO 9001/14001/45001, REACH, ISCC+, and GRS certifications, and is supported by a $15.87M PROPARCO development finance loan executed in November 2024.

Name

Grp

Legal name

GRP Limited

Website

https://grpweb.com

Company type

Public

Founded year

1974

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

GRP Limited is an Indian public manufacturer that converts end-of-life tyres and plastic waste into reclaimed rubber, recycled Nylon/PBT engineering plastics, and tyre pyrolysis products, selling direct to global tier-1 tire, automotive, electrical, and petrochemical customers across 55+ countries.

Ownership category

akta.pro rank

Product category

Reclaimed Rubber and Recycled Plastics Manufacturing

NAICS

Synthetic Rubber Manufacturing (325212), Other Rubber Product Manufacturing (32629), All Other Rubber Product Manufacturing (326299), All Other Plastics Product Manufacturing (326199), Rubber Product Manufacturing for Mechanical Use (326291)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Miscellaneous Plastics Products (3080), Fabricated Rubber Products, Nec (3060)

akta.pro primary industry

Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock) (IMANAMAF)

akta.pro secondary industries

Rubber Recycling (Crumb Rubber, Devulcanization) (IMANAMAE), Reprocessed Resin & Recycled Polymer Compounding (PCR/PIR Compounds) (IMANAMAG), Recycled & Reprocessed Polymer Resin Manufacturing (rPET, rPP, rPE; PCR/PIR resins) (IMANAAAH), Synthetic Rubber & Elastomer Feedstocks (SBR, BR, NBR, EPDM) (IMAEADAJ), Recycled Plastic Compounds (PCR/PIR) (IMANABAE)

Keywords

• Reclaimed rubber manufacturing
• Tire pyrolysis recycling
• Engineering plastics recycling
• Recycled polymer compounds
• Circular economy materials

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Reclaim Rubber Sales: Sale of natural and synthetic reclaim rubber products including High Tensile Reclaim, Natural Tube Reclaim, Whole Tyre NR Reclaim, Butyl Reclaim, Chlorobutyl Reclaim, and EPDM Reclaim. Revenue generated from direct sales to tyre and non-tyre manufacturers globally.
2. Engineering Plastics: Sale of recycled Nylon 6, Nylon 66, PBT compounds and repurposed polyolefins to automotive, electrical, furniture, and compounding industries. Products are sold as raw materials for manufacturing.
3. Pyrova Energy Products: Tyre Pyrolysis Oil (TPO) and Recovered Carbon Black (rCB) generated from end-of-life tyre pyrolysis. TPO sold to petrochemical industries; rCB sold to tire and rubber manufacturers.
4. Custom Die Forms and Polymer Composites: Custom die-cut components from reclaimed rubber (link mats, laminated dock bumpers) and 100% recycled polymer composite products (wheel chocks, bumper guards, coil saddles, parking stoppers).

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

GRP Limited manufactures reclaimed rubber from end-of-life tyres, recycled engineering plastics (Nylon 6, Nylon 66, PBT), repurposed polyolefins, custom die-cut components, polymer composites, and pyrolysis-derived products (Tyre Pyrolysis Oil and Recovered Carbon Black). The company serves global OEMs and manufacturers in automotive, electrical, furniture, petrochemical, and industrial sectors through 8 production units across India and direct enterprise sales across 55+ countries.

Product overview

GRP Limited is a multi-vertical sustainability company operating across four business divisions: Reclaim Rubber, Engineering Plastics, Repurposed Polyolefins, and Pyrova Energy. The Reclaim Rubber division produces Natural Rubber Reclaim, Synthetic Rubber Reclaim (Butyl, Chlorobutyl, EPDM), Polycoat, Custom Die Forms, and Crumb Rubber from end-of-life tyres. The Engineering Plastics division manufactures Nylon 6, Nylon 66, and PBT from recycled sources, while the Repurposed Polyolefins business converts plastic waste into sustainable polyolefin compounds. Pyrova Energy is the newest vertical producing Tyre Pyrolysis Oil and Recovered Carbon Black through pyrolysis technology. The company operates 8 production units and distributes to 55+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Pyrova Energy: Tyre pyrolysis business vertical converting end-of-life tyres into Tyre Pyrolysis Oil (TPO), carbon char, and recovered steel using advanced pyrolysis technology.
• GRPLENE
• AGILON
• GRPLON
• AGILENE

Products and services

• Natural Rubber Reclaim High-performance reclaimed rubber produced from end-of-life tyres, tread peelings, and natural rubber. Includes High Tensile Reclaim, Natural Tube Reclaim, and Whole Tyre NR Reclaim grades for tyre and non-tyre rubber applications.
• Synthetic Rubber Reclaim Reclaimed rubber produced from end-of-life synthetic rubber including Butyl, Chlorobutyl, and EPDM through environmentally responsible processes, with REACH compliance for global markets.
• Polycoat High-performance elastic powder in compounded form produced through specialized treatment of ground waste rubber. Available in Natural and Nitrile grades.
• Custom Die Forms (CDF) Precisely die-cut components manufactured from end-of-life tyres and recovered rubber materials. Includes Link Mats and Laminated Dock Bumpers.
• Crumb Rubber High-quality recycled material produced by grinding scrap and end-of-life tyres into fine uniform granules typically under 4mm in size.
• Nylon 6 Repurposed Nylon 6 compounds (glass-filled and unfilled) produced from recycled polyamide sources including tyre cords, processing wastes, and ocean wastes. Sold under AGILON and GRPLON brands.
• Nylon 66 Repurposed Nylon 66 compounds sourced from processing waste and discarded airbags. Available in unfilled and glass-filled variants (up to 30% GF). Sold under GRPLON brand.
• Polybutylene Terephthalate (PBT) Repurposed PBT compounds made from diverse feedstock, offering excellent chemical resistance, dimensional stability, and electrical properties. Sold under AGILENE brand.
• Repurposed Polyolefins Polyolefin-based materials derived from recycled plastic waste streams including end-of-life polypropylene. Includes TPE, Impact Copolymer PP, and Glass/Talc Filled PP.
• Polymer Composite Products Products produced using 100% recycled rubber and plastic. Includes Heavy-Duty Wheel Chock, Rear Bumper Guard, Coil Saddle, and Car Parking Stopper for logistics and industrial use.
• Recovered Carbon Black (rCB) Eco-friendly substitute for traditional carbon black produced by recycling carbon black from end-of-life tires through advanced pyrolysis technology. Superior particle size distribution, enhanced compounding properties, and consistent quality for automotive tire industry, conveyor belts, masterbatches, inks, and pigments.
• Tyre Pyrolysis Oil (TPO) Hydrocarbon-rich oil produced from end-of-life tyres through advanced pyrolysis process. Density: 0.8-0.9 kg/m3 with calorific value suitable for petrochemical industries and manufacturing applications.

Quantifiable outcome

• 95% lower greenhouse gas emissions compared to virgin materials
• +6 more outcomes

Named customers9 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Fornnax Technology Pvt. Ltd.coreTechnology or Integration · 9 April 2026Fornnax, a technology partner in circular economy, showcased upgraded Primary Shredder at India Rubber Expo 2026 targeting commercial-scale production of recovered carbon black and reclaimed rubber. Equipment upgrades respond to client demands from companies like GRP Ltd. for higher throughput, tighter material specifications, and operational consistency.
• Marangoni GroupcoreStrategic or Co-development Partner · 15 December 2021MoU signed for ringtread franchise operations, expanding GRP's retreading technology capabilities
• Tata Institute of Social SciencesminorStrategic or Co-development PartnerCSR partnership for education initiatives and social development programs
• KC Mahindra Education TrustminorStrategic or Co-development PartnerCSR partnership for education and scholarship programs
• Nanhi Kali FoundationminorStrategic or Co-development PartnerCSR partnership for girl child education initiatives
• Pravara Medical TrustminorStrategic or Co-development PartnerCSR partnership for healthcare initiatives near manufacturing plants
• Ankleshwar Rotary Welfare TrustminorStrategic or Co-development PartnerCSR partnership for healthcare and welfare programs
• Parivartan Mahila SansthaminorStrategic or Co-development PartnerCSR partnership for women empowerment programs
• Life by Jonty FoundationminorStrategic or Co-development PartnerWellness initiative partnership for 'Swasth Raho Mast Raho' employee wellness program

Scale indicators17 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Liberty Tire Recycling: Liberty Tire Recycling is the largest tire recycler in North America, collecting and processing end-of-life tires into crumb rubber, rubber mulch, and other tire-derived products. Directly comparable to GRP's reclaim rubber and crumb rubber product lines, serving similar tire, construction, and industrial customers.
• Lehigh Technologies: Lehigh Technologies produces sustainable, micronized rubber powder and recovered carbon black from end-of-life tires using cryogenic and mechanical processing. Highly comparable to GRP's rCB and crumb rubber offerings targeting tire manufacturers and rubber compounders.
• Genan: Genan is a leading European tire recycler producing rubber granulates and powders from end-of-life tires for use in rubber compounds, sports surfaces, and industrial applications. Closely comparable to GRP's crumb rubber and reclaim rubber business across similar end-markets.
• Ecore International: Ecore International transforms reclaimed rubber into performance rubber flooring, sports surfaces, and acoustic underlayments. Comparable to GRP's Custom Die Forms and reclaimed rubber composite product lines targeting industrial, logistics, and commercial flooring end-uses.
• GreenMantra Technologies: GreenMantra upcycles post-consumer and post-industrial recycled plastics (including polyolefins) into specialty polymers for industrial applications. Comparable to GRP's Repurposed Polyolefins and Engineering Plastics verticals using recycled feedstock for downstream compounding.
• Aquafil: Aquafil is a global leader in nylon recycling through its ECONYL process, converting post-consumer and post-industrial nylon waste into caprolactam for carpet, textile, and engineering plastic applications. Comparable to GRP's Nylon 6/Nylon 66 recycling and engineering plastics business.

Emerging players

• Bolder Industries: Bolder Industries operates commercial-scale tire pyrolysis in the US, producing recovered carbon black, oil, and steel from end-of-life tires. Directly comparable to GRP's Pyrova Energy vertical, though at a smaller geographic footprint.
• Scandinavian Enviro Systems (Enviro): Enviro is a Swedish pyrolysis technology company that recovers carbon black, oil, and steel from end-of-life tires, with established commercial deployments. Comparable to GRP's Pyrova Energy vertical in the recovered carbon black and tire pyrolysis oil markets.
• Pyrolyx: Pyrolyx produces recovered carbon black (rCB) from end-of-life tires for the global tire and rubber industry. Directly comparable to GRP's Recovered Carbon Black product line and serves the same tire OEM customer base.

Broad incumbents

• Bridgestone Corporation: Bridgestone is the world's largest tire manufacturer with significant circular economy initiatives including tire recycling, retreading, and circular material programs. Operates as both a potential customer and broad incumbent that overlaps with GRP's reclaim rubber and rCB offerings through its own sustainability initiatives.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GRPVoice
• Facebookfacebook.com/GRPReclaimRubber
• LinkedInlinkedin.com/company/grp-ltd
• Instagraminstagram.com/grpltd

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grp