Grp
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.
- Company typePublic
- Founded1974
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
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.
Grp firmographics
Firmographics- 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
Grp industry classification
Industry- 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
Where Grp is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
Grp business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- 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.
- 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.
- 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.
- 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
Grp product offering
Product offeringCore 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
Companies that use Grp
Customer profileNamed customers9 records
Segments6 records
Ideal customer profiles5 records
Grp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Grp partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Fornnax Technology Pvt. Ltd.coreFornnax, 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 GroupcoreMoU signed for ringtread franchise operations, expanding GRP's retreading technology capabilities
- Tata Institute of Social SciencesminorCSR partnership for education initiatives and social development programs
- KC Mahindra Education TrustminorCSR partnership for education and scholarship programs
- Nanhi Kali FoundationminorCSR partnership for girl child education initiatives
- Pravara Medical TrustminorCSR partnership for healthcare initiatives near manufacturing plants
- Ankleshwar Rotary Welfare TrustminorCSR partnership for healthcare and welfare programs
- Parivartan Mahila SansthaminorCSR partnership for women empowerment programs
- Life by Jonty FoundationminorWellness initiative partnership for 'Swasth Raho Mast Raho' employee wellness program
Scale indicators17 records
Recent moves9 records
Expansion highlights7 records
Grp competitors and assessment
Company assessmentDirect 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
Grp social profiles
Digital presenceGrp compliance and trust
Trust signalCompliance9 records
Grp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Grp leadership team
Management profileNumber of profiles
Profiles6 records
Grp subsidiaries and ownership
Company hierarchySubsidiaries3 records
Grp funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Grp M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Grp
What does Grp do?
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.
Is Grp a public or private company?
Grp is a public company. It is classified as public and is currently operating.
When was Grp founded?
Grp was founded in 1974. It employs 1,001 to 5,000 people.
Where is Grp based?
Grp is headquartered in Mumbai, India, in the Asia region.
How does Grp make money?
Four revenue lines are on record. Reclaim Rubber Sales are the primary driver. The others are engineering Plastics, pyrova Energy Products and custom Die Forms and Polymer Composites.
Who are Grp's main competitors?
Direct peers on record are Liberty Tire Recycling, Lehigh Technologies, Genan, Ecore International, GreenMantra Technologies and Aquafil. Emerging players are Bolder Industries, Scandinavian Enviro Systems (Enviro) and Pyrolyx. Bridgestone Corporation is listed as a broad incumbent.
Does Grp have an API?
No public API is recorded for Grp.
What industry is Grp in?
Grp's product category is Reclaimed Rubber and Recycled Plastics Manufacturing. Its primary akta.pro industry code is IMANAMAF, Tire Recycling & Processing (Shredding, TDF, Pyrolysis Feedstock), with a secondary code of IMANAMAE, Rubber Recycling (Crumb Rubber, Devulcanization). Its NAICS code is 325212 and its SIC code is 2820.