Gravita India

What Gravita India does

Gravita India Limited is an Indian public listed company (BSE: 533282, NSE: GRAVITA), founded in 1992 by Rajat Agrawal and headquartered in Jaipur, Rajasthan, that operates as a diversified non-ferrous metals and battery recycling manufacturer. Its core operations span recycling and refining of lead, aluminium, plastics, rubber/tyres, copper, and lithium-ion batteries, producing refined lead ingots (99.97-99.99% purity), lead alloys (lead-tin, lead-antimony, lead-calcium, lead-arsenic), aluminium alloys, polypropylene granules, recycled tyre products, copper and copper alloys, and atomised lead powder for industrial use. The underlying technology relies on advanced pyrometallurgical and hydrometallurgical processes, including controlled dismantling, mechanical separation, and chemical recovery for lithium-ion battery recycling, executed across Indian plants (Phagi-Jaipur, Mundra, Kathua, Chittoor, Mumbai via RMIL) and international subsidiaries in UAE, Mozambique, Netherlands, Tanzania, Sri Lanka, Senegal, Ghana, Togo, and Romania.

Gravita makes money through four primary revenue streams: (1) manufacturing and sale of recycled metals and products (hardware sales), (2) turnkey recycling plant solutions (professional services) sold across Asia, Africa, and Europe, (3) Extended Producer Responsibility (EPR) compliance services and consultancy under Indian CPCB regulations (professional services), and (4) raw material procurement and trading of scrap including lead-acid batteries, aluminium, plastic, rubber, and lithium battery scrap. Products are priced commodity-linked to London Metal Exchange benchmarks on a unit-pricing basis for enterprise customers. The customer base spans lead-acid battery manufacturers, automotive, telecom infrastructure, solar and energy storage integrators, power cable companies (including Power Grid Corporation of India), healthcare facilities requiring radiation shielding, and EPR-obligated producers — a horizontal segmentation across industrial verticals served in 70+ countries.

The company's strategic posture is defined by its VISION 2030 plan targeting 8+ LTPA aggregate capacity by FY29 and 20-25% volume CAGR / 35% earnings CAGR over three years, funded by ₹1,225-1,700 crore of capex. The recent acquisition of Rashtriya Metal Industries Limited (98.95% stake, ₹559.08 crore, completed March 2026) marks entry into copper recycling; the Mandvi copper plant (₹160 crore), Mundra lithium-ion battery plant (₹14 crore), and 80,300 MTPA Mundra lead expansion (₹490 million) executed within 2026 reflect rapid execution on the strategic plan. FY26 revenue reached ₹4,265.27 crore (+10.25% YoY) with net profit of ₹378.80 crore (+21.26% YoY) and 25% ROIC, supporting the growth narrative.

Name

Gravita India

Legal name

Gravita India Limited

Website

https://gravitaindia.com

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Gravita India is a publicly listed Indian recycler and manufacturer of non-ferrous metals (lead, aluminium, copper) and battery materials, serving industrial customers in automotive, telecom, energy storage, cable, healthcare, and EPR compliance across 70+ countries through processing and turnkey plant solutions.

Ownership category

akta.pro rank

Product category

Metal Recycling and Manufacturing

NAICS

Secondary Smelting and Alloying of Aluminum (331314), Copper Rolling, Drawing, Extruding, and Alloying (33142), Recyclable Material Merchant Wholesalers (423930)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB)

akta.pro secondary industries

Lead-Acid Battery Recycling (Breaking, Smelting, Refining) (EUAIAIAG), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ), Aluminum Scrap Collection, Sorting & Processing (IMAKACAJ), E-Waste & Electronics Metal Recovery (ITAD, Circuit Boards, Precious Metal Recovery) (IMAKAMAG), Post-Consumer Plastic Collection & Sorting (MRF/PRF, Bale Supply) (EUAIAKAA)

Keywords

• Lead recycling
• Aluminium alloys
• Battery recycling
• Turnkey recycling plants
• Extended producer responsibility

Headquarters

HQ city

Jaipur

HQ country

India

HQ region

Asia

Offices15 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. Manufacturing and Recycling: Core revenue from recycling and manufacturing of lead, aluminium, plastics, rubber, and copper products. The company processes scrap materials into refined products including lead ingots, lead alloys, aluminium alloys, plastic granules, and recycled copper.
2. Turnkey Solutions: Revenue from designing, supplying, installing, and commissioning complete recycling plants for clients across Asia, Africa, and Europe. Includes equipment sales and commissioning services.
3. EPR Services and Consultancy: Extended Producer Responsibility (EPR) compliance services, consultancy for circular economy implementation, and CPCB-registered EPR certificate issuance.
4. Raw Material Procurement: Procurement and trading of scrap materials including lead acid batteries, aluminium scrap, plastic scrap, and rubber scrap for processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Gravita India recycles lead, aluminium, plastics, rubber/tyres, lithium-ion batteries, and copper scrap into refined metals, alloys, granules, and other secondary raw materials. It also designs and commissions turnkey recycling plants globally and offers EPR compliance and circular economy consulting services to industrial clients.

Product overview

Gravita India operates as a diversified recycling and manufacturing company offering multiple interconnected product lines. Its core manufacturing portfolio spans lead recycling (producing refined lead, lead alloys, lead powder, and lead sheets), aluminium recycling, plastic recycling (granules), rubber/tyre recycling (pyrolysis), and copper/copper alloys. The company complements manufacturing with turnkey plant solutions (designing and building recycling plants globally), consultancy services including EPR compliance, raw material procurement operations, and lithium battery recycling. The product ecosystem enables closed-loop circular economy solutions across multiple material streams serving automotive, telecom, construction, healthcare, and energy storage sectors across 70+ countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Recycling - Lead Recycling of lead-acid batteries to recover lead, polypropylene, and sulphuric acid, producing refined lead ingots, lead alloys, lead oxide, and PP granules for industrial buyers.
• Aluminium Alloys Recycling of aluminium scrap into aluminium alloys supplied to automotive, construction, and manufacturing sectors.
• Plastic Granules Processing of plastic scrap into recycled polypropylene granules for packaging, construction, and manufacturing applications.
• Recycled Tyre Products Pyrolysis-based processing of end-of-life tyres into fuel oil, recovered carbon black, and crumb rubber for industrial customers.
• Copper and Copper Alloys Manufacturing of copper and copper alloy products through recycling of copper scrap, serving electrical equipment, power infrastructure, and defence applications.
• Lithium Battery Recycling Recovery and processing of lithium-ion batteries from EVs, electronics, and energy storage systems to reclaim lithium, cobalt, nickel, and other critical minerals.
• Turnkey Recycling Plant Solutions End-to-end design, manufacturing, delivery, installation, commissioning, and training for complete recycling plants covering lead smelting, aluminium recycling, battery recycling, and lead chemicals.
• Consultancy Services EPR compliance advisory, circular economy consulting, and strategic guidance for sustainable waste management practices to producers, importers, and brand owners.
• EPR Services Extended Producer Responsibility certificates and consultancy services for battery, plastic, e-waste, and tyre producers, transacted via CPCB portal.
• Raw Material Procurement Global procurement of battery scrap, aluminium scrap, plastic scrap, rubber scrap, and lithium battery scrap sourced through 27+ own yards and 1,500+ touchpoints.

Quantifiable outcome

• 31% profit growth in 9MFY26 with 25% ROIC maintained
• +3 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Rashtriya Metal Industries LimitedcoreStrategic or Co-development Partner · 9 February 2026Gravita acquired 98.95-99.44% stake in Rashtriya Metal Industries for ₹559-565 crore (enterprise value ~₹800 crore), marking strategic entry into copper and copper alloy recycling. The acquisition enables expansion into specialized end-markets including electrical equipment, power infrastructure, and defence applications.

Scale indicators13 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Exide Industries: India's largest lead-acid battery manufacturer and a major buyer of refined lead and lead alloys—Gravita's anchor customer and closest downstream comparable operating in the same lead value chain.
• Nyrstar: Global multi-metals smelter with significant secondary lead and zinc processing capacity; directly comparable in pyrometallurgical recycling of end-of-life batteries and scrap.
• Amara Raja Energy & Mobility: Major Indian lead-acid battery maker (Amaron) sourcing secondary lead and alloys; directly comparable end-market exposure to automotive, industrial, and UPS battery demand.

Broad incumbents

• Hindalco Industries: India's largest aluminium and copper producer with downstream fabrication; broad incumbent overlapping with Gravita's aluminium alloys and (post-RMIL) copper segments.
• Umicore: Global materials technology and recycling group with significant battery materials/recycling operations; broader portfolio but overlapping in non-ferrous recycling and lithium-ion battery recovery.
• Hindustan Zinc: Integrated zinc-lead miner and smelter in India; broad incumbent in non-ferrous metals with overlapping lead refining capacity and access to LME-graded output.

Emerging players

• Lohum Cleantech: Indian lithium-ion battery recycler producing battery-grade lithium compounds; emerging competitor targeting the same EV and energy-storage feedstock streams.
• Li-Cycle Holdings: Pure-play lithium-ion battery recycler using hydrometallurgical Spoke-and-Hub architecture; a focused emerging competitor in the EV battery recycling space Gravita entered at Mundra.
• Redwood Materials: US-based battery recycling and cathode-active-material producer with deep OEM partnerships; emerging competitor for high-value Li-ion feedstock and CAM supply contracts.
• Attero Recycling: India-focused e-waste and lithium-ion battery recycler; niche domestic competitor intersecting with Gravita's lithium and EPR services verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/gravitaindialtd
• Facebookfacebook.com/gravitaindialimited
• LinkedInlinkedin.com/company/gravita-india-limited
• Instagraminstagram.com/gravitaindia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors3 records

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

M&A1 record

Investments

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

Frequently asked questions about Gravita India