Rikayaa Enterprises Limited

What Rikayaa Enterprises Limited does

Rikayaa Enterprises Limited is an India-based, privately held non-ferrous metals manufacturer founded in 2020 by Yash Gupta. Through its wholly owned subsidiary Rikayaa Greentech Private Limited, the company operates a tin refining plant in Baddi, Himachal Pradesh with approximately 4,000 metric tonnes of annual capacity. Its core products are 99.90% pure tin ingots (RGPL brand), 99.97% pure lead ingots (RGTPL brand), tin-lead alloys, and a range of solder wires and sticks manufactured to BIS specifications. The company also operates a consumer-facing brand, Tambhveda, producing copper bottles and metal utensils.

The underlying technology is a proprietary green hydrometallurgical and pyrometallurgical refining process that converts recycled scrap and electronic waste into 99.9% pure tin, filling a domestic gap given that India imports approximately 95% of its over 10,000 metric tonnes of annual tin consumption. Production relies on automated casting and feeding lines, spectroscopic analyzers, tensile and hardness testers, microstructural analysis equipment, and AI-applied material handling and vendor management. The company holds ISO 9001:2015, ISO 14001:2015, and ISO 22000:2018 certifications, REACH and RoHS compliance, and is the first and only firm in India to receive BIS certification for tin ingots under IS 26:2024.

Rikayaa sells directly through a corporate sales team with no third-party distributors or marketplace channels, targeting electronics manufacturers, lead-acid battery producers, plumbing and construction firms, and industrial buyers in automotive, aerospace, and medical sectors. Revenue is generated from one-time direct sales of metal products; FY25 revenue was ₹57 crore with FY26 projected at ₹100 crore. A 25–30 active client base includes MacDermid Alpha Electronics Solutions under a multi-year supply contract scaling from 5 tonnes/month in 2024 to 25 tonnes/month for 2026. The company is actively preparing for an IPO and is conducting R&D into anode-grade tin powder for sodium-ion battery applications.

Name

Rikayaa Enterprises Limited

Legal name

Rikayaa Enterprises Ltd.

Website

https://rikayaa.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Rikayaa Enterprises Limited, through its subsidiary Rikayaa Greentech, manufactures 99.9% pure tin and 99.97% pure lead from recycled scrap and electronic waste at its Baddi plant, serving electronics, battery, plumbing, and industrial manufacturers in India via direct corporate sales.

Ownership category

akta.pro rank

Product category

Non-Ferrous Metal Refining

NAICS

Pottery, Ceramics, and Plumbing Fixture Manufacturing (32711)

SIC

Secondary Smelting & Refining Of Nonferrous Metals (3341)

akta.pro primary industry

Metal Melting & Secondary Smelting/Refining (Recycled Feedstock Producers) (EUAIAJAJ)

akta.pro secondary industry

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

Keywords

• Non-ferrous metals
• Tin refining
• Lead alloys
• Solder products
• Metal recycling

Headquarters

HQ city

Delhi

HQ country

India

HQ region

Asia

Offices2 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. Tin Ingots (99.90% Pure): Primary revenue stream from manufacturing and selling high-purity tin ingots produced via proprietary green refining process. Sold directly through corporate sales team to industrial customers. Revenue of ₹57 crore in FY25 with ₹100 crore projected for FY26.
2. Lead Ingots (99.97% Pure): Manufacturing and sale of high-purity lead ingots for battery manufacturing, radiation shielding, construction, and cable/pipe industries. Sold directly to industrial buyers.
3. Tin-Lead Alloys: Production of tin-lead alloys in various compositions for soldering, plating, batteries, bearings, and radiation shielding applications across electronics, automotive, aerospace, and medical industries.
4. Solder Wires: Sale of RGTPL brand solder wires for electronics, plumbing, metalwork, and electrical wiring applications. Manufactured adhering to BIS specifications.
5. Solder Sticks and Bars: Production and sale of solder sticks (solid rods of solder alloy) for creating strong, reliable joints in electronics, plumbing, metalwork, and electrical wiring applications.
6. Tambhveda Brand Copper Bottles and Metal Utensils: Consumer-facing copper bottles and metal utensils under the Tambhveda brand, combining traditional craftsmanship with modern quality standards for health-conscious consumers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Rikayaa Enterprises, through its subsidiary Rikayaa Greentech, manufactures high-purity tin ingots (99.90% min), lead ingots (99.97% min), tin-lead alloys, solder wires, and solder sticks using a proprietary green hydrometallurgical and pyrometallurgical refining process that recycles scrap and electronic waste. The Baddi facility has an annual capacity of ~4,000 metric tonnes and primarily serves electronics, battery, plumbing, and industrial manufacturing customers in India.

Product overview

Rikayaa Enterprises Limited operates as a manufacturer and supplier of high-purity non-ferrous metal products through its subsidiary Rikayaa Greentech Pvt. Ltd. The product portfolio centers on tin and lead products refined from scrap and electronic waste using proprietary green technology. Core products include Tin Ingots (RGPL brand, 99.90% min purity), Lead Ingots (RGTPL brand, 99.97% min purity), Tin-Lead Alloys, Solder Wires, and Solder Sticks & Bars. The company also operates a consumer lifestyle brand called Tambhveda for copper bottles and metal utensils. The manufacturing facility in Baddi, Himachal Pradesh has an annual capacity of approximately 4,000 metric tonnes of tin.

Differentiator

Problem solved

Functional benefit

Brands

• RGPL: Brand for high-purity Tin Ingots (minimum 99.90% purity), essential for soldering, plating, and alloy production applications.
• RGTPL
• Tambhveda

Products and services

• Tin Ingots (Min. 99.90% Pure) High-purity tin ingots with minimum 99.90% purity, produced via proprietary green refining from recycled scrap and electronic waste; used in soldering, plating, alloy production, and chemical manufacturing for industrial customers.
• Lead Ingots (Min. 99.97% Pure) High-purity lead ingots with minimum 99.97% purity used in battery manufacturing, radiation shielding, construction, and cable/pipe production for industrial buyers.
• Tin-Lead Alloys Binary tin-lead alloys with low melting points (183°C to 300°C), excellent corrosion resistance, and superior wettability; used in soldering, plating, batteries, bearings, bushings, and radiation shielding across electronics, automotive, aerospace, and medical industries.
• Solder Wires (RGTPL Brand) Fusible metal alloy wires manufactured to BIS specifications; create permanent bonds between metal workpieces for electronics, plumbing, metalwork, and electrical wiring applications, featuring high electrical conductivity and corrosion resistance.
• Solder Sticks & Bars Solid rods of solder alloy used to create strong, reliable joints between metal components in electronics (PCBs), plumbing, metalwork, and electrical wiring applications.
• Tambhveda Copper Bottles & Metal Utensils Consumer-facing copper bottles and metal utensils (pots, pans, brass, stainless steel items) for cooking, serving, and decorative purposes, combining traditional craftsmanship with modern quality standards for health-conscious consumers.

Quantifiable outcome

• Revenue of ₹57 crore in FY25 with projected ₹100 crore in FY26 — near 75% year-over-year growth
• +2 more outcomes

Named customers1 record

Segments5 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

One partnership is on record.

• MacDermid Alpha Electronics SolutionscoreChannel Partner/ Reseller/ DistributorMacDermid Alpha Electronics Solutions has a supply contract with Rikayaa Greentech for high-purity tin ingots used in electronics manufacturing. The partnership has grown significantly, with monthly orders increasing from 5 tonnes in 2024 to 25 tonnes for 2026, representing a 5x volume increase. This is Rikayaa's most prominent named commercial customer and a core revenue-generating partnership.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Gravita India Limited: Indian listed company engaged in lead recycling and manufacturing of lead ingots, lead alloys, and related products from scrap. Most directly comparable on the lead side of Rikayaa's product portfolio, with similar scrap-to-refined-metal business model and Indian market focus.
• Attero Recycling Private Limited: India's largest integrated e-waste recycling company recovering precious and non-ferrous metals (gold, silver, copper, palladium) from electronic waste. Directly comparable to Rikayaa's e-waste-to-non-ferrous-metals recovery proposition and Indian operating environment.

Broad incumbents

• Minsur S.A. Peruvian privately-held integrated tin mining and smelting company (owns the San Rafael mine and Pisco smelter). Comparable as a fully-integrated incumbent tin producer, representing the type of global competitor Rikayaa faces as it tries to localize Indian tin supply.
• Yunnan Tin Group (YTC): China's largest tin producer and one of the world's biggest, with integrated mining, smelting, and深加工 tin products including solder and tin chemicals. Comparable as the global scale incumbent in tin refining, relevant for understanding competitive dynamics in global tin supply chains.
• Aurubis AG: German copper and non-ferrous metals recycler and refiner processing complex scrap and secondary feedstocks into high-purity metals. Directly comparable business model to Rikayaa's green hydrometallurgical/pyrometallurgical refining approach, at much larger global scale.
• Boliden AB: Swedish metals mining and recycling company with significant lead, zinc, and copper smelting operations including secondary feed processing at facilities like Rönnskär. Comparable as a European incumbent running large-scale non-ferrous secondary smelting and refining operations using similar metallurgical techniques.
• PT Timah Tbk: Indonesian state-linked integrated tin mining and smelting company, one of the world's largest tin producers. Comparable as the dominant incumbent supplying the global tin market that Rikayaa is positioning to displace in India through domestic scrap-based refining.
• Umicore SA: Belgian global materials technology and recycling company with a large non-ferrous metals recycling business (including tin, lead, indium, precious metals) and battery materials portfolio. Comparable as a globally scaled incumbent operating the same secondary non-ferrous refining model Rikayaa is building in India.
• Malaysia Smelting Corporation Berhad: Malaysian tin smelting and metals producer operating one of the world's largest tin smelters. Comparable as an established tin refiner with global customer reach — providing benchmark for what scaled tin refining operations look like versus Rikayaa's emerging Indian capacity.

Emerging players

• Lohum Cleantech Private Limited: Indian battery materials and lithium-ion battery recycling company producing refined cathode precursors and battery-grade chemicals. Comparable to Rikayaa in the domestic critical-minerals recycling theme and adjacent in the broader e-waste/battery recovery ecosystem.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rikayaa-enterprises-private-limited

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Rikayaa Enterprises Limited